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Rolls-Royce To Increase Its Supply Chain Activity

MIAMI – Having reviewed its Civil Aerospace facility footprint, Rolls-Royce plans to increase the scope of its ITP Aero’s supply chain activity. The new focus is also part of a COVID-19 recovery plan, creating in the process a global aerospace leader.

According to the the company’s President of Civil Aerospace Chris Cholerton, Rolls-Royce has tried to reduce spending and costs since the beginning of the pandemic. Therefore, the company completed the restructuring of the Civil Aerospace business to improve competitiveness opportunities.

The aforementioned move would achieve a total annual pre-tax cash savings of at least £1.3bn for 2022. By also raising additional funds, read more ⇒

Source:: “Airways Magazine”

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