Rolls race: The German plot to woo Britain's engineering champion [Yahoo! Finance]
Boeing Company (The) (BA)
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Source: Yahoo! Finance
“With this, both sides commit to actively shape the transformation of aviation,” a social media post boasted gleefully afterwards. Dietmar Woidke, the president of the German state of Brandenburg, had every reason to feel cheerful at November's signing ceremony. In the past decade alone, his state has attracted hundreds of millions of pounds in investment from Rolls and positioned itself as a “centre of excellence” for small-business jet engines. Now it is jockeying for an even bigger prize – and a chance to swipe some of Britain's industrial crown jewels. In recent months, German officials have mounted a charm offensive to secure more work related to Rolls' next-generation jet engine, the UltraFan. Rolls-Royce Dahlewitz hub, outside Berlin, has already played a key role in developing what is arguably the new turbofan's key innovation: its gearbox. b' But the Germans are understood to be pushing hard for Dahlewitz to play an even larger role in the future, based on an o
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BA
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- BA's page on the SEC website