Rolls Royce (RR.L) has received a record order of $9.2Bln for the supply of engines for 50 Emirates A380 planes. The order represents a milestone for the company as it is the first time Rolls Royce have been asked to supply engines for the Emirates Airline.
Rolls Royce (RR.L) share price has recently been under pressure after a series of profit warnings and the deal announcement has provided an immediate boost.
Emirates president Sir Tim Clark said: “Today’s announcement is significant not only because it cements the partnership between Emirates and Rolls-Royce, but also because of the significant economic impact that this will have on aviation manufacturing in the UK and Europe.”
Rolls Royce (RR.L) shares were up 8p in early trading and currently sitting around 989p. (+1%)