Executive Summary
GKN Aerospace generated £3.47 billion in revenue for 2024, representing an 11% year-over-year growth driven by strong aftermarket demand and engine production ramp-up
The company is aggressively expanding its additive manufacturing capabilities with major investments in the U.S., Sweden, and Norway, positioning itself as the industry leader in 3D-printed aerospace components
Strategic partnerships with Anduril UK and other defense technology firms are expanding GKN’s presence in the rapidly growing unmanned aerial vehicle sector
Parent company Melrose Industries projects revenue of £3.55-3.70 billion for 2025, with ambitious five-year targets reaching approximately £5 billion by 2029
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Company Profile
GKN Aerospace stands as one of the world’s most established aerospace suppliers, with roots extending back to the Industrial Revolution.
The company operates 32 manufacturing locations across 12 countries, employing approximately 16,000 people globally. Its largest single facility houses around 2,100 employees.
Metric | Value |
|---|---|
2024 Revenue | £3.47 billion ($4.3 billion) |
Global Workforce | 16,000 employees |
Manufacturing Locations | 32 facilities in 12 countries |
Parent Company | Melrose Industries PLC |
Products/Services | Airframe structures, engine systems, landing gear, electrical interconnection systems, transparencies, aftermarket services |
Daily Impact | Components on board 100,000+ flights per day |
The company’s business model focuses on design, manufacturing, and integration of complex aerospace systems.
GKN Aerospace maintains a unique position as both an original equipment manufacturer (OEM) partner and a tier-one supplier to major aircraft and engine manufacturers worldwide.
Revenue Performance and Growth Drivers
GKN Aerospace’s financial performance in 2024 demonstrated robust recovery and expansion across its business segments.
The company’s revenue increased 11% year-over-year, reaching £3.47 billion. This growth was primarily driven by two key divisions: Engines and Structures.
The Engines division posted exceptional performance with £1.46 billion in revenue, representing a 26% increase. This division benefits from several long-term programs with major engine manufacturers including Pratt & Whitney, CFM International, and Rolls-Royce.
The Structures division generated £2.01 billion, reflecting a more modest 3% growth. This segment supplies aerostructures to aircraft manufacturers and benefits from increasing production rates at Boeing and Airbus.