Article: GKN to buy Filton plant from Airbus

GKN has beaten its American rival Spirit AeroSystems to win the auction for part of the massive aircraft wing facility in Filton being sold by Airbus.

EADS, parent of Airbus, said yesterday that GKN has been given preferred-bidder status for the site, along with Latecore in France and MT Aerospace in Germany for factories that the European aerospace giant is selling in those countries as part of a cost- cutting programme.

The handover will not take place until next year but the news will cheer ministers who have kept a close eye on the planned divestiture amid fears about the loss of jobs or UK technical expertise if Filton were to go to a foreign company. The choice of GKN will safeguard ...

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