Rolls-Royce Holding PLC

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  • 767.75p
  • 0.50p (0.07%)

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Rolls-Royce share price: Air New Zealand cancels flights amid engine issues

Air New Zealand cancels flights amid Rolls-Royce engine issues

British engine maker working to minimise disruption

4 days ago

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About Rolls-Royce Holding PLC

Rolls-Royce Holding PLC(LON:RR) is active in developing, manufacturing, selling and servicing of engines for commercial and military aircraft, marine propulsion systems and power systems for the offshore oil and gas industry and electricity generation. Accordingly, it has four business divisions: civil aerospace, defense aerospace, marine and energy. The company employs over 40,000 people, including more than 11,000 engineers, in over 50 countries.
Headquartered in London, United Kingdom, Rolls-Royce Holdings is the world’s third-largest maker of aircraft engines after General Electric Co. and Pratt & Whitney (February 2013). Founded by Charles Rolls and Henry Royce in 1906 as Rolls-Royce Limited, it produced its first aircraft engine in 2014.
The group's aerospace business currently provides commercial and military gas turbine engines for commercial, military, and corporate aircraft customers around the world. Rolls-Royce Holdings' engines are in service with 500 airlines and over a hundred armed forces worldwide. More than half the company's order book is from the Middle East and Asia. Its subsidiary Rolls-Royce Marine Power Operations Ltd manufactures nuclear reactors for Royal Naval submarines.
The company is listed on the London Stock Exchange, where it is a constituent of the blue-chip FTSE 100 Index.
Rolls-Royce Holdings' latest acquisitions include PKMJ Technical Services, a nuclear engineering services business in the United States, which was bought in January 2013 to boost growth for Rolls-Royce in the nuclear services market.
John F. Risthton is Chief Executive of the group. Ian Davis is Chairman.

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