The company was able to win new contracts, develop more technology and invest more than £50 million in key sites.
With a contract for a large workshare on the new Gulfstream G700 Business Jet, GKN Aerospace was able to confirm its market position in business jet empennages and components.
GKN Aerospace was selected by Aerion Supersonic to be a supplier on the AS2 Supersonic Business Jet. It also further developed new technologies, including a Fan Case Mount Ring, the largest purely additive aerospace part ever produced, which reduces titanium waste and CO2 emissions.
The company continued its strategic expansion in the Asian market, with new facilities in China and India. GKN Aerospace announced a reorganisation around three business lines: Civil Airframes, Defence and Engines.
Hans Büthker, CEO at GKN Aerospace, said: “GKN Aerospace made strong progress in 2019. 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.”