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Re: MGGT Stream Log
10:55 28/04/2015
njs73
0 replies 0 0

Defence sector on the mend Aerospace giant Meggitt’s (LSE: MGGT) full-year results today underlined the difficulties seen in critical defence markets in recent times. The business saw revenues slip 5% during 2014, to £1.5bn, a result that saw pre-tax profit slump 13% to £328.7m. Still, Meggitt’s release underlined the recovery in arms demand, with military sales coming in flat for the second half but marking a terrific improvement from the 13% decline punched during the previous six months. Indeed, the firm noted that defence…

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