GKN Aerospace has delivered a strong performance in 2019, with sales up 7% and operating margin up to 10.6% (from 9.9% in 2018), coupled with new contract wins, breakthrough technology developments and more than £50 million invested in key sites.
During the year, GKN Aerospace has signed a contract for a large workshare on the all-new Gulfstream G700 Business Jet, including design and manufacture of empennage and floorboards and production of fuselage panels. In addition, Aerion Supersonic selected GKN Aerospace as a supplier on the AS2 supersonic business jet. GKN Aerospace will design the empennage and the electrical wiring and interconnection systems (EWIS).
GKN Aerospace continued its strategic expansion in the growing Asian market, announcing a new facility in China and starting production in its new wiring site in Pune, India. Over £50 million was committed to new investment productivity across key European and U.S. facilities, including Cowes, Luton and Portsmouth in the U.K., and Garden Grove in the U.S. (£1.00 = US$1.31 at time of publication.)
