Meggitt Signs $50 Million Global Engineering Transformation Services Agreement With HCL

NOIDA - HCL Technologies Ltd. (HCL) today announced that Meggitt, an international group specializing in aerospace equipment, high performance sensors, defense training and combat systems, has selected HCL Technologies' Engineering and R&D Services (HCL ERS) division to provide engineering services for its global operations. After a stringent multi-vendor review which ran for several months, HCL was selected based on its understanding of Meggitt's business challenges and proven track record of partnering with large aerospace and manufacturing companies on highly complex engineering development programs.

"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.

Bernie Stevens, Meggitt's Group Head of Engineering Transformation, added, "Meggitt is focusing on in-house engineering that is creative and innovative, developing systems and technologies that our customers want and that will drive the growth of the group for many years to come. Where we can, we will outsource routine engineering activities that do not form the core of what Meggitt does best. That is where HCL comes in."

Recognized by industry analysts and others for its leadership in the engineering services market, HCL ERS has emerged as the leading engineering services vendor in the U.S. and Europe. Boasting the largest aerospace customer footprint among all Indian service providers, HCL's commitment to addressing engineering and operational challenges enables the company to address each customer's specialized pain points and provide an individualized solution.

"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 & 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."