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

ROLLS-ROYCE HOLDINGS PLC

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Rolls Royce : to Upgrade Mississippi Naval Facility

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08/12/2020 | 04:55am EDT

By Anthony O. Goriainoff

 

Rolls-Royce Holdings PLC said Wednesday that it will invest millions of dollars to upgrade its naval facility in Pascagoula, Mississippi, alongside the U.S.'s Defense Production Act Title III office.

The U.K. engineering company said the DPA Title III office has already agreed to invest $22 million for equipment, and that Rolls-Royce will be making an additional investment for building improvements, supplemented with support from Jackson County and the state of Mississippi.

The company said the new investment will strengthen its ability to manufacture propellers and propulsor components for navy ships, and that it will build a new 26,000-square-foot building, with new foundry and machining equipment provided by DPA Title III funding, which will support new jobs and workforce development.

Rolls-Royce said naval components manufactured at Pascagoula include controllable-pitch propeller systems, fixed-pitch propellers, and water jets, and that these help power the majority of U.S. navy ships, including aircraft carriers, destroyers and other vessels.

Shares at 0835 GMT were down 2.70 pence, or 1%, at 271 pence.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

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Financials
Sales 2020 10 927 M 13 940 M 13 940 M
Net income 2020 -2 254 M -2 876 M -2 876 M
Net Debt 2020 5 450 M 6 953 M 6 953 M
P/E ratio 2020 -1,17x
Yield 2020 -
Capitalization 2 969 M 3 771 M 3 787 M
EV / Sales 2020 0,77x
EV / Sales 2021 0,77x
Nbr of Employees 51 700
Free-Float 99,4%
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Technical analysis trends ROLLS-ROYCE HOLDINGS PLC
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Mean consensus HOLD
Number of Analysts 20
Average target price 280,83 GBX
Last Close Price 154,75 GBX
Spread / Highest target 264%
Spread / Average Target 81,5%
Spread / Lowest Target -48,3%
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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
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