Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holdings plc    RR.   GB00B63H8491

ROLLS-ROYCE HOLDINGS PLC

(RR.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Rolls Royce : signs agreement with UK MOD to strengthen support for key Royal Navy programmes

10/22/2020 | 11:04am EST

Rolls-Royce has signed a collaborative agreement with the UK Ministry of Defence (MOD) to strengthen ways of working across key Royal Navy programmes.

The Memorandum of Understanding describes a commitment of both parties to work together to deliver on-going support for Rolls-Royce MT30 and WR-21 engines and an understanding of how that will be done.

Alex Zino, Director Business Development and Future Programmes at Rolls-Royce Defence said:

'The signature of this collaborative agreement has been as a result of a close working relationship between Rolls-Royce and the UK MOD. Adopting a more streamlined approach to our ways of working, will not only deliver significant strategic benefits, but also demonstrates our commitment to providing the best equipment and support for our armed forces customer.'

The agreement will improve on-going support for the Rolls-Royce MT30 engines that power the Royal Navy's Queen Elizabeth Class (QEC) Aircraft Carriers. It also covers support of the WR-21 engines that power the Royal Navy's Type 45 destroyers.

In-service with navies across the globe, the MT30 gas turbine alternators provide the power needed for the huge Aircraft Carriers to operate, turning the propellers that drive them through the water at speeds in excess of 25 knots and the other electrical services that enable the ships to operate.

The MT30 marine gas turbine has been specifically designed for 21st century ships. This is important for the QEC programme with a 50-year service life expectancy; a guarantee that the engine will be able to deliver the power demands of tomorrow, as operational requirements increase requiring new equipment and upgrades to weapon and radar systems.

About Rolls-Royce Holdings plc

Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.

Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.

Annual underlying revenue was GBP15.45 billion in 2019, around half of which came from the provision of aftermarket services.

In 2019, Rolls-Royce invested GBP1.46 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about ROLLS-ROYCE HOLDINGS PLC
07:09aROLLS ROYCE : to create global aerospace leader as part of review of Civil Aeros..
PU
04:45aEuropean shares slip on Brexit, downbeat economic data
RE
12/02ROLLS ROYCE : Buys Servowatch Systems for Undisclosed Sum -- Deal Digest
DJ
12/02ROLLS ROYCE : acquires leading supplier of ship control systems Servowatch
PU
12/01CLOSING THE GAP : The route to 100% aircraft...
PU
11/30ROLLS ROYCE : A new start – with SAF
PU
11/25ROLLS ROYCE : to supply Bibloc pressure transmitters to Hinkley Point C nuclear ..
AQ
11/25Pandemic Spurs U.K. Companies to Tap London Equity Market at Fastest Pace in ..
DJ
11/19Airbus, Boeing expected to turn to hybrid engine technology for new planes - ..
RE
11/19UK aviation regulator says working hard to mitigate Brexit risks
RE
More news
Financials
Sales 2020 11 050 M 14 861 M 14 861 M
Net income 2020 -2 940 M -3 954 M -3 954 M
Net Debt 2020 3 964 M 5 330 M 5 330 M
P/E ratio 2020 -1,16x
Yield 2020 -
Capitalization 9 755 M 13 014 M 13 118 M
EV / Sales 2020 1,24x
EV / Sales 2021 1,24x
Nbr of Employees 51 700
Free-Float 99,4%
Chart ROLLS-ROYCE HOLDINGS PLC
Duration : Period :
Rolls-Royce Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROLLS-ROYCE HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 102,12 GBX
Last Close Price 116,75 GBX
Spread / Highest target 114%
Spread / Average Target -12,5%
Spread / Lowest Target -73,6%
EPS Revisions
Managers
NameTitle
David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Stephen Wayne Daintith Chief Financial Officer & Executive Director
Paul Stein Chief Technology Officer
Lewis William Killcross Booth Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ROLLS-ROYCE HOLDINGS PLC-50.20%13 014
RAYTHEON TECHNOLOGIES CORPORATION-18.56%108 512
LOCKHEED MARTIN CORPORATION-6.26%101 103
NORTHROP GRUMMAN CORPORATION-12.46%49 810
GENERAL DYNAMICS CORPORATION-13.04%43 906
L3HARRIS TECHNOLOGIES, INC.-3.20%40 245