MRO business growth maintained through 2006

10/24/2006 8:00 AM
Aerospace - Aftermarket

See us at MRO Europe - Amsterdam 24 - 26 October, 2006, stand 728

GKN Aerospace has continued its strategic drive to become a global MRO provider and achieved strong growth across its aero-engine support, aircraft transparencies repair and replacement, and composite and metallic component repair businesses.

Frank Bamford, Senior Vice President, Business Development and Strategy, comments: "We have worldwide sales today of over $1bn of which 15% is derived from our aftermarket business. We are seeing this begin to grow in key areas and expect our 2006/7 figures to demonstrate this. We are working with both our OEM and airline customers to ensure the highest level of service provision across the board."

In aero-engine support, 2006 has seen 6 new contracts achieved and an expected business growth of 15% over 2005 figures. These contracts have been won supporting Tinker Air Force Base, and the F-100 engine for the F-15 and F-16 aircraft. Just one of these contracts is worth over $24m alone.

The fan blade repair business in El Cajon California is planning for greater capacity and is extending its facilities to cater for its continued business success. In the commercial sector, the Company has won significant levels of new business, in particular on the CFM56 range of engines. In addition, new military business has been won on the F118 and F110 engines and the Company anticipates further military business gains during the remainder of this year.

The Company's centralised Transparency Service Centres have secured increased long term airline business by offering customers a single point of contact and by providing strategic parts stocking to support both airlines and MRO demand. The first long term contracts, covering flight deck windows, were awarded earlier this year by Northwest Airlines and American Airlines. Strategic stocking of parts is enabling internal airline inventories to be reduced, bringing critical cost and efficiency benefits to the operators.

The new radome test range, at Fort Worth, Texas is providing customers with a comprehensive service which includes testing each radome for radar transmission efficiency after manufacture or repair. The facility is able to test every type of aircraft radome, from corporate and regional to large commercial and military aircraft and is already approved by the FAA to test an array of regional and commercial aircraft radomes. The facility has recently added the Boeing 737 all series radome repairs and testing to its operations specification.

GKN Aerospace also achieved valuable growth in the maintenance and repair of composite and metallic assemblies. With a specialisation in advanced composite and bonded structure repair, and a wealth of composite structure experience, the latest addition to this ever-growing business is the all series component repairs for the Airbus A300, 310, A300-600, A318, A319, A320, A321, A330 and A340.

These repairs include flight control surfaces, radomes, gear doors, access covers and doors, interior components, slats and other non-structural components.

Bamford concludes: "We are working to a clear and focused strategic plan to support our OEM customers and the aircraft operators by offering a level of MRO support that is unmatched elsewhere. This strategy is beginning to see significant results and we must now maintain our drive and commitment if we are to sustain that growth."