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Stock Market & Financial Investment News

News Breaks
October 9, 2012
07:34 EDTRYCEYRolls-Royce awarded $103.3M contract by U.S. Department of Defense
Rolls-Royce Holdings said Tuesday it was awarded a $103.3M MissionCare contract by the U.S. Department of Defense to provide support for the F405 Adour engines that power the U.S. Navy's T-45 training aircraft. Main facts include: contract exercises the fourth option year to provide guaranteed engine availability; includes support ranging from on-wing through intermediate and depot level maintenance, under a five-year base contract that began in 2008; under the agreement, administered by NAVAIR, Rolls-Royce will provide inventory control, as well as integrated logistics support and required engineering elements for both the F405 engine and the aircraft gas turbine starting system; shares at 0703 GMT down 3 pence, or 0.3%, at 879 pence valuing the company at GBP16.5B.
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May 7, 2013
07:28 EDTRYCEYRolls-Royce to replace a LOT Dreamliner engine, Reuters reports
Rolls Royce (RYCEY) will replace one of the engines of a Boeing (BA) 787 Dreamliner owned by Polish carrier LOT that's grounded in Chicago, due to a technical issue, reports Reuters. LOT's other Dreamliner is grounded in Warsaw. Reference Link

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