Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Update on GKN Aerospace's Garden Grove Facility

13th Oct 2026 09:38

RNS Number : 7394Y
Melrose Industries PLC
13 October 2026
 

13 October 2026

 

MELROSE INDUSTRIES PLC

 

Update on GKN Aerospace’s Garden Grove facility in California

 

Further to the announcement on 25 August 2026, we are providing an update on developments relating to GKN Aerospace (‘GKN’) Garden Grove facility.

 

Civil investigation

 

In recent weeks, GKN has continued to work closely with the Orange County District Attorney’s Office (OCDAO) to resolve their civil investigation. On 12 October the OCDAO filed in court the necessary documentation to initiate the process of resolving the civil investigation which included:

 

an agreed upon final judgment resolving the OCDAO’s investigation; the operational safety plan;details of the previously announced up to $100 million claims programme for eligible residents and businesses; andconfirmation of civil enforcement penalties amounting to $15 million and claims received to date by emergency services and relevant authorities of $10 million

 

The settlement is contingent upon court approval. The claims programme is expected to open within days of court approval.

 

Separately, we are engaged in ongoing mediation discussions regarding the various pending civil class action lawsuits.

 

Resumption of full operations at the facility

 

Working alongside regulators, local authorities and other relevant stakeholders, GKN has made significant progress preparing the facility to resume full operations. Subject to obtaining approval from the relevant authorities, GKN continues to expect a phased return to full capacity during the fourth quarter.

 

As previously announced, our associated insurance position remains under review.

 

Our trading update for the four-month period from 1 July to 31 October will be released on Wednesday 18 November 2026.

 

 

Enquiries:

 

Investor Relations:

Mat Wootton   

+44 (0) 7483 961 233, [email protected]

 

 

Media:

Simon Sporborg, Tom Pigott / Brunswick:

+44 (0) 207 404 5959, [email protected]

 

About Garden Grove

 

The Garden Grove facility in California, operated by GKN Aerospace Transparency Systems, Inc.,  designs, manufactures and provides aftermarket support for advanced military and commercial transparencies employing around 500 people. For financial year 2025, sales generated by the site were £136 million.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDVXLBFQBLXFBQ

Related Shares:

Melrose
FTSE 100 Latest
Value10,657.20
Change6.87