HCL Tech bags Rs 231.5 cr deal from Meggitt

NOIDA, INDIA: Engineering and IT services provider HCL Technologies today said it has won a US$ 50 million (around Rs 231.5 crore) contract from Meggitt, an international group specializing in aerospace equipment, high performance sensors, defense training and combat systems.

Meggitt has selected HCL Technologies’ Engineering and R&D Services division to provide engineering services for its global operations, the IT services provider said in a filing to the Bombay Stock Exchange.

“This strategic initiative will help us respond to the current economic environment while successfully positioning us for future growth,” said Terry Twigger, Meggitt’s chief executive.

“With more than three decades of experience helping large corporations address complex engineering environments, HCL integrates the right capabilities and business models to ensure organizations such as Meggitt establish a competitive advantage,” said Sandeep Kishore, senior VP and global head of sales and practice, HCL ERS.

“HCL’s alignment to the key business imperatives of Meggitt and synergy with business objectives proved to be the biggest differentiators during the evaluation process and culminated in this strategic win,” he added.

Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia, known for its specialised extreme environment engineering. Meggitt is a world leader in civil and military aerospace equipment, sensing systems, combat support and defence systems training, the release added.