With Meggitt Deal, Parker Ups Bet on Aerospace

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...

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