Aerospace industry

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Meggitt says US takeover will go ahead despite UK government intervention
British defence supplier says Parker-Hannifin deal will complete next year despite referral to CMA

Julia Kollewe

19, Oct, 2021 @7:02 AM

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Leonardo helicopter boss warns £1bn investment at risk if UK does not order
Italian company wants British government to place order for replacement for RAF’s Puma fleet

Jasper Jolly

17, Sep, 2021 @2:04 PM

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Phew! Kwarteng can breathe again as Meggitt race slims down to one
TransDigm was the more problematic bidder but the UK still needs solid assurances from Parker-Hannifin

Nils Pratley

07, Sep, 2021 @5:51 PM

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US firm nears takeover of UK aerospace supplier Meggitt after rival pulls out
Parker-Hannifin edging closer to deal after withdrawal of £7.1bn offer by Ohio-based TransDigm

Jasper Jolly

07, Sep, 2021 @3:48 PM

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Ryanair ends talks with Boeing over large 737 Max order
Budget airline says it could not agree with US aerospace company on price

Mark Sweney

06, Sep, 2021 @1:32 PM

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Air travel revival elicits recovery signs for aerospace and airlines
GKN owner Melrose reports recovery in car and jet parts while Ryanair passenger numbers are up 50% on August 2020

Gwyn Topham Transport correspondent

02, Sep, 2021 @1:02 PM

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Meggitt sale could net City bankers, lawyers and PRs over £200m
Documents reveal who would benefit from purchase of UK aerospace firm by Parker Hannifin

Rob Davies

16, Aug, 2021 @4:08 PM

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Second US suitor bids for UK aerospace manufacturer Meggitt
Transdigm trump Parker Hannifan’s offer from last week, as low post-Brexit valuations leave UK firms easy prey for foreign acquisition

Jasper Jolly

11, Aug, 2021 @7:17 PM

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Kwarteng mustn’t fall asleep at the controls over Meggitt | Nils Pratley
Takeover by an over-leveraged wannabe private equity crew is not the best outcome for Meggitt

Nils Pratley

11, Aug, 2021 @6:37 PM

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US inflation at 13-year high; Opec+ urged to pump more; Meggitt takeover battle lifts FTSE 250 to new peak – as it happened
Rolling coverage of the latest economic and financial news, as UK mid-cap index hits new peak and blue-chip FTSE 100 closes at 18-month high

Graeme Wearden

11, Aug, 2021 @5:28 PM

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UK air taxi firm Vertical Aerospace to float on New York stock market
Flotation values company at $2.2bn despite the fact its eVTOL aircraft is still to make its first test flight

Gwyn Topham Transport correspondent

11, Jun, 2021 @11:55 AM

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Chancellor says Greensill scandal could ‘damage’ lobbying process – as it happened
MPs question the chancellor, Rishi Sunak, over Greensill Capital’s failure

Kalyeena Makortoff and Graeme Wearden

27, May, 2021 @5:40 PM

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