Aerospace and Defense
Company Overview of GKN Aerospace Sweden AB
GKN Aerospace Sweden AB develops and produces components for aircraft, rocket, and gas turbine engines. It offers engine components, including commercial and military engines, and aero derivatives; aircraft engines; and space propulsion sub-systems, such as rocket nozzles and turbines. The company also offers spare parts for aircraft engines; maintenance, repair, and overhaul of aircraft engines and gas turbines, and industrial gas turbine engines. In addition, it offers fan/compressor structures, turbine structures, compressor rotors, shafts, combustor structures, vanes, and low pressure turbine cases. Further, the company offers leasing and financing services. GKN Aerospace Sweden AB was f...
Trollhättan, 461 81
Founded in 1930
46 52 09 40 00
46 8 55 50 56 78
Key Executives for GKN Aerospace Sweden AB
President, Managing Director and Member of Group Executive Committee
Chief Financial Officer,Head of Corporate Finance and Vice president
Chief Executive Officer of Engine Systems
Chief Executive Officer of GKN Aerospace and Land Systems
Chairman, Chairman of Volvo Buses, Chairman of Volvo Penta and President of Volvo Bus Corporation
Compensation as of Fiscal Year 2014.
GKN Aerospace Sweden AB Key Developments
GKN Aerospace Signs LTA with Rolls-Royce plc to Supply Components for Trent 1000 Engine
Jan 23 15
GKN Aerospace announced that it has signed a long term agreement, or LTA, with Rolls-Royce plc to supply components for the new version of the Trent 1000 engine, a capability enhancement of the existing Trent 1000 engine for the Boeing 787. This LTA is estimated to be worth more than USD 200 million over the life of the agreement. The agreement gives GKN Aerospace responsibility for the supply of the outer guide vane (OGV) mount ring and the rear fan case for the engine. When in full production GKN Aerospace expects to supply up to 150 engine sets annually.
GKN Aerospace Announces Unaudited Earnings Results for the Six Months Ended June 30, 2014; Provides Sales Guidance for 2014
Jul 29 14
GKN Aerospace announced unaudited earnings results for the six months ended June 30, 2014. For the six months, the company announced sales of GBP 1,100 million compared to GBP 1,123 million for the same period a year ago. Trading profit was GBP 121 million compared to GBP 118 million for the same period a year ago. Other factors included improved commercial spares sales and higher volumes on new programmes offset by lower military sales on mature programmes. The impact from currency on translation of results was GBP 6 million adverse and there was a GBP 2 million benefit from the absence of costs following the disposal of GKN Aerospace's stake in the CTAL joint venture. Return on average invested capital was 16.8% against 20.1% a year ago.
The company's 2014 organic sales are expected to show modest growth, reflecting these conflicting trends.
GKN Aerospace Engine Systems Reports Earnings Results for the Year Ended Dec. 31, 2013
Feb 25 14
GKN Aerospace Engine Systems reported earnings results for the year ended Dec. 31, 2013. The full year sales of GKN Aerospace Engine Systems was £656 million, slightly lower than originally expected due to softer spares demand. The company generated a trading profit of £92 million (including release of a £4 million underspent severance accrual), and trading margin of 14.0% (13.4%, excluding this release), fully meeting expectations for synergies and operational improvements.
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