If you had mentioned last September that one of the most important aerospace and defense suppliers in the West—and a national crown jewel, no less—was about to be taken over against its will by a turnaround specialist with a reputation for denuding its targets, you probably would have been met with skepticism. But today, GKN’s leadership is reeling from the aftermath of the takeover. Indeed, if recent events are any indication, the A&D industry could be ripe for ...

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