A good 48 minute interview with Sophie Macfarlane-Smith, Head of Customer Engagement at Rolls Royce SMR ( worth a listen )
I think I might even have a little top up ;) |
Bakar922 I am wondering please, if that is confirmed news regarding the March 27th SMR decision.? |
Decision on SMR expected on 27th of March in Spring Statement |
 Frome today's D Telegraph.
Boeing suffers second-biggest loss in history following safety crisis
Bleak results take the company’s total red figures to more than $35bn since 2019.Boeing has crashed to the second biggest annual loss in its 109-year history as the plane maker grapples with the fallout of a major safety scandal.
The American giant on Tuesday confirmed it had fallen $11.8bn (£9.5bn) into the red last year, a figure only exceeded during the pandemic when the aviation market ground to a halt overnight.
It takes the company’s total losses since 2019 to more than $35bn.
The bleak results follow a torrid year for the plane maker that saw a mid-air blowout of a door plug in one of its passenger aircraft, walkouts by tens of thousands of factory workers and a string of faults aboard a spacecraft it built for Nasa.
Kelly Ortberg, who became chief executive in August, has been tasked with turning things around but the results on Tuesday underlined the scale of the task ahead of him.
The company has been plagued by persistent safety issues after two crashes involving its best-selling 737-MAX jets in Indonesia and Ethiopia – in 2018 and 2019 respectively – left 346 dead.
They led to temporary groundings of the jets and triggered broader concerns that Boeing had misled regulators during the aircraft’s certification.
In January 2024, safety fears surfaced again when an Alaska Airlines-operated 737-MAX suffered a door plug blowout while flying at 16,000 feet.
That triggered an investigation by the US Federal Aviation Administration, which later capped 737-Max production rates, put officials on production lines and ordered a major review of manufacturing processes.
Separately, the company also suffered humiliation when Elon Musk’s SpaceX was called in to return four US astronauts to Earth from the International Space Station, following technical problems with Boeing’s Starliner spacecraft.
On top of this, engineers who assemble the Max, along with 777 jets and 767 cargo planes, at the company’s plants in Renton and Everett, Washington, downed tools for seven weeks in protest over pay and conditions. The dispute ended after Boeing agreed to boost their wages.
As a result, Boeing delivered just 348 jets in 2024 – down from 528 a year earlier.
That left the company far behind rival Airbus, which says it delivered 765 jets during the same period.
Boeing said it had made some progress in its turnaround so far, adjusting factory arrangements for higher production. It is also seeking to address loss-making defence contracts.
On Tuesday, Mr Ortberg said the company’s recovery would be “a multi-year journey”, following accusations that Boeing had an ingrained culture of putting profit ahead of safety.
Dave Calhoun, the former chief executive who was forced out amid the safety crisis, previously admitted that “something went wrong” at the plane maker during stormy hearings in the US Senate.
Meanwhile, the company is also scrambling to provide reassurances to Mr Musk – now a top adviser to Donald Trump – that replacements for the presidential plane, known as Air Force One, will be delivered soon.
The company is building a pair of Boeing 747s that will be used to transport the US leader around safely but the project is currently years late and more than $2bn over budget.
Boeing has blamed design changes, skills shortages and supply chain issues for the problems. Mr Trump previously threatened to cancel the order when he was last president, in 2017.
“The president wants those planes sooner so we’re working with Elon to see what we can do to pull up the schedule of those programs,” Mr Ortberg told CNBC.
However, it is not clear yet whether the planes will even be delivered during Trump’s latest four-year term. |
Hungary Seeks Small Modular Nuclear Reactors After UK Talkshttps://financialpost.com/pmn/business-pmn/hungary-seeks-small-modular-nuclear-reactors-after-uk-talks |
Crucial! :-) |
Happening Now.
Watch XB-1's supersonic test flight in real-time. Join us and see XB-1 break the sound barrier from the viewpoint of our chase aircraft. |
Any airline company of any standing will buy a large amount of unproven engines.
The more AI there is will mean more SMR’s.
No one trusts the Chinese, even Russia.
RR’s order books are full to the brim. The new Utra Fan is in its final testing stage. Feb 27 should see a divi and more cost savings. The factual upside for RR. outweighs the negative stories.
The share price is currently where it was a couple of weeks ago. 12 months ago shares were £3.03 -£3.10. |
MCunliffe
The Chinese have no respect for patent law so I wonder what would happen if one of their panes landed outside China with engine. R R , G E and Prat would be all over it. |
China is developing a huge ‘air cruiser’. America will struggle to catch up |
eeza's second Telegraph link without paywall.
Thanks eeza. |
But would folks, especially the Americans buy it? |
I'm recently back from a holiday - three nights of which landed me in a hotel in Singapore, too close to Changi airport rather than the city centre. However, sat at the bar on the first evening were two American aerospace engineers. I got into conversation with them and we discussed jet engines as they were involved in the setup of diagnostic equipment to allow repair and maintenance of such.
They warned me of a Chinese jet engine maker that was developing an engine that could compete.
Shades of DeepSeek and Nvidia perhaps? |
27 February 2025 - Full Year Results! |
2024 Full Year Results due out tomorrow |
Musk agrees with Scale AI CEO suggesting DeepSeek has more Nvidia chips
Tesla (TSLA) CEO Elon Musk seemed to agree with CEO of Scale AI Alexandr Wang suggesting that China's DeepSeek has about 50,000 H100 Nvidia's (NASDAQ:NVDA) chips, which they can't talk about due to U.S. export controls.
"My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is against the export controls that the U.S. has put in place. I think it is true that they have more chips that people than other people expect. But on a go forward basis, they are going to be limited by the chip controls and the export controls that we have in place." Wang said in a Jan. 23 interview with CNBC.
Musk replied "Obviously" to a post from a user who had posted Wang's interview on his feed on Jan. 24.
On Monday, DeepSeek restricted registration to China mobile phone numbers.
Shares of Nvidia fell about 11% on Monday, and were among many other tech stocks which were in the red. |
1224, drop in AI shares due to deepseek , if true the amount of energy needed to power datacentres for AI may be much less (and less SMRs needed) |
All good press over the last few days and we drop today? |
I think the jungle drums are finally starting to beat for RR SMR's ! https://stocks.apple.com/ADIrD0rwxRrSGVPi41NA4UQENERGYRolls-Royce's Nuclear Ambitions Mushroom ;Everything's better under the sea. Including nuclear reactors. Just ask Rolls-Royce (a.k.a. Rolls-Royce Holdings, the aerospace and defense manufacturer, not to be confused with the luxury carmaker that's been a wholly-owned subsidiary of BMW since 2003). On Friday, the company notched its biggest-ever contract with the UK government's ministry of defence, worth £9 billion ($11.2 billion), to build nuclear reactors for Royal Navy submarines. This fits into a broader picture of Rolls-Royce's expanding nuclear ambitions, which are starting to go beyond the submarine market.Going SmallNuclear energy, which has in the past often suffered from much-missed deadlines and ballooning costs, is having a moment. The AI hypecycle is driving demand for data centers, which in turn is driving demand for electricity. With tech companies scrabbling for whatever supply they can lay their hands on, nuclear has emerged as a big winner from the electric gold rush.Even before the AI craze kicked off, governments were starting to nose around nuclear, specifically a new kind of reactor called small modular reactors (SMRs) to fill in gaps for dispatchable energy in their decarbonization plans. Rolls-Royce, which has been making reactors for nuclear subs for 60 years, has hitched itself to the SMR wagon:In May last year, Rolls-Royce announced it was partnering with the University of Sheffield to build an SMR manufacturing and testing facility. Going beyond Albion's shores, Rolls-Royce's SMR division won approval in September from the government of Czechia to develop SMRs in the European nation. ? Need for Speed: The problem is, you literally can't build them fast enough. Goldman Sachs analysts released a report on Friday predicting electricity usage by data centers will double by 2030, and that by that deadline there would only be enough nuclear power online globally to fuel 10% of that demand. Of course, one quicker solution than building a power station from scratch is to fire up a retired one. That's what Microsoft is doing to Three Mile Island, and last week, The Wall Street Journal reported South Carolina's state-owned utility Santee Cooper is on the hunt for buyers to help it restart construction on two abandoned reactors that were mothballed in 2017.Smart, actionable news?trusted by millions.Get sharp news & analysis on finance, economics, and investing-all for free. |
City bank Jefferies sees Rolls at 800p a share as its top pick in European aerospace and defence
Erginbilgic’s focus on commercial optimisation and cost efficiencies has led to the restoration of investment-grade credit ratings, meaning Rolls is able to declare a dividend with annual results on 27 February. It intends to make a payout equivalent to 30% of post-tax underlying profit. |
Three strong volume days to end the week - new high is 624.60p.
free stock charts from uk.advfn.com |
At a price of 622.40 ! |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
