Reuters
Melrose Industries said GKN Aerospace is targeting Sept. 28 to resume full production at its Garden Grove, California, facility after a May chemical-tank incident. The claims program could cost up to $100 million, while Melrose reported first-half revenue growth of 10% and adjusted operating profit growth of 16%.
GKN Aerospace
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Melrose Industries said GKN Aerospace is targeting Sept. 28 to resume full production at its Garden Grove, California, facility after a May chemical-tank incident. The claims program could cost up to $100 million, while Melrose reported first-half revenue growth of 10% and adjusted operating profit growth of 16%.
The Orange County district attorney ended a criminal investigation into a GKN Aerospace factory after a chemical incident forced more than 50,000 nearby residents from their homes in May. The office announced a claims program that could provide up to $100 million to affected residents.
GKN Aerospace has presented a full-scale mock-up of a new Swedish uncrewed air vehicle, while a clean-sheet turbojet engine intended to power its technology demonstrator has already begun running. The disclosure marks progress on both the vehicle concept and its propulsion system.
Saab displayed a full-scale mock-up of its A3 autonomous combat-aircraft concept, designed to complement Gripen E and other fighters in combat, deep-strike and electronic-warfare missions. The company says the high-end unmanned system could also influence its next crewed combat aircraft, while GKN Aerospace has demonstrated a newly developed Swedish turbojet.
High activity
A late-May incident at GKN Aerospace’s California window factory halted production after an overheating tank prompted fears of an explosion and the evacuation of roughly 50,000 nearby residents. The disruption has reduced window availability for both Boeing and Airbus commercial aircraft supply chains.
High activity
A chemical incident that halted production at a GKN Aerospace plant south of Los Angeles has intensified a global shortage of cockpit and cabin windows. Boeing, airlines and maintenance providers are limiting replacements to essential cases as lead times lengthen and prices rise across multiple aircraft programs.
Melrose Industries expects an additional £25 million-£30 million ($33.6 million-$40.3 million) in costs during the second half of 2026 following a May incident at GKN Aerospace’s Garden Grove, California, facility. The aerospace group also paused its share buyback as it assesses the impact.
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