Rolls-Royce says it is “actively pursuing” changes to its business to better align with medium-term market conditions as the coronavirus pandemic hits engine production and maintenance volumes.
The release of the second draft on April 24 by the Air Force Lifecycle Management Center moves the competition closer to a formal bidding phase scheduled to begin later this year.
Rolls-Royce says it is eyeing additional phases of its research into Embedded Electrical Starter Generator tech to look at advanced thermal management systems.
Turkish Aerospace has rolled out the third prototype of its T625 Gokbey twin-engine medium helo as it begins to accelerate the aircraft’s flight-test program.
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
British jet engine maker Rolls-Royce said Bradley Singer, the chief operating officer of activist investor ValueAct Capital and Rolls-Royce’s largest shareholder, left the board of directors Dec. 9.
Pittsburgh-based Allegheny Technologies (ATI) and GE Aviation have reached agreement on several new long-term contracts worth a total of around $2.5 billion to ATI for the supply of iso-thermal and hot-die forgings used in the manufacture of commercial jet engines, the companies announced Dec. 10.
