1. The impact of COVID-19 led to a rapid drop in sales for GKN Aerospace for 2020 2. GKN Aerospace 2020 sales were GBP2.8 billion, down 27 percent; operating income was GBP 14 million, down 96 percent 3. The company implemented strict cash management measures, production rescheduling, and accelerated restructuring efforts 4. Melrose, which bought the firm in 2018, has stated it will hold GKN Aerospace until at least 2023.
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