25-Oct-2010 4:07 PM
MTU Aero Engines, GKN Aerospace post strong gains – Supplier Share Wrap
Analysis
Shares in German engine manufacturer MTU Aero Engines gained 2.9% in trading on Friday, while UK aerospace and automotive parts supplier GKN Aerospace gained 2.0%. GKN reported a 21% increase in revenue for the three months to 30-Sep-2010, while operating profit increased 92% to GBP100 million. The company reaffirmed its positive outlook for the final quarter of 2010 and forecast an improving 2011, as aerospace markets continue to return.
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