Melrose Industries stock, aerospace and defense

Melrose Industries stock falls 1.58 percent before restart date

Published on 09/24/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melrose Industries stock posted GBP 1.878 billion in first-half 2026 revenue, up 10 percent from the prior year. Adjusted operating profit rose 16 percent to GBP 347 million.

Techniker prüft Triebwerksbauteil in moderner Reinraum-Fertigungshalle mit CNC-Maschine — Melrose Industries PLC (GB00BNR5MZ78) zeigt fotorealistisch Triebwerk-Fertigung mit Techniker an moderner Präzisionsmaschine im Reinraum, Illustration mit AI erstellt.

Melrose Industries stock (ISIN GB00BNGDN821) was trading at GBp 472.30 on the London Stock Exchange on September 24, 2026, down 1.58 percent. The share price is 31.05 percent below its 52-week high of GBp 685, placing the aerospace group well below its yearly peak as the Garden Grove timetable approaches.

Garden Grove sets the next date

GKN Aerospace is targeting September 28, 2026, to resume full manufacturing operations at its Garden Grove facility in California. Reuters reported on August 25, 2026, that the plan followed an incident involving an overheating chemical tank and a claims program of up to USD 100 million.

The event has a measurable operating effect. First-half 2026 revenue was reduced by GBP 16 million and adjusted operating profit by GBP 9 million, while the company paused a GBP 175 million buyback program after GBP 12 million had been spent, according to Openbook Analytics.

First-half growth offsets the disruption

Melrose reported first-half 2026 revenue of GBP 1.878 billion, up 10 percent on a constant-currency basis. Adjusted operating profit reached GBP 347 million, an increase of 16 percent, and the adjusted operating margin rose to 18.5 percent from 18.0 percent for full-year 2025, according to Melrose Industries.

The comparison matters because the California disruption is concentrated in one facility, while the Engines and aftermarket businesses continue to shape the broader earnings profile. Full-year 2026 guidance cited by Openbook Analytics calls for revenue of GBP 3.75 billion to GBP 3.95 billion and adjusted operating profit of GBP 700 million to GBP 750 million.

Stock remains below its yearly high

Melrose Industries had a market capitalization of GBP 5,885,435,736 on September 24, 2026. Its GBp 472.30 price was above the 52-week low of GBp 409.90 but 31.05 percent below the high of GBp 685, leaving the production restart as a concrete near-term operating checkpoint.