GKN Aerospace has agreed the sale of its Portsmouth, UK facility

GKN Aerospace has agreed the sale of its Portsmouth, UK facility, along with its smaller sister site in the USA, to TransDigm Group.

The sites manufacture a range of complex aerospace products, predominantly helicopter fuel tanks and flotation systems. While these are industry-leading technologies, they are not core for the GKN Aerospace business, which is focused on Engines and Structures competencies.

TransDigm Group is a strategic buyer for the sites and we look forward to seeing the long-term success of the facilities under their ownership. We wish everyone at both sites well for the future.