30 Facts About Rolls-Royce Holdings

Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011.

Rolls-Royce Holdings owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries.

Rolls-Royce Holdings is the world's second-largest maker of aircraft engines and has major businesses in the marine propulsion and energy sectors.

Rolls-Royce Holdings was the world's 16th largest defence contractor in 2018 when measured by defence revenues.

Rolls-Royce Holdings plc is listed on the London Stock Exchange, where it is a constituent of the FTSE 100 Index.

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Rolls-Royce Holdings grew from the engineering business of Henry Royce which was established in 1884 and ten years later began to manufacture dynamos and electric cranes.

In 1971 the same company, Rolls-Royce Holdings Limited, entered voluntary liquidation because it was unable to meet its financial obligations.

Rolls-Royce Holdings plc returned to the stock market in 1987 under the government of Margaret Thatcher.

In February 2021, Rolls-Royce Holdings started talks concerning an operational shutdown of its civil aerospace unit that might last for two weeks due to the impact of Covid-19 and its restrictions.

In 1988, Rolls-Royce Holdings acquired Northern Engineering Industries, based in the North East of England, a group of heavy engineering companies mainly associated with electrical generation and power management.

On 21 November 1994, Rolls-Royce Holdings announced its intention to acquire the Allison Engine Company, an American manufacturer of gas turbines and components for aviation, industrial and marine engines.

Rolls-Royce Holdings has established a leading position in the corporate and regional airline sector through the development of the Tay engine, the Allison acquisition and the consolidation of the BMW Rolls-Royce Holdings joint venture.

At the June 2019 Paris Air Show, Rolls-Royce Holdings announced its acquisition of Siemens' electric propulsion branch, to be completed in late 2019, employing 180 in Germany and Hungary.

In May 2014, Rolls-Royce Holdings sold its energy gas turbine and compressor business to Siemens for £785 million.

In July 2018, Rolls-Royce Holdings sold its commercial marine business to Kongsberg for £500 million.

In September 2019, Rolls-Royce agreed to sell its civil nuclear services businesses in the U S, Canada, Mondragon France, and Gateshead UK to the Westinghouse Electric Company for an undisclosed sum.

Rolls-Royce Holdings is keeping its nuclear new build and small modular reactor business in the UK.

In December 2020 Rolls-Royce Holdings announced it would sell other foreign parts of its civil nuclear instrumentation and control business to Framatome as part of its post-COVID recovery plan, completing the deal involving over 550 employees in November 2021.

In 2011, Rolls-Royce Holdings faced questions concerning incidents with its Trent 900 Turbofan used to power the Airbus A380 aircraft.

Rolls-Royce Holdings submitted the Trent 1000, a further development of that series.

In July 2006, Rolls-Royce Holdings reached an agreement to supply a new version of the Trent for the revised Airbus A350 jetliner.

In October 2006, Rolls-Royce Holdings suspended production of its Trent 900 engine because of delays by Airbus on the delivery of the A380 superjumbo.

Rolls-Royce Holdings announced in October 2007 that production of the Trent 900 had been restarted after a twelve-month suspension caused by delays to the A380.

Rolls-Royce Holdings has matured the Rolls-Royce Holdings LiftSystem invented by Lockheed Martin for the F-35 Lightning II to production level; The F-35 is planned to be produced in significant numbers.

On 18 June 2007, Rolls-Royce Holdings announced at the 2007 Paris Air Show that it had signed its biggest ever contract with Qatar Airways for the Trent XWB to power 80 A350s on order from Airbus worth $5.

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On 20 November 2007, Rolls-Royce Holdings announced plans to build its first Asian aero engine facility in the Seletar Aerospace Park, Singapore.

Rolls-Royce Holdings has been accused numerous times of corrupt practices and bribery.

In February 2015 Rolls-Royce Holdings was accused of bribing an employee of Brazil's state-controlled oil company to win a $100 million contract to provide gas turbines for oil platforms.

In January 2017 Rolls-Royce Holdings came to an agreement with the SFO to pay £671 million under a deferred prosecution agreement to avoid prosecution for bribery to obtain export contracts.

The government department underwrote multimillion-pound liabilities under Rolls-Royce Holdings contracts secured with the help of bribes and "facilitation" commissions.