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Business Standard
3 days ago
- Business
- Business Standard
India searches for partners beyond US to build fighter jet engines
India is engaging with manufacturers from at least three other countries for jointly making fighter jet engines, expanding its defense partnerships beyond the US as it seeks to close capability gaps amid rising regional tensions, according to people familiar with the matter. The engines being considered are from the UK, France and Japan and India wants to start the project quickly, senior officials said, asking not to be named as discussions are private. The offers will be evaluated by the Defense Research and Development Organisation — India's military research body —they added. The London-based defense manufacturing giant Rolls-Royce Holdings PLC offered to jointly produce and transfer technology to India during a visit by senior defense ministry officials to the UK in April, according to one of the officials. Talks with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people said. Japan made a similar offer in May, they said, without indicating a possible partner. India's Defence Minister Rajnath Singh held a bilateral meeting with his Japanese counterpart in New Delhi earlier this month, outlining potential areas of collaboration, including tank and aero engine development. India's Ministry of External Affairs, along with the defense ministries of both India and Japan, did not respond to requests for comment. The companies mentioned in the story also did not reply to queries. The engines will power India's twin-engine fighters that are under development, the people said, adding the Ministry of Defence will move to get government clearance soon. India has been seeking to modernize its air force through the purchase of jet fighters from overseas and bringing production to within its borders through joint projects with leading weapons makers from abroad. Earlier this week, India for the first time allowed domestic private firms to design and develop advanced warplanes to replace its aging, mostly Russian-made fleet. The South Asian nation has also been in talks with Boston-based General Electric since 2023 to jointly make GE F414 engines but the talks are taking longer than expected. India had imposed penalties on GE last year for severe delays in the delivery of engines that power the country's locally-made single-jet fighters. India's Air Force Chief AP Singh warned at an industry event Thursday that delays in procuring critical weapons pose a serious challenge to national defense readiness. 'Not for a single project that I can think of that been completed on time,' he said, emphasizing the need for India to design, develop, and produce weapons domestically in sufficient numbers. Joint manufacturing of jet engines with the US is part of a wider effort to deepen bilateral defense cooperation. India's decision to look beyond Washington for critical technologies should not be seen as a sign of strained ties with the US, but rather as evidence of its focus on securing reliable supply chains. Separately, Prime Minister Narendra Modi has been trying to ramp up domestic defense production to reduce the costs of imports and generate jobs at home.
Time of India
3 days ago
- Business
- Time of India
India explores partners beyond US to build fighter jet engines
India is exploring joint fighter jet engine production with the UK, France, and Japan to bolster its defence capabilities amid regional tensions. This move aims to diversify partnerships beyond the US and secure critical supply chains. Discussions involve technology transfer and intellectual property sharing, aligning with India's push for domestic defence production and reduced import reliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India is engaging with manufacturers from at least three other countries for jointly making fighter jet engines , expanding its defense partnerships beyond the US as it seeks to close capability gaps amid rising regional tensions, according to people familiar with the engines being considered are from the UK, France and Japan and India wants to start the project quickly, senior officials said, asking not to be named as discussions are private. The offers will be evaluated by the Defense Research and Development Organisation — India's military research body — they London-based defence manufacturing giant Rolls-Royce Holdings PLC offered to jointly produce and transfer technology to India during a visit by senior defense ministry officials to the UK in April, according to one of the with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people made a similar offer in May, they said, without indicating a possible Minister Rajnath Singh held a bilateral meeting with his Japanese counterpart in New Delhi earlier this month, outlining potential areas of collaboration, including tank and aero engine Ministry of External Affairs, along with the defence ministries of both India and Japan, did not respond to requests for comment. The companies mentioned in the story also did not reply to engines will power India's twin-engine fighters that are under development, the people said, adding the Ministry of Defence will move to get government clearance has been seeking to modernise its air force through the purchase of jet fighters from overseas and bringing production to within its borders through joint projects with leading weapons makers from this week, India for the first time allowed domestic private firms to design and develop advanced warplanes to replace its aging, mostly Russian-made South Asian nation has also been in talks with Boston-based General Electric since 2023 to jointly make GE F414 engines but the talks are taking longer than expected. India had imposed penalties on GE last year for severe delays in the delivery of engines that power the country's locally-made single-jet Air Force Chief AP Singh warned at an industry event Thursday that delays in procuring critical weapons pose a serious challenge to national defence readiness. 'Not for a single project that I can think of that been completed on time,' he said, emphasising the need for India to design, develop, and produce weapons domestically in sufficient push to manufacture jet engines reflects its broader effort to secure the supply chain for critical defence equipment — a major takeaway of the military from the war in Ukraine which is on its third manufacturing of jet engines with the US is part of a wider effort to deepen bilateral defence cooperation. India's decision to look beyond Washington for critical technologies should not be seen as a sign of strained ties with the US, but rather as evidence of its focus on securing reliable supply Prime Minister Narendra Modi has been trying to ramp up domestic defense production to reduce the costs of imports and generate jobs at is the world's largest importer of arms, according to data from the Stockholm International Peace Research Institute, adding it has looked increasingly to purchase weapons from makers in the US and France.
Yahoo
7 days ago
- Business
- Yahoo
Rolls-Royce Holdings PLC (RYCEY) Is Up 5.75% in One Week: What You Should Know
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Rolls-Royce Holdings PLC (RYCEY), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Rolls-Royce Holdings PLC currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Let's discuss some of the components of the Momentum Style Score for RYCEY that show why this company shows promise as a solid momentum pick. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For RYCEY, shares are up 5.75% over the past week while the Zacks Aerospace - Defense Equipment industry is down 1.38% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.86% compares favorably with the industry's 8.08% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Rolls-Royce Holdings PLC have increased 19.35% over the past quarter, and have gained 102.66% in the last year. In comparison, the S&P 500 has only moved -3.17% and 11.56%, respectively. Investors should also take note of RYCEY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, RYCEY is averaging 4,199,399 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with RYCEY. Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost RYCEY's consensus estimate, increasing from $0.33 to $0.34 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that RYCEY is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Rolls-Royce Holdings PLC on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rolls-Royce Holdings PLC (RYCEY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Rolls-Royce Holdings PLC (RLLCF.PFD) (FY 2024) Earnings Call Highlights: Record Profits and ...
Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rolls-Royce Holdings PLC ( achieved a significant increase in group operating profit, rising almost four times from 650 million in 2022 to 2.5 billion in 2024. The company reinstated its dividend and announced a 1 billion pounds share buyback, the first in a decade, demonstrating a commitment to growing shareholder returns. Rolls-Royce Holdings PLC ( has a strong balance sheet with an investment-grade rating from all three agencies. The company has made substantial progress in improving its LTSA margins, with a 20% point improvement expected over the period from 2022 to 2028. Rolls-Royce Holdings PLC ( is investing in future growth, with net investments rising by around 500 million since 2022, which will drive profitable growth to the midterm and beyond. The supply chain environment remains challenging, impacting the company's operations and financial performance. Despite improvements, the company still faces significant costs related to onerous contracts and supply chain challenges, with a charge of 382 million pounds in 2024. The certification of the Trent 1,000 engine has been delayed to Q2 due to external factors such as Boeing's strike. The company's LTSA balance growth is expected to be at the lower end of the guided range due to higher shop visits and continued supply chain impacts. Rolls-Royce Holdings PLC ( faces ongoing challenges in achieving higher LTSA margins, which are still lower than the aftermarket margins of its peers. Warning! GuruFocus has detected 7 Warning Signs with Q: Can you clarify the transition from TNM to TMM in your contracts? A: We have been unbundling LLPs to provide more flexibility with commercial optimization. Currently, 60% of our contracts are unbundled. (Unidentified_2, CEO) Q: With the Trent 1,000 time on wing improvements, can you regain market share? A: Yes, we are making the Trent 1,000 a competitive engine in terms of time on wing, aiming to increase our share in the 787 market. (Unidentified_2, CEO) Q: Could you break down the 17-point contract margin improvement from 2022 to 2028? A: The improvement is driven by new contracts with better margins, renegotiated contracts, and time on wing improvements. Shop visit cost reductions will also contribute more in the next period. (Unidentified_2, CEO) Q: Is it reasonable to expect ongoing share buybacks given the cash generation? A: We will assess options for additional distributions, including buybacks, based on strategic fit and shareholder value. (Unidentified_3, CFO) Q: What is driving the significant improvement in time on wing from 40% to 80%? A: The improvement is mainly due to modifications on the XWB 84 compressor blade and enhanced data analysis, which increase the cyclic limit of critical parts. (Unidentified_2, CEO) Q: What is your target capital structure or gearing ratio? A: We aim for a strong investment-grade rating, which equates to a leverage of up to 1 to 1.5. We will be deliberate in any decision to increase leverage. (Unidentified_3, CFO) Q: What are the supply chain charges of 382 million in civil aerospace? A: These charges reflect our best estimate of the impact on the cost to complete existing contracts, primarily due to part supply availability and casting and forging challenges. (Unidentified_3, CFO) Q: When do you expect a decision on SMRs from the UK government? A: We expect the UK government to select technologies towards the end of 2022. Meanwhile, we are working with other countries to develop options and unlock potential. (Unidentified_2, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
