Full Year Results 

Rolls-Royce opts for prudence over competition

Rolls-Royce opts for prudence over competition

Rolls-Royce (RR.) confirmed that it has withdrawn from a competition to power Boeing’s planned mid-market aircraft because it couldn’t be sure it would meet the proposed timetable. Management may have been reluctant to commit capital and resources, as the aerospace giant is still addressing technical issues on the Trent 1000 engine which Boeing employs on its Dreamliner 787 series. The additional inspections, repairs and redesigns meant the group increased the exceptional charge on the Trent 1000 to £790m, while another £186m covered issues connected with the Trent 900, ergo the closure of Airbus' A380 production line.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now