Melrose Industries Reports Strong Q4 Growth

Melrose Industries, a leading aerospace manufacturer, reported robust financial growth, with a 14% revenue increase over the past four months. The Engines division led the charge, with a 28% revenue surge, driven by a 35% rise in original equipment sales for engine parts used in both narrow and wide-body aircraft. The aftermarket segment also saw a 22% growth, while the Structures division improved by 5%. The Defense segment contributed to the positive momentum with increased spending and effective strategies. Melrose confirmed its full-year financial guidance, expecting revenue between £3.425 billion and £3.575 billion, with an adjusted operating profit between £620 million and £650 million.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.