With Meggitt Deal, Parker Ups Bet on Aerospace

Tony Osborne Joe Anselmo Michael Bruno August 05, 2021
airplane engine
Meggitt was awarded a five-year contract from GE Aviation last year to supply valves, sensors and heat exchangers on multiple engine programs.
Credit: Meggitt
UK-based Meggitt is the latest midsize aerospace and defense supplier set to be gobbled up, with U.S. industrial powerhouse Parker Hannifin agreeing to acquire the company for $9.9 billion in a move that would nearly double the size of Parker’s aerospace unit. The acquisition, announced Aug. 2...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

Joe Anselmo

Joe Anselmo has been Editorial Director of the Aviation Week Network and Editor-in-Chief of Aviation Week & Space Technology since 2013. Based in Washington, D.C., he directs a team of more than two dozen aerospace journalists across the U.S., Europe and Asia-Pacific.

Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

With Meggitt Deal, Parker Ups Bet on Aerospace is available to both Aviation Week & Space Technology and AWIN subscribers.

Subscribe now to read this content, plus receive critical analysis into emerging trends, technological advancements, operational best practices and continuous updates to policy, requirements and budgets.

Already a subscriber to AW&ST or AWIN? Log in with your existing email and password.

Subscribe    Log in    

Related Content

Airbus aircraft
Will OEM Vertical Integration Die Off Or Expand After COVID-19?
Spirit AeroSystems facility
Opinion: Why Boeing’s Loss Is Not Airbus’ Gain
Boeing fuselage in factory
Continuing Labor Unrest Pauses Boeing CEO’s Recovery Plan
Triumph logo
The New Darwinism In Aerospace And Defense Merger And Acquisition
IAM Local 774 members
Opinion: Suppliers Go From Just In Time To Just Don’t Know
Aviation Week Intelligence Network
Monitor the market and connect your business to the people, programs and proprietary data driving the Aerospace & Defense market - only available with AWIN.

ASD_AWIN_thumbnail_270

Stay Connected.
Stay Informed
Grow Your Business.

Learn How