Britain’s blue chip aero engine manufacturer Rolls-Royce has reported the start of construction of its new state-of-the-art core manufacturing facility in Derby that will produce reactor cores for the UK’s current and future submarines programme.
The commencement of work at Derby was among a list of company achievements from Rolls-Royce since February, including winning a $1.6bn order from International Airlines Group (IAG) for Trent XWB engines to power 18 Airbus A350-1000 aircraft and multiple contracts to provide and service military transport engines for the US Air Force and Marine Corps.
Two new senior appointments were also announced. Tony Wood, who has worked for Rolls-Royce for 12 years and is presently President – Marine, has been appointed President – Aerospace, replacing Mark King who has resigned. Lawrie Haynes, currently President – Nuclear, is appointed to a new position, President – Marine & Nuclear.
The company said trading in the first quarter had been consistent with its expectations and, for the full year, it expects growth in sales and profits.
This material is protected by copyright Ken Hurst 2013.