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GKN PLC (GKN)

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Thursday 24 January, 2002

GKN PLC

Acquisition

GKN PLC
24 January 2002


For Immediate Release           24 January 2002


GKN acquires specialist production facility from Boeing

US Air Force F22 Raptor now worth $1.4 billion to GKN

GKN plc today announces that it has acquired a specialist production facility
from Boeing's Military Aircraft and Missiles Group which increases GKN's
presence on the F22 Raptor fighter aircraft.  The facility being acquired is the
Thermal Joining Center (TJC) in Kent, Washington State, which produces an
important titanium assembly for the F22 using electron beam welding.

Kevin Smith, GKN Managing Director Aerospace, said: 'Our acquisition of this
small but critical facility advances our already strong relationship with
Boeing, which is a major contractor on the F22, and brings us important new
technology. The F22 programme is now worth $1.4 billion to GKN.'

The US Air Force is currently set to acquire 331 F22 Raptors through 2013. GKN
already supplies titanium and composite structures such as engine nozzles,
keelson, frames, gun trough, wing spars, ducts and fuselage structures to the
programme.

The TJC includes the largest electron beam welding chamber in the US and will be
integrated with GKN Aerospace Chem-tronics enhancing GKN's already strong
electron beam welding capability.The TJC is being acquired for a consideration
of $4.8 million, which is being met from existing resources.

In January 2001 GKN acquired the Boeing military aircraft fabrication plant at
St Louis, Missouri.

GKN wins contract on US Comanche helicopter

GKN Aerospace Services has been awarded a $15 million contract to develop and
manufacture RTM composite components for the RAH-66 Comanche helicopter which is
being designed for the U.S. Army by Boeing and Sikorsky.

The contract was awarded to GKN by Boeing and covers 30 components which will be
manufactured using resin transfer moulding which can manufacture more complex
structural parts than was possible with earlier methods of composites
manufacturing.  Thirteen Comanche aircraft are scheduled for production
beginning in the third quarter of 2002 under the Engineering, Manufacturing and
Development (EMD) phase of the project. Regular production is expected to call
for the manufacture of 1,205 helicopters over the next 25 years.



For further information:

GKN Corporate Communications

020 7463 2354



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