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).
GV EXTERIOR..Rolls Royce works
SV INTERIOR.. Technicians remove casing and thick cowling of R.B.211 engine (3 shots)
CU & SV Technicians watch as engine fan rotates (4 shots)
CU ZOOM OUT..sign "Olympus 593 flight engine for Concorde 002"
TV & SV Technicians working on Concorde (8 shots)
Initials ES.1054 WLW/MR/ES.1130
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Background: 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.