Melrose Industries, parent company of GKN Aerospace, posted 11% annual revenue growth in 2024 on the back ofdemand for its engines and aftermarket businesses.
GKN Aerospace is transitioning to a new, purpose-built engine parts repair facility in San Diego to meet increasing demand and expand its capabilities.
A GKN Aerospace-led project to develop and test a 2-megawatt cryogenic hybrid-electric propulsion system is one of five to be backed by UK government funding.
GKN Aerospace is nearing critical milestones in its H2Gear hydrogen-electric powertrain research and technology project after overcoming supply chain issues.
A consortium of UK and European companies have called on the British government to provide additional funding towards making the hydrogen fuel plan a reality.