Meggitt secures more work on CFM Leap range

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UK aerospace specialist Meggitt has secured work on a package of thermal management products for the CFM International Leap engine range.

Meggitt will provide the components - including fuel-oil heat exchangers - for the Leap-1A, -1B and -1C engines which will respectively power the Airbus A320neo, Boeing 737 Max and Comac C919.

The company values the agreement at some $175 million over its life. It will produce the components at its Birmingham facilities.

Meggitt is also providing sensors for the powerplants. The company disclosed the additional work as it unveiled a 7% increase in civil aerospace revenues for the full year 2012, noting strong growth in original equipment supply for large jets.

This helped offset a decline in the aftermarket sector which, says Meggitt, mainly reflected "destocking" and events relating to Chapter 11 filings at certain customers.

Meggitt also says that civil aftermarket revenues were affected by the "accelerated decline" in use of older types such as the Boeing MD-80.