October 26, 2018 / 1:04 PM / 23 days ago

Rolls-Royce will not meet Trent 7000 production target

LONDON (Reuters) - Rolls-Royce (RR.L) said it would deliver fewer of its new Trent 7000 engine that powers the Airbus (AIR.PA) A330neo jet than it planned, resulting in it likely missing its target of delivering about 550 large engines in 2018.

Rolls-Royce’s shares fell sharply earlier on Friday after Bloomberg reported the problem. The company, however, said it was not changing its guidance for 2018 profit and free cash flow as a result of the delay.

Reporting by Paul Sandle; editing by David Evans

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