Aerospace and defence - Mcap: £8.2bn - Price: 618p - Update
 

Melrose Industries


Continued outperformance
MRO’ shares have been re-rated over the past year, reflecting the company becoming a pure aerospace group and its improving operational performance. Attractions remain from the Risk and Revenue Sharing Partnerships (RRSPs) and associated cashflows along with the investments being made, such as in additive fabrication, to drive organic growth beyond the already positive aerospace market.

Analyst

David Larkam
Industrials analyst
industrials@edisongroup.com