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Upbeat Rolls-Royce says it is finally getting over engine troubles

Rolls-Royce expects to deliver 450 of the wide-body engines in which it specializes this year

Rolls Royce

Rolls-Royce Holdings Plc surged as Chief Executive Officer Warren East said he’s getting a grip on Boeing Co. 787 engine glitches that have blighted earnings and cash flow.

Rolls rose the most in 18 months and was the biggest mover among Europe’s top 600 stocks after it reported good progress in resolving the last outstanding issue with the 787’s Trent 1000 turbine and said one-time charges won’t exceed the 2.4 billion pounds ($3.1 billion) estimated through 2023.

East is seeking to draw a line under faults that have burdened Rolls-Royce through much of his tenure, triggering a succession of profit warnings, souring

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First Published: Feb 28 2020 | 11:35 PM IST

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