Rolls-Royce Invests More Than $1 Billion in Environmental Performance

   By Dieter Holger

Rolls-Royce Holdings PLC (RR.LN) said Monday that more than two-thirds of the 1.4 billion pounds ($1.85 billion) it spent on research and development last year went to improving the environmental performance of its products.

The British aviation engineering company said it made progress in lowering carbon-dioxide emissions per passenger kilometer by 75% by 2050.

"With significant forecasted growth in passenger demand it is critical that we continue to develop new engine technologies that meet customer's expectations for efficiency," Rolls-Royce said.

The Trent 7000 engine that went into service this year delivers 10% better fuel-efficiency than the engine it is designed the replace, Rolls-Royce said.

Looking forward, the company said it continues to research electric aircraft flight and will launch graduate and apprentinceship programs in the field.

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

(END) Dow Jones Newswires

March 25, 2019 07:31 ET (11:31 GMT)

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