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Article: United Kingdom: New [pounds sterling]50m sweetener for GKN in Airbus deal.

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TendersInfo
Article date:
September 16, 2008
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Byline: kusumv03

Engineering group GKN is in line for a second government "sweetener" tied to the [pounds sterling]136m takeover of part of the Airbus complex at Filton, near Bristol.

The Government has already promised a [pounds sterling]60m repayable investment towards the [pounds sterling]125m GKN intends to invest in developing aircraft wing technology at the plant and yesterday John Hutton, the Business Secretary, announced the provision of an extra [pounds sterling]50m for research and development to bolster Britains position as a leading wing supplier.

The funding will be used to support a number of Airbus projects but GKN is expected to ...

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