The £6.1bn deal for Rolls Royce to supply 50 engines to Dubai-based airline Emirates is the largest order in the history of the aero-engine giant, its chief-executive has announced.
Rolls-Royce chief executive John Rishton said:
We are delighted that Emirates has again placed its trust in our technology, with the biggest order in our history.
In a huge boost to UK industry, Rolls-Royce will provide Trent engines which will power 50 Airbus A380 super-jumbos that will enter service from 2016.
Rolls Royce has won a £6.1 billion order from airline Emirates for Trent engines to power 50 Airbus A380 super-jumbos, the two companies have announced.
The Unite union says engineering skills will be difficult to replace if there's an increase in business at Rolls-Royce.
Yesterday the company, which employs workers in Derby and Hucknall, announced it was cutting 2,600 to save money and improve efficiency.
The company employs staff in Derby, Hucknall, Warwick and Ansty near Coventry.
Rolls-Royce has announced that thousands of jobs are to go as part of a programme to reduce costs and improve efficiency.
The company said 2,600 jobs will be lost over the next 18 months, mainly in the Aerospace division.
The firm employs staff at four locations in the Midlands, including its Derby HQ. The chief executive said these job cuts will not be the last. James Clark reports.
Rolls Royce has announced that thousands of jobs are to go as part of a programme to reduce costs and improve efficiency in the company.
The company says 2,600 jobs will be lost over the next 18 months, mainly in the Aerospace division.
In the Midlands, that will affect the company's sites in Derby, Hucknal in Nottinghamshire, Warwick, and Ansty, near Coventry. But it is not yet clear how many of the job losses will be at these sites.
We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last, however they will contribute towards Rolls-Royce becoming a stronger and more profitable company. We will work closely with employees and their representatives to achieve the necessary reductions on a voluntary basis where possible, while making sure we retain the skills needed for the future.
Airbus will fly its new aircraft over Rolls Royce in Derby today as a 'thank you' to employees who designed, developed and assembled the Trent XWB engines.
More than fourteen hundred of the engines have already been sold.
The Airbus A350 will be flying directly from the Farnborough International Air Show later this afternoon.
Derby-based engineer Rolls Royce has announced a major order from plane maker Airbus, in an exclusive deal for its new A330neo plane.Read the full story ›
Rolls-Royce will appear before Derby Crown Court today accused of exposing employees to dangerous radiation.
The firm faces seven charges on failing to manage the risk of exposure to ionising radiation, which comes from the radioactive sources used in the industrial work at its Marine Power Operations plant in Sinfin Lane.
The breaches are all said to have happened in 2011.
Rolls-Royce have been given the go ahead to build 900 new homes at their site at Hucknall in Nottinghamshire.
It is part of plans to build a new factory, which the firm says will create hundreds of new jobs.
Local residents claim the area's infrastructure will not be able to cope.
Campaigners in Nottinghamshire will protest tonight over plans by Rolls-Royce to build a new factory and 800 homes in Hucknall.
The firms says it will safeguard 230 jobs and will be good for the economy.
Those against the plans say a nature reserve will be destroyed by the new buildings.