Streetbeat News

RYCEF

Rolls-Royce Holdings Plc

CEO

D. Warren East

Industry

Small Arms Ammunition Manufacturing

Open

6.85

Mkt cap

58B

Volume

7.6K

High

6.85

P/E Ratio

19.49

52-wk high

7.48

Low

6.78

Div yield

N/A

52-wk low

2.93

Airbus is in discussions with Rolls-Royce for the development of a next-generation narrowbody engine. The Airbus CEO confirmed the talks and mentioned that the company may offer multiple engine options.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:28 pm

Turkish Airlines is set to sign a $20 billion deal with Rolls-Royce Holdings Plc and Airbus SE for local aircraft component production as part of its plane acquisition plan. This deal, expected to be announced in Istanbul, includes the purchase of 230 aircraft from Airbus to enhance its Istanbul hub. The initiative aims to boost Turkey's aviation sector and includes local production of airplane parts with entities like TUSAS Engine Industries Inc. involved.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 1:40 pm

Airbus SE has secured orders for 65 jets from two of Boeing Co's key Asian customers, Japan Airlines and Korean Air, marking a significant shift in the aviation market. This development highlights Airbus's growing influence in Asia and poses challenges for Boeing amidst its manufacturing crisis. The aviation community on Reddit has shown a keen interest in this shift, discussing the potential impacts on Boeing's market position and exploring investment opportunities in companies associated with Airbus, such as engine manufacturers Safran SA, Rolls-Royce Holdings PLC, General Electric Co, and RTX Corp.

Portfolio Pulse from Surbhi Jain

March 22, 2024 | 5:08 pm

Airbus SE (OTC:EADSF) secured an order for 15 additional A350-900s from Emirates Airlines, bringing the total order to 65 aircraft. This follows a public dispute at the Dubai Airshow where Emirates criticized Rolls-Royce Holdings PLC (OTC:RYCEY)(OTC:RYCEF) over engine durability issues. The deal is seen as a compromise after the dispute. Airbus also made sales to Ethiopian Airlines and EGYPTAIR this month. Airbus shares (OTC:EADSY) closed down 1.14% at $35.43.

Portfolio Pulse from Lekha Gupta

November 16, 2023 | 12:34 pm

Emirates has deferred a deal to purchase Airbus A350-1000 jets, citing concerns over the durability of Rolls Royce engines. Emirates President Tim Clark stated the engines' maintenance interval does not meet their operational standards. Despite this, Emirates is open to ordering 35-50 jets if Rolls-Royce addresses these issues. Meanwhile, Airbus secured an order for ten A350-900 aircraft from EGYPTAIR at the Dubai Airshow. Airbus and Rolls-Royce expressed confidence in the engine's performance. Airbus (EADSY) shares closed up by 0.85%, while Boeing (BA) shares traded higher by 0.49% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 1:14 pm

Rolls-Royce Holdings PLC plans to cut 2000-2500 jobs globally as part of its multi-year transformation to become a simpler, more streamlined organization. The company aims to enhance capabilities in procurement and supply chain management, remove duplication, and deliver cost efficiencies. Chief Technology Officer Grazia Vittadini will leave the company in April 2024. RYCEY shares closed higher by 1.95% at $2.61 on Monday.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 10:18 am

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