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
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
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published