Melrose Industries PLC
MRO.L
London Stock Exchange517.20
GBp
+7.00
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Melrose Industries PLC
MRO.L
(London Stock Exchange)
Recent
price
517.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Melrose Industries PLC Melrose Industries PLC is a United Kingdom-based pure-play aerospace company that designs, manufactures, and supplies advanced components and systems to major original equipment manufacturers across civil and defense markets. Founded in 2003 and headquartered in London with its registered office in Birmingham, the company operates through two primary divisions: Engines, which serves as a global tier one supplier of structural engineered components, parts repair, and commercial and aftermarket contracts including shafts, cases, and additive fabrication components for leading programs like LEAP-1A, GTF, and RISE; and Structures, which provides lightweight composite and metallic airframes, electrical distribution systems, landing gear, transparencies, and aftermarket services, encompassing businesses such as GKN Aerospace for tier one airframe and engine structures. Melrose targets aerospace OEMs including Airbus, Boeing, Lockheed Martin, Safran, Pratt & Whitney, and GE Aerospace, with global operations spanning Europe, North America, and Asia. The company maintains strategic risk and revenue sharing partnerships on key aircraft and engine platforms, delivering design-led solutions embedded for the life of programs, while focusing on proprietary technologies like additive manufacturing and electrical systems for both current and next-generation platforms. In recent developments, Melrose secured a decade-long original equipment production contract with Safran for LEAP-1A shafts from Norway, new agreements with Lockheed Martin to double F-35 canopy production capacity by 2027 largely funded by the customer, and a multi-year renewal with Airbus for the A220 electrical wiring package; it also concluded the sale of its Orangeburg and St. Louis operations to Boeing and divested the non-core Fuel Systems business earlier in the year. The company launched new five-year growth targets emphasizing organic expansion from established platforms, additive fabrication investments up to £300 million targeting over £50 million incremental annual profit by decade-end, and participation in future technologies including fighter propulsion with the Swedish Defence Materiel Administration, Sustainable Wings with Airbus, and eVTOL developments, alongside confirming strong 2024 performance and 2025 guidance with an increased interim dividend. In the first half of 2025, Engines revenue grew 11% with margins expanding 400 basis points, underscoring progress in its transformation to a leaner, technology-focused operation.
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