QuickView: Auto fright or aero flight
GKN continues to grow its aerospace portfolio, providing a cyclical differential to the automotive activities. The knee-jerk reactions to recent events (China, VW) suggest that the market continues to fret about GKN’s ability to manage automotive demand falls and destocking. However, the track record from the 2009/10 auto downturn also suggests the company should be better positioned to trade through market disruptions.GKN plc is a global engineering company. The Company is engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services. The GKN Powder Metallurgy segment is a manufacturer of sintered components and a producer of metal powder. The GKN Land Systems segment is a supplier of power management products and services. It designs, manufactures and supplies products and services for the agricultural, construction and utility vehicle markets and industrial segments.
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