Sales surge as GKN defies downturn
GKN Aerospace has surfed into the Farnborough airshow on a wave of more than $1.5 billion worth of development and production contracts signed in recent mo
GKN Aerospace has surfed into the Farnborough airshow on a wave of more than $1.5 billion worth of development and production contracts signed in recent months. The UK-based group says the new business will take it well “into the next decade and beyond.”
In February and March, GKN signed deals worth a total of $300 million for composite winglets for the Bombardier C Series regional jet and for components for the Lockheed Martin F-35 Lightning Joint Strike Fighter. This was followed by two 10-year long-term agreements (LTAs) with Rolls-Royce and Pratt & Whitney, respectively; a five-year LTA with GE Aviation; and a “life of program” contract with Airbus on the A350XWB. The specific values of these deals were not disclosed.
