Rolls-Royce Engine Problems Continue
June 11 2018 - 2:53AM
Dow Jones News
By Carlo Martuscelli
Rolls-Royce Holdings PLC (RR.LN) said Monday that it identified
an issue with a small number of package B engines, which are used
in Boeing Co. (BA) aircraft.
The company said it agreed with Boeing and the relevant
regulatory authorities that it will conduct an inspection of its
Trent 1000 Package B fleet. The package B standard, which has been
in service since 2012, consists of 166 engines, it said.
The announcement comes after the British engineering company
said it encountered a similar issue in a number of its package C
engines.
Rolls-Royce said while the inspection will incur some additional
costs, the company backed its 2018 guidance for free cash flow of
about 450 million pounds ($603.1 million), plus-or-minus GBP100
million.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
June 11, 2018 02:38 ET (06:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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