Rolls-Royce Holdings plc Response to Press Speculation: ITP Aero (3559C)
June 14 2019 - 8:05AM
UK Regulatory
TIDMRR.
RNS Number : 3559C
Rolls-Royce Holdings plc
14 June 2019
14 June 2019
ROLLS-ROYCE RESPONSE TO PRESS SPECULATION: ITP AERO
Rolls-Royce notes the recent press speculation and confirms that
it has received a preliminary and conditional indication of
interest from Indra to acquire a majority stake in ITP Aero.
This indication of interest is subject to a number of
conditions. There is no certainty that this will result in a
transaction involving ITP Aero.
ITP Aero is a key partner for Rolls-Royce, and Rolls-Royce
intends to retain a long-term relationship with the business across
its Civil Aerospace and Defence programmes.
Any further announcement will be made as appropriate.
This announcement has been determined to contain inside
information.
About Rolls-Royce Holdings plc
1. Rolls-Royce pioneers cutting-edge technologies that deliver
clean, safe and competitive solutions to meet our planet's vital
power needs.
2. Rolls-Royce has customers in more than 150 countries,
comprising more than 400 airlines and leasing customers, 160 armed
forces, 70 navies, and more than 5,000 power and nuclear
customers.
3. Annual underlying revenue was GBP15 billion in 2018, around
half of which came from the provision of aftermarket services.
4. In 2018, Rolls-Royce invested GBP1.4 billion on research and
development. We also support a global network of 29 University
Technology Centres, which position Rolls-Royce engineers at the
forefront of scientific research.
5. The Group has a strong commitment to apprentice and graduate
recruitment and to further developing employee skills.
For further information, please contact:
Jennifer Ramsey
Head of Investor Relations
Tel +44 (0) 7825 903206
jennifer.ramsey@rolls-royce.com
Teresa Towner
External Corporate Communications Manager
Rolls-Royce plc
Tel: +44 (0) 20 7227 9036
teresa.towner@rolls-royce.com
Richard Wray
Director of External Communications
Rolls-Royce plc
Tel: +44 (0) 20 7227 9163
richard.wray@rolls-royce.com
www.Rolls-Royce.com
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END
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