As we’ve been reading so many negative stories lately regarding the aerospace & travel industry, we were delighted to read that for one of the leading aerospace hubs in the country it is celebration all-round. The Filton Airbus factory has been sold for £136 million to engineering firm GKN.
GKN has committed to invest £125 million in the plant, which makes wing components for the Airbus, over the next decade.
Andrew Blackwell, of Darchem Insulation Systems, Gloucester said: "The deal is giving the South West some stability. It is a bit of a statement. We believe the acquisition should be welcomed. It is positive and important for the UK aerospace industry in a period when a lot of industries are dying in the UK. The aerospace industry sticks out like a beacon. To retain some of these core composites in the UK is great. It is brilliant news."
The Filton factory is a manufacturing and assembly specialist for wing components for the full range of Airbus aircraft including the A320, A330/340, A380 and A400M and is expected to be heavily involved in the new generation A350 XWB.
GKN has committed to invest £125 million in the plant, which makes wing components for the Airbus, over the next decade.
Andrew Blackwell, of Darchem Insulation Systems, Gloucester said: "The deal is giving the South West some stability. It is a bit of a statement. We believe the acquisition should be welcomed. It is positive and important for the UK aerospace industry in a period when a lot of industries are dying in the UK. The aerospace industry sticks out like a beacon. To retain some of these core composites in the UK is great. It is brilliant news."
The Filton factory is a manufacturing and assembly specialist for wing components for the full range of Airbus aircraft including the A320, A330/340, A380 and A400M and is expected to be heavily involved in the new generation A350 XWB.
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