Key Developments: Rolls-Royce Holdings PLC (RR.L)

RR.L on London Stock Exchange

24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Rolls-Royce Holdings plc secures two-year contract
Tuesday, 25 Nov 2014 05:52am EST 

Rolls-Royce Holdings plc:Says it has been awarded a new, two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets, which provides a more than 30 percent reduction in support costs.Says the contract, throughist MissionCare model, is valued at up to $287 mln and will cover all V-22 aircraft across the Marine and Air Force fleets.  Full Article

Rolls-Royce Holdings plc gets order from Delta Airlines
Friday, 21 Nov 2014 02:00am EST 

Rolls-Royce Holdings plc:Has won a $5 bln order for Trent engines and long-term TotalCare service support from Delta Air Lines to power 50 new aircraft.Trent XWB engines will power 25 Airbus A350s and Trent 7000 engines will power 25 Airbus A330neo aircraft.  Full Article

Rolls-Royce Holdings Plc reaffirms FY 2014, 2015 profit outlook
Thursday, 13 Nov 2014 02:00am EST 

Rolls-Royce Holdings Plc:Says its guidance is unchanged for FY 2014, FY 2015 and the medium-term outlook, as outlined on Oct. 17.Reported revenue of 15.505 bln Pounds, net profit of 1.367 bln Pounds in FY 2013.FY 2014 revenue of 14.70 bln pounds - Thomson Reuters I/B/E/S.FY 2015 revenue of 14.37 bln pounds - Thomson Reuters I/B/E/S.  Full Article

US Air Force awards Rolls-Royce AE2100 contract
Wednesday, 12 Nov 2014 02:00am EST 

Rolls-Royce Holdings PLC:The US Air Force has awarded contract worth over $100 mln to Rolls-Royce to purchase spare engines and parts for its C-130J fleet and to support Foreign Military Sales customers.Rolls-Royce AE 2100 engines power all C-130J aircraft in the US military and global fleets, while legacy C-130 aircraft are powered by Rolls-Royce T56 engines.The AE 2100 is part of the Rolls-Royce AE family of engines, with nearly 6,000 total engines delivered and more than 61 mln flight hours across the military and commercial fleet.  Full Article

Rolls-Royce Holdings PLC signs contract with Jiangsu A-Star
Tuesday, 11 Nov 2014 01:00pm EST 

Rolls-Royce Holdings PLC and Jiangsu A-Star:Signs a new, long-term agreement for M250 turboprop engines as the Chinese company prepares its production line for the manufacture of Extra EA 500 aircraft.Agreement includes orders for Rolls-Royce M250-B17F engines, with hundreds of engines expected to be delivered over coming years, primarily in aircraft for the fast-growing Chinese general aviation market.Jiangsu A-Star recently purchased the Type Certificate for the Extra EA-500 aircraft and has developed production facilities in Zhenjiang, Jiangsu Province, near Shanghai.Engines for the aircraft will be assembled at Rolls-Royce facilities in Indianapolis, US, and shipped to Zhenjiang for installation in the aircraft, with deliveries beginning in 2015.Agreement is valued in excess of $50 mln.Rolls-Royce and Jiangsu A-Star are also in discussions on maintenance, repair and overhaul, and other new service capabilities to support the Chinese market, as well as training opportunities.  Full Article

Rolls-Royce Holdings PLC accelerates headcount reduction and announces restructuring
Tuesday, 4 Nov 2014 09:00am EST 

Rolls-Royce Holdings PLC:Says additional headcount reductions as part of an intensified programme to improve operational efficiency and reduce cost across the Group.Propose a restructuring plan that will reduce headcount by 2,600 over the next 18 months, principally in our Aerospace division.Majority of this reduction will be achieved in 2015.Investment comapany have made in technology and new capacity, alongside the organisational changes comapny have made to simplify the Group, have enabled company to increase output and improve efficiency.Says comapny anticipate these actions will result in incremental restructuring costs of around 120 mln pounds over the next two years.Company intend to accrue around half of these costs this year, subject to employee consultation.Expects annualised cost benefits of around 80 mln pounds when fully implemented.About half of this amount is in our 2015 guidance and the full benefit in our medium term outlook.  Full Article

Rolls-Royce Holdings PLC appoints David Smith as CFO
Tuesday, 4 Nov 2014 09:00am EST 

Rolls-Royce Holdings PLC:Appoints David Smith as Chief Financial Officer and Director of Rolls-Royce Holdings plc.Says he takes up his new role with immediate effect, replacing Mark Morris who has decided to leave the company.  Full Article

Rolls-Royce Holdings announces re contract
Friday, 31 Oct 2014 03:00am EDT 

Rolls-Royce Holdings PLC:BG group selects twelve rolls-royce trent 60 DLE packages for its Lake Charles Lng export project.Says that BG Group has selected the Trent 60 DLE industrial gas turbine as the driver for the main refrigeration compressors in the proposed Lake Charles LNG Export project in Louisiana, USA.BG Group and Rolls-Royce have also agreed the terms of long term service agreement covering the support and maintenance of equipment for up to 25 years that will help deliver high levels of availability for this important LNG plant.Both the equipment and service contracts are expected to be activated in the first half of 2015, subject to the US LNG plant permitting process and final investment decisions by BG Group and Energy Transfer, the developers of the project.Each of the three LNG trains will utilise four Trent 60 DLE gas turbines as part of the Air Products C3MR refrigeration process.Each train will employ two Trent 60 DLE gas turbines driving propane compressors and two Trent 60 DLE gas turbines driving mixed refrigerant compressors for a total of twelve Trent 60 DLE gas turbines in the plant.  Full Article

Rolls-Royce Holdings Plc secures major subsea contract
Tuesday, 28 Oct 2014 06:00am EDT 

Rolls-Royce Holdings Plc:Signs major contract to supply complete module handling system to subsea construction vessel Aker Wayfarer.Vessel was built by Vard Søviknes in 2010 and will now undergo project modification work at Kleven's Myklebust Verft yard in Norway.Contract is with Ocean Yield ASA, and vessel is under long term charter with AKOFS Offshore.Says 24 mln Pound contract marks largest single subsea vessel project ever undertaken by Rolls-Royce.  Full Article

Rolls-Royce and Hispano-Suiza signs final agreement to create joint venture
Friday, 24 Oct 2014 02:00am EDT 

Rolls-Royce Holdings Plc:Following the memorandum of understanding (MoU) announced by Rolls-Royce and Hispano-Suiza (Safran) on July 4, Norbert Arndt, Rolls-Royce Executive Vice President, Structures and Transmissions, and Hélène Moreau-Leroy, Chairman and CEO of Hispano-Suiza.Says have signed final agreement to create jointly-owned company that will design, develop, produce and support accessory drive train transmissions (ADT) for all of Rolls-Royce's future civil aircraft engines.New company will capitalize on its parent companies' combined experience and expertise, encompassing design and production of accessory drive transmissions by Hispano-Suiza, and engine design and propulsion system integration by Rolls-Royce.Based on an initial exclusive 25-year contract, the joint company will cover the entire range of civil aircraft, from business jets to widebody commercial jets.In particular, it will contribute to Airbus A330neo, a new aircraft for which Rolls-Royce won the engine contract in July 2014 with its Trent 7000.New joint venture company will be headquartered at Hispano-Suiza's site in Colombes, in greater Paris area, and will also operate at Rolls-Royce's facilities in Derby (United Kingdom) and in Dahlewitz (Germany).Production plant will be built in competitive country starting in 2015, with aim of starting operations in late 2016 or early 2017.  Full Article


Exclusive: Emirates raps Airbus for A380 comment, dangles huge order

- The head of Dubai-based airline Emirates has reacted angrily to a suggestion by Airbus that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 instead.

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