Meggitt sees 2020 growth constrained by 737 MAX difficulties, coronavirus impact

British engineering company Meggitt warned that its growth in 2020 would be constrained by the impact of the halt to production of Boeing's 737 MAX aircraft, combined with the disruption caused by a coronavirus.

The company said that organic revenue growth in 2020 would come in at between 2% to 4%. That compared with the 8% rise in organic revenue growth for 2019 which is posted on Tuesday, helping drive underlying operating profit up by 10% to 402.8 million pounds ($522.19 million). ($1 = 0.7714 pounds)