GKN Aerospace has boosted its commitment to sustainable manufacturing, with a £50 million (600 million SEK) investment in additive fabrication technology in Trollhättan, Sweden. GKN Aerospace has been at the forefront of additive fabrication for almost two decades, and has significant research and technology centers in Sweden, the UK and the US.
The Timken Company has closed the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures, LLC. Terms were not disclosed. ADS is a supplier of drive system components and sub-assemblies for military and civil rotorcraft applications. ADS revenue is expected to be around $50 million in 2022.