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Rolls-Royce Holdings PLC (RR.L)

RR.L on London Stock Exchange

23 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Rolls-Royce and American Airlines to dissolve Texas Aero Engine Services LLC partnership
Tuesday, 29 Sep 2015 10:30am EDT 

American Airlines Group Inc :Rolls-Royce and American Airlines to dissolve Texas Aero Engine Services LLC partnership.Says Rolls-Royce and American Airlines announced plans to dissolve Texas Aero Engine Services LLC.Says TAESL is a 50-50 joint venture between Rolls Royce-and American Airlines Group in Fort Worth, Texas.Says final closure of TAESL is expected by January 2016.Combination of reductions in demand,lack of future growth opportunities for business has led Rolls Royce-to request closure of TAESL.Rolls Royce-concluded declining future volumes of overhauls for trent 800 and rb211 will no longer support viable operation.American Airlines has accepted Rolls Royce-request for closure of TAESL.Work done at TAESL for american,other airlines will begin moving to other Rolls Royce-approved MRO facilities.Will provide continued employment opportunities for all 500 frontline mechanics and TWU-represented employees.  Full Article

Rolls-Royce Holdings plc selected by Saudi Arabian Airlines
Monday, 20 Jul 2015 01:00am EDT 

Rolls-Royce Holdings plc:Says that it has been selected by SAUDIA, the national carrier of Saudi Arabia to provide long-term TotalCare engine service support, worth $1.3 billion, for 20 Airbus A330 Regional aircraft.  Full Article

Rolls-Royce Holdings plc announces re contract
Monday, 15 Jun 2015 04:00am EDT 

Rolls-Royce Holdings plc:Says Rolls-Royce has received services contracts valued at up to $224 million to support US military branches and global air forces supplied by the US Department of Defense.Says the contracts will support Rolls-Royce AE 2100, Adour (F405) and T56 engines across a variety of fleets. Services to be supplied by Rolls-Royce include logistics support, engineering, parts, repairs, field services and design modifications.  Full Article

Rolls-Royce and Liebherr-Aerospace form JV to develop power gearbox
Wednesday, 10 Jun 2015 05:00am EDT 

Rolls-Royce and Liebherr-Aerospace:Rolls-Royce and Liebherr-Aerospace create power gearbox joint venture.Have agreed to establish a 50:50 joint venture to develop manufacturing capability and capacity for power gearbox for Rolls-Royce's new ultrafan engine.Establishment of joint venture is subject to usual legal approvals.As production volumes increase, joint venture will look at options for creating a standalone manufacturing infrastructure.Will continue to lead design definition and design integration of power gearbox, as well as testing activities.Joint venture, located in Friedrichshafen, will provide production engineering for power gear drive train components.Co has started building new power gearbox test centre south of Berlin, representing investment of more than 80 mln euro.  Full Article

Rolls-Royce Holdings Plc announces re contract
Wednesday, 27 May 2015 02:00am EDT 

Rolls-Royce Holdings Plc:Says it has received an order from General Dynamics European Land Systems for the delivery of 589 MTU Series 199 diesel engines for use in the new SCOUT Specialist Vehicle (SV) for the British Army.Says the contract value is about e80 mln and will be the first time that MTU engines have been utilised in British Army platforms.Says the vehicles will be delivered by General Dynamics UK in six variants and will form the backbone of the British Army's future fleet of Armoured Fighting Vehicles.Says delivery of the engines will start in 2016, and the last engines will be delivered in 2022.  Full Article

Tritax Big Box REIT announces financing of asset pre-let to Rolls-Royce
Thursday, 30 Apr 2015 02:01am EDT 

Tritax Big Box REIT plc:Says that the company had exchanged contracts to forward fund the development of a new logistics asset located near Bognor Regis, West Sussex, pre-let in its entirety to Rolls-Royce Motor Cars Limited.Says that it has drawn on senior debt financing secured on the asset.Says this facility has been agreed with Barclays Bank PLC to the value of 14.8 million pounds, reflecting a loan to value ratio of about 39.5 pct.  Full Article

Rolls-Royce Holdings Plc to sell Michell Bearings business
Tuesday, 28 Apr 2015 03:45am EDT 

Rolls-Royce Holdings Plc:Says that it has confirmed its intention to sell its Michell Bearings business to British Engines Limited for a cash consideration of GBP12.6 mln.Michell Bearings consists of a business based in the UK, located in Newcastle-upon-Tyne, and a 51 pct. shareholding in Michell Bearings (India) Pvt Ltd, a non-wholly owned subsidiary company based in Bangalore.  Full Article

Rolls-Royce Holdings says - Warren East to succeed John Rishton
Wednesday, 22 Apr 2015 02:01am EDT 

Rolls-Royce Holdings Plc:Announces that John Rishton has decided to retire as chief executive on July 2.Says he will be succeeded by Warren East, whose appointment follows an international search.  Full Article

Rolls-Royce wins order from Emirates
Friday, 17 Apr 2015 04:55am EDT 

Rolls-Royce Holdings Plc:Says it has won order, worth $9.2bn, to provide Trent 900 engines and TotalCare service support to Emirates.Says the engines will power 50 Airbus A380 aircraft that will enter service from 2016.  Full Article

Rolls-Royce Holdings PLC announces rolls-royce trent 1000 engines chosen by Air China
Monday, 30 Mar 2015 02:00am EDT 

Rolls-Royce Holdings PLC:Air China has selected Rolls-Royce Trent 1000 engines and long-term TotalCare support.Says engines will power 15 new Boeing 787-9 Dreamliner aircraft.Decision continues strong relationship with the airline, which has 49 Trent 700-powered Airbus A330 aircraft in service, with four to be delivered, and ten Trent XWB-powered Airbus A350XWB aircraft on order.  Full Article

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