• Short Summary

    The future of Britain's Rolls-Royce engine manufacturing company is in grave doubt today, following a Cabinet meeting on the company in London yesterday (February 3).

  • Description

    The future of Britain's Rolls-Royce engine manufacturing company is in grave doubt today, following a Cabinet meeting on the company in London yesterday (February 3). Today, Rolls-Royce share dealing on the London stock exchange was suspended at the company's request after shares slumped, and the board of directors asked the Government to appoint an official receiver. This means the present company could be wound up.

    This film is a library compilation showing work on the RB 2II engine destined for the United States Lockheed Tristar Airbus, and other Rolls Royce engines, including that used in the supersonic Concordes. It is the RB 2II which is the centre of the company's troubles -- for the contract, which was said to be worth GBP180 million, with a potential sales of GBP1,000 million, is in doubt despite Lockheed denials, according to news reports. The outcome of the crisis will not be known for at least a few days yet.

  • Tags

  • Data

    Film ID:
    VLVA2PNZVZG7DLEM06DPEM601UI7B
    Media URN:
    VLVA2PNZVZG7DLEM06DPEM601UI7B
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    04/02/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:53:00
    Time in/Out:
    /
    Canister:
    N/A

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