Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 456.80
Bid: 458.80
Ask: 458.90
Change: 2.10 (0.46%)
Spread: 0.10 (0.022%)
Open: 457.50
High: 463.40
Low: 455.30
Prev. Close: 454.70
RR. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BAE Systems, Rolls-Royce, Leonardo Team Up To Develop Fighter Jets

Wed, 22nd Jul 2020 17:16

(Alliance News) - Defence manufactures in UK, Sweden and Italy have begun trilateral discussions to "strengthen collaboration" between the three countries, in an attempt to develop "world-leading" future combat air capability.

In the UK, BAE Systems PLC and Rolls-Royce Holdings PLC will team up with Rome-headquartered Leonardo SpA and Sweden's Saab.

"The new trilateral framework sees industry from the three nations bringing together their skills and expertise in the combat air sector to collaborate on the research and development of cutting-edge technologies," the trio said in a joint statement.

The statement continued: "Today's announcement builds on bilateral discussions which have taken place between the UK and Swedish and Italian industries and establishes a trilateral industry group. Together, the companies will assess common routes to future combat air capability using their know-how, expertise and technology development activities across current and future combat air systems."

The UK has existing co-operation with Sweden and Italy. All three nations industries and militaries are partners in the joint development and operation of the Meteor beyond visual air-to-air missile that is arming Gripen, Eurofighter Typhoon and F-35.

Swedish-made chaff and flare dispensers are used on UK Typhoons and Saab's Giraffe radar is a key part of the UK's Sky Sabre ground defence system.

Swedish Gripen E aircraft are equipped with radars designed and built by Leonardo in Edinburgh, Scotland.

Meanwhile, both the Royal Air Force and the Aeronautica Militare operate the same, potent fleet of Eurofighter Typhoon and F-35 aircraft, part of more than 50 years of close collaboration in combat air.

BAE Systems Chief Executive Charles Woodburn said: "International partnering provides the best opportunity to deliver a capable, flexible and upgradeable combat air system. We've made good progress with Saab and Leonardo in identifying shared goals and expertise and through this new framework, we can build on this collaboration to unlock the huge potential across our three nations."

Leonardo CEO Alessandro Profumo added: "All three national industries fully grasp the historic nature of this moment. Tempest will be the cornerstone of a cross-border system of common defence which will extend far beyond combat air. It will secure enormous economic benefits and vast industrial and technological progress for Italy and our partners. Together, we share an understanding that if we get this right now, our respective aerospace and defence industries will thrive for a generation."

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
5 Jan 2023 11:20

Commodities: a strong 2023 is possible, but ...

Retailers lead early charge higher

*

Read more
5 Jan 2023 10:08

Big love for Big Tech even in Big, Bad 2022

Retailers lead early charge higher

*

Read more
3 Jan 2023 17:31

FTSE 100 ends first trading day of 2023 on upbeat note

FTSE 100 up 1.4%, FTSE 250 adds 1.5%

*

Read more
3 Jan 2023 16:55

LONDON MARKET CLOSE: FTSE 100 rallies but New York falls after US PMI

(Alliance News) - Stocks in Europe closed higher on Tuesday, kicking off the year in bullish fashion and shaking off fears for the global economy and poor manufacturing data.

Read more
3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and late Friday:

Read more
3 Jan 2023 09:03

LONDON MARKET OPEN: Stocks jump in first session of 2023

(Alliance News) - Stock prices in London made a strong start to the new year on Tuesday, despite weak Chinese data and the UK suffering a fresh wave of rail strikes.

Read more
14 Dec 2022 08:47

Northcoders hails contract renewal with Rolls-Royce for programme

(Alliance News) - Northcoders Group PLC on Wednesday said its Business Solutions division has renewed its contract with R2 Factory, part of Rolls-Royce Holdings PLC, for another year.

Read more
13 Dec 2022 14:39

JP Morgan bullish on aerospace but not on Rolls-Royce

(Sharecast News) - Analysts at JP Morgan sounded a bullish note on the outlook for the European civilian aerospace and defence sectors, but with the notable exception of Rolls Royce.

Read more
13 Dec 2022 12:14

LONDON MARKET MIDDAY: Stocks up as focus shifts to US inflation data

(Alliance News) - Stock prices in London edged into the green around midday on Tuesday as markets were in wait-and-see mode ahead of a key inflation reading for the US economy.

Read more
13 Dec 2022 10:28

LONDON BROKER RATINGS: Oddo BHF and Deutsche Bank cut easyJet

(Alliance News) - The following London-listed shares received analyst recommendations on Monday afternoon and Tuesday morning:

Read more
13 Dec 2022 09:24

LONDON MARKET OPEN: Stocks mixed following weak UK jobs report

(Alliance News) - London share prices were narrowly mixed early Tuesday as investors looked ahead to a key inflation reading from the US later in the day and digested fresh employment figures for the UK.

Read more
9 Dec 2022 16:20

Japan, Britain and Italy join forces on new combat jet

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a bridge between Europe and Asia that marks Japan's first major industrial defence collaboration beyond the United States since World War Two.

Read more
6 Dec 2022 11:56

Rolls-Royce rallies after Textron secures US Army deal

(Sharecast News) - Engine maker Rolls-Royce rallied on Tuesday after the US awarded its Future Long-Range Assault Aircraft, FLRAA, to Textron's V-280 Valor project.

Read more
30 Nov 2022 15:13

Airbus develops fuel-cell engine for hydrogen plane

TOULOUSE, France, Nov 30 (Reuters) - Airbus has started developing fuel-cell engine technology, it said on Wednesday as it reaffirmed plans to introduce a hydrogen-powered commercial aircraft by 2035.

Read more
30 Nov 2022 12:21

Barclays initiates coverage on Rolls-Royce at 'overweight'

(Sharecast News) - Analysts at Barclays initiated coverage on engine maker Rolls-Royce at 'overweight' on Wednesday, stating it was time to "revisit the thesis" on the stock.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.