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Rolls-Royce Holdings PLC (RR.L)

RR.L on London Stock Exchange

9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Rolls-Royce Holdings plc selected by Turkish Airlines to supply Trent 700 engines
Monday, 9 Mar 2015 11:53am EDT 

Rolls-Royce Holdings plc:Selected by Turkish Airlines to supply Trent 700 engines and long-term TotalCare service support, worth $300 mln, to power four Airbus A330 freighter aircraft.Says that airline already operates 11 A330ceo passenger and five A330 freighter aircraft powered by the Trent 700.  Full Article

Rolls-Royce Holdings plc strengthens ITP joint venture
Thursday, 5 Mar 2015 05:00am EST 

Rolls-Royce Holdings plc:Announces that it has strengthened its long-term partnership with Sener Grupo de Ingenieria SA (Sener) in the Industria de Turbo Propulsores SA (ITP) joint venture.ITP will supply Rolls-Royce with turbines for future civil large engines in addition to its existing range of products supported by a revised shareholder agreement.ITP is a joint venture between Rolls-Royce (46.9 pct) and a subsidiary of Sener (53.1 pct).  Full Article

Rolls-Royce Holdings Plc gives FY 2015 guidance
Friday, 13 Feb 2015 02:00am EST 

Rolls-Royce Holdings Plc:Sees FY 2015 revenue guidance of between GBP 13.4 bln - GBP 14.4 bln.Sees FY 2015 EPS of between 60 pence to 66 pence.  Full Article

Rolls-Royce Holdings announces re contract
Monday, 9 Feb 2015 02:00am EST 

Rolls-Royce Holdings Plc:Says that it has been awarded three contracts totalling up to $442 million to produce and support LiftSystems (tm) for F-35B Lightning II aircraft, including price reductions from prior contracts.Says the new contracts cover Low Rate Initial Production of 17 LiftSystems for F-35B aircraft, plus support, for two contract periods (LRIP 7-8), and were agreed between Rolls-Royce and Pratt & Whitney, the propulsion provider for the F-35 program.Says the LRIP 8 contract reflects a reduction in average price per LiftSystem since LRIP 6, as Rolls-Royce continues to demonstrate success in cost reduction efforts for the F-35 Lightning II program.Says the LRIP7 also includes delivery of the 50th LiftFan for installation in an F-35B, as the LiftSystem continues to mature in production.Says the 50th LiftFan meets all Initial Operational Capability (IOC) requirements for the US Marine Corps.  Full Article

Rolls-Royce to cut another 800 jobs at marine unit

LONDON British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra 50 million pounds ($63 million) a year, responding to weak demand from shipping and energy customers.