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rolls-royce

Big investor dumps all its Rolls-Royce stock

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ValueAct, a San Francisco-based investment company with more than $16 billion of assets under management, has sold all its shares it Rolls-Royce, according to a report on the Financial Times website.

ValueAct is said by Reuters to have at one stage held almost 10 percent of Rolls-Royce entire stock, which currently capitalizes at approximately $6.3 billion.

One of the most famous names in the industry, Rolls-Royce is one of the world’s leading suppliers of aircraft engines. [Read more…] about Big investor dumps all its Rolls-Royce stock

Siemens sells electric aircraft-propulsion business to Rolls-Royce

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Siemens and Rolls-Royce have signed an agreement for the sale of Siemens’ eAircraft unit. Through its Vision 2020+ company strategy, Siemens intends to sharpen its portfolio’s focus.

Siemens said the company’s business with electric and hybrid-electric systems for aircraft will have substantially better growth perspectives with new owners closely connected to the aerospace industry.

Closing is subject to the usual conditions and is expected to take place in late 2019. The partners have agreed not to disclose the financial details of the transaction.

[Read more…] about Siemens sells electric aircraft-propulsion business to Rolls-Royce

Rolls-Royce to open new research facility in US

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Rolls-Royce will house an R&D group for its jet engine component research in a 40,000-square-foot facility in the Purdue Research Park Aerospace District in West Lafayette, Indiana. (Purdue Research Park image)

Rolls-Royce is to open a new research and development centre in the US. The company formally received the keys to the 55,000-square-foot facility in the Purdue Research Park Aerospace District in West Lafayette. 

Purdue Research Foundation and Rolls-Royce are scheduled to celebrate the building’s opening late March.

David Waggoner, head of programs, customer and operations, control systems in North America for Rolls-Royce, says: “This facility is a great opportunity for us to create something unique to North America but also unique to Indiana, and allow us to strengthen our partnership with Purdue.  [Read more…] about Rolls-Royce to open new research facility in US

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