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British engine manufacturer Rolls-Royce plans to invest around one billion pounds (around 1.17 billion euros) over the next three years in improvements to its Trent 1000 (Boeing 787), Trent XWB-97 (Airbus A350-1000) and Trent 7000 (Airbus A330neo) large engines.
This was announced by Tufan Erginbilgic, CEO of Rolls-Royce, last week at the presentation of the 2023 business figures.
"The Trent XWB-97 is a powerful engine in non-dusty, non-sandy markets," said Erginbilgic. For extreme operating environments, for example in the Middle East, Rolls-Royce wants to double the "time on wing", the time between two major maintenance measures, of the Trent XWB-97 over the next two to three years.
Among other things, this is to be achieved through more resistant coatings on the high-pressure turbine blades. For more engine-friendly regions, Erginbilgic sees potential for a 50 percent longer "time on wing".
Is Emirates now ordering A350-1000s?
According to Erginbilgic, he met with Tim Clark, President of Emirates, two weeks ago. "He is very happy about where the journey is going," said Erginbilgic. Clark can hardly wait for the improvements for the engine of the A350-1000 to come onto the market.
Rolls-Royce is hoping that the new blades of the high-pressure turbine for the Trent 1000-TEN will be approved this year. The new blades should double the "time on wing". This will achieve a competitive durability level in 2025. In addition to the Trent 1000, the GEnx-1B from GE Aerospace is also available as an engine for the Boeing 787.
I meant to post that on the iag board inore
I just don't know about this share at times we get decent results but management seem to blow it with the statements they release.
Great listen. I bought in a few years ago now but listening to this would temp to invest more now.
The awarding of the UK's needs for SMR to RR is essential for UK Plc, but to be fair MoU's RR have so far signed with a number of other countries is very much a positive in this regard and can only be a positive. If we win the UK SMR bid process, it's just icing on the cake
I do worry the yanks are playing a dirty trick by setting up skeleton factories here in the UK, and in fact could cause shortage issues in local employment. We should ensure if RR do win the vast majority of the contracts, they adopt any and all other companies employees. In fact they should start that process now to avoid being held to ransom. Forgive me for stating the obvious but people are going to be key to the success of the SMR project and stopping other companies from recruiting the best should be part of the strategy
Third, show respect for our engineering flagships, BAE Systems and Rolls-Royce. The latter, as the Mail on Sunday reported, is leading the race to build the UK's first fleet of mini-nuclear power stations, known as Small Modular Reactors (SMRs).
But the ironically-named government body Great British Nuclear is running a competition for the contract. So Rolls has to slug it out with overseas competitors.
Rolls-Royce, despite past problems, is a name that resonates as synonymous with the best of British. The company, whose shares have risen 160 per cent in the past year, is going gangbusters under new boss Tufan Erginbilgic.
So why not crack on and award it that contract fast – because unless and until that happens, potential export buyers will be asking why they should buy its SMRs while the UK's own government dithers.
Time to fly the flag with pride.
Look UP IAG bulletin board. I've just topped up as the city leaks are saying 3B profit announcement on Friday..DYOR
Interview with Dominic O'Connell @TimesRadio
I've got a small holding in IAG as well and was considering selling RR to buy IAG for the results on 29th, but I've not seen much in the way of news to show much change (other than increased flights) whereas RR seems to have made a real effort to cut costs where possible to increase profits long term... just feel like IAG could be a non-event and end up being a very long hold while waiting for a decent gain...
Unless I've missed everything IAG related in the last 1/4 ?
BUT I dO KnOW tHis… It’s my money!!!!!
Fair play to the tanks - first for everything with a little push up 😂
Out mowing the lawn and came back to find a cheeky little sell order had gone through.
Just enough to skim a little off for mortgage, nursery fees and paying off the bloody Mrs car loan 🤦
I'm personally holding, I have a low average too and it will take something catastrophic for me to sell.
But I also keep an eye on what the analysts are predicting, and RR is still a buy!
I already have IAG and won't sell them either.
It's a personal thing, whether to buy or sell, if you can take profit and be happy, then do that. I'm greedy and want more.
ShareFlyer but you don't know this ! "RR will be the best profit for me"
Cevo - what happened last Thursday re sentiment is irrelevant mate - it is what happens NOW and in the future that IS relevant - in any sector where there is a positive read through there will generally be a positive effect - for example if UK retail sales figures rise then MKS will rise even if they had good results and booming sales a week earlier as the results a week earlier are irrelevant - if you don't understand that then stop trading/investing
At least Ruth hasn't lost hope.👍 Rolls mention near end.
That’s a good question, will be interesting to see people’s views. Personally I’d keep RR but I’d also buy IAG for the potential.
I’m staying put! RR will be the best profit for me! Especially with such a low average!
Been thinking of a selling some RR and buy IAG for result uplift and back to RR which I believe in long term.. my only reservation is i don’t think IAG are trusted so won’t get the uplift they should get - thoughts?
No one can say really, it's just a few quid. sell 1/2 and buy IAG would be my advice.
I've currently got 3000 shares in a isa oweing me £2.10 a share - Hoping this drops to 350 as I think this will be the bottom end of new levels - really in 2 minds to pull out (profit only profit when sold) or just keep topping the ISA up and play the long gain. I don't really need the money at the mo, proper in 2 minds what to do! Genuinely think these will hit 400 by end of Q3