StockMarketWire.com - Meggitt, which produces components and sub-systems for the aerospace, defence and energy markets, has signed a $50 million agreement with low cost carrier Wizz Air to supply wheels and brakes.

The material maintenance agreement will start from 2021. Meggitt will provide its latest NuCarb carbon brake to Wizz Air, with a new wheel specifically designed to improve the performance characteristics of the A321neo aircraft.

Wizz Air is currently committed to 110 A321neo aircraft with options for a further 90 and will begin taking delivery of these aircraft in 2019.

Tony Wood, chief executive, said: "Meggitt is proud to be pairing our NuCarb technology with the A321neo aircraft for our launch customer, Wizz Air. This agreement builds on our existing partnership with Airbus to bring state of the art technology to the A321neo aircraft programme. We are grateful for the trust Wizz Air has placed in Meggitt following their rigorous selection process which further underlines the performance and operating cost benefits of our innovative aircraft braking technology."




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