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Rolls-Royce Holdings PLC (RR.L)

RR.L on London Stock Exchange

908.40GBp
19 Jun 2019
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-15.40 (-1.67%)
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Latest Key Developments (Source: Significant Developments)

Siemens Sells Electric Aircraft-Propulsion Business To Rolls-Royce
Tuesday, 18 Jun 2019 

June 18 (Reuters) - SIEMENS AG ::SELLS ELECTRIC AIRCRAFT-PROPULSION BUSINESS TO ROLLS-ROYCE.AGREEMENT SIGNED: ROLLS-ROYCE TO ACQUIRE EAIRCRAFT.CLOSING EXPECTED IN LATE 2019.WILL CONTINUE TO SUPPORT THE TRANSITION TO ELECTRIC AVIATION WITH ITS DIGITAL SOLUTIONS PORTFOLIO.PARTNERS HAVE AGREED NOT TO DISCLOSE THE FINANCIAL DETAILS OF THE TRANSACTION..  Full Article

Rolls-Royce Power Systems, XCMG Formed Strategic Cooperation
Friday, 14 Jun 2019 

June 14 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE POWER SYSTEMS AND XCMG SIGN STRATEGIC COOPERATION AGREEMENT.ROLLS-ROYCE - ROLLS-ROYCE POWER SYSTEMS, XCMG FORMED STRATEGIC COOPERATION TO DEVELOP CHINESE DOMESTIC, EXPORT MINING EQUIPMENT MARKETS.ROLLS-ROYCE - CO, XCMG COMMITTED TO EFFORTS IN EXPLORING INTEGRATION MTU POWER, PROPULSION SYSTEMS INTO XCMG EQUIPMENT.  Full Article

Rolls-Royce Confirms Receipt Of Interest From Indra To Buy Stake In ITP Aero
Friday, 14 Jun 2019 

June 14 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE HOLDINGS - RESPONSE TO PRESS SPECULATION: ITP AERO.ROLLS-ROYCE HOLDINGS - RESPONSE TO PRESS SPECULATION: ITP AERO.ROLLS-ROYCE - NOTES RECENT PRESS SPECULATION AND CONFIRMS THAT IT HAS RECEIVED A PRELIMINARY AND CONDITIONAL INDICATION OF INTEREST FROM INDRA.ROLLS-ROYCE - ITP AERO AND ROLLS-ROYCE INTENDS TO RETAIN LONG-TERM RELATIONSHIP WITH BUSINESS ACROSS ITS CIVIL AEROSPACE AND DEFENCE PROGRAMMES.ROLLS-ROYCE HOLDINGS PLC - SPECULATION IS FOR INDICATION OF INTEREST FROM INDRA TO ACQUIRE A MAJORITY STAKE IN ITP AERO..  Full Article

Rolls-Royce's UK Pension Trustee Transfers Some Pension Liabilities To Legal & General
Thursday, 6 Jun 2019 

June 6 (Reuters) - Rolls-Royce Holdings Plc ::ROLLS-ROYCE HOLDINGS - TRANSFER OF PENSION LIABILITIES TO LEGAL & GENERAL.COMPLETED A DEAL TO TRANSFER CERTAIN PENSION RISK LIABILITIES TO LEGAL & GENERAL ASSURANCE SOCIETY LIMITED.DEAL COVERS TRANSFER OF ASSETS AND LIABILITIES RELATING TO APPROXIMATELY 33,000 PENSIONERS.DEAL WILL SEE ROLLS-ROYCE MAKE AN EXCEPTIONAL CASH CONTRIBUTION OF AROUND £30M.FREE CASH FLOW GUIDANCE FOR FULL YEAR REMAINS UNCHANGED.TRANSACTION TO FULLY INSURE BENEFITS PAYABLE FROM FUND AND PROVIDE PERMANENT SECURITY FOR PENSIONERS.DEAL WILL FULLY INSURE BENEFITS PAYABLE FROM FUND.TRANSACTION TO REDUCE GROUP'S POST-RETIREMENT OBLIGATIONS BY AROUND £4.1 BILLION..DEAL WILL PROVIDE PERMANENT SECURITY FOR PENSIONERS, WHILE REDUCING GROUP'S POST-RETIREMENT OBLIGATIONS BY AROUND £4.1 BILLION.ROLLS-ROYCE TRUSTEE WILL TRANSFER AROUND £4.6BN OF ASSETS.ROLLS-ROYCE TRUSTEE'S TRANSFER OF ASSETS RESULTS IN REDUCTION IN NET ASSETS OF AROUND £0.5BN THOUGH FUNDING LEVELS REMAIN UNCHANGED.RESIDUAL OBLIGATIONS, WHICH REMAIN WELL FUNDED, WILL BE SMALLER WITH LESS RISK FOR TRUSTEE AND ROLLS-ROYCE TO MANAGE IN FUTURE.  Full Article

Rolls-Royce Signed Contract With EPC Contractor TTS Martin
Thursday, 9 May 2019 

May 9 (Reuters) - Rolls-Royce Holdings PLC ::SIGNED CONTRACT WITH EPC CONTRACTOR TTS MARTIN FOR SUPPLY OF 28 MWE POWER PLANT FOR UTILITY MARTINSKA TEPLARENSKA, A.S. IN SLOVAKIA.  Full Article

Rolls-Royce Says Suspended From UK's Prompt Payment Code
Monday, 29 Apr 2019 

April 29 (Reuters) - Rolls-Royce Holdings PLC ::SAYS CHANGES TO ASSESSMENT CRITERIA FOR UK GOVERNMENT’S PROMPT PAYMENT CODE HAVE RESULTED IN CO'S SUSPENSION FROM CODE.SAYS NON-COMPLIANCE ASSESSMENT IS "DISAPPOINTING".SUSPENSION FROM PROMPT PAYMENT CODE SPECIFICALLY IN RESPECT OF CO'S FAILURE TO PAY AT LEAST 95% OF SUPPLIER INVOICES WITHIN 60 DAYS.SAYS SIGNIFICANT VOLUME OF INVOICES GO GETS FROM LARGE SUPPLIERS HAS PUSHED IT BELOW THE COMPLIANCE CRITERIA AS IT IS NOW BEING ASSESSED.SAYS TO WORK WITH CICM, PROMPT PAYMENT CODE COMPLIANCE BOARD TO ASSIST IN UNDERSTANDING HOW CO DIFFERENTIATES LARGE & SMALLER SUPPLIERS.  Full Article

Rolls-Royce Says Trent 1000 Ten Selected By Air Premia For 10 Boeing 787 Dreamliners
Thursday, 11 Apr 2019 

April 11 (Reuters) - Boeing Co ::ROLLS-ROYCE TRENT 1000 TEN SELECTED BY AIR PREMIA FOR 10 BOEING 787 DREAMLINERS.  Full Article

Rolls-Royce Agrees Accelerated Inspection Regime Relating To Trent 1000 TEN Engines
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Rolls-Royce Holdings PLC ::TRENT 1000 TEN SERVICE MANAGEMENT.ROLLS-ROYCE AGREES ACCELERATED INSPECTION REGIME WITH EASA.AGREES ACCELERATED INSPECTION REGIME WITH EASA.NEW ACCELERATED INSPECTION REGIME IS DESIGNED TO ALLOW US TO CONFIRM HEALTH OF TRENT 1000 TEN FLEET OVER NEXT FEW MONTHS.ACCELERATED INSPECTION REGIME HAS NOW BEEN AGREED AND WILL BE FORMALLY COMMUNICATED TO CUSTOMERS.AIRWORTHINESS DIRECTIVE WILL BE ISSUED BY EASA IN ADDITION TO A ROLLS-ROYCE SERVICE BULLETIN.GUIDANCE FOR IN-SERVICE CASH COSTS ON TRENT 1000 IN 2019 AND 2020, AS PUBLISHED WITH 2018 RESULTS ON 28 FEBRUARY 2019, REMAINS UNCHANGED.EXPECT TO START INCORPORATING ENHANCED BLADES INTO TRENT 1000 TEN FLEET IN EARLY 2020.SINCE ENTRY INTO SERVICE OF TRENT 1000 TEN, CO HAS COMMUNICATED TO AIRLINES THAT HPT BLADES IN THESE ENGINES WOULD HAVE A REDUCED LIFE.NEW INSPECTION REGIME HAS NO IMPACT ON ONGOING PROACTIVE MAINTENANCE PROGRAMMES FOR TRENT 1000 PACKAGE B OR PACKAGE C ENGINES.ENGINEERS HAVE ALREADY BEEN DEVELOPING, AND ARE CURRENTLY TESTING, AN ENHANCED VERSION OF BLADE.  Full Article

Allegheny Technologies Extends Long-Term Purchase Agreement With Rolls-Royce
Thursday, 4 Apr 2019 

April 4 (Reuters) - Allegheny Technologies Inc ::ATI EXTENDS LONG-TERM PURCHASE AGREEMENT WITH ROLLS-ROYCE.ALLEGHENY TECHNOLOGIES - LTPA EXTENDS ROLLS-ROYCE AND ATI'S AGREEMENT THROUGH 2029.ALLEGHENY TECHNOLOGIES - EXTENDED LONG-TERM PURCHASE AGREEMENT WITH ROLLS-ROYCE TO SUPPLY ROTATING DISC QUALITY SPECIALTY MATERIALS FOR TRENT ENGINE.  Full Article

Rolls-Royce To Supply MTU Rail Engines For CRRC Trains In Sri Lanka
Friday, 22 Mar 2019 

March 22 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE TO SUPPLY MTU RAIL ENGINES FOR CRRC TRAINS IN SRI LANKA.CO, DONGFANG ELECTRIC INTERNATIONAL CORP REACH AGREEMENT TO SUPPLY FOUR MTU 12V 4000 R41 RAIL ENGINES FOR RAILCARS MADE BY CRRC.  Full Article

Photo

Electric planes start small as industry wrestles with emissions

LE BOURGET An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programmes being touted at the Paris Airshow, as the industry tries to convince a sceptical public it can deliver on a pledge to halve carbon emissions by 2050.