Rolls-Royce Group Plc ’s future chief John Rishton may find his biggest challenge will be to keep his engineers busy beyond 2013, when Airbus SAS and Boeing Co. take a respite from new jetliner projects.
Spirit Aerosystems Holdings Inc., the aerospace supplier that makes parts for Boeing Co. and Airbus SAS, jumped to an 11-month high after the Daily Mail said GKN Plc is readying a takeover bid for about $35 a share.
Airbus SAS won an order for 60 A320 planes from state-backed China Eastern Airlines Corp., less than two weeks after the European Union backed down in a dispute with the government in Beijing over jetliner-emission levies.
A Rolls-Royce Group Plc engine that exploded last November on an Airbus SAS A380 operated by Qantas Airways Ltd. caught fire because the U.K. company made an oil pipe too thin, safety investigators said today.
Rolls-Royce Group Plc Chief Executive Officer John Rose , who turned the company into the world’s second-biggest aircraft engine maker, will retire next year and be succeeded by Royal Ahold NV CEO John Rishton