ErnieBilco
1 month ago
News out today:
Rolls-Royce today welcomed the announcement that the Australian Government would be investing in its ongoing AUKUS preparations. This supplements the expansion funding already committed by the UK Ministry of Defence (MOD).
To meet the growth in demand from the Royal Navy, which includes AUKUS delivery commitments, work is already underway to double the size of the Rolls-Royce Submarines site in Raynesway, Derby.
Now jointly funded by UK MOD and the Australian Department of Defence, the expansion work announced last summer will create over 1,000 new jobs in Derby across a range of disciplines, including manufacturing and engineering. It will also see new manufacturing and office facilities being built on recently acquired land surrounding the existing Raynesway site.
In March 2023 it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power new attack submarines as part of the tri-lateral agreement between Australia, the UK and US.
Rolls-Royce Submarines President Steve Carlier said:
Last year we were proud to welcome the Hon Richard Marles MP, Australiaโs Deputy Prime Minister and Minister for Defence, and UK Defence Secretary Grant Shapps, to our Raynesway site to showcase some of the world-class manufacturing and engineering capabilities we have developed over the last 60 years.
This commitment of funding to our existing expansion work shows the trust Australia places on our nuclear expertise and our ability to deliver. We look forward to working with the Australian Submarine Agency to support them in building their own fleet of nuclear-powered submarines.โ
Grant Shapps MP, UK Secretary of State for Defence, said:
In a more dangerous world, todayโs announcement symbolises the huge confidence our close partner Australia has in our world-leading defence industry, including companies such as BAE Systems and Rolls-Royce.
Through these collaborations, British industry will grow, and thousands of jobs created across the country, delivering security and prosperity to our two nations.โ
To support preparation for AUKUS and to meet the additional commitments to the MOD, Rolls-Royce recently announced the opening of two satellite offices in Glasgow and Cardiff. The locations were selected to help access the skilled talent pools in both regions, with more than 100 jobs being created in each city.
To further ensure a steady pipeline of future talent into the industry, Rolls-Royce opened a new Nuclear Skills Academy in Derby in 2022. It will provide 200 apprenticeships each year for at least the next decade.
Rolls-Royce Submarines currently employs more than 4,000 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navyโs submarine fleet.
Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components. Additionally, it provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane.
ErnieBilco
1 month ago
Feb PR:
Rolls-Royce (LSE: RR., ADR: RYCEY) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airlineโs existing widebody fleet of seven Trent 700 powered A330ceo aircraft.
With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.
The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.
Ewen McDonald, Chief Customer Officer, Rolls-Royce โ Civil Aerospace, said:
Todayโs commitment demonstrates Vietjet Airโs confidence in the power of the Trent 7000 to deliver significant sustainability gains alongside a reliable and consistent customer experience. We are proud to continue supporting Vietjet Air as they expand their operation responsibly and sustainably over the coming years.โ
Vietjet Air, Chief Executive Officer, Dinh Viet Phuong, said:
The combination of modern Trent 7000 engines on the newest generation of Airbus A330neo will help Vietjet Air reach new technological heights, improve the quality of our flights, and increase the reliability and efficiency of our operations. Specifically, the addition of newest generation, high-efficiency Rolls-Royce engines will contribute significantly to Vietjet Airโs ESG plan to achieve net zero emissions by 2050.โ
ErnieBilco
10 months ago
Can You Guess This $2 Stock?
Rachel Gearhart | Associate Publisher | The Oxford Club
Rachel Gearhart
I'll start by saying... it's a well-known company you're almost guaranteed to know by name. (Fortune magazine had it listed as one of the "Top 50 Most Admired Companies.")
I bet you'd recognize its company logo in an instant.
OK, here are some clues...
It brings in billions through aerospace manufacturing... but also is on the cutting edge of nuclear power... batteries... machine learning... and artificial intelligence.
Its income, including equity sales, was more than Disney's or Tesla's last year... and it has a sales backlog of over $75 billion... plus a Netflix-like revenue model estimated to add an extra $15 billion per year.
Its stock is trading for less than $2.
It's not Lockheed Martin... Boeing... Northrop Grumman... or GE...
Think You Know the Answer? - Click Here
Sincerely,
Rachel
P.S. Here are a few more clues...
The company is working on a nearly $5 billion-per-year project to build nuclear reactors for the United Kingdom.
It makes jet engines for the Airbus A330, A340, A350 and A380... plus the Boeing 777 and 787 Dreamliner.
It has a $2.6 billion deal to supply 650 F130 jet engines to the United States Air Force.
The company has built a new microgrid battery container that produces 14X more energy than a Tesla Model X.
It built a new engine for ships that uses methanol, which is both safer and easier to store than traditional fuels.
Think You Know the Answer? - Click Here
P.P.S. I'll even throw in a few more hints...
It builds massive, 2,000-horsepower super-engines for leisure fishing boats and luxury yachts.
It's building hyper-quiet trains that reduce noise by 75%... while using up to 30% less fuel!
It supplies propulsion systems for Svitzer tugboats in Brazil.
The company recently released the world's fastest all-electric plane.
It is working on giant electric passenger drones that may replace helicopters. These things can go 200 miles per hour and are set to be released in 2024.
Discover the Mystery Stock That's NOT in Your Portfolio Right Now