Page 4 - Rolls Royce

Rolls-Royce partners with Hindustan Aeronautics for warship engines

The partnership will provide packaging, installation, marketing and services support for the MT30 engine

Rolls-Royce plunges to worse-than-expected $5.6 billion loss

On an underlying pretax basis, Rolls posted a loss of 4 billion pounds, worse than the 3.1 billion pound loss forecast by analysts

Norway suspends Rolls-Royce asset sale to Russian firm on security grounds

Norway suspended the sale of a Norwegian engine maker owned by Rolls-Royce Holdings to a Russian-controlled company while it assesses security implications for the country's navy and civilian sector

Rolls-Royce partners with Infosys for aerospace engineering in India

Aerospace and defence technology major Rolls-Royce and Infosys have signed a strategic partnership for sourcing engineering and R & D services for Rolls-Royce's civil aerospace business.As part of the overall partnership, Rolls-Royce will transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys.Leveraging its expertise in core engineering services, digital transformation capabilities, and Rolls-Royce product knowledge acquired through the partnership, Infosys will provide a full range of high-end engineering and R & D services integrated with advanced digital service to Rolls-Royce."India has grown to become a key contributor to the Rolls-Royce global engineering ecosystem, delivering high levels of technical capability to support a broad range of complex business demands," said Kishore Jayaraman, President of Rolls-Royce India and South Asia."Infosys has been a valued partner to Rolls-Royce for many years, and we now ...

Rolls-Royce Holdings plans to sell its Bergen engines unit: Report

Germany's MAN SE and Finland's Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn't say where it got the information

Rolls-Royce rescue plan flies as shareholders back 2 bn pound rights issue

Airlines pay Rolls based on how many hours its engines fly and a plunge in flying during the crisis has put Rolls's finances under intense scrutiny.

Rolls-Royce to temporarily close factories, cut benefits, says report

The group also faces strike action at one of its oldest plants, at Barnoldswick in Lancashire in the UK, in protest at proposals to shift some production to Singapore

Aero-engine maker Rolls-Royce seeks $2.6 bn in make-or-break share issue

At stake is the future of a company which has been at the heart of manufacturing in Britain for more than 100 years

World's fastest electric plane: Who's making? Let's find out

Rolls-Royce to raise $2.6 billion debt to fund Covid-19 pandemic relief

Rolls Royce is seeking to shore up capital amid the brutal impact of the Covid-19 pandemic on the aerospace industry.

Rolls-Royce plans to raise $6.5 billion to survive Covid-19 cash crunch

Rolls, whose engines power the Boeing 787 and Airbus 350, said in May it would cut 9,000 jobs as a result of the pandemic and its finances have been under intense scrutiny

Rolls-Royce Holdings stock hits 17-year low as slump deepens for airlines

Europe's biggest airline will pull 150 jets by mid-decade, 50 more than in its previous plan

World Coronavirus Dispatch: World economy to shrink 4.5% this yr, says OECD

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

Rolls-Royce says demand for luxury cars recovering due to sales in Asia

Torsten Muller-Otvos said the demand meant Rolls-Royce was the first car company to resume car production in the United Kingdom on May 4

Virgin Galactic, Rolls-Royce team up to make supersonic commercial airplane

The aircraft would travel at Mach 3 - rather than the Mach 2 speed of Concorde, the pioneering jet that operated from 1976 to 2003

Rolls-Royce plans $1.9 billion share issue to bolster finances, says Report

Rolls-Royce, which makes engines for the Boeing 787 and Airbus 350, said it would burn through 3 billion pounds in the first half of the year

Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative

Shares in Rolls-Royce, which have already lost almost two-thirds of their value during the pandemic, dropped 5.7% to trade at 253 pence at 0827 GMT, after Moody's statement

Rolls-Royce burns through 3 billion pounds, expects more cash outflows

The British company, which makes engines for the Boeing 787 and Airbus 350, said flying hours fell 75% in April, May and June, and it had only seen a marginal improvement since

Covid-19 impact: Rolls-Royce Holdings plans to cut 3,000 jobs in UK

The London-based manufacturer said it expects to trim a total of 8,000 positions from the aviation division

Covid-19 impact: Rolls-Royce to cut 9,000 jobs to save $1.5 bn annually

The job losses would mostly take place in its civil aerospace business