NP Aerospace owner warns of cost reductions as markets soften further
12th October 2012
THE owner of Coventry-based defence supplier NP Aerospace has warned its full-year performance is likely to be significantly below expectations.Morgan Crucible, which specialises in advanced materials, said trading conditions had deteriorated across many of its markets during the third quarter, especially in China and Europe.It said the slowdown in demand had been most pronounced in the Advanced Materials and Technology (AM&T) business, which includes the Coventry firm.As a result of weak demand, Q3 group revenue was around 10%......for the full story register now for free or login below...
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