Melrose reported 10% revenue growth in H1 2026
Adjusted operating profit rose 16% to £347 million, but a chemical tank incident at Garden Grove reduced revenue by £16 million and profit by £9 million.
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Global aerospace and defence technology company
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In short: Melrose reported revenue growth but faced a $100 million compensation scheme after a toxic chemical leak at its California plant.
Adjusted operating profit rose 16% to £347 million, but a chemical tank incident at Garden Grove reduced revenue by £16 million and profit by £9 million.
The awards cover repairs for the GTF engine at multiple GKN Aerospace facilities worldwide.
The project, supported by the Norwegian Defence Materiel Agency, aims to produce a large-scale AM demonstrator for F135 engine cases by 2027 and certification by 2028.
The £54M programme advanced hydrogen-electric flight technologies, establishing UK capability in cryogenic engineering and hydrogen systems integration.
London-listed Melrose Industries has launched a $100mn compensation scheme after a toxic chemical scare at a plant in California forced the evacuation of residents and...
Shares of Melrose Industries rose 8% on Tuesday after the GKN Aerospace owner said it was targeting September 28 to resume full production at its...
(Alliance News) - Melrose Industries PLC on Friday reported a sharp fall in statutory first-half profit after being hit by foreign exchange losses and costs...
GKN Aerospace owner Melrose Industries on Friday said it expects additional costs of £25 million to...
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