GKN Aerospace owner Melrose posts four-month revenue rise on aftermarket strength
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Melrose Industries reported a 14% revenue increase for the four months to October 31, driven by strong aftermarket demand and engine division performance. Geopolitical tensions have boosted defense spending, benefiting Melrose. The U.S.-UK trade agreement removing import duties on UK-made aerospace components has also aided the company. Melrose maintains its full-year guidance for adjusted operating profit and free cash flow.
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