New factory for Rolls-Royce
Britain's blue chip aero engine manufacturer Rolls-Royce has started 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 of marine, has been appointed president of aerospace, replacing Mark King who has resigned. Lawrie Haynes, currently president of 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.
