Seal Dynamics and Meggitt PLC expand strategic partnership
HAUPPAUGE, NY, April 11, 2019 – Seal Dynamics, a subsidiary of HEICO (NYSE: HEI) (NYSE: HEI.A) has signed an agreement to expand their relationship with Meggitt PLC with an estimated value of $52M over the first three years. Under the agreement Seal Dynamics will distribute and develop new sealing system products to support OEM and aftermarket customers worldwide.
David Susser, Seal Dynamics President and CEO commented “Our relationship with Meggitt has been consistently expanding for decades. This new agreement is a perfect example of our value proposition by providing world class customer support and at the same time developing new opportunities with our strategic partners.”
“We are delighted that Seal Dynamics continues to put their trust in Meggitt”, says Adrian Plevin, Senior Vice President Sales and Marketing for Meggitt Services & Support. “With this contract, Seal Dynamics joins a long list of our customers who have recently signed up to our SMARTSupport TM programme, allowing them to create an aftermarket care solution tailored to their own specific business needs.”
About Seal Dynamics:
Seal Dynamics, (a HEICO Company) founded in 1976, with its corporate headquarters based in Hauppauge, NY, and with offices in the UK, Singapore, Dubai and Florida, is the world’s largest independent distributor of aerospace components.
Seal Dynamics’ current product portfolio includes structural, mechanical and electro-mechanical products associated with both airframe and engine applications across all ATA Chapters. Seal Dynamics stocks and distributes in excess of 100,000 products globally in support of its customers. For more information about Seal Dynamics, visit www.sealdynamics.com
About Meggitt PLC:
Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs more than 11,000 people at over 40 manufacturing facilities and regional offices worldwide.
About Meggitt Services & Support:
Meggitt Services & Support is focused on providing a single point of contact for Meggitt’s global aftermarket customers, capable of supplying just in time, reliable quality product across the Meggitt aviation portfolio. With three regional hubs and over 500 employees, Services & Support is dedicated to keeping Meggitt’s global customers airborne and operational, offering full service lifecycle solutions. For more information please visit www.mymeggittsupport.com.
For further information, please contact:
HEICO and Seal Dynamics Media Contact:
Alex de Gunten
Tel: + 1 (954) 744-7524
Meggit Media Contact:
Tel: +44 (0) 7395 788 748