GKN AEROSPACE REVIEW con nued
Sales by customer 1
Kevin Cummings Chief Executive GKN Aerospace
aerpspace sales by cusp18
aerpspace % Airbus: sales by cusp18 Honeywell: % sales by Unitedmarket p18 Spirit: % Technologies: % Rolls-Royce: % GE: % Lockheed: % aerpspace sales by cusp18 Boeing: % Other: % Snecma: %
1 Excludes Fokker
Sales by market
sales by market p18 sales by product p18 sales by market p18
The overall aerospace market remained positive in 2015 driven by a growing commercial aircra market partly o set by a declining military market. The division’s commercial sales were 75%, with military representing 25%. In commercial, both Airbus and Boeing continued to bene t from higher deliveries and a record order backlog, and both have announced plans to increase production levels for single aisle aircra in the future.
The short-term outlook for wide-body aircra is mixed, with A330 and Boeing 777 rate reductions projected in advance of their next generation successors, while the A350 continues to ramp-up to full rate production. Military sales are projected to decline in the short term with this sector stabilising over the mid-term as the F-35 continues to ramp up its production rate. Overall, GKN Aerospace’s organic sales were £49 million higher (2%). There was a £111 million (5%) bene t from currency translation and sales from acquisitions amounted to £114 million (5%).
Commercial: % Military: % sales by product p18
Sales by product
sales by product p18
GKN base Fokker related Total Headline Organic
Aerostructures: % Engine components and sub-systems: % Special products: % Services: %
Sales ( m) Trading pro t ( m) Trading margin (%) Return on average invested capital (%)
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GKN plc Annual Report and Accounts