Rolls-Royce Reaffirms Guidance; Restructuring Progressing, Including Recent U.K. Job Cuts
In its recent trading update, Rolls-Royce guided towards the upper half of its range for fiscal 2018 EBIT and free cash flow. Since the update, the company has signed a $300 million deal with Lebanon's Middle East Airlines for engines and service on Trent 7000 engines, which will go into four Airbus wide-body A330-900neos for the airline. (Rolls-Royce is the only engine supplier for the A330neos.)Â The shares are down more than 20% from their 2018 peak in August over market concerns regarding se...
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