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Mon, Sep. 1, 10:17 AM
- As the U.S. military explores ways to cut costs of its V-22 Osprey aircraft, Rolls-Royce (OTC:RRCEF) may lose its place as the program's sole engine provider.
- "The V-22 Program is continually investigating ways to reduce the life cycle costs of the aircraft," announced the U.S. Navy by email. "Knowing that more than 90% of the operational use of the V-22 is in the future, coupled with budget pressures, it is prudent to investigate alternatives to existing systems and the engine is no exception."
- Each V-22 is currently powered by two Rolls-Royce AE1107C engines.
- The U.S. Marine Corp is in the process of acquiring 360 MV-22s, while the Pentagon this fiscal year is acquiring the last CV-22s for the Air Force. The aircraft are also attracting several overseas buyers.
Fri, Aug. 1, 7:02 AM
Mon, Jul. 14, 6:38 AM
- Airbus (OTCMKTS:EADSY) has finally confirmed its newly upgraded A330neo jet which it plans to start delivering in 2017.
- As reported earlier, the new wide-body plane will be 14% more fuel efficient due to enhanced aerodynamics and larger Rolls-Royce (OTCMKTS:RRCEF) engines.
- Airbus' revamped jet seeks to rival Boeing's (NYSE:BA) 787 Dreamliner. However, while the 787 will still provide greater fuel savings, the A330neo will have a lower price tag and repair costs.
Fri, Jul. 11, 4:42 AM
- Following yesterday's report that the A330neo will be unveiled at the Farnborough Air Show in the U.K. next week, Airbus (EADSF) has released some specs of the upgraded commercial jet.
- The new wide-body plane will be 14% more fuel efficient due to new winglets (increasing the jet's wingspan) and larger Rolls-Royce (RRCEF) engines. The A330neo will also be able to carry more passengers and fly farther.
- Airbus states these preliminary features are still subject to change.
Thu, Jul. 10, 9:29 AM
- Rolls-Royce (RRCEF) and Eaton (ETN) will continue their Trent XWB-97 engine program which supplies turbofan engines to aircraft-maker Airbus. Under the partnership, Eaton will continue providing engine build-up solutions to manufacturer Rolls-Royce.
- “We are excited to continue our involvement on the Trent XWB engine program by providing a reliable, lightweight and technically advanced engine build-up solution for the XWB-97," says Uday Yadav, President of Eaton's Aerospace Group.
Fri, Jun. 27, 6:39 AM
- After much discussion to revamp its A330, Airbus (EADSF) is now close to a decision which will allow Rolls-Royce (RRCEF) to become the exclusive provider of the upgraded planes' new engines, CNBC reports.
- The announcement reinforces the bond between the two companies, as the current jet engine supply is also provided by rival GE (GE). The new A330neo will be a wide-body jet with new wingtips, and save up to 15% in fuel costs.
Thu, May. 1, 8:46 AM
- Iran would purchase 400 new aircraft over 10 years if sanctions were lifted, the country's top aviation official reportedly says. The country has been banned from purchasing new Western airliners since the 1970s.
- Of Iran's 250 commercial planes, about 150 are flying and the rest are "not functional" because of a lack of spare parts. The average age of the nation's commercial fleet is 22 years.
- Under the recent deal with the international community over its nuclear program, Iran is allowed to acquire spare parts and services on a limited basis.
- Companies that could benefit from Iran being allowed to buy aircraft include Boeing (BA), Airbus (EADSY), Bombardier (BDRAF), Embraer (ERJ), GE (GE) and Rolls-Royce (RRCEF).
Wed, Apr. 16, 7:50 AM
Sep. 29, 2013, 2:32 AM
- GE (GE) has obtained a $1B order to supply Vietnam Airlines with engines for a fleet of Dreamliners, with the conglomerate beating out competition from Rolls Royce (RRCEF.PK). The official signing of the deal is set to take place next month.
- The carrier is due to start receiving 19 787-9 aircraft in 2015.
Sep. 11, 2013, 9:16 AM
Jun. 20, 2013, 8:05 AM
Apr. 18, 2013, 9:52 AMOnce the Boeing (BA) 787's new battery system is approved and flights resume, its Rolls-Royce (RRCEF.PK) Trent 1000 engines will need extra inspections, the European Aviation Safety Agency says. The regulator is worried about the degradation of seals on the engines' intermediate pressure turbine section. The condition "could lead to an in-flight shut-down resulting in reduced control of the airplane," the EASA says. | 1 Comment
Mar. 12, 2013, 8:21 AMBoeing's (BA) board may decide next month to start taking bookings for an updated 777, which would incorporate lightweight carbon-composite wings. Boeing is on the verge of deciding to offer airlines just GE engines for the plane rather than a choice, meaning that Rolls Royce would miss out. Separately, NTSB investigators are narrowing their 787 probe to the batteries rather than other components of the Dreamliner's electrical systems. | 5 Comments
Dec. 6, 2012, 4:00 AMRolls-Royce (RRCEF.PK) -3.2% in London after saying a company review has "identified matters of concern" in its business dealings in China, Indonesia and other markets. Rolls has passed its findings to the U.K.'s Serious Fraud Office, which had made a request for information about allegations of malpractice in Indonesia and China. The company will now appoint an independent auditor to look at its anti-corruption procedures. (PR) | Comment!
Jul. 23, 2012, 1:37 PMAll Nippon Airways grounded five of its 11 Boeing (BA -1.4%) 787 jets after endurance testing revealed a risk of corrosion on the planes' Rolls Royce engines, although three of the aircraft have been repaired and are flying again. The problem involves a gearbox provided by United Technologies (UTX -1.5%) unit Hamilton Sundstrand. | Comment!
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