Rolls-Royce Holdings PLC

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services. The Power Systems segment includes engines, power systems and nuclear systems for civil power generation. The Defense segment consists of military aero engines, naval engines, submarines and aftermarket services. The ITP Aero segment provides aeronautical engines and gas turbines. The company was founded in March 1906 and is headquartered in London, the United Kingdom.

Virgin Galactic

Virgin Galactic is making strides towards its goal of creating high-speed commercial aircraft that operates a little closer to Earth than its existing passenger spacecraft. The company revealed the initial design of the commercial passenger airplane it’s creating that’s designed to fly at speeds in excess of Mach 3 – faster than the average cruising […]

Virgin Galactic debuts design of future Mach 3 high-speed aircraft, signs deal with Rolls-Royce

Boom Supersonic, the Colorado -based startup working on creating a supersonic passenger jet to continue and dramatically advance the legacy of the original Concorde, has signed on Rolls-Royce to build the propulsion system for its Overture commercial aircraft. Boom is getting very close to actually beginning to fly its XB-1, a sub-scale demonstrator aircraft that […]

Boom Supersonic enlists Rolls-Royce to help build the engines for world’s fastest commercial aircraft

DENVER, July 30, 2020 /PRNewswire/ -- Boom Supersonic, an aerospace company building the world's fastest civil aircraft, and leading industrial technology company, Rolls-Royce, today announced an engagement agreement to explore the pairing of a Rolls-Royce propulsion system with Boom's.

Boom Supersonic and Rolls-Royce Agree on New Collaboration for Supersonic Overture Engine Program Design

Rolls-Royce is planning a share issue to raise up to 1.5 billion pounds ($1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources told Reuters.

Exclusive: Rolls-Royce plans $1.9 billion share issue to bolster finances, sources say

Aerospace engineer Rolls-Royce burned through 3 billion pounds ($3.8 billion) in the first half as the hours flown by its engines halved due to the COVID-19 pandemic, and said it expected a further 1 billion pound outflow in the second half.

Rolls-Royce burns through 3 billion pounds, expects more cash outflows

Rolls-Royce stock dropped on Friday given the announcement that there might be a stock issue coming as an emergency fundraising.

Rolls-Royce And The Possible Stock Issue

British aerospace engineer Rolls-Royce said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery after the COVID-19 pandemic.

Rolls-Royce reviewing balance sheet options after COVID-19 hit

Volkswagen AG

After a stint at Rolls-Royce that so short he wouldn’t have found the tea bags, Kaban is returning to head up design for the Volkswagen car brand in Wolfsburg, Germany.

Bugatti Veyron Designer Joins Volkswagen After Leaving Rolls-Royce

Steven Wood, founder of GreenWood Investors discusses a wide range of topics.

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The possible enforcement of an additional $3.1-billion tariff comes after the United States levied $7.5-billion tariffs on aircraft and other goods from the European Union last October.

US Mulls More Tariffs on EU Goods : Aerospace Stocks in Trouble?

S&P's Rolls Royce Downgrade - Perhaps Too Hasty

Ratings agency Standard & Poor's cut engine maker Rolls-Royce's  credit rating to junk on Thursday, citing the disruption caused to global air travel from the COVID-19 pandemic.

S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit

Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation industry dealt by the coronavirus pandemic. The company, which makes engines for planes such as the Boeing 787 and Airbus 350, said on Wednesday it could also close factories.

Rolls-Royce axing 9,000 workers, mostly from civil aerospace

Rolls-Royce plans to cut at least 9,000 jobs in the latest blows to the U.K. economy and aviation industry dealt by the coronavirus pandemic.

Britain's Rolls-Royce to axe 9,000 jobs in air travel slump

Britain's government stands ready to help those affected by a plan at engine maker Rolls-Royce  to cut at least 9,000 jobs, a spokesman for Prime Minister Boris Johnson said on Wednesday.

Britain ready to support Rolls-Royce employees over job cuts

Rolls-Royce (LON: RR) announced it is forced to cut 9,000 jobs as the COVID-19 outbreak continues to paralyze the airline industry. Shares of the company have surged 6% on the announcement to trade above the multi-year lows.

Rolls-Royce stock price surges 6% on major job cuts

Rolls-Royce  plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation industry dealt by the coronavirus pandemic.

Britain's  Rolls-Royce to axe 9,000 jobs in air travel slump

Aircraft engine maker Rolls-Royce is cutting at least 9,000 jobs because of the collapse in demand for air travel caused by the coronavirus pandemic.

Rolls-Royce is cutting at least 9,000 jobs as the coronavirus slams aviation

Rolls Royce  could close some of its factories as part of a programme to cut 9,000 jobs in response to the crisis in the global aviation industry, its chief executive said on Wednesday.

Rolls Royce could shut some factories with job cuts programme: CEO

British aero-engine maker Rolls-Royce  said on Thursday it placed over 4,000 staff on furlough in the UK as it combats the impact of the COVID-19 pandemic on its business.

Rolls-Royce furloughs over 4,000 staff in UK amid pandemic

As per the sources, Rolls-Royce (LON: RR) is planning on cutting its workforce by up to 15% as the Coronavirus pandemic weighs on demand and pushes airlines into parking some of their planes. The sources further added that the size of the job cut has not been finalised yet as the negotiation is currently ongoing.

Rolls-Royce in negotiations to layoff up to 15% of its workers

British aero-engine maker Rolls-Royce Holdings is considering cutting up to 15% of its workforce, a source told Reuters, as customers cut production and airlines park planes due to the coronavirus pandemic.

Rolls-Royce considers cutting up to 15% of its workforce: Source

British aero-engine maker Rolls-Royce Holdings Plc  is planning to slash up to 8,000 jobs, the Financial Times reported https://www.ft.com/content/027ce53d-8770-48a6-ba7b-000d979033b0 on Friday.

Rolls-Royce to cut up to 8,000 jobs as aviation crisis bites - FT

Rolls Royce has solidified a niche position in an extremely defensible industry supported by multi-decade tailwinds.

Rolls Royce Is A Classic Cigar Butt Investment

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To cope up with the economic impacts of coronavirus outbreak, airline companies are taking initiatives like delaying deliveries of new jets. In a ripple effect, jet engine makers are bearing the brunt.

News for Rolls-Royce Holdings PLC Stock (RYCEY)