A drone picture shows a GKN Aerospace building, the site of a chemical incident involving a failing tank of flammable liquid called methyl methacrylate, used in the aerospace industry, which has forced an evacuation in the surrounding area in Garden Grove, California, U.S. May, 22, 2026. Caroline Brehman
A drone picture shows a GKN Aerospace building, the site of a chemical incident involving a failing tank of flammable liquid called methyl methacrylate, used in the aerospace industry, which has forced an evacuation in the surrounding area in Garden Grove, California, U.S. May, 22, 2026. Caroline Brehman

GKN Aerospace owner Melrose warns of cost hit from plant incident, pauses buyback

July 31st, 2026 | 07:00 AM BUSINESS Aerospace & Defense 1

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By Reuters

GKN Aerospace owner Melrose Industries (MRON.L) on Friday said it expects additional costs of £25 ​million to £30 million ($33.6 million to $40.3 million) in ‌the second half of 2026 after an incident at its Garden Grove facility in California in ​May.

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($1 = 0.7436 pounds)

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