Contract Award and Acquisition

GKN PLC - Contract Award and Acquisition

PR Newswire

London, June 11

The Boeing Company awards GKN Aerospace a long term contract for 737 MAX, 777X, and 787 Dreamliner components and subassemblies

GKN Aerospace has been awarded a contract to supply inlet lip skins for the Boeing 737 MAX and 777X and to assemble the 787 Dreamliner Section 47 floor grid.

In conjunction with the Boeing award, GKN has acquired Sheets Manufacturing Inc. (SMI). SMI is a small privately held metallic spin forming company located in Camarillo, California. It is a technology leader in the manufacture of aircraft engine inlet lip skins with legacy programme positions on the Boeing 747-8 and KC-46 tanker.

GKN will engineer and manufacture the engine inlet aluminum lip skins for Boeing using proprietary processes developed by SMI and enhanced by GKN’s automated industrialisation techniques. The lip skins will be produced at both the current site in Camarillo and a new purpose built manufacturing facility in Orangeburg, South Carolina.

GKN will assemble the Boeing 787 Section 47 floor grid at its assembly facility, also located in Orangeburg. The contract encompasses the floor grid for all three models of the 787 family: the 787-8, 787-9 and 787-10.

Kevin Cummings, Chief Executive Officer, GKN Aerospace said: “GKN is proud to have been selected to supply the 737 MAX and 777X inlet lip skins and 787 Section 47 floor grids. This contract award is a clear reflection of our strong commitment to the application of industry leading technologies in partnership with Boeing Commercial Airplanes.”

Further Enquiries

Analysts/Investors:

Guy Stainer, Investor Relations Director, GKN plcT: +44 (0)207 463 2382M: +44 (0)7739 778187E: [email protected]

Media:

Chris Fox, Group Communications Director, GKN plcT: +44 (0)1527 533238M: +44 (0)7920 540051E: [email protected]

Andrew Lorenz, FTI ConsultingT: +44 (0)203 727 1323M: +44 (0)7775 641807