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Rolls-Royce Group plc has previously announced that it proposed to make a lump sum contribution of £500 million across its three main UK defined benefit pension schemes as part of a strategy to reduce the overall deficits.
Rolls-Royce today announced plans to invest in two new aero engine facilities in Singapore and in the Commonwealth of Virginia in the United States.
A new facility formally opened today at the Rolls-Royce Bristol plant is the final component of an ambitious investment plan, launched more than three years ago, to build a series of ‘focused factories’ with world-class manufacturing capability.
Derby South MP the Rt Hon Margaret Beckett is the guest of honour today (Monday, 17 September) as Rolls-Royce marks investment programmes totalling around £100 million by formally opening two additional world-class aerospace facilities in the city – a manufacturing centre for aero engine components, and one of the world’s largest test beds.
Rolls-Royce announced today that Iain Conn, an independent non-executive director, has been appointed as the Senior Independent Director and John Rishton, an independent non-executive director, has been appointed as the Chairman of the Audit Committee, in succession to Peter Byrom who will remain on the Rolls-Royce Board.
Rolls-Royce today opened a new University Technology Centre (UTC) at Karlsruhe University in Germany to research cooling in gas turbine combustors and turbines and related technologies required to improve the fuel efficiency and environmental performance of future aero engines.
The firm and announced order book, at constant exchange rates, was £35.1bn (2006: year end £26.1bn). Aftermarket services represented 33 per cent of the order book (2006: year end 38 per cent).
Rolls-Royce announced today the appointment of Helen Alexander CBE, as a non-executive director with effect from 1 September 2007.
Rolls-Royce announced today the appointment of Mike Terrett as an executive director and as Chief Operating Officer, with effect from 1 September 2007.
The newly appointed Secretary of State for Innovation, Universities and Skills, John Denham, is visiting Rolls-Royce in Derby today to see progress on the £95 million Environmentally Friendly Engine (EFE) programme, which is now entering its manufacturing phase.
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