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BUSINESS NEWS

14 Jul 08. GKN Aerospace 2007/8 business wins exceed USD2.5bn – All 2007 growth targets met or exceeded. In the 18 months since the beginning of 2007 GKN Aerospace gained new business with a value over USD2.5bn. By the end of 2007 the Company had reached its 5 year target declared in 2002, of doubling turnover to exceed USD2bn. The GKN Aerospace long term business plan focuses around its three core business areas. Aerostructures represents just over 55% of the total business with propulsion systems at 27%. The remaining 18% covers a number of specialist product areas and includes: transparencies, where the Company has a global lead in both military and civil sectors; electro-thermal ice protection, where GKN Aerospace is pioneering the systems technology; and emergency flotation and flexible fuel systems, both areas where the Company has a market lead and has introduced major new technological innovations this year.

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