Rolls-Royce in $1bn Air China engine deal to supply Trent 1000 engines for passenger jets March 30, 2015 Engine manufacturer Rolls-Royce has extended its deals with Air China, after being selected to supply its Trent 1000 engines for 15 new Boeing 787-9 Dreamliner passenger jets. According to the British technology firm, the new contract is worth $1bn (£675m). Previously, Rolls-Royce supplied the airline with Trent 700 engines for 49 Airbus A330 aircraft, with [...]
Rolls-Royce embroiled in Petrobras bribery scandal following annus horribilis for both companies February 16, 2015 Rolls-Royce was dealt a fresh blow yesterday, as it faced allegations of bribery after being dragged into the ongoing series of scandals surrounding Brazilian oil giant Petrobras. The British company, which manufactures turbines for Petrobras, was named in court documents by a key informant in a multi-billion dollar bribery case against the state-owned oil firm. [...]
Rolls-Royce dragged into Petrobras bribery scandal February 16, 2015 Shares in embattled engineering giant Rolls-Royce opened 0.8 per cent lower this morning, after it was revealed it has been dragged into a multi-billion dollar bribery scandal by Brazillian state oil producer Petrobras. The company has been accused of paying out bribes in exchange for contracts to build gas turbines for oil platforms. The accusations [...]
Rolls-Royce share price falls as sales drop for the first time in a decade February 13, 2015 The figures Shares at troubled engineering giant Rolls-Royce opened 3.3 per cent lower this morning after it reported a sales drop of six per cent to £13.7bn in 2014, the company's first drop in sales in a decade. Revenues fell six per cent to £14.6bn, while underlying pre-tax profits dropped eight per cent to £1.6bn (dead on [...]
Rolls-Royce wins $442m worth of contracts for cut-price technology February 9, 2015 Rolls-Royce plc yesterday revealed three new contracts worth a total of $442m (£290m) to provide lift fan propulsion systems for F-35B Lightning II aircraft. The company will produce and support its LiftSystem technology for the planes, in a series of deals agreed between Rolls-Royce and US aerospace manufacturer Pratt & Whitney, which provides the propulsion [...]
Aston Martin finance chief Hanno Kirner quits to take new post at Rolls-Royce February 2, 2015 Aston Martin’s chief financial officer has quit the luxury car-maker to take up the same position at Rolls-Royce’s land and sea division. Hanno Kirner, who had been with James Bond’s brand of choice since 2010, has been immediately replaced by Vikram Bhatia, who the company praised for his Deloitte training and “more than 30 years’ [...]
Rolls-Royce in £75m deal to help power up South African trains with 232 MTU Series 4000 engines January 26, 2015 Rolls-Royce has signed a €100m (£75m) contract to deliver 232 MTU Series 4000 engines to a subsidiary of Chinese locomotive manufacturer CNR Dalian in South Africa. The engines, which are the most powerful MTU locomotives currently operating with an output of 3,300 kilowatts each, are to be installed in new freight locomotives for South African operator [...]
On A Roll! Rolls Royce breaks sales record January 6, 2015 LUXURY car manufacturer Rolls Royce has broken its own sales record for the fifth time in a row, selling 4,063 cars last year, an increase of 12 per cent. The UK-based company is owned by BMW and is said to be considering designing a four-wheel drive vehicle.
Rolls Royce gets $5bn Delta Air Lines deal November 21, 2014 Rolls Royce has won a $5bn (£3.2bn) contract from Delta Air Lines to deliver engines for 50 aircraft. The company will also provide care and support services to the aircraft, which will include 25 Airbus A350s and 25 A330neo aircraft. Rolls Royce has had a relationship with Delta Air Lines for over 40 [...]
Rolls-Royce to pay ex-finance chief Mark Morris £900,000 November 5, 2014 Departing Rolls-Royce chief financial officer Mark Morris is to receive a final remuneration package of more than £900,000. His departure was announced yesterday, and took effect immediately, with no reason given for his leaving. The package, also revealed yesterday, includes £717,150 to be paid in lieu of his 12-month notice period. Morris will receive 12 [...]