Aerospace & Defence
Melrose Industries is a pure-play aerospace group built around Engines and Structures businesses inherited from GKN Aerospace. It supplies major aircraft and engine manufacturers with components and long-duration aftermarket exposure.
Aircraft engine structures and components, engine repair and aftermarket participation, airframe structures, electrical wiring and specialist aerospace manufacturing and engineering.
Global civil and defence aerospace markets, supplying major aircraft and engine manufacturers including leading Western aerospace programmes.
Aircraft production rates, engine flying hours, aftermarket revenue, risk-and-revenue-sharing partnerships, operational improvement, aerospace pricing and conversion of long programme lives into cash flow.
Aircraft programme delays, supply-chain disruption, quality or manufacturing incidents, customer concentration, aerospace-cycle downturns, cost inflation and uncertainty around long-duration programme assumptions.
31 July 2026: first-half revenue rose 10% to £1.87bn and adjusted operating profit increased 16% to £347m. Melrose paused its current £175m buyback while assessing a Garden Grove manufacturing incident expected to affect second-half profit by roughly £25m-£30m.
Pays interim and final dividends. The 2025 final dividend was 4.8p and was paid on 5 May 2026. The 2026 interim dividend is 2.7p, up 13%; investors should check the final timetable for its ex-dividend and payment dates.
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