Rolls-Royce announces that it has completed the sale of its Naval Propulsors business to Fairbanks Morse Defense (FMD).
Announced in September 2024, the transaction involves the Pascagoula (Mississippi) and Walpole (Massachusetts) sites in the US. The sale of the Naval Handling business, located in Peterborough, Ontario, Canada, also to FMD, will take place at a later date.
The group will retain its marine gas turbine and generator set businesses, which are dedicated to propulsion and onboard power. These divestments are part of the strategic transformation initiated in 2023, aimed at refocusing the Defense division on high-potential segments: combat, transport, and submarines.
Rolls-Royce Holdings plc specializes in the design, manufacturing and marketing of engines for the aeronautics, marine, and energy sectors. Net sales break down by family of products as follows:
- commercial aero engines (51.8%);
- military military aero engines, naval engines and submarine nuclear power plants (23.8%);
- power and propulsion systems (24.4%): intended for power plants.
Net sales are distributed geographically as follows: the United Kingdom (14.6%), Germany (5.8%), Europe (14.6%), the United States (27.4%), North America (2.5%), China (7.1%), Asia (13.5%), the Middle East (7.9%), Africa (2.8%), Australasia (2%), Central and South America (1.8%).
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