Melrose Industries' GKN Aerospace Nears Settlement of US Facility Probe

05:36 AM EDT, 10/13/2026 (MT Newswires) -- Aerospace and defense company Melrose Industries (MRO.L) unit GKN Aerospace is nearing a settlement of a civil investigation into its Garden Grove facility in California, US, according to a Tuesday filing. The Orange County District Attorney's Office filed court documents on Monday outlining a proposed settlement, including $15 million in civil penalties and a previously announced claims program of up to $100 million for eligible residents and businesses. The settlement remains subject to court approval, with the claims program expected to launch shortly afterward. Meanwhile, GKN Aerospace expects the facility to resume full operations in the fourth quarter of 2026, pending regulatory clearance.