Rolls-Royce plans $42M local investment, more jobs
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
Rolls-Royce Holdings Plc, the world’s second-largest aircraft-engine maker, said profit rose in line with estimates, buoyed by a backlog of orders from Boeing Co. and Airbus SAS.
The aircraft-engine maker will occupy Eli Lilly and Co.’s former Faris Campus on South Meridian Street, which is being renamed the Rolls-Royce Meridian Center.
Rolls-Royce Corp. began moving employees to its new downtown office building on Monday—a shift an IUPUI analyst projected could generate $510 million in annual economic activity.
A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.
Rolls-Royce Corp.’s Indianapolis plant is preparing to become the global manufacturing site for a large jet-engine component, the banded stator. Rolls-Royce will shift production from an outside supplier, creating 100 jobs.
Some members of Congress hope to revive work on the alternate engine for the F-35 Joint Strike Fighter, which Rolls-Royce in Indianapolis worked on for nine years before the project was halted in April.
The Capital Improvement Board will be charged with helping Rolls-Royce Corp. find up to an additional 500 parking spaces to accommodate the company’s move to a downtown office campus formerly occupied by Eli Lilly and Co.
Rolls-Royce is pairing with a California company to penetrate the Russian market.
Rolls-Royce Group, one of the largest employers in Indianapolis, is studying sites in the United States and Germany for new engine test sites.
Rolls-Royce’s Indianapolis plant assembles few of its workhorse T56 aircraft engines in whole, but cranking out spare parts for overhauls is a large business. The last contract modification, issued by the U.S. Air Force in 2007, is worth up to $789 million and is still active.
Rolls-Royce Corp. this week was awarded a $34.2 million modification to an engine maintenance contract from the Department of Defense’s Naval Air Systems Command.
The U.S. House committee rejected efforts by some in Congress to spend more money on construction of an extra engine for the F-35 Joint Strike Fighter for the Air Force, Navy and Marine Corps.
A U.S. House panel on Wednesday took a step toward reviving the alternate engine for the next-generation F-35 fighter plane that the Indianapolis operations of Rolls-Royce Corp. had been working on until a month ago.
Competition from a new, state-of-the-art Rolls-Royce factory in Virginia drove contract talks in Indianapolis between the company and a union representing 1,700 of its workers here.
Congress and the General Electric/Rolls-Royce group that was developing the engine were notified of the termination decision Monday. Rolls-Royce had about 130 people, mostly engineers, working on the F-35 project in Plainfield and Indianapolis.
The federal budget crunch already has halted work on a second engine for the F-35 Joint Strike Fighter being developed by General Electric and Rolls-Royce—putting thousands of jobs in jeopardy—and it's not the only aerospace program facing an uncertain future.
City officials’ fear that Rolls-Royce Corp. might pull thousands of jobs out of Indianapolis drove the negotiations that culminated last month with the company’s committing to move 2,500 of its local office employees to the south side of downtown.
A second person has joined a lawsuit alleging Rolls-Royce Corp. concealed repeated defects at an Indianapolis aircraft engine plant and fired workers for reporting problems.
The U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.