BottomBounce
4 years ago
$RYCEF Rolls-Royce won a $26.5 million modification external link, which exercises an option that provides for the production and delivery of eight AE1107C engines for the Navy and four for the Air Force in support of the V-22 Osprey. The V-22 Osprey is a joint-service, medium-lift, multimission tilt-rotor aircraft developed by Boeing and Bell Helicopters. Boeing is responsible for the fuselage, landing gear, avionics, electrical and hydraulic systems, performance and flying qualities. Work will take place in Indiana. Estimated completion will be in December 2022. https://www.defenseindustrydaily.com/rolls-royce-contracted-with-v-22-engine-support-lebanon-to-sell-hawker-hunters-japan-resumes-f-5-flights-045440/
BottomBounce
4 years ago
$RYCEF Rolls-Royce Holdings PLC is in talks with Spanish aerospace group Aciturri Aeronautica to sell ITP Aero, one of its largest subsidiaries, Sky News reports.
--Aciturri is plotting a 1.5 billion-pound ($2.06 billion) bid for the business, which makes aero engines and turbines, Sky News reports.
--Additional prospective bidders are likely to include buyout firms Carlyle and KKR, and Spanish aerospace group Aernnova, according to Sky News.
https://news.sky.com/story/spanish-aerospace-group-aciturri-plots-1-5bn-bid-for-rolls-royce-wing-itp-aero-12257260