Hints and tips:
...It was different to the 1960s when the US launched its Saturn V rockets within six years as it raced to put a man on the Moon....
...Management talks of “some early signs of recovery in certain geographies, although GKN Aerospace will continue to experience market uncertainty,” adding: “We also expect that 2021, and beyond, are likely...
...The update came with a profit warning from the GKN owner, which blamed a significant deterioration since mid-March as aerospace business dropped off and Powder Metallurgy factories outside of Japan and China...
...Based on 2020 BARC demand assumptions for Aerospace OE & Aftermarket alongside global Automotive production estimates,we now forecast GKN revenue declining -25% organically in 2020....
...Lex argues that shareholders in GKN, the UK parts maker, should accept the £7.8bn hostile offer from turnround group Melrose. With Brexit coming, the UK needs to remain open for business....
...The statement said: In light of the issues communicated earlier in relation to Alabama, a review of working capital has been initiated across other Aerospace plants in North America....
...capital in the division’s Alabama plant was ongoing....
...Vulcan Value Partners, the Alabama-based asset manager that GKN says holds roughly 4 per cent of its shares, has told the Financial Times that while the transformation and demerger plans unveiled by the...
...GKN announced one £15m writedown related to a facility in Alabama, and said it expects to take a further “significant non cash-impairment charge” related to the US business....
...Uncertainty over GKN’s aerospace accounting, while its automotive division performs well, will only bring back another blast from the past: calls to split the business in two. Who gets Mail?...
...Mr Stein also laid out the problems in the company’s Alabama plant, employing about 800 people....
...Made from three boosters of the Falcon 9 launch vehicle strapped together, it would be the biggest rocket to make it to space since the final launch of Nasa’s monster Saturn V in 1973....
...An irresistible combination of the media, politicians and aerospace industry forced the US administration’s hand....
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