• Tue, Jan. 17, 9:24 AM
    • Shares in Rolls-Royce (OTCPK:RYCEY) are up 6% in London after the aero-engine maker settled a long-running bribery probe for £671M and said that 2016 profit would beat expectations.
    • The news came as a boost to the firm after an eighteen month period of cost-cutting and restructuring led by CEO Warren East, who was brought in to stabilize the company in mid-2015 following a series of profit warnings.
    Tue, Jan. 17, 9:24 AM
  • Dec. 27, 2016, 12:42 PM
    • Airbus (OTCPK:EADSY -0.2%) is postponing the delivery of 12 A380 planes to Emirates Airline over the next two years and will step up cost cuts to minimize the impact of the delays.
    • Emirates had said in November it was having some unspecified technical issues with the Rolls-Royce (OTCPK:RYCEY +0.1%) engines of A380s.
    Dec. 27, 2016, 12:42 PM | 4 Comments
  • Dec. 21, 2016, 8:54 AM
    • Rolls-Royce Corp. of Indianapolis, Indiana, a unit of Rolls-Royce Holdings (OTCPK:RYCEY), has been awarded a $408M modification to a contract to provide maintenance support for V-22 AE1107C engines for the U.S. Marine Corps and Air Force.
    Dec. 21, 2016, 8:54 AM
  • Dec. 16, 2016, 11:40 AM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) has delayed delivery plans for its A330 widebody planes, CEO Fernando Pitno tells WSJ, marking the latest in a string of setbacks that have hit the world’s no. 2 airplane maker behind Boeing (NYSE:BA).
    • Airbus's first A330neo will not arrive until March 2018, the CEO says, as it upgrades the plane with new Rolls-Royce (OTCPK:RYCEF, OTCPK:RYCEY) engines that promise greater fuel efficiency and range; Airbus initially had promised the plane would be delivered around the end of next year.
    • Airbus is struggling to meet a target to deliver more than 670 planes this year, and must deliver at least a record 94 planes this month to achieve its promise to shareholders.
    Dec. 16, 2016, 11:40 AM | 6 Comments
  • Dec. 7, 2016, 2:41 PM
    • Emirates agrees to accept deliveries of Airbus (OTCPK:EADSF, OTCPK:EADSY) A380 jets powered by Rolls-Royce (OTCPK:RYCEF, OTCPK:RYCEY) engines after the U.K. company said it would fund measures to address performance and maintenance concerns.
    • Airline president Tim Clark says the engine problem involved a “higher intervention rate” in maintaining the Rolls engines due to unanticipated levels of wear to fan blades stemming from their deployment in Dubai’s desert climate.
    • Emirates is due to take receipt of 50 of the planes equipped with Rolls-Royce engines after switching from the competing GP7000 turbine manufactured by an alliance of GE and Pratt & Whitney, which powered its first 90 aircraft.
    • Separately, Canada reportedly will choose Airbus to provide search-and-rescue aircraft, with Airbus beating Italy's Leonardo (OTCPK:FINMF) and Brazil's Embraer (NYSE:ERJ).
    Dec. 7, 2016, 2:41 PM
  • Dec. 1, 2016, 10:17 AM
    • The U.K. based aerospace firm is shedding another 800 jobs from its payroll as it continues to shrink its struggling marine division.
    • Rolls-Royce (OTCPK:RYCEY) estimates annual savings of around £45M-£50M from the move and says the one-off cost of restructuring is expected to be around £20M.
    Dec. 1, 2016, 10:17 AM
  • Nov. 18, 2016, 7:36 AM
    • Emirates is having some technical issues with new Rolls-Royce (OTCPK:RYCEY) engines for its A380 jets that are coming up for delivery.
    • "We want the engines as prescribed," said Tim Clark, the Dubai-carrier's president. "We have made no hard and fast decisions about fleeting draw down. We're hoping to get resolution to this very quickly."
    • Emirates has $112B of aircraft on order, including 55 A380s.
    Nov. 18, 2016, 7:36 AM
  • Sep. 22, 2016, 7:39 AM
    • Rolls-Royce (OTCPK:RYCEY) CEO Warren East is replacing his finance chief in a move that amplifies the scale of the shake up under way at the company since a series of profit setbacks and a dividend cut.
    • Stephen Daintith, current CFO at Daily Mail & General Trust, will replace finance chief David Smith, who is set to leave the firm next year after a transition period.
    Sep. 22, 2016, 7:39 AM
  • Sep. 19, 2016, 9:48 AM
    • Rolls-Royce (OTCPK:RYCEY) is expanding job cuts in its prolonged battle to boost profitability.
    • The company will shed 200 more management roles through a buyout program, on top of the 400 management positions it said it would eliminate in May.
    Sep. 19, 2016, 9:48 AM
  • Aug. 31, 2016, 3:56 PM
    • Japan's ANA Holdings says it will replace all 100 Rolls-Royce (OTCPK:RYCEF, OTCPK:RYCEY) engines on its fleet of Boeing (BA -1%) 787 Dreamliner jets following three engine failures this year caused by corrosion and cracking of turbine blades.
    • ANA says all 50 of its 787s will receive engines fitted with new blades, a process that could take up to three years.
    • Rolls-Royce says it will swap out existing blades for new ones on ANA's planes in the short term ahead of a new blade design that will be ready by year-end.
    Aug. 31, 2016, 3:56 PM | 12 Comments
  • Aug. 31, 2016, 6:24 AM
    • "All hands on deck" may soon be a thing of the past. Ship designers, their operators and regulators are gearing up for a future in which cargo vessels sail the oceans autonomously with minimal or even no crew.
    • British engine maker Rolls-Royce (OTCPK:RYCEY) is among those leading the pack, with its Advanced Autonomous Waterborne Applications initiative involving other companies and universities. It predicts unmanned shipping to cut transport costs by 22%.
    Aug. 31, 2016, 6:24 AM | 3 Comments
  • Aug. 30, 2016, 7:46 AM
    • Japan's ANA Holdings (OTCPK:ALNPY) says it could take as long as three years to replace faulty turbine blades in the Rolls-Royce (OTCPK:RYCEY) engines powering its Boeing (NYSE:BA) 787s.
    • The carrier has halted 18 flights in August resulting in ¥82M ($800K) in lost revenue as it works on the jets and has said it may cancel other flights in coming months.
    • "It is an issue but it's a manageable issue," Rolls-Royce CEO Warren East told Reuters. "With the more intensive use, the natural wear and tear on the engines happens sooner."
    • Of the 445 Dreamliners in operation worldwide, about 40% use the Rolls-Royce engines.
    Aug. 30, 2016, 7:46 AM | 6 Comments
  • Aug. 25, 2016, 9:46 AM
    • ANA Holdings, Japan's largest airline and the world’s biggest operator of Boeing’s (BA -0.5%) Dreamliner jet, says it has canceled nine flights with the jets scheduled for Friday and may have to scrap an additional 300 or more through the end of September.
    • ANA is checking the Rolls-Royce (OTCPK:RYCEF, OTCPK:RYCEY) engines on its fleet of 787s after investigating a February incident when an aircraft had to shut down a power plant and return to the airport.
    • The issue came to the fore after ANA found corrosion on the turbine blades; the airline's entire fleet of 787s is powered by Rolls-Royce engines.
    Aug. 25, 2016, 9:46 AM | 18 Comments
  • Jul. 28, 2016, 8:58 AM
    • Rolls Royce (OTCPK:RYCEF): Q2 EPS of 96.72p.
    • Revenue of £6.48B (+1.7% Y/Y).
    Jul. 28, 2016, 8:58 AM
  • Jul. 12, 2016, 10:40 AM
    • Cost savings of up to £1B are possible but there is no target set yet, Rolls-Royce (OTCPK:RYCEY +0.9%) CEO Warren East told reporters at the Farnborough Airshow.
    • The company is also ready to provide Boeing with an engine should it design a new plane, as a turnaround plan at the British firm gains traction.
    Jul. 12, 2016, 10:40 AM
  • Jul. 11, 2016, 9:01 AM
    • Rolls-Royce (OTCPK:RYCEY) is buying the outstanding 53.1% shareholding in Industria de Turbo Propulsores, owned by SENER Grupo de Ingenieria, for €720M.
    • The company said the agreement allowed it the flexibility to settle up to 50% of the purchase price in shares.
    Jul. 11, 2016, 9:01 AM