Rolls US jet rival to take stake in Airbus engine

Article Abstract:

Hamilton Standard, the US aero-engine manufacturer and part of the US United Technologies Corporation which owns Pratt & Whitney has taken a 24% stake in Rolls-Royce's Trent 500 jet engine, which will be installed in the new Airbus A340. This is the first time that a US rival has made such a move, although Rolls is working with Pratt & Whitney on the international V2500 engine project. The other risk and revenue sharing partners include Lucas Aerospace, Italy's FiatAvio, Spain's ITP and Marubeni, and Japan's Kawasaki Heavy Industries.

Comment:

Takes 24% stake in Rolls-Royce's Trent 500 jet engine

Asset sales & divestitures, Acquisitions & mergers, Jet Aircraft Engines, Jet aircraft, Rolls-Royce PLC, Jet engines, Hamilton Standard Electronics Systems Inc., Article, A340, Airbus, Trent 500, V2500

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UK: RR WINS GB[pound] 25MN HELICOPTER DEAL

Article Abstract:

Rolls-Royce, the aero-engine group, has won its share of a US$ 230mn helicopter engine deal to supply 1,000 MTR 390 engines to the French and German armed forces. RR's share of the initial order is worth GB[pound] 25mn. Deliveries of helicopters will take place between 2000 and 2001.

Rolls-Royce Inc.

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IRELAND: LUFTHANSA AIRMOTIVE WINS RYANAIR DEAL

Article Abstract:

Lufthansa Airmotive Ireland has won a contract to maintain engines on the Boeing 737 aircraft operated by Ryanair, the discount airline. The deal is worth GB[pound] 62mn over 10 years. Ryanair is adding 45 737s over the next four years, with five already delivered.

Capital expenditures, Ireland, Other Support Activities for Air Transportation, Aircraft Service & Repair, Deutsche Lufthansa AG, Fixed base operators industry, Ryanair Holdings PLC

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