Rolls-Royce To Deliver Fewer Airbus Engines in Q4
October 26 2018 - 9:09AM
Dow Jones News
By Maryam Cockar
Rolls-Royce Holdings PLC (RR.LN) said Friday that it expects to
fall short of its prior engine-delivery projection for Airbus's new
A330neo in the fourth quarter, but backed its full-year
guidance.
The engineering company expects to deliver fewer Trent 7000
engines in the fourth quarter than originally planned as a result
of challenges in early-stage production.
Rolls-Royce now expects to deliver about 500 engines compared
with a previous projection of 550 engines.
The company said while the production issues in the fourth
quarter are "regrettable", challenges in the early stages of a new
engine program are not uncommon.
Rolls-Royce is confident Trent 7000 production and delivery
volumes will increase significantly in 2019.
The company reiterated its financial guidance for 2018 profit
and free cash flow as provided at the time of its interim results
in August.
At 1232 GMT, Rolls-Royce shares were down 37 pence, or 4.2%, at
835 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
October 26, 2018 08:54 ET (12:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Rolls Royce (PK) (USOTC:RYCEY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rolls Royce (PK) (USOTC:RYCEY)
Historical Stock Chart
From Jul 2023 to Jul 2024
