Rolls-Royce on a roll
Rolls-Royce has scored yet another contract in Farnborough Air how week, this time with Synergy Aerospace, a Brazil-based conglomerate.
Rolls-Royce has scored yet another contract in Farnborough Air how week, this time with Synergy Aerospace, a Brazil-based conglomerate.
The UK power systems developer will provide Trent 700 engines and its Totalcare long-term engine service support package for nine Airbus A330 aircraft operated by Synergy.
The $630m contract marks the continuation of the two firms' relationship.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Of the nine aircraft ordered, six will be passenger and three freighter.
The contract win follows an announcement earlier in the day of an order for Trent 700 engines by Garuda Indonesia Airlines to power 11 A330 aircraft.
The share price fell 0.29% to 865p by 11:17. Shares are down nearly two per cent, or 17p, in the past week.
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published