- Component supplier to the defence and aerospace sectors Meggitt has said its current financial position and liquidity 'remain strong' in a statement in response to press speculation regarding debt or equity funding options.

Meggitt said: 'Further to our trading update on 2 July, the group continues to trade in line with our internal expectations. While there have been initial signs of a recovery in the civil aerospace sector, considerable uncertainty remains in relation to COVID-19.

'Against this backdrop, the group continues to review a range of trading scenarios and associated actions to mitigate any material adverse change to the industry outlook.'

The company said that as at 30 June 2020, it had £1,701m of committed facilities in place providing headroom of £856m and it also has access to additional liquidity as an eligible issuer under the Bank of England's Covid Corporate Financing Facility.

At 8:36am: [LON:MGGT] Meggitt PLC share price was -18.9p at 276.3p

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