Meggitt Plc has roots leading back to 1850 when two Italians set up an aviation instruments business called Negretti & Zambra in the United Kingdom. The company is credited with the creation of the first altimeter. The year 1947 marks the time Meggitt Plc was officially founded under the name Meggitt Holdings Public Limited Company. Meggitt has grown mainly through the acquisition of rivals and upcoming businesses. It is part of the London Stock Exchange since 1947, where it trades under MGGT as the ticker symbol. Additionally, the company is part of the FTSE 100 component.
Primarily, Meggitt is an engineering company serving customers in the aerospace and defense industries. It manufactures aircraft components through four business segments. They include Airframe Systems, Services & Support, Energy & Equipment, and Engine Systems. Additionally, the company provides products for the automotive industry and civilian aircraft manufacturers. Meggitt has its head office in Bournemouth International Airport, Christchurch Dorset, the United Kingdom.