Rolls Royce

Aurora Flight Sciences Develops Vertical Takeoff X-plane with Defense Agency and Investment Firm

Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.

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Rolls-Royce Cuts Half of Its Dividends

Rolls-Royce halved its dividend payment to shareholders this year. However, many were relieved to get a dividend amount itself, especially since the company had issued five profit warnings in two years. Despite a fall in profit by 12%, the company shares jumped 13%.

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The First Rolls Royce Dawn Convertible Auctions For $750,000, Insurance Mogul Julian Movsesian Wins The Bid

Rolls has been participating in the Naples Winter Festival for the last 15 years with the first production of any new version placed for auction. The first copy Dawn Convertible has been auctioned in January 31 for $750,000 and thus collects $4.8 million in total. The amount received from auction is dedicated for Naples Children & Educational Foundation (NCEF).

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Rolls’ Again Bags Sweet $2.7billion Contract Defeating Rival GE

Rolls has defeated joint venturing General Electric and Pratt & Whitney while being awarded a £6.1billion deal with Emirates during April last year. Now the British car manufacturer again succeeds in snatching another deal worth $2.7billion with airline company Norwegian. The recent achievement is believed to accelerate Rolls CEO’s ongoing overhauling efforts aiming to establish transparency and cost cut of $200 million a year by 2017.

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Rolls-Royce is planning to cut more jobs in the Marine Division

Rolls-Royce is planning to cut almost 400 jobs in its marine division according to a reliable source. The company which has been reported a series of losses this year is expected to perform the job cuts as soon as next week. It is believed that the job cut done as a way for the company to stay profitable.

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Rolls-Royce dragged into Brazil's corruption scandal, accused of giving kickbacks to authorities investigating Petrobras

British engineering crown jewel Rolls-Royce is dragged into the giant Brazilian scandal, as it has been accused of giving kickbacks to officials involved in the state-owned oil giant Petrobras.

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Grilled: Lexus seeks design edge over premium rivals

Big may be beautiful, but Toyota Motor Corp's (7203.T) global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.

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GE finances first A350 powered by rival Rolls-Royce

When the Airbus (AIR.PA) A350 jet made its commercial debut with Qatar Airways this week, the event marked a milestone for engine supplier Rolls-Royce (RR.L), but slipping unnoticed under the radar with financing was its arch-rival General Electric (GE.N).

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Airbus to juggle jet production, defends poor-selling A380

Airbus edged closer toward raising production of its best-selling model on Tuesday, declaring the supply chain stable and hinting at a decision to produce more of its A320 cash cow in coming months.

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Rolls-Royce wins $5 billion order from Delta

Britain's Rolls-Royce (RR.L) said it won a $5 billion contract to supply aero engines to power 50 new Airbus (AIR.PA) planes ordered by Delta Air Lines (DAL.N).

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Rolls-Royce finalizes engineering JV with Hispano-Suiza

British engineer Rolls-Royce said on Friday it has finalised a deal to create a joint venture which will design and develop accessory drive train transmissions for all of the company's future civil aircraft engines.

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Rolls-Royce selected by Norwegian for nine Dreamliner engines

British engineering company Rolls-Royce (RR.L) said airline Norwegian (NWC.OL) had selected its engines to power nine Boeing (BA.N) Dreamliner aircraft and signed up for a long-term maintenance and servicing contract worth $440 million.

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Daimler to get 5pct stake in Aston Martin for supplying engines and electronic components

German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a new generation of V8 engines for sports cars.

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Turbomeca buys Rolls-Royce's helicopter engine program stake for EUR293 million

Rolls-Royce had sold its 50% stake in the RTM322 helicopter engine program to its program partner Turbomeca by Safran for EUR239 million or USD386 million.

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