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GKN [UK] |
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World ranking: 18 GKN plc, PO Box 55, Redditch, Worcesterschire B98 OTL BACKGROUND GKN is 'a global engineering company' with operations in more than 30 countries. Its activities are divided into Automotive and Aerospace businesses. The Aerospace business is comprised of the helicopter manufacturer AgustaWestland, a joint venture with Finmeccanica of Italy, and Aerospace Services, a designer and manufacturer of various propulsion systems such as fighter ducts and turbofan cases.3 In 1998, GKN sold its armoured vehicle division to Alvis Vehicles, retaining a 29.9% stake in Alvis plc and a seat on the board. On August 22nd 2003, GKN sold its stake in Alvis plc to BAE Systems for £73m in cash. Some 80% of the revenues of Aerospace Services and AgustaWestland are military-related'.4 As the GKN 2002 Annual Report states, 'this focus on defence is a significant strength, particularly during the current downturn in civil aerospace.' Aerospace Services Aerospace Services supplies airframe, engine and other components to manufacturers including Boeing, Airbus, Sikorsky, Pratt & Whitney, Rolls-Royce and Lockheed Martin. It is a supplier for aircraft including the Joint Strike Fighter, Eurofighter, SAAB Gripen, F/A-22 Raptor and F/A-18E/F Super Hornet fighters; C17 Globemaster 111 and C130J Hercules transporters; and the Comanche helicopter.5 Agusta Westland In 2000, GKN signed an agreement with Finmeccanica SpA to merge the two companies' helicopter divisions in a 50:50 joint venture. The resulting entity, AgustaWestland, operates out of Yeovil in the UK (GKN Westland Helicopters) and Cascina Costa in Italy (Agusta). 6 Westland brought to the partnership Lynx helicopters and a contract for the produc-tion of 67 WAH-64 Apache attack helicopters for the UK armed forces (produced under licence from Boeing). Agusta brought with it utility and attack helicopters and a relation-ship with US Bell helicopters. GKN claims that, 'on the basis of reported revenues, AgustaWestland is the world's No.1 helicopter manufacturer.' 7 At the heart of the joint venture is the EH101 medium-lift military helicopter, in service in Canada, Italy, Japan and the UK. 8 In July 2002, AgustaWestland and Lockheed Martin announced that they had signed a ten-year definitive agree-ment to jointly market, produce and support a US version of the EH101 for three 'key markets', estimated to represent a requirement of 200 aircraft over ten years. 9AgustaWestland also has a 32% share of the NH-90 helicopter programme, partnering Eurocopter and Fokker. AgustaWestland Exports AgustaWestland has delivered over 7,000 helicopters to more than 80 countries. 10 400 Lynx helicopters have been sold to the armed forces of 11 countries, with the latest Lynx variant, the Super Lynx 300, having been purchased by Oman, Thailand and South Africa. Though no longer in pro-duction by Westland, the Sea King helicopter has been exported to Australia, Egypt, Germany, India, Norway, Pakistan and Qatar, and the Wasp has been sold to Indonesia and New Zealand. The AB412 military utility heli-copter, one of a long line of helicopters produced by Agusta under licence from Bell, is in service in Bahrain, Ghana, Italy, Lesotho, Sweden, UAE, Uganda and Zimbabwe. In early 2002 AgustaWestland signed a deal with Denel of South Africa for the licensed production of the A109 heli-copter. Denel will be allowed to market and sell the A109 to specified markets in Africa, South East Asia and the Middle East.11
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References |
1 GKN plc Annual Report 2002. Includes subsidiaries and joint ventures |
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