Garden Grove

Melrose cleared in Garden Grove probe; expects production restart by late September

Melrose Industries shares jumped after it announced plans to restore full production at its GKN Aerospace Garden Grove facility by September 28 and to launch a $100 million claims program for evacuees and affected residents. The company also disclosed that a related criminal probe has ended with no charges, supporting optimism for a late-September restart and ongoing civil resolutions, which lifted its stock alongside broader market gains.