One of Hilltop Products long standing customers, Rolls Royce has had some uplifting success recently in the form of a new contract to supply engines and long-term servicing for 50 New Airbus Planes for the US carrier Delta. The US airline chose the Airbus planes over Boeing’s new 787 Dreamliner in a closely fought bidding contest.
Rolls Royce have had their fair share of struggles in the worsening economic climate, this is of course excellent News both for the Britsish marque and the UK economy as a whole.
The order, worth $14bn (£8.9bn), confirmed by Delta on Thursday, is a victory for the European plane maker over its US rival's Dreamliner 787. It includes 25 Airbus A350-900 and 25 advanced Airbus A330-900neo aircraft.
Rolls Royce will provide Trent engines for both types of aircraft and long term servicing in a deal worth $5bn .
The order is welcome news to Rolls Royce which has seen its share price fall by around a quarter since the beginning of the year following cut backs in military spending.
The company issued a profit warning in October and earlier this month announced 2,600 job losses as development work on two of its latest engines, the Trent 1000 and XWB, came to an end. Airbus is reported to have won the contract after promising to deliver its latest A330neo in 2019, ahead of Boeing's 787 Dreamliner.
See the article on BBC News here