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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 confirmed that it has withdrawn from a competition to power Boeing’s planned mid-market aircraft because it couldn’t be sure it would meet the proposed timetable.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.

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