AIRSHOW-GKN wins $600 mln engine deals, A350 contract

FARNBOROUGH, England, July 19 (BestGrowthStock) – British airplane
parts maker GKN (GKN.L: ) has won contracts to make components
for Rolls-Royce (RR.L: ) and General Electric (GE.N: ) aircraft
engines and parts for Airbus’ new 350 XWB plane.

Under a deal worth $300 million to GKN, the company will
make tail bearings for Rolls’ Trent 700 and 1000 model engines
at its El Cajon facility in California until 2020.

GKN also said it had signed a five-year deal worth $300
million with GE Aviation to supply aluminum and titanium
components for a range of commercial and military aircraft
engines.

The company added that it won two contracts to make
composite parts for the landing flaps of the wings for EADS
(EAD.PA: )-owned Airbus’ new wide-body A350 XWB plane.

GKN, which declined to give a value for the Airbus deal,
said it would deliver the first components for the XWB’s
developmental flaps in early 2011.
(Reporting by Rhys Jones; Editing by Steve Orlofsky)

AIRSHOW-GKN wins $600 mln engine deals, A350 contract