Rolls-Royce, the FTSE-100 global power systems company, has won an order for its Trent engines from Singapore Airlines worth a whopping 2.6bn dollars at list prices.
The order, for engines to power 20 Airbus A350-900 and five Airbus A380 aircraft, also includes Rolls' long-term service support product called TotalCare.
Singapore Airlines is a significant customer for Rolls-Royce. It currently operates 19 Airbus A380s powered by Trent 900 engines and 19 Airbus A330s powered by Trent 700 engines.
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
The order for 20 A350-900 aircraft follows Singapore Airlines' June 2007 order of 20 Airbus A350-900 aircraft, taking the total order to 40 A350 aircraft to be powered by Trent XWB engines.
Consensus estimates for the full year, ending December 31st, are for pre-tax profits of £1.41bn on revenues of £12.40bn.
CM
-
Water companies blocked from using customer money to pay “undeserved” bonusesThe regulator has blocked three water companies from using billpayer money to pay £1.5 million in exec bonuses
-
Will the Bitcoin price hit $100,000?With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
