Rolls-Royce Holdings (LSE:RR.) warned the UK it needs urgent funding to save a short-haul jet-engine program or risk shifting production abroad and UK jobs, while simultaneously investing £1bn to expand Trent MRO in the UK, Singapore and Germany and signing to supply 18 Trent XWB‑97s to Philippine Airlines.
Previous Week Recap
- Rolls-Royce Urgent UK Funding Warned: Rolls‑Royce (RR.) told the UK it needs urgent funding to revive short‑haul jet‑engine program, warning delay could shift production to Germany or the US and threaten UK jobs.
- Rolls-Royce Expands MRO Footprint: Rolls-Royce to boost MRO for Trent 1000 XE with new UK, Singapore and Germany facilities as part of a £1bn Trent engine investment; shares up ~1.1%.
- Rolls-Royce Signs 18 XWB-97 Engines: Rolls‑Royce (RR.) signed an MoU to supply 18 Trent XWB‑97 engines for nine Airbus A350‑1000s to Philippine Airlines, formalizing the supplier deal and specifying engine and aircraft counts.
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