GKN Aerospace has reported 2019 revenues of £3,852 million, up from £3,534 million in 2018.
Sales were up 7% and operating margin up 10.6% from 9.9% in 2018, the company said.
During the year, GKN Aerospace received a contract for a large workshare on the Gulfstream G700 Business Jet, including design and manufacture of empennage and floorboards and production of fuselage panels, while Aerion Supersonic selected the company as a supplier on the AS2 supersonic business jet. GKN Aerospace will design the empennage and the electrical wiring and interconnection systems (EWIS).
The company also developed its additive manufacturing position within Civil Airframes and Defence Airframes, winning roles on collaborative R&D programs DAM and AIRLIFT in the UK and announcing a new additive pilot production cell at Oak Ridge National Laboratory in the US.
‘GKN Aerospace made strong progress in 2019,’ said Hans Büthker, CEO at GKN Aerospace. 'We achieved better than expected operational and financial results, capitalising on a good mix of commercial and defense programs, and operational improvements. […] Our technology leadership in composites, additive manufacturing and electrification offers significant opportunities to play a leading role in the reduction of carbon emission of the aerospace industry and we will continue to work on the roll-out of our sustainability strategy in 2020 as we continue to shape the future of flight.’
This story uses material from GKN, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
