Rolls-Royce lands £50m contract with Edison Chouset Offshore June 10, 2014 Rolls-Royce has won a £50m contract to deliver deck machinery for four large anchor handlers for Edison Chouset Offshore. The vessels have been designed by North American Shipbuilder and are to be built by Estaleiro Navship LTDA in Brazil. They will be developed to operate in Brazil under an eight-year contract with Petrobras. The deck [...]
Rolls Royce confirms it’s selling energy business to Siemens May 7, 2014 Rolls Royce has confirmed today that it’s agreed to sell its energy gas turbine and compressor business to Siemens for £785m in cash. Once the transaction’s completed, Rolls Royce will get a further £200m for a 25-year licensing agreement that’ll give Siemens access to relevant technology and Rolls Royce’s power output gas turbine range. The [...]
Rolls Royce confirms ongoing talks with Siemens May 1, 2014 Rolls Royce has said it expects to take a hit on profit at its marine business of 10 per cent, compared to the previous year. The news comes after the UK-based aerospace company suffered a £30m one off charge to "rectify a product quality issue." Rolls Royce said it remains in talks with Siemens over [...]
Rolls Royce lands $100m defence contract April 9, 2014 Aerospace and defence giant Rolls Royce has been awarded a $100m contract by the US Department of Defence. The company will provide support for the F405 (Adour) engines that power the US Navy's T-45 training aircraft. Rolls Royce will be responsible for providing depot level maintenance and logistics support for over 200 Adour engines. The [...]
Rolls Royce bags $50m US Marines Corps contract March 31, 2014 Rolls Royce has won a contract worth more than $50m (£30m) to support the US Marines Corps fleet of KC-130J air-to-air refuelling tankers, it’s said this morning. The one-year deal covers sustainment services for over 200 Rolls Royce AE 2100 engines, as well as propellers and other system repairs for the fleet. It’ll also see [...]
Rolls-Royce to overhaul ethics in face of probe March 5, 2014 AEROSPACE and defence giant Rolls-Royce yesterday outlined a new strengthened ethics policy, as it awaits the outcome of a fraud investigation into allegations of bribery and corruption. In its annual report, the FTSE 100-quoted firm said it had re-launched an ethics hotline available 24 hours a day, where individuals can raise any concerns. It also [...]
Rolls Royce bags $90m US Marine Corps engine contract February 24, 2014 Rolls Royce has said this morning that it’s won a $90m (£54m) production contract for engines to power MV-22 aircraft operated by the US Marine Corps. The defence company will provide 40 Rolls Royce AE 1107C engines, which it’ll manufacture in Indianapolis, Indiana. The AE product family has over 5,800 engines in service, with the [...]
Stocks rocked by Rolls-Royce growth warning February 13, 2014 ROLLS-ROYCE said its profits fell more than a third in the last year, and warned there will be no growth in 2014 either, sending its shares tumbling almost 14 per cent and dragging the FTSE 100 lower yesterday. The engineering giant reported pre-tax profits of £1.76bn, down 36 per cent on the previous year, though [...]
Two arrested in Rolls-Royce bribery probe February 12, 2014 TWO MEN were arrested yesterday after the Serious Fraud Office co-ordinated raids across London as part of its investigation into Rolls-Royce. The fraud squad, which opened a criminal probe into claims of bribery and corruption at Rolls-Royce in December, confirmed the property searches and the arrests. The National Crime agency and the City of London [...]
Rolls-Royce and Bentley drive home record global sales January 8, 2014 TWO of Britain’s luxury car brands enjoyed unprecedented global sales last year, driven by booming demand in the Middle East and parts of Asia. Rolls-Royce Motor Cars said today it delivered 3,630 vehicles in 2013, up 1.5 per cent to give the firm its fourth record-breaking year in a row. The UK has been “stable” [...]