UK news

“,”_type”:”model.dotcomrendering.pageElements.ChartAtomBlockElement”,”elementId”:”0e8512ed-e504-4677-a86b-79e022723e1d”}]},”site”:”frontend”,”page”:”Article”,”NAV”:{“currentNavLink”:”Markets”,”subNavSections”:{“parent”:{“title”:”Business”,”longTitle”:”Business”,”url”:”/business”,”children”:[{“title”:”Economics”,”longTitle”:”Economics”,”url”:”/business/economics”,”children”:[],”mobileOnly”:false},{“title”:”Banking”,”longTitle”:”Banking”,”url”:”/business/banking”,”children”:[],”mobileOnly”:false},{“title”:”Money”,”longTitle”:”Money”,”url”:”/money”,”children”:[{“title”:”Property”,”longTitle”:”Property”,”url”:”/money/property”,”children”:[],”mobileOnly”:false},{“title”:”Pensions”,”longTitle”:”Pensions”,”url”:”/money/pensions”,”children”:[],”mobileOnly”:false},{“title”:”Savings”,”longTitle”:”Savings”,”url”:”/money/savings”,”children”:[],”mobileOnly”:false},{“title”:”Borrowing”,”longTitle”:”Borrowing”,”url”:”/money/debt”,”children”:[],”mobileOnly”:false},{“title”:”Careers”,”longTitle”:”Careers”,”url”:”/money/work-and-careers”,”children”:[],”mobileOnly”:false}],”mobileOnly”:false},{“title”:”Markets”,”longTitle”:”Markets”,”url”:”/business/stock-markets”,”children”:[],”mobileOnly”:false},{“title”:”Project Syndicate”,”longTitle”:”Project Syndicate”,”url”:”/business/series/project-syndicate-economists”,”children”:[],”mobileOnly”:false},{“title”:”B2B”,”longTitle”:”B2B”,”url”:”/business-to-business”,”children”:[],”mobileOnly”:false},{“title”:”Retail”,”longTitle”:”Retail”,”url”:”/business/retail”,”children”:[],”mobileOnly”:false}],”mobileOnly”:false},”links”:[{“title”:”Economics”,”longTitle”:”Economics”,”url”:”/business/economics”,”children”:[],”mobileOnly”:false},{“title”:”Banking”,”longTitle”:”Banking”,”url”:”/business/banking”,”children”:[],”mobileOnly”:false},{“title”:”Money”,”longTitle”:”Money”,”url”:”/money”,”children”:[{“title”:”Property”,”longTitle”:”Property”,”url”:”/money/property”,”children”:[],”mobileOnly”:false},{“title”:”Pensions”,”longTitle”:”Pensions”,”url”:”/money/pensions”,”children”:[],”mobileOnly”:false},{“title”:”Savings”,”longTitle”:”Savings”,”url”:”/money/savings”,”children”:[],”mobileOnly”:false},{“title”:”Borrowing”,”longTitle”:”Borrowing”,”url”:”/money/debt”,”children”:[],”mobileOnly”:false},{“title”:”Careers”,”longTitle”:”Careers”,”url”:”/money/work-and-careers”,”children”:[],”mobileOnly”:false}],”mobileOnly”:false},{“title”:”Markets”,”longTitle”:”Markets”,”url”:”/business/stock-markets”,”children”:[],”mobileOnly”:false},{“title”:”Project Syndicate”,”longTitle”:”Project Syndicate”,”url”:”/business/series/project-syndicate-economists”,”children”:[],”mobileOnly”:false},{“title”:”B2B”,”longTitle”:”B2B”,”url”:”/business-to-business”,”children”:[],”mobileOnly”:false},{“title”:”Retail”,”longTitle”:”Retail”,”url”:”/business/retail”,”children”:[],”mobileOnly”:false}]}},”GA”:{“webTitle”:”Rolls-Royce sells Spanish unit for €1.7bn as it repairs finances”,”pillar”:”news”,”section”:”business”,”contentType”:”article”,”commissioningDesks”:”ukbusiness”,”contentId”:”business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”authorIds”:”profile/marksweney”,”keywordIds”:”business/rollsroycegroup,business/aerospace-industry,business/business,uk/uk,world/spain,us-news/us-news,business/privateequity,business/stock-markets,business/ftse,world/europe-news”,”toneIds”:”tone/news”,”seriesId”:””,”isHosted”:”false”,”edition”:”us”,”beaconUrl”:”//phar.gu-web.net”},”linkedData”:[{“@type”:”NewsArticle”,”@context”:”https://schema.org”,”@id”:”https://amp.theguardian.com/business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”publisher”:{“@type”:”Organization”,”@context”:”https://schema.org”,”@id”:”https://www.theguardian.com#publisher”,”name”:”The Guardian”,”url”:”https://www.theguardian.com/”,”logo”:{“@type”:”ImageObject”,”url”:”https://uploads.guim.co.uk/2018/01/31/TheGuardian_AMP.png”,”width”:190,”height”:60},”sameAs”:[“https://www.facebook.com/theguardian”,”https://twitter.com/guardian”,”https://www.youtube.com/user/TheGuardian”]},”isAccessibleForFree”:true,”isPartOf”:{“@type”:[“CreativeWork”,”Product”],”name”:”The Guardian”,”productID”:”theguardian.com:basic”},”image”:[“https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=729899564a81be7637de8128a9663d91″,”https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1200&height=1200&quality=85&auto=format&fit=crop&s=7161d74f9a778af514c56949180d8fac”,”https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1200&height=900&quality=85&auto=format&fit=crop&s=af39fbef881f08c7240af66505b95765″,”https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1200&quality=85&auto=format&fit=max&s=9560f37780cefb8a4e2c80c78358113f”],”author”:[{“@type”:”Person”,”name”:”Mark Sweney”,”sameAs”:”https://www.theguardian.com/profile/marksweney”}],”datePublished”:”2021-09-27T16:31:31.000Z”,”headline”:”Rolls-Royce sells Spanish unit for €1.7bn as it repairs finances”,”dateModified”:”2021-09-27T16:48:43.000Z”,”mainEntityOfPage”:”https://www.theguardian.com/business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”},{“@type”:”WebPage”,”@context”:”https://schema.org”,”@id”:”https://www.theguardian.com/business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”potentialAction”:{“@type”:”ViewAction”,”target”:”android-app://com.guardian/https/www.theguardian.com/business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”}}]}},”config”:{“isDotcomRendering”:true,”stage”:”PROD”,”frontendAssetsFullURL”:”https://assets.guim.co.uk/”,”page”:{“avatarApiUrl”:”https://avatar.theguardian.com”,”references”:[{“rich-link”:”https://www.theguardian.com/info/2017/may/16/guardian-business-today-sign-up-financial-news-email”},{“reuters-stock-ric”:”RR.L”},{“reuters-index-ric”:”.FTSE”},{“rich-link”:”https://www.theguardian.com/info/2015/dec/08/daily-email-uk”}],”isProd”:true,”shortUrlId”:”/p/j34qp”,”switches”:{“anniversaryHeaderSvg”:true,”prebidAppnexusUkRow”:true,”commercialMetrics”:true,”prebidTrustx”:true,”scAdFreeBanner”:false,”prebidPermutiveAudience”:true,”compareVariantDecision”:false,”enableSentryReporting”:true,”lazyLoadContainers”:true,”adFreeStrictExpiryEnforcement”:false,”liveblogRendering”:true,”remarketing”:true,”registerWithPhone”:false,”targeting”:true,”remoteHeader”:true,”extendedMostPopularFronts”:true,”slotBodyEnd”:true,”prebidImproveDigitalSkins”:true,”emailInlineInFooter”:true,”adomik”:true,”facebookTrackingPixel”:true,”iasAdTargeting”:true,”extendedMostPopular”:true,”prebidAnalytics”:true,”puzzlesBanner”:true,”imrWorldwide”:true,”acast”:true,”twitterUwt”:true,”interactiveLibrarian”:true,”prebidAppnexusInvcode”:true,”a9HeaderBidding”:true,”prebidAppnexus”:true,”enableDiscussionSwitch”:true,”standaloneCommercialBundle”:true,”prebidXaxis”:true,”interactiveFullHeaderSwitch”:true,”discussionAllPageSize”:true,”prebidUserSync”:true,”audioOnwardJourneySwitch”:true,”mobileStickyPrebid”:true,”externalVideoEmbeds”:true,”simpleReach”:true,”abRefreshConfiantBlockedAds”:true,”carrotTrafficDriver”:true,”sentinelLogger”:true,”geoMostPopular”:true,”weAreHiring”:true,”relatedContent”:true,”thirdPartyEmbedTracking”:true,”removeStickyNav”:true,”prebidOzone”:true,”prebidAdYouLike”:true,”mostViewedFronts”:true,”abSignInGateMainControl”:true,”ampPrebid”:true,”googleSearch”:true,”brazeSwitch”:true,”consentManagement”:true,”commercial”:true,”redplanetForAus”:true,”prebidSonobi”:true,”idProfileNavigation”:true,”confiantAdVerification”:true,”discussionAllowAnonymousRecommendsSwitch”:false,”scrollDepth”:true,”permutive”:true,”comscore”:true,”standaloneCommercialBundleTracking”:true,”webFonts”:true,”prebidImproveDigital”:true,”ophan”:true,”crosswordSvgThumbnails”:true,”prebidTriplelift”:true,”weather”:true,”commercialOutbrainNewids”:true,”abSignInGateMainVariant”:true,”abAdblockAsk”:true,”prebidPubmatic”:true,”serverShareCounts”:false,”autoRefresh”:true,”enhanceTweets”:true,”prebidIndexExchange”:true,”prebidOpenx”:true,”prebidHeaderBidding”:true,”idCookieRefresh”:true,”sharingComments”:true,”discussionPageSize”:true,”smartAppBanner”:false,”boostGaUserTimingFidelity”:false,”historyTags”:true,”mobileStickyLeaderboard”:true,”surveys”:true,”remoteBanner”:true,”inizio”:true},”hasYouTubeAtom”:false,”inBodyInternalLinkCount”:2,”atomTypes”:{“guide”:false,”audio”:false,”explainer”:false,”profile”:false,”chart”:true,”timeline”:false,”qanda”:false,”commonsdivision”:false},”keywordIds”:”business/rollsroycegroup,business/aerospace-industry,business/business,uk/uk,world/spain,us-news/us-news,business/privateequity,business/stock-markets,business/ftse,world/europe-news”,”blogIds”:””,”sharedAdTargeting”:{“ct”:”article”,”co”:[“marksweney”],”url”:”/business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”su”:[“0″],”edition”:”us”,”tn”:[“news”],”p”:”ng”,”k”:[“business”,”rollsroycegroup”,”uk/uk”,”privateequity”,”europe-news”,”spain”,”ftse”,”stock-markets”,”us-news”,”aerospace-industry”],”sh”:”https://www.theguardian.com/p/j34qp”},”beaconUrl”:”//phar.gu-web.net”,”campaigns”:[],”calloutsUrl”:”https://callouts.code.dev-guardianapis.com/formstack-campaign/submit”,”requiresMembershipAccess”:false,”hasMultipleVideosInPage”:false,”onwardWebSocket”:”ws://api.nextgen.guardianapps.co.uk/recently-published”,”a9PublisherId”:”3722″,”pbIndexSites”:[{“bp”:”D”,”id”:208278},{“bp”:”M”,”id”:213548},{“bp”:”T”,”id”:215483}],”toneIds”:”tone/news”,”dcrSentryDsn”:”https://1937ab71c8804b2b8438178dfdd6468f@sentry.io/1377847″,”idWebAppUrl”:”https://oauth.theguardian.com”,”discussionApiUrl”:”https://discussion.theguardian.com/discussion-api”,”sentryPublicApiKey”:”344003a8d11c41d8800fbad8383fdc50″,”omnitureAccount”:”guardiangu-network”,”contributorBio”:””,”pageCode”:”10160071″,”pillar”:”News”,”commercialBundleUrl”:”https://assets.guim.co.uk/javascripts/853b7a446aad6d527e73/graun.commercial.dcr.js”,”discussionApiClientHeader”:”nextgen”,”membershipUrl”:”https://membership.theguardian.com”,”cardStyle”:”news”,”shouldHideReaderRevenue”:false,”sentryHost”:”app.getsentry.com/35463″,”shouldHideAdverts”:false,”membershipAccess”:””,”isPreview”:false,”googletagJsUrl”:”//securepubads.g.doubleclick.net/tag/js/gpt.js”,”supportUrl”:”https://support.theguardian.com”,”hasShowcaseMainElement”:false,”isColumn”:false,”isPaidContent”:false,”sectionName”:”Business”,”mobileAppsAdUnitRoot”:”beta-guardian-app”,”dfpAdUnitRoot”:”theguardian.com”,”headline”:”Rolls-Royce sells Spanish unit for €1.7bn as it repairs finances”,”commentable”:false,”idApiUrl”:”https://idapi.theguardian.com”,”showRelatedContent”:true,”commissioningDesks”:”uk-business”,”inBodyExternalLinkCount”:0,”adUnit”:”/59666047/theguardian.com/business/article/ng”,”stripePublicToken”:”pk_live_2O6zPMHXNs2AGea4bAmq5R7Z”,”videoDuration”:0,”stage”:”PROD”,”idOAuthUrl”:”https://oauth.theguardian.com”,”isSensitive”:false,”isDev”:false,”thirdPartyAppsAccount”:”guardiangu-thirdpartyapps”,”richLink”:”/info/2015/dec/08/daily-email-uk”,”avatarImagesUrl”:”https://avatar.guim.co.uk”,”trackingNames”:”UK Business”,”fbAppId”:”180444840287″,”externalEmbedHost”:”https://embed.theguardian.com”,”ajaxUrl”:”https://api.nextgen.guardianapps.co.uk”,”keywords”:”Rolls-Royce,Aerospace industry,Business,UK news,Spain,US news,Private equity,Stock markets,FTSE,Europe”,”revisionNumber”:”DEV”,”blogs”:””,”section”:”business”,”hasInlineMerchandise”:false,”locationapiurl”:”/weatherapi/locations?query=”,”buildNumber”:”40136″,”isPhotoEssay”:false,”ampIframeUrl”:”https://assets.guim.co.uk/data/vendor/8aef390c60b12c2d4425870583ed8245/amp-iframe.html”,”userAttributesApiUrl”:”https://members-data-api.theguardian.com/user-attributes”,”isLive”:false,”publication”:”theguardian.com”,”host”:”https://www.theguardian.com”,”brazeApiKey”:”7f28c639-8bda-48ff-a3f6-24345abfc07c”,”contentType”:”Article”,”facebookIaAdUnitRoot”:”facebook-instant-articles”,”ophanEmbedJsUrl”:”//j.ophan.co.uk/ophan.embed”,”idUrl”:”https://profile.theguardian.com”,”thumbnail”:”https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/500.jpg?quality=85&auto=format&fit=max&s=0d70107f0efa495cb55679ff1811ad02″,”isFront”:false,”wordCount”:606,”author”:”Mark Sweney”,”dfpAccountId”:”59666047″,”nonKeywordTagIds”:”type/article,tone/news,profile/marksweney,tracking/commissioningdesk/uk-business”,”pageId”:”business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”forecastsapiurl”:”/weatherapi/forecast”,”assetsPath”:”https://assets.guim.co.uk/”,”lightboxImages”:{“id”:”business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”headline”:”Rolls-Royce sells Spanish unit for €1.7bn as it repairs finances”,”shouldHideAdverts”:false,”standfirst”:”

Shares soar as, along with ITP Aero sale, firm wins multibillion-dollar contract from US air force

“,”images”:[{“caption”:”Rolls-Royce has announced a contract to supply F130 engines for the US air force’s B-52 Stratofortress for the next 30 years.”,”credit”:”Photograph: US Air Force/Reuters”,”displayCredit”:true,”src”:”https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=700&quality=85&auto=format&fit=max&s=ad51593e736f07e14da8373a1958d2c0″,”srcsets”:”https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1920&quality=85&auto=format&fit=max&s=539454da237aad3f9258724ea38b7621 1920w, https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1225&quality=85&auto=format&fit=max&s=078035e5c743429bd475441116478f12 1225w, https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=1065&quality=85&auto=format&fit=max&s=07e4d8464357ab738a317a40331dd2d9 1065w, https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=965&quality=85&auto=format&fit=max&s=b33e0a89cb7954b19509fcddd4b70682 965w, https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=725&quality=85&auto=format&fit=max&s=9363c607af2ce2e0e6a869900a353480 725w, https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=645&quality=85&auto=format&fit=max&s=1f65537e68217a36e4f496537388533d 645w, https://i.guim.co.uk/img/media/ba62b582a43a6b85a6ccaa31ba7ca0d67755a7a1/84_0_1565_939/master/1565.jpg?width=465&quality=85&auto=format&fit=max&s=a55fb7ae8c82da091b81e5d97a5e8d99 465w”,”sizes”:”(min-width: 1300px) 1920px, (min-width: 1140px) 1225px, (min-width: 980px) 1065px, (min-width: 740px) 965px, (min-width: 660px) 725px, (min-width: 480px) 645px, 465px”,”ratio”:1.6666666666666667,”role”:”None”,”parentContentId”:”business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”id”:”business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”}]},”isImmersive”:false,”dfpHost”:”pubads.g.doubleclick.net”,”googletagUrl”:”//securepubads.g.doubleclick.net/tag/js/gpt.js”,”mmaUrl”:”https://manage.theguardian.com”,”abTests”:{},”shortUrl”:”https://www.theguardian.com/p/j34qp”,”isContent”:true,”contentId”:”business/2021/sep/27/rolls-royce-sells-spanish-unit-as-it-repairs-finances”,”edition”:”US”,”discussionFrontendUrl”:”https://assets.guim.co.uk/discussion/discussion-frontend.preact.iife.8bdbd9194e.js”,”ipsosTag”:”business”,”ophanJsUrl”:”//j.ophan.co.uk/ophan.ng”,”atoms”:[“679ca9db-9e44-445c-bb78-40878845a37a”],”productionOffice”:”Uk”,”dfpNonRefreshableLineItemIds”:[68842407,70516407,70931847,71342607,72502287,72503607,73773207,73829127,74480367,74823567,74824167,75586767,75588207,76352007,76437927,76443087,76443567,76603287,77324247,77504847,77546367,77561007,77590287,77622207,77747367,78316047,78455967,78470967,78507807,78713607,79009167,79094487,80502447,80568087,80568207,80568327,80568447,80569047,81002967,82211367,82339767,82879287,82881807,83178927,85253487,85558287,85961247,86814567,87004887,87191607,87726207,87852807,87878367,88153527,88333647,88420407,88526727,88621527,88861167,89035647,89035887,89036607,89084607,89084967,89141967,89356167,89743047,89793087,90159687,90323007,90359967,90935367,91095807,91118247,91732647,91985967,92216007,92355087,92436807,92506887,92681487,92948847,93121767,93550767,93717567,93784887,93785607,93930207,94193007,94674927,94822527,95840847,95931207,96296367,97980687,98151207,98165247,98610447,98671647,98893047,101192247,101476527,101684007,101999127,102061647,102066567,102344847,102790767,102792207,102892767,102894687,102895167,102895647,103062327,104218407,106736607,107115927,107235087,107509047,107955087,108799287,108893967,109638687,109648167,109761807,109831287,111055527,111057567,112799127,112882647,112888527,112950567,113374647,113880927,114906327,115133247,116149647,117980727,118236687,118631847,118934247,119632887,119737767,121592967,122583687,123487167,123873927,123978567,123996567,123996927,123997527,124001247,125878047,126003687,126004167,130630407,130630647,130686687,130686807,130693287,130777407,130840767,131115447,131135007,131652687,132065367,132325287,132348327,132758367,133502127,133852047,133854327,133989327,134130087,134567967,134876607,134979567,135278007,135292767,135353727,135773007,135776847,135826887,135841887,135850407,136120767,136236207,136278807,136455207,136550247,137025927,137200287,137382567,140711127,141827967,142466367,142883847,143109567,144237927,146321007,146324607,146326287,146339727,146355567,147500367,147801807,148446687,148454487,152119407,153546927,154108047,154108167,154112007,154112367,154113087,154113207,154114887,154125567,154126407,154290807,154290927,154291287,154291407,154291527,154291887,154295007,154295967,154297527,154303287,154303527,154332087,154386087,154387407,154391247,154391967,154392927,154394847,154540527,154544247,154693287,154793967,154794087,155010327,155010447,160437567,163112127,163372647,165575127,4345086236,4345095356,4345169885,4345177565,4345182855,4345186250,4349172433,4360612711,4360793649,4371265570,4371369115,4393832120,4400994377,4428613611,4443205897,4451525654,4480779579,4498662865,4508670694,4512645730,4516698376,4517304218,4517378559,4517379732,4517380203,4539078702,4548855586,4549107258,4552894255,4555165414,4555183615,4555236856,4555635725,4555650690,4555674903,4555684517,4555688577,4556153989,4556285026,4556324359,4556326294,4556648082,4556678787,4557241378,4557634755,4557708173,4557762374,4557783054,4557975570,4558001894,4558957661,4559094602,4559618101,4560130208,4579011086,4579746196,4584262791,4586005424,4586012639,4598413679,4608554346,4612781170,4613725167,4652061785,4659761500,4671027724,4671116147,4680579583,4680686606,4684616813,4688643082,4689828177,4698081076,4698085906,4698483837,4698485673,4698836785,4700389583,4702727917,4705009339,4706776058,4715712191,4719669541,4739368280,4741268540,4741269263,4752748306,4770577846,4794336160,4795460127,4813434715,4814193728,4816151238,4818099525,4843101319,4843259745,4843534303,4843660002,4851611473,4900192015,4950965688,4953561994,4956216414,4956359904,4957449531,4957639563,4961380948,4963865755,4972816526,4974150367,4974378154,4974421332,4974425718,4974440616,4974909599,4974917942,4979472123,4979611347,4986877832,4986883844,4988662283,4995359684,4995363299,4995664790,5000134545,5000531182,5000790614,5004234716,5008428214,5008745198,5014861653,5015013326,5017538127,5017618519,5017627117,5017870049,5017880045,5017883228,5017885847,5018142683,5022785722,5025139359,5030227901,5031882476,5033068546,5033399504,5043072122,5048369906,5048446713,5048474394,5048578765,5048623579,5048855939,5048896271,5050809297,5051271119,5051862705,5052565344,5058276148,5058861737,5060861401,5080503991,5084422705,5084769575,5086430628,5089439429,5094408955,5095477169,5100382690,5106137416,5106578097,5108771973,5108801259,5108834289,5109414149,5109477985,5112760220,5114958382,5115460784,5119369095,5119589887,5119608376,5119622833,5120038706,5122977293,5124775878,5133611676,5133616221,5135185825,5135800503,5135919817,5136222120,5138121327,5138315476,5138858096,5139829373,5140474550,5146213631,5154348200,5154699509,5168480847,5168728930,5168743192,5168757037,5168769787,5168772901,5168778655,5168970951,5169221645,5169233267,5169331108,5169776357,5170070115,5174441005,5176804734,5179364348,5182269069,5189431118,5189548223,5189828618,5191810924,5192098697,5193340753,5194618937,5198567242,5199544925,5199894385,5202346462,5202735047,5203815492,5214574966,5221774258,5235889561,5237536072,5240124892,5240125189,5246856420,5247376316,5255393980,5266175458,5266307404,5277318463,5277410634,5278753376,5281772778,5287997419,5288243957,5292326384,5294756358,5295990867,5296142792,5298193115,5301069538,5307038116,5308699342,5308761803,5310716113,5311015892,5311315855,5313231081,5314388147,5317639803,5317639806,5317639815,5317639824,5317639827,5317642026,5317642029,5317642032,5317642035,5317642038,5317642041,5317642044,5317642047,5317642050,5317642215,5317642218,5317642221,5317642224,5317642227,5317642230,5317642233,5317642236,5317642239,5317642287,5317642293,5317642296,5317642299,5317642302,5317642305,5317642308,5317642311,5317642314,5317642500,5317642506,5317642509,5317643991,5317643994,5317643997,5317646859,5317646862,5317646865,5317646868,5317646871,5317646874,5317647027,5317647030,5317647033,5317647036,5317647039,5317647042,5317647078,5317647081,5317647084,5317647087,5317647090,5317647093,5317647117,5317647240,5317647243,5317648032,5317648035,5317648038,5317648065,5317648068,5317648074,5317648077,5317648212,5317648215,5317648218,5317648230,5317649196,5317649199,5317649202,5317650693,5317650696,5317650699,5317650702,5317650705,5317650708,5317650711,5317650714,5317650717,5317650888,5317650891,5317650894,5317650897,5317650900,5317650903,5317650906,5317650909,5317650945,5317650948,5317650951,5317650954,5317650957,5317651080,5317651083,5317651086,5317651089,5317651110,5317651113,5317651116,5317651119,5317828458,5317828461,5317828464,5317841238,5317841241,5317841244,5317841247,5317841277,5317841400,5317841403,5317841406,5317841409,5317841412,5317841436,5317841439,5317841442,5317841445,5317841448,5317841721,5317841727,5317841730,5317841733,5317841736,5317841739,5317841742,5317841745,5317841748,5317841901,5317841904,5317841907,5317841910,5317841913,5317841916,5317841919,5317841922,5317841925,5317841958,5317841961,5317841964,5317841967,5317841970,5317841973,5317841976,5317841997,5317842120,5317842690,5317842693,5317842696,5317842699,5317842702,5317842705,5317842708,5317842849,5317842852,5317842855,5317842858,5317842861,5317842864,5317842867,5317842909,5317842912,5317842915,5317842918,5317843080,5317843083,5317843086,5317843089,5317843092,5317843110,5317843113,5317843116,5317843119,5317843137,5317843140,5317843143,5317843146,5317843149,5317843155,5317844526,5317844529,5317844544,5317844547,5317844556,5317844559,5317845060,5317845063,5317845066,5317845069,5317845072,5317845075,5317845078,5317845081,5317845084,5317845087,5317845090,5317845093,5317845096,5317845270,5317845273,5317845276,5317845279,5317845282,5317845285,5317845288,5317845291,5317845294,5317845297,5317845300,5317845303,5317845306,5317845324,5317845327,5317845330,5317875310,5318531695,5318531698,5318531701,5318531704,5318531707,5318531710,5318531713,5318531716,5318531719,5318531722,5318531896,5318531899,5318531902,5318531905,5318531908,5318531911,5318531914,5318531917,5318531956,5318531959,5318531962,5318531965,5318531968,5318531971,5318531974,5318531977,5318531980,5318532124,5318532127,5318532130,5318532883,5318532886,5318532898,5318532901,5318532913,5318532916,5318535796,5318535799,5318535802,5318535805,5318535808,5318535811,5318535814,5318535817,5318535982,5318535985,5318535988,5318535991,5318535994,5318535997,5318536000,5318536003,5318536057,5318536060,5318536063,5318536078,5318537953,5318537956,5318537959,5318537962,5318537965,5318537968,5318538121,5318538124,5318538127,5318538130,5318538133,5318538136,5318538172,5318538175,5318538178,5318538181,5318538184,5318538208,5318538610,5318538613,5318538616,5318538622,5318538625,5318538628,5318538631,5318538634,5318538670,5318538673,5318538676,5318538679,5318538682,5318538685,5318538688,5318538691,5318538694,5318538841,5318538844,5318538847,5318540599,5318540602,5318540605,5318540608,5318540611,5318540614,5318540617,5318540620,5318540776,5318540779,5318540782,5318540785,5318540788,5318540791,5318540794,5318540797,5318540839,5318540842,5318540845,5318540848,5318540851,5318540854,5318540857,5318540860,5318541097,5318541100,5318541103,5318541106,5318541109,5318541112,5318541115,5318541118,5318541241,5318541280,5318541283,5318541289,5318541292,5318541295,5318541298,5318541301,5318541304,5318541349,5318541352,5318541355,5318541358,5318541481,5318541484,5318541487,5318541490,5318541493,5318541517,5318541520,5318541523,5318541778,5318541781,5318541784,5318541799,5318541802,5318541805,5318541808,5318541823,5318541826,5318541835,5318543272,5318543275,5318731807,5318731810,5318739007,5318739010,5318739013,5318739016,5318739019,5318739022,5318739055,5318739058,5318739061,5318739064,5318739067,5318739070,5318739094,5318739097,5318739100,5318739103,5318739106,5318739109,5318739112,5318739250,5318741269,5318741272,5318741275,5318741278,5318741401,5318741425,5318741428,5318741431,5318741434,5318741437,5318741473,5318741476,5318741479,5318741482,5318741485,5318741488,5318741491,5318741494,5318741503,5318742385,5318742388,5318742391,5318742394,5318742397,5318742400,5318742403,5318742406,5318742451,5318742454,5318742457,5318742460,5318742463,5318742466,5318743129,5318743132,5318743135,5318743138,5318743141,5318743162,5318743165,5318743168,5318743192,5318743195,5318743198,5318743321,5318743324,5318743327,5318743339,5318743426,5318743429,5318743432,5318743435,5318743438,5318743561,5318743564,5318743567,5318743603,5318743606,5318743609,5318743612,5318743615,5318743618,5318743621,5318743624,5318743627,5318743630,5318743648,5318743651,5318744077,5318744080,5318744083,5318744086,5318744116,5318744119,5318744122,5318744125,5318744128,5318744155,5318744158,5318744281,5318744284,5318744287,5318744293,5318864639,5318864762,5318864765,5318864768,5318864771,5318864774,5318864777,5318864780,5318864816,5318864819,5318864822,5318864825,5318864828,5318864831,5318864834,5318864837,5318864840,5318864843,5318864846,5318865008,5318865011,5318865014,5318865017,5318865020,5318865023,5318865026,5318865029,5318865032,5318865050,5318865053,5318865056,5318865059,5318866262,5318866265,5318866268,5318866271,5318866274,5318866277,5318866280,5318866283,5318866286,5318866451,5318866454,5318866457,5318866460,5318866463,5318866466,5318866469,5318866472,5318866475,5318866529,5318866532,5318867009,5318867012,5318867018,5318867039,5318867162,5318867165,5318867186,5318867189,5318867192,5318867195,5318867198,5318867201,5318867204,5318867207,5318867210,5318867213,5318867270,5318867279,5318867405,5318867411,5318868881,5318868884,5318868887,5318868890,5318868896,5318868899,5318868902,5318868905,5318868908,5318869082,5318869085,5318869088,5318869091,5318869094,5318869097,5318869100,5318869103,5318869106,5318869163,5318869166,5318869169,5318869172,5318869175,5318869178,5318869181,5318869184,5318869325,5318869328,5318869331,5318869334,5318869337,5318869340,5318869370,5318869373,5318869376,5318871548,5318871551,5318871554,5318871557,5318871560,5318871563,5318871566,5318871569,5318873177,5318873180,5318873183,5318873186,5318873189,5318873192,5318873195,5318873198,5318873234,5318873237,5318873240,5318873243,5318873246,5318873249,5318873252,5318873255,5318873420,5318873423,5318873426,5318873429,5318873432,5318873435,5318873441,5318873444,5318873447,5318926492,5319064274,5319064277,5319068810,5319068813,5319068816,5319068819,5319068822,5319068825,5319068828,5319068855,5319068858,5319068861,5319068864,5319068867,5319068870,5319069017,5319069020,5319069023,5319069026,5319069029,5319069047,5319069050,5319069248,5319069251,5319069254,5319069257,5319069260,5319069263,5319069266,5319069299,5319069302,5319069305,5319069308,5319069311,5319069314,5319069317,5319069320,5319069356,5319069359,5319069482,5319069485,5319069488,5319069491,5319069494,5319069497,5319069521,5319071465,5319071468,5319071483,5319072671,5319072674,5319072677,5319072710,5319072713,5319072716,5319072719,5319072842,5319072845,5319072848,5319072866,5319073331,5319073334,5319073337,5319073340,5319073346,5319073349,5319074633,5319074636,5319074639,5319074762,5319074765,5319074768,5319074771,5319074774,5319074777,5319074780,5319074783,5319074846,5319074849,5319074852,5319074855,5319074876,5319074879,5319075014,5319075017,5319075020,5319075023,5319075029,5319076067,5319076070,5319076073,5319076076,5319076079,5319076202,5319076205,5319076208,5319076211,5319076214,5319076217,5319076220,5319076223,5319076226,5324801169,5330307720,5330401363,5338315860,5339353594,5340782318,5341957914,5342605889,5344079902,5344710145,5345043263,5345055992,5345151767,5352937640,5353508550,5354239380,5356142370,5357314970,5357322221,5358515412,5358530526,5359317792,5359326660,5359665347,5360464781,5368613457,5370206536,5370867504,5372009946,5372952707,5381567907,5381932514,5387477683,5389110394,5389507817,5394024873,5395089503,5395094296,5395167785,5398639115,5402290248,5414399009,5418142465,5423511818,5424316299,5426052636,5428101561,5428238577,5437125968,5441046622,5441386781,5443815241,5445787189,5452334545,5452537381,5454590081,5457737962,5459157095,5461672778,5465040945,5466211677,5466214734,5466811412,5466996369,5469112465,5469250311,5471332305,5472367436,5473663887,5478754708,5479129658,5479433266,5483205317,5492374239,5498289762,5501407883,5507589986,5509683030,5514880750,5516342298,5516696296,5519048334,5519829553,5523426655,5528615963,5532729331,5536818852,5537333007,5538360938,5539423093,5543293170,5545361453,5545851295,5554381329,5557362147,5558515143,5558515644,5558518443,5558523552,5558527566,5558529060,5558531448,5558533656,5558534115,5558536716,5558537001,5558758006,5559666853,5559668044,5559671971,5559672454,5559673918,5559683413,5559690655,5559691654,5559692575,5559692578,5559692581,5559692584,5559795497,5559795962,5559796472,5559799676,5559802297,5559805343,5559814544,5559815492,5559815495,5559817130,5563851720,5564201933,5570403307,5584069572,5585724471,5588312812,5598121671,5599430842,5600807700,5600944001,5601302339,5608553753,5610406314,5617153347,5619527905,5620070327,5624650559,5625971457,5626445497,5630498106,5630926258,5631069021,5631955125,5633479388,5633620717,5634480439,5635126238,5635356428,5636227163,5636871103,5637020583,5638735089,5640014157,5640142799,5642322406,5642888630,5642896490,5644742529,5650815089,5650830410,5651300082,5651306766,5651538186,5651656736,5652284594,5652284603,5652385194,5652981023,5655162862,5655846188,5656329770,5656438755,5657919278,5659056215,5659225166,5666863801,5668749969,5668777390,5669427974,5672045494,5672234072,5675250952,5677155294,5677336975,5677342767,5678271319,5678928204,5678959891,5680037710,5680039576,5680077826,5680723343,5681320253,5681484409,5681998785,5683658595,5683722924,5683724046,5683724283,5684669665,5684679082,5685220955,5688180217,5688417246,5688821033,5689244570,5689273094,5689389288,5689394526,5689397454,5690102138,5690420821,5690422309,5690547990,5690548050,5690548701,5691044369,5691062876,5691064031,5691072461,5691073868,5691304212,5692140194,5693512461,5693671839,5694212346,5694226236,5694228237,5694231486,5694231828,5694232035,5694235362,5694235917,5694236040,5694236043,5694236046,5694384864,5695155356,5695265185,5695426501,5695512895,5695819193,5695853162,5695854638,5695858295,5695889221,5695999910,5696593360,5700710305,5700749199,5700750906,5700751875,5701502323,5702051942,5702405210,5702572786,5703572557,5704539490,5704654534,5706531975,5713558238,5713592329,5713605961,5714098061,5715012196,5715346293,5715370455,5716486294,5716518925,5717352618,5721121338,5721720880,5721868783,5722378280,5724949152,5726237418,5726531721,5727119421,5727577588,5728855144,5731630720,5733149934,5733244920,5734727265,5739580962,5740463271,5740856866,5740922862,5741045473,5742250048,5742260078,5742312614,5742312941,5742480939,5742622936,5743364780,5744253818,5744423275,5744727567,5746584938,5748585303,5748717979,5748877438,5749671281,5749671833,5749671836,5749671839,5749908198,5750414600,5750418443,5750686049,5750686052,5750686055,5750686058,5750686061,5750686064,5750686067,5750686070,5751667100,5752456731,5753244204,5753417652,5753988874,5754139406,5754152111,5754159813,5754160212,5754160215,5754160218,5754230064,5755374646,5755411627,5755956401,5755956404,5755982066,5756949086,5756949089,5756949095,5757599444,5758758633,5758758636,5758842884,5758892396,5759236067,5759572937,5760931411,5760950545,5760950551,5761196155,5761315183,5761842697,5764089031,5764437243,5764437759,5764437768,5764455357,5764816798,5765356064,5765420307,5765731324,5765735890,5765889595,5765901838,5765916906,5766331121,5766865593,5766869250,5767773773,5768637015,5769296094,5769532533,5770099876,5770464659,5770476881,5770523996,5771133577,5773409201,5774297510,5774528831,5774733963,5774776521,5775407884,5776111638,5776418056,5777751792,5777869415,5777870159,5779761586,5780449832,5780450118,5780451051,5780454188,5780477408,5780512290,5781522903,5781548395,5781643177,5781765326,5781891586,5781891589,5781892015,5781893254,5781915091,5782270252,5782353971,5782453418,5782454783,5782463750,5782625193,5782696509,5782771183,5782785976,5782818629,5782828472,5782880117,5782913713,5783490152,5783643050,5783720540,5784032044,5784488536,5784988930,5785022823,5785051917,5785789902,5786211067,5786268217,5786270782,5786418907,5786490699,5786649083,5786768319,5786816639,5786888871,5787261799,5787470087,5787674861,5788074366,5788075377,5788087881,5788487512,5788777675,5789918867,5791259421,5791270548,5791729870,5791734369,5792336600,5792372819,5792375705,5792780358,5792912555,5793090945,5793105333,5793299010,5793399493,5793540940,5793672952,5793828362,5793829673,5794011099,5794025987,5794301645,5794716861,5794717674,5794799009,5794825169,5795105456,5795224550,5795242790,5795302061,5795483444,5795742887,5796260779,5796298285,5796591738,5796910502,5797572181,5797926130,5798345492,5798400398,5798736401,5798932079],”tones”:”News”,”plistaPublicApiKey”:”462925f4f131001fd974bebe”,”isLiveBlog”:false,”frontendAssetsFullURL”:”https://assets.guim.co.uk/”,”googleSearchId”:”007466294097402385199:m2ealvuxh1i”,”allowUserGeneratedContent”:false,”byline”:”Mark Sweney”,”authorIds”:”profile/marksweney”,”webPublicationDate”:1632760291000,”omnitureAmpAccount”:”guardiangu-thirdpartyapps”,”isHosted”:false,”hasPageSkin”:false,”webTitle”:”Rolls-Royce sells Spanish unit for €1.7bn as it repairs finances”,”discussionD2Uid”:”zHoBy6HNKsk”,”weatherapiurl”:”/weatherapi/city”,”googleSearchUrl”:”//www.google.co.uk/cse/cse.js”,”optimizeEpicUrl”:”https://support.theguardian.com/epic/control/index.html”,”isSplash”:false,”isNumberedList”:false,”dcrCouldRender”:true},”libs”:{“googletag”:”//securepubads.g.doubleclick.net/tag/js/gpt.js”},”switches”:{“anniversaryHeaderSvg”:true,”prebidAppnexusUkRow”:true,”commercialMetrics”:true,”prebidTrustx”:true,”scAdFreeBanner”:false,”prebidPermutiveAudience”:true,”compareVariantDecision”:false,”enableSentryReporting”:true,”lazyLoadContainers”:true,”adFreeStrictExpiryEnforcement”:false,”liveblogRendering”:true,”remarketing”:true,”registerWithPhone”:false,”targeting”:true,”remoteHeader”:true,”extendedMostPopularFronts”:true,”slotBodyEnd”:true,”prebidImproveDigitalSkins”:true,”emailInlineInFooter”:true,”adomik”:true,”facebookTrackingPixel”:true,”iasAdTargeting”:true,”extendedMostPopular”:true,”prebidAnalytics”:true,”puzzlesBanner”:true,”imrWorldwide”:true,”acast”:true,”twitterUwt”:true,”interactiveLibrarian”:true,”prebidAppnexusInvcode”:true,”a9HeaderBidding”:true,”prebidAppnexus”:true,”enableDiscussionSwitch”:true,”standaloneCommercialBundle”:true,”prebidXaxis”:true,”interactiveFullHeaderSwitch”:true,”discussionAllPageSize”:true,”prebidUserSync”:true,”audioOnwardJourneySwitch”:true,”mobileStickyPrebid”:true,”externalVideoEmbeds”:true,”simpleReach”:true,”abRefreshConfiantBlockedAds”:true,”carrotTrafficDriver”:true,”sentinelLogger”:true,”geoMostPopular”:true,”weAreHiring”:true,”relatedContent”:true,”thirdPartyEmbedTracking”:true,”removeStickyNav”:true,”prebidOzone”:true,”prebidAdYouLike”:true,”mostViewedFronts”:true,”abSignInGateMainControl”:true,”ampPrebid”:true,”googleSearch”:true,”brazeSwitch”:true,”consentManagement”:true,”commercial”:true,”redplanetForAus”:true,”prebidSonobi”:true,”idProfileNavigation”:true,”confiantAdVerification”:true,”discussionAllowAnonymousRecommendsSwitch”:false,”scrollDepth”:true,”permutive”:true,”comscore”:true,”standaloneCommercialBundleTracking”:true,”webFonts”:true,”prebidImproveDigital”:true,”ophan”:true,”crosswordSvgThumbnails”:true,”prebidTriplelift”:true,”weather”:true,”commercialOutbrainNewids”:true,”abSignInGateMainVariant”:true,”abAdblockAsk”:true,”prebidPubmatic”:true,”serverShareCounts”:false,”autoRefresh”:true,”enhanceTweets”:true,”prebidIndexExchange”:true,”prebidOpenx”:true,”prebidHeaderBidding”:true,”idCookieRefresh”:true,”sharingComments”:true,”discussionPageSize”:true,”smartAppBanner”:false,”boostGaUserTimingFidelity”:false,”historyTags”:true,”mobileStickyLeaderboard”:true,”surveys”:true,”remoteBanner”:true,”inizio”:true},”ophan”:{“pageViewId”:””,”browserId”:””}},”polyfilled”:false,”adBlockers”:{“onDetect”:[]},”modules”:{“sentry”:{}}}; window.guardian.queue = []; // Queue for functions to be fired by polyfill.io callback

Skip to main content Skip to navigation

Rolls-Royce’s finances were hit hard because the company is paid on the basis of the number of hours flown by the aircraft that use its engines.

“Today’s announcement is a significant milestone for our disposal programme as we work to strengthen our balance sheet, in support of our medium-term ambition to return to an investment-grade credit profile,” said Warren East, the chief executive of Rolls-Royce. “The creation of an independent ITP Aero is a great opportunity for the company, its people and other stakeholders. It will remain a key strategic supplier and partner for decades to come.”

The sale and contract cap a strong month for Rolls-Royce, whose share price has risen along with other aviation stocks after the UK government simplified international travel rules and scrapped Covid PCR tests for fully vaccinated travellers.

The company’s shares rose 10.5%, making Rolls-Royce the top riser on the FTSE 100 on Monday afternoon.

“The lift-off of Rolls-Royce shares following the relaxation of transatlantic travel rules was given added thrust today with news of a big contract with the US air force,” said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown. “Rolls-Royce engines will power the USAF B-52s for the next 30 years, and the clinching of this deal, which could be worth up to $2.6bn, is yet another ray of sunlight for the engineering firm, which finally seems to be leaving the pandemic storm clouds behind.”

ITP Aero, a maker of turbine blades based in the Basque region of Spain, reported revenues of €735m and profits of €40m last year. The business was the biggest asset that Rolls-Royce identified for sale in a recovery plan announced last August. Smaller assets that have been offloaded include a stake in Air Tanker Holdings, its Bergen Engines unit in Norway, and a civil nuclear instrumentation and control business.

“Today’s announcement effectively marks the end of the disposal programme,” a spokesman for Rolls-Royce said. “We continually evaluate non-core assets in the portfolio and will always focus on maximising shareholder value.”

The Bain-led consortium also includes Sapa and JB Capital.

“All of us at ITP Aero are eager to start the next chapter of our story as an independent company with a strong strategic plan and financial support behind us,” said Carlos Alzola, the chief executive of ITP Aero.

“,”_type”:”model.dotcomrendering.pageElements.ChartAtomBlockElement”,”elementId”:”e4930dd8-0f0c-4399-84cd-71af272de70d”}]},”site”:”frontend”,”page”:”Article”,”NAV”:{“currentNavLink”:”Business”,”subNavSections”:{“parent”:{“title”:”Business”,”longTitle”:”Business”,”url”:”/business”,”children”:[{“title”:”Economics”,”longTitle”:”Economics”,”url”:”/business/economics”,”children”:[],”mobileOnly”:false},{“title”:”Sustainable business”,”longTitle”:”Sustainable business”,”url”:”/us/sustainable-business”,”children”:[],”mobileOnly”:false},{“title”:”Diversity & equality in business”,”longTitle”:”Diversity & equality in business”,”url”:”/business/diversity-and-equality”,”children”:[],”mobileOnly”:false},{“title”:”Small business”,”longTitle”:”Small business”,”url”:”/business/us-small-business”,”children”:[],”mobileOnly”:false},{“title”:”Retail”,”longTitle”:”Retail”,”url”:”/business/retail”,”children”:[],”mobileOnly”:false}],”mobileOnly”:false},”links”:[{“title”:”Economics”,”longTitle”:”Economics”,”url”:”/business/economics”,”children”:[],”mobileOnly”:false},{“title”:”Sustainable business”,”longTitle”:”Sustainable business”,”url”:”/us/sustainable-business”,”children”:[],”mobileOnly”:false},{“title”:”Diversity & equality in business”,”longTitle”:”Diversity & equality in business”,”url”:”/business/diversity-and-equality”,”children”:[],”mobileOnly”:false},{“title”:”Small business”,”longTitle”:”Small business”,”url”:”/business/us-small-business”,”children”:[],”mobileOnly”:false},{“title”:”Retail”,”longTitle”:”Retail”,”url”:”/business/retail”,”children”:[],”mobileOnly”:false}]}},”GA”:{“webTitle”:”Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover”,”pillar”:”news”,”section”:”business”,”contentType”:”article”,”commissioningDesks”:”ukbusiness”,”contentId”:”business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”authorIds”:”profile/marksweney”,”keywordIds”:”business/meggitt,business/manufacturing-sector,business/business,uk/uk,us-news/us-news”,”toneIds”:”tone/news”,”seriesId”:””,”isHosted”:”false”,”edition”:”us”,”beaconUrl”:”//phar.gu-web.net”},”linkedData”:[{“@type”:”NewsArticle”,”@context”:”https://schema.org”,”@id”:”https://amp.theguardian.com/business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”publisher”:{“@type”:”Organization”,”@context”:”https://schema.org”,”@id”:”https://www.theguardian.com#publisher”,”name”:”The Guardian”,”url”:”https://www.theguardian.com/”,”logo”:{“@type”:”ImageObject”,”url”:”https://uploads.guim.co.uk/2018/01/31/TheGuardian_AMP.png”,”width”:190,”height”:60},”sameAs”:[“https://www.facebook.com/theguardian”,”https://twitter.com/guardian”,”https://www.youtube.com/user/TheGuardian”]},”isAccessibleForFree”:true,”isPartOf”:{“@type”:[“CreativeWork”,”Product”],”name”:”The Guardian”,”productID”:”theguardian.com:basic”},”image”:[“https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=97f0b61b72770fe5bcca1166b9e34ec9″,”https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1200&height=1200&quality=85&auto=format&fit=crop&s=c6b827feaa9bd24763bc67cdac1cdcdd”,”https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1200&height=900&quality=85&auto=format&fit=crop&s=3e382a496e3b800d02f7feb16fa9c30a”,”https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1200&quality=85&auto=format&fit=max&s=7c11961fc1bc3166b8be9b6700db0502″],”author”:[{“@type”:”Person”,”name”:”Mark Sweney”,”sameAs”:”https://www.theguardian.com/profile/marksweney”}],”datePublished”:”2021-08-02T12:16:58.000Z”,”headline”:”Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover”,”dateModified”:”2021-08-02T16:48:52.000Z”,”mainEntityOfPage”:”https://www.theguardian.com/business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”},{“@type”:”WebPage”,”@context”:”https://schema.org”,”@id”:”https://www.theguardian.com/business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”potentialAction”:{“@type”:”ViewAction”,”target”:”android-app://com.guardian/https/www.theguardian.com/business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”}}]}},”config”:{“isDotcomRendering”:true,”stage”:”PROD”,”frontendAssetsFullURL”:”https://assets.guim.co.uk/”,”page”:{“avatarApiUrl”:”https://avatar.theguardian.com”,”references”:[{“reuters-stock-ric”:”MGGT.L”},{“rich-link”:”https://www.theguardian.com/info/2015/dec/08/daily-email-uk”}],”isProd”:true,”shortUrlId”:”/p/tbq6g”,”switches”:{“anniversaryHeaderSvg”:true,”prebidAppnexusUkRow”:true,”commercialMetrics”:true,”topAboveNavHeight250″:true,”prebidTrustx”:true,”scAdFreeBanner”:false,”prebidPermutiveAudience”:true,”compareVariantDecision”:false,”enableSentryReporting”:true,”lazyLoadContainers”:true,”adFreeStrictExpiryEnforcement”:false,”liveblogRendering”:true,”remarketing”:true,”registerWithPhone”:false,”targeting”:true,”remoteHeader”:true,”extendedMostPopularFronts”:true,”slotBodyEnd”:true,”emailInlineInFooter”:true,”adomik”:true,”facebookTrackingPixel”:true,”iasAdTargeting”:true,”extendedMostPopular”:true,”prebidAnalytics”:true,”puzzlesBanner”:true,”imrWorldwide”:true,”acast”:true,”twitterUwt”:true,”interactiveLibrarian”:true,”prebidAppnexusInvcode”:true,”a9HeaderBidding”:true,”prebidAppnexus”:true,”enableDiscussionSwitch”:true,”prebidXaxis”:true,”interactiveFullHeaderSwitch”:true,”discussionAllPageSize”:true,”prebidUserSync”:true,”audioOnwardJourneySwitch”:true,”mobileStickyPrebid”:true,”externalVideoEmbeds”:true,”abCommercialPartner”:true,”simpleReach”:true,”carrotTrafficDriver”:true,”sentinelLogger”:true,”geoMostPopular”:true,”weAreHiring”:true,”relatedContent”:true,”thirdPartyEmbedTracking”:true,”prebidOzone”:true,”prebidAdYouLike”:true,”mostViewedFronts”:true,”abSignInGateMainControl”:true,”ampPrebid”:true,”googleSearch”:true,”brazeSwitch”:true,”consentManagement”:true,”commercial”:true,”redplanetForAus”:true,”prebidSonobi”:true,”idProfileNavigation”:true,”confiantAdVerification”:true,”discussionAllowAnonymousRecommendsSwitch”:false,”scrollDepth”:true,”permutive”:true,”comscore”:true,”topAboveNavHeight200″:true,”webFonts”:true,”prebidImproveDigital”:true,”ophan”:true,”topAboveNavHeight150″:true,”crosswordSvgThumbnails”:true,”prebidTriplelift”:true,”weather”:true,”commercialOutbrainNewids”:true,”abSignInGateMainVariant”:true,”abAdblockAsk”:true,”prebidPubmatic”:true,”serverShareCounts”:false,”autoRefresh”:true,”enhanceTweets”:true,”prebidIndexExchange”:true,”prebidOpenx”:true,”prebidHeaderBidding”:true,”idCookieRefresh”:true,”sharingComments”:true,”abImproveSkins”:true,”discussionPageSize”:true,”smartAppBanner”:false,”boostGaUserTimingFidelity”:false,”historyTags”:true,”mobileStickyLeaderboard”:true,”surveys”:true,”remoteBanner”:true,”inizio”:true},”hasYouTubeAtom”:false,”inBodyInternalLinkCount”:3,”atomTypes”:{“guide”:false,”audio”:false,”explainer”:false,”profile”:false,”chart”:true,”timeline”:false,”qanda”:false,”commonsdivision”:false},”keywordIds”:”business/meggitt,business/manufacturing-sector,business/business,uk/uk,us-news/us-news”,”blogIds”:””,”sharedAdTargeting”:{“ct”:”article”,”co”:[“marksweney”],”url”:”/business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”su”:[“0″],”edition”:”us”,”tn”:[“news”],”p”:”ng”,”k”:[“business”,”uk/uk”,”manufacturing-sector”,”meggitt”,”us-news”],”sh”:”https://www.theguardian.com/p/tbq6g”},”beaconUrl”:”//phar.gu-web.net”,”campaigns”:[],”calloutsUrl”:”https://callouts.code.dev-guardianapis.com/formstack-campaign/submit”,”requiresMembershipAccess”:false,”hasMultipleVideosInPage”:false,”onwardWebSocket”:”ws://api.nextgen.guardianapps.co.uk/recently-published”,”a9PublisherId”:”3722″,”pbIndexSites”:[{“bp”:”D”,”id”:208278},{“bp”:”M”,”id”:213548},{“bp”:”T”,”id”:215483}],”toneIds”:”tone/news”,”dcrSentryDsn”:”https://1937ab71c8804b2b8438178dfdd6468f@sentry.io/1377847″,”idWebAppUrl”:”https://oauth.theguardian.com”,”discussionApiUrl”:”https://discussion.theguardian.com/discussion-api”,”sentryPublicApiKey”:”344003a8d11c41d8800fbad8383fdc50″,”omnitureAccount”:”guardiangu-network”,”contributorBio”:””,”pageCode”:”9801583″,”pillar”:”News”,”commercialBundleUrl”:”https://assets.guim.co.uk/javascripts/3b9da6ed9f282d64ae6a/graun.commercial.dcr.js”,”discussionApiClientHeader”:”nextgen”,”membershipUrl”:”https://membership.theguardian.com”,”cardStyle”:”news”,”shouldHideReaderRevenue”:false,”sentryHost”:”app.getsentry.com/35463″,”shouldHideAdverts”:false,”membershipAccess”:””,”isPreview”:false,”googletagJsUrl”:”//securepubads.g.doubleclick.net/tag/js/gpt.js”,”supportUrl”:”https://support.theguardian.com”,”hasShowcaseMainElement”:false,”isColumn”:false,”isPaidContent”:false,”sectionName”:”Business”,”mobileAppsAdUnitRoot”:”beta-guardian-app”,”dfpAdUnitRoot”:”theguardian.com”,”headline”:”Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover”,”commentable”:false,”idApiUrl”:”https://idapi.theguardian.com”,”showRelatedContent”:true,”commissioningDesks”:”uk-business”,”inBodyExternalLinkCount”:0,”adUnit”:”/59666047/theguardian.com/business/article/ng”,”stripePublicToken”:”pk_live_2O6zPMHXNs2AGea4bAmq5R7Z”,”videoDuration”:0,”stage”:”PROD”,”idOAuthUrl”:”https://oauth.theguardian.com”,”isSensitive”:false,”isDev”:false,”thirdPartyAppsAccount”:”guardiangu-thirdpartyapps”,”richLink”:”/info/2015/dec/08/daily-email-uk”,”avatarImagesUrl”:”https://avatar.guim.co.uk”,”trackingNames”:”UK Business”,”fbAppId”:”180444840287″,”externalEmbedHost”:”https://embed.theguardian.com”,”ajaxUrl”:”https://api.nextgen.guardianapps.co.uk”,”keywords”:”Meggitt,Manufacturing sector,Business,UK news,US news”,”revisionNumber”:”DEV”,”blogs”:””,”section”:”business”,”hasInlineMerchandise”:false,”locationapiurl”:”/weatherapi/locations?query=”,”buildNumber”:”39468″,”isPhotoEssay”:false,”ampIframeUrl”:”https://assets.guim.co.uk/data/vendor/8aef390c60b12c2d4425870583ed8245/amp-iframe.html”,”userAttributesApiUrl”:”https://members-data-api.theguardian.com/user-attributes”,”isLive”:false,”publication”:”The Guardian”,”host”:”https://www.theguardian.com”,”brazeApiKey”:”7f28c639-8bda-48ff-a3f6-24345abfc07c”,”contentType”:”Article”,”facebookIaAdUnitRoot”:”facebook-instant-articles”,”ophanEmbedJsUrl”:”//j.ophan.co.uk/ophan.embed”,”idUrl”:”https://profile.theguardian.com”,”thumbnail”:”https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/500.jpg?quality=85&auto=format&fit=max&s=6888e0fdb885d66b8801774c6cb96992″,”isFront”:false,”wordCount”:924,”author”:”Mark Sweney”,”dfpAccountId”:”59666047″,”nonKeywordTagIds”:”type/article,tone/news,profile/marksweney,publication/theguardian,theguardian/mainsection,theguardian/mainsection/financial3,tracking/commissioningdesk/uk-business”,”pageId”:”business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”forecastsapiurl”:”/weatherapi/forecast”,”assetsPath”:”https://assets.guim.co.uk/”,”lightboxImages”:{“id”:”business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”headline”:”Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover”,”shouldHideAdverts”:false,”standfirst”:”

Engineering firm, which operates in aerospace and energy markets, backs deal with Parker Hannifin

“,”images”:[{“caption”:”Meggitt supplies components for US F-35 Lightning II fighter jets.”,”credit”:”Photograph: US Marines/Reuters”,”displayCredit”:true,”src”:”https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=700&quality=85&auto=format&fit=max&s=ee69cee005e6b8f0dfad114e63140b57″,”srcsets”:”https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1920&quality=85&auto=format&fit=max&s=969800b1b70e30c91e44d9082c148352 1920w, https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1225&quality=85&auto=format&fit=max&s=ca2cbdcecf519c209a94636ffc27c016 1225w, https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=1065&quality=85&auto=format&fit=max&s=14d4934d83aada39c91fba41d5bd41d0 1065w, https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=965&quality=85&auto=format&fit=max&s=31c8ff009945df69f1e54e7b56594d6a 965w, https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=725&quality=85&auto=format&fit=max&s=1b36c2332c1c1d128a43a8914b425e13 725w, https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=645&quality=85&auto=format&fit=max&s=551420123790dce252fc363bb5d06d98 645w, https://i.guim.co.uk/img/media/afe9758752b4d3b192741c97d8ada4af16bf0b0d/113_0_3281_1969/master/3281.jpg?width=465&quality=85&auto=format&fit=max&s=f79a33274a058590e7ebf6b6cf225523 465w”,”sizes”:”(min-width: 1300px) 1920px, (min-width: 1140px) 1225px, (min-width: 980px) 1065px, (min-width: 740px) 965px, (min-width: 660px) 725px, (min-width: 480px) 645px, 465px”,”ratio”:1.6663280853224987,”role”:”None”,”parentContentId”:”business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”id”:”business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”}]},”isImmersive”:false,”dfpHost”:”pubads.g.doubleclick.net”,”googletagUrl”:”//securepubads.g.doubleclick.net/tag/js/gpt.js”,”mmaUrl”:”https://manage.theguardian.com”,”abTests”:{},”shortUrl”:”https://www.theguardian.com/p/tbq6g”,”isContent”:true,”contentId”:”business/2021/aug/02/uk-meggitt-takeover-us-rival-parker-hannifin”,”edition”:”US”,”discussionFrontendUrl”:”https://assets.guim.co.uk/discussion/discussion-frontend.preact.iife.8bdbd9194e.js”,”ipsosTag”:”business”,”ophanJsUrl”:”//j.ophan.co.uk/ophan.ng”,”atoms”:[“dea28564-2d07-49d0-92f0-a910481682ff”],”productionOffice”:”Uk”,”dfpNonRefreshableLineItemIds”:[68842407,70516407,70931847,71342607,72502287,72503607,73773207,73829127,74480367,74823567,74824167,75586767,75588207,76352007,76437927,76443087,76443567,76603287,77324247,77504847,77546367,77561007,77590287,77622207,77747367,78316047,78455967,78470967,78507807,78713607,79009167,79094487,80502447,80568087,80568207,80568327,80568447,80569047,81002967,82211367,82339767,82879287,82881807,83178927,85253487,85558287,85961247,86814567,87004887,87191607,87726207,87852807,87878367,88153527,88333647,88420407,88526727,88621527,88861167,89035647,89035887,89036607,89084607,89084967,89141967,89356167,89743047,89793087,90159687,90323007,90359967,90935367,91095807,91118247,91732647,91985967,92216007,92355087,92436807,92506887,92681487,92948847,93121767,93550767,93717567,93784887,93785607,93930207,94193007,94674927,94822527,95840847,95931207,96296367,97980687,98151207,98165247,98610447,98671647,98893047,101192247,101476527,101684007,101999127,102061647,102066567,102344847,102790767,102792207,102892767,102894687,102895167,102895647,103062327,104218407,106736607,107115927,107235087,107509047,107955087,108799287,108893967,109638687,109648167,109761807,109831287,111055527,111057567,112799127,112882647,112888527,112950567,113374647,113880927,114906327,115133247,116149647,117980727,118236687,118631847,118934247,119632887,119737767,121592967,122583687,123487167,123873927,123978567,123996567,123996927,123997527,124001247,125878047,126003687,126004167,130630407,130630647,130686687,130686807,130693287,130777407,130840767,131115447,131135007,131652687,132065367,132325287,132348327,132758367,133502127,133852047,133854327,133989327,134130087,134567967,134876607,134979567,135278007,135292767,135353727,135773007,135776847,135826887,135841887,135850407,136120767,136236207,136278807,136455207,136550247,137025927,137200287,137382567,140711127,141827967,142466367,142883847,143109567,144237927,146321007,146324607,146326287,146339727,146355567,147500367,147801807,148446687,148454487,152119407,153546927,154108047,154108167,154112007,154112367,154113087,154113207,154114887,154125567,154126407,154290807,154290927,154291287,154291407,154291527,154291887,154295007,154295967,154297527,154303287,154303527,154332087,154386087,154387407,154391247,154391967,154392927,154394847,154540527,154544247,154693287,154793967,154794087,155010327,155010447,160437567,163112127,163372647,165575127,4345086236,4345095356,4345169885,4345177565,4345182855,4345186250,4349172433,4360612711,4360793649,4371265570,4371369115,4393832120,4400994377,4428613611,4443205897,4451525654,4480779579,4498662865,4508670694,4512645730,4516698376,4517304218,4517378559,4517379732,4517380203,4539078702,4548855586,4549107258,4552894255,4555165414,4555183615,4555236856,4555635725,4555650690,4555674903,4555684517,4555688577,4556153989,4556285026,4556324359,4556326294,4556648082,4556678787,4557241378,4557634755,4557708173,4557762374,4557783054,4557975570,4558001894,4558957661,4559094602,4559618101,4560130208,4579011086,4579746196,4584262791,4586005424,4586012639,4598413679,4608554346,4612781170,4613725167,4652061785,4659761500,4671027724,4671116147,4680579583,4680686606,4684616813,4688643082,4689828177,4698081076,4698085906,4698483837,4698485673,4698836785,4700389583,4702727917,4705009339,4706776058,4715712191,4719669541,4739368280,4741268540,4741269263,4752748306,4770577846,4784698455,4794336160,4795460127,4813434715,4814193728,4816151238,4818099525,4843101319,4843259745,4843534303,4843660002,4851611473,4900192015,4913598643,4950965688,4953561994,4956216414,4956359904,4957449531,4957639563,4961380948,4963865755,4972816526,4974150367,4974378154,4974421332,4974425718,4974440616,4974909599,4974917942,4979472123,4979611347,4986877832,4986883844,4988662283,4995359684,4995363299,4995664790,5000134545,5000531182,5000790614,5004234716,5008428214,5008745198,5014861653,5015013326,5017538127,5017618519,5017627117,5017870049,5017880045,5017883228,5017885847,5018142683,5022785722,5025139359,5030227901,5031882476,5033068546,5033399504,5043072122,5048369906,5048446713,5048474394,5048578765,5048623579,5048855939,5048896271,5050809297,5051271119,5051862705,5052565344,5058276148,5058861737,5060861401,5080503991,5084422705,5084769575,5086430628,5089439429,5094408955,5095477169,5100382690,5106137416,5106578097,5108771973,5108801259,5108834289,5109414149,5109477985,5112760220,5114958382,5115460784,5119369095,5119589887,5119608376,5119622833,5120038706,5122977293,5124775878,5133611676,5133616221,5135185825,5135800503,5135919817,5136222120,5138121327,5138315476,5138858096,5139829373,5140474550,5146213631,5154348200,5154699509,5168480847,5168728930,5168743192,5168757037,5168769787,5168772901,5168778655,5168970951,5169221645,5169233267,5169331108,5169776357,5170070115,5174441005,5176804734,5179364348,5182269069,5189431118,5189548223,5189828618,5191810924,5192098697,5193340753,5194618937,5198567242,5199544925,5199894385,5202346462,5202735047,5203815492,5214574966,5221774258,5235889561,5237536072,5240124892,5240125189,5246856420,5247376316,5255393980,5266175458,5266307404,5277318463,5277410634,5278753376,5281772778,5287997419,5288243957,5292326384,5294756358,5295990867,5296142792,5298193115,5301069538,5307038116,5308699342,5308761803,5310716113,5311015892,5311315855,5313231081,5314388147,5317639803,5317639806,5317639815,5317639824,5317639827,5317642026,5317642029,5317642032,5317642035,5317642038,5317642041,5317642044,5317642047,5317642050,5317642215,5317642218,5317642221,5317642224,5317642227,5317642230,5317642233,5317642236,5317642239,5317642287,5317642293,5317642296,5317642299,5317642302,5317642305,5317642308,5317642311,5317642314,5317642500,5317642506,5317642509,5317643991,5317643994,5317643997,5317646859,5317646862,5317646865,5317646868,5317646871,5317646874,5317647027,5317647030,5317647033,5317647036,5317647039,5317647042,5317647078,5317647081,5317647084,5317647087,5317647090,5317647093,5317647117,5317647240,5317647243,5317648032,5317648035,5317648038,5317648065,5317648068,5317648074,5317648077,5317648212,5317648215,5317648218,5317648230,5317649196,5317649199,5317649202,5317650693,5317650696,5317650699,5317650702,5317650705,5317650708,5317650711,5317650714,5317650717,5317650888,5317650891,5317650894,5317650897,5317650900,5317650903,5317650906,5317650909,5317650945,5317650948,5317650951,5317650954,5317650957,5317651080,5317651083,5317651086,5317651089,5317651110,5317651113,5317651116,5317651119,5317828458,5317828461,5317828464,5317841238,5317841241,5317841244,5317841247,5317841277,5317841400,5317841403,5317841406,5317841409,5317841412,5317841436,5317841439,5317841442,5317841445,5317841448,5317841721,5317841727,5317841730,5317841733,5317841736,5317841739,5317841742,5317841745,5317841748,5317841901,5317841904,5317841907,5317841910,5317841913,5317841916,5317841919,5317841922,5317841925,5317841958,5317841961,5317841964,5317841967,5317841970,5317841973,5317841976,5317841997,5317842120,5317842690,5317842693,5317842696,5317842699,5317842702,5317842705,5317842708,5317842849,5317842852,5317842855,5317842858,5317842861,5317842864,5317842867,5317842909,5317842912,5317842915,5317842918,5317843080,5317843083,5317843086,5317843089,5317843092,5317843110,5317843113,5317843116,5317843119,5317843137,5317843140,5317843143,5317843146,5317843149,5317843155,5317844526,5317844529,5317844544,5317844547,5317844556,5317844559,5317845060,5317845063,5317845066,5317845069,5317845072,5317845075,5317845078,5317845081,5317845084,5317845087,5317845090,5317845093,5317845096,5317845270,5317845273,5317845276,5317845279,5317845282,5317845285,5317845288,5317845291,5317845294,5317845297,5317845300,5317845303,5317845306,5317845324,5317845327,5317845330,5317875310,5317962891,5318531695,5318531698,5318531701,5318531704,5318531707,5318531710,5318531713,5318531716,5318531719,5318531722,5318531896,5318531899,5318531902,5318531905,5318531908,5318531911,5318531914,5318531917,5318531956,5318531959,5318531962,5318531965,5318531968,5318531971,5318531974,5318531977,5318531980,5318532124,5318532127,5318532130,5318532883,5318532886,5318532898,5318532901,5318532913,5318532916,5318535796,5318535799,5318535802,5318535805,5318535808,5318535811,5318535814,5318535817,5318535982,5318535985,5318535988,5318535991,5318535994,5318535997,5318536000,5318536003,5318536057,5318536060,5318536063,5318536078,5318537953,5318537956,5318537959,5318537962,5318537965,5318537968,5318538121,5318538124,5318538127,5318538130,5318538133,5318538136,5318538172,5318538175,5318538178,5318538181,5318538184,5318538208,5318538610,5318538613,5318538616,5318538622,5318538625,5318538628,5318538631,5318538634,5318538670,5318538673,5318538676,5318538679,5318538682,5318538685,5318538688,5318538691,5318538694,5318538841,5318538844,5318538847,5318540599,5318540602,5318540605,5318540608,5318540611,5318540614,5318540617,5318540620,5318540776,5318540779,5318540782,5318540785,5318540788,5318540791,5318540794,5318540797,5318540839,5318540842,5318540845,5318540848,5318540851,5318540854,5318540857,5318540860,5318541097,5318541100,5318541103,5318541106,5318541109,5318541112,5318541115,5318541118,5318541241,5318541280,5318541283,5318541289,5318541292,5318541295,5318541298,5318541301,5318541304,5318541349,5318541352,5318541355,5318541358,5318541481,5318541484,5318541487,5318541490,5318541493,5318541517,5318541520,5318541523,5318541778,5318541781,5318541784,5318541799,5318541802,5318541805,5318541808,5318541823,5318541826,5318541835,5318543272,5318543275,5318731807,5318731810,5318739007,5318739010,5318739013,5318739016,5318739019,5318739022,5318739055,5318739058,5318739061,5318739064,5318739067,5318739070,5318739094,5318739097,5318739100,5318739103,5318739106,5318739109,5318739112,5318739250,5318741269,5318741272,5318741275,5318741278,5318741401,5318741425,5318741428,5318741431,5318741434,5318741437,5318741473,5318741476,5318741479,5318741482,5318741485,5318741488,5318741491,5318741494,5318741503,5318742385,5318742388,5318742391,5318742394,5318742397,5318742400,5318742403,5318742406,5318742451,5318742454,5318742457,5318742460,5318742463,5318742466,5318743129,5318743132,5318743135,5318743138,5318743141,5318743162,5318743165,5318743168,5318743192,5318743195,5318743198,5318743321,5318743324,5318743327,5318743339,5318743426,5318743429,5318743432,5318743435,5318743438,5318743561,5318743564,5318743567,5318743603,5318743606,5318743609,5318743612,5318743615,5318743618,5318743621,5318743624,5318743627,5318743630,5318743648,5318743651,5318744077,5318744080,5318744083,5318744086,5318744116,5318744119,5318744122,5318744125,5318744128,5318744155,5318744158,5318744281,5318744284,5318744287,5318744293,5318864639,5318864762,5318864765,5318864768,5318864771,5318864774,5318864777,5318864780,5318864816,5318864819,5318864822,5318864825,5318864828,5318864831,5318864834,5318864837,5318864840,5318864843,5318864846,5318865008,5318865011,5318865014,5318865017,5318865020,5318865023,5318865026,5318865029,5318865032,5318865050,5318865053,5318865056,5318865059,5318866262,5318866265,5318866268,5318866271,5318866274,5318866277,5318866280,5318866283,5318866286,5318866451,5318866454,5318866457,5318866460,5318866463,5318866466,5318866469,5318866472,5318866475,5318866529,5318866532,5318867009,5318867012,5318867018,5318867039,5318867162,5318867165,5318867186,5318867189,5318867192,5318867195,5318867198,5318867201,5318867204,5318867207,5318867210,5318867213,5318867270,5318867279,5318867405,5318867411,5318868881,5318868884,5318868887,5318868890,5318868896,5318868899,5318868902,5318868905,5318868908,5318869082,5318869085,5318869088,5318869091,5318869094,5318869097,5318869100,5318869103,5318869106,5318869163,5318869166,5318869169,5318869172,5318869175,5318869178,5318869181,5318869184,5318869325,5318869328,5318869331,5318869334,5318869337,5318869340,5318869370,5318869373,5318869376,5318871548,5318871551,5318871554,5318871557,5318871560,5318871563,5318871566,5318871569,5318873177,5318873180,5318873183,5318873186,5318873189,5318873192,5318873195,5318873198,5318873234,5318873237,5318873240,5318873243,5318873246,5318873249,5318873252,5318873255,5318873420,5318873423,5318873426,5318873429,5318873432,5318873435,5318873441,5318873444,5318873447,5318926492,5319064274,5319064277,5319068810,5319068813,5319068816,5319068819,5319068822,5319068825,5319068828,5319068855,5319068858,5319068861,5319068864,5319068867,5319068870,5319069017,5319069020,5319069023,5319069026,5319069029,5319069047,5319069050,5319069248,5319069251,5319069254,5319069257,5319069260,5319069263,5319069266,5319069299,5319069302,5319069305,5319069308,5319069311,5319069314,5319069317,5319069320,5319069356,5319069359,5319069482,5319069485,5319069488,5319069491,5319069494,5319069497,5319069521,5319071465,5319071468,5319071483,5319072671,5319072674,5319072677,5319072710,5319072713,5319072716,5319072719,5319072842,5319072845,5319072848,5319072866,5319073331,5319073334,5319073337,5319073340,5319073346,5319073349,5319074633,5319074636,5319074639,5319074762,5319074765,5319074768,5319074771,5319074774,5319074777,5319074780,5319074783,5319074846,5319074849,5319074852,5319074855,5319074876,5319074879,5319075014,5319075017,5319075020,5319075023,5319075029,5319076067,5319076070,5319076073,5319076076,5319076079,5319076202,5319076205,5319076208,5319076211,5319076214,5319076217,5319076220,5319076223,5319076226,5324801169,5330307720,5330401363,5338315860,5339353594,5340782318,5341957914,5342605889,5344079902,5344710145,5345043263,5345055992,5345151767,5352937640,5353508550,5354239380,5356142370,5357314970,5357322221,5358515412,5358530526,5359317792,5359326660,5359665347,5360464781,5368613457,5370206536,5370867504,5372009946,5372952707,5381567907,5381932514,5387477683,5389110394,5389507817,5394024873,5395089503,5395094296,5395167785,5398639115,5402290248,5414399009,5418142465,5423511818,5423958631,5424105011,5424316299,5426052636,5428101561,5428238577,5437125968,5441046622,5441386781,5443815241,5445787189,5452334545,5452537381,5454590081,5457737962,5459157095,5461672778,5465040945,5466211677,5466214734,5466811412,5466996369,5466996373,5466996946,5469112465,5469250311,5471332305,5472367436,5473663887,5478754708,5479129658,5479433266,5483205317,5492374239,5498289762,5501407883,5507589986,5509683030,5514880750,5516211966,5516342298,5516696296,5519048334,5519829553,5523426655,5528615963,5532729331,5536818852,5537333007,5538360938,5539423093,5543293170,5545361453,5545851295,5554381329,5557362147,5558515143,5558515644,5558518443,5558523552,5558527566,5558529060,5558531448,5558533656,5558534115,5558536716,5558537001,5558758006,5559666853,5559668044,5559671971,5559672454,5559673918,5559683413,5559690655,5559691654,5559692575,5559692578,5559692581,5559692584,5559795497,5559795962,5559796472,5559799676,5559802297,5559805343,5559814544,5559815492,5559815495,5559817130,5563851720,5564201933,5570403307,5584069572,5585724471,5588312812,5598121671,5599430842,5600807700,5600944001,5601302339,5608553753,5610406314,5617153347,5617357126,5619527905,5620070327,5624650559,5625971457,5626445497,5630498106,5630926258,5631069021,5631955125,5633479388,5633620717,5634480439,5634854126,5635126238,5635356428,5636227163,5636871103,5637020583,5638735089,5640014157,5640142799,5642322406,5642888630,5642896490,5644742529,5650815089,5650830410,5651300082,5651306766,5651538186,5651656736,5652284594,5652284603,5652385194,5652981023,5654702355,5655162862,5655846188,5656329770,5656438755,5657919278,5659056215,5659225166,5666863801,5668659282,5668660032,5668660230,5668749969,5668777390,5669427974,5669559967,5669560045,5670235187,5670235373,5670235577,5672045494,5672234072,5672383663,5677155294,5677336975,5677342767,5678271319,5678928204,5678958124,5678959891,5680037710,5680039576,5680077826,5680723343,5681320253,5681484409,5681998785,5683658595,5683722924,5683724046,5683724283,5684669665,5684679082,5685220955,5686210481,5688417246,5688821501,5689237158,5689238103,5689238826,5689239324,5689240302,5689244570,5689273094,5689389288,5689394526,5689397454,5690102138,5690215084,5690238166,5690240281,5690420821,5690422309,5690547990,5690548050,5690548701,5690908490,5690908697,5690909261,5690910176,5690910677,5690911160,5691044369,5691062876,5691064031,5691072461,5691073868,5691304212,5691344089,5691344536,5691344539,5691344542,5691344545,5691344548,5691344551,5692140194,5693512461,5693671839,5694212346,5694226236,5694228237,5694231486,5694231828,5694232035,5694235362,5694235917,5694236040,5694236043,5694236046,5694384864,5695155356,5695265185,5695426501,5695512895,5695819193,5695853162,5695854638,5695858295,5695999910,5696593360,5697287676,5698014164,5699384568,5700710305,5700749199,5700750906,5700751875,5701502323,5702051942,5702405210,5702572786,5703572557,5703687324,5704539490,5704654534,5704938434,5705217323,5706531975,5708661777,5713558238,5713592329,5713605961,5714098061,5715012196,5715346293,5715370455,5715628925,5716346797,5716486294,5716518925,5717352618,5718454012,5719237162,5721121335,5721121338,5721720880,5721732234,5721868783,5722259947,5722378280,5723173914,5723377407,5723383839,5724537793,5724541378,5724759974,5724949149,5724949152,5724949155,5724949158,5725191020,5725194164,5726064859,5726064865,5726234352,5726531721,5727119421,5727180882,5727577588,5730898297,5731034824,5731510995,5731614454,5731615102,5731630720,5732104292,5732184431,5732460213,5732541051,5733149934,5733534238,5734205027,5734230647,5734724376,5734727265,5735089155,5737835019,5738248459,5738512270,5738782789,5738981911,5739016017,5739580962,5740140853,5740144699,5740463271,5740839254,5740841186,5740856866,5740922862,5741045473,5742250048,5742260078,5742312614,5742312941,5742480939,5742622936,5742867063,5742893735,5742988529,5742988532,5743041800,5743282001,5743364780,5744131197,5744131320,5744131335,5744131338,5744131344,5744131347,5744253818,5744423275,5744616145,5744699426,5744727567,5744856651,5745256056,5745363249,5745488304,5745618429,5746584938,5746651653,5746693864,5746759861,5746930517,5747418203,5747932762,5748161640,5748161652,5748248064,5748782397,5748877392,5748877438,5749944445,5750044711,5750084321,5750084861,5750627996,5750686049,5750686052,5750686055,5750686058,5750686061,5751078148,5751088255,5751096452,5751126198,5751131463,5751131484,5751131673,5751131718,5751378921,5751537574,5751539188,5751667100,5752338679,5752448041,5752450696,5752864043,5753093927],”tones”:”News”,”plistaPublicApiKey”:”462925f4f131001fd974bebe”,”isLiveBlog”:false,”frontendAssetsFullURL”:”https://assets.guim.co.uk/”,”googleSearchId”:”007466294097402385199:m2ealvuxh1i”,”allowUserGeneratedContent”:false,”byline”:”Mark Sweney”,”authorIds”:”profile/marksweney”,”webPublicationDate”:1627906618000,”omnitureAmpAccount”:”guardiangu-thirdpartyapps”,”isHosted”:false,”hasPageSkin”:false,”webTitle”:”Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover”,”discussionD2Uid”:”zHoBy6HNKsk”,”weatherapiurl”:”/weatherapi/city”,”googleSearchUrl”:”//www.google.co.uk/cse/cse.js”,”optimizeEpicUrl”:”https://support.theguardian.com/epic/control/index.html”,”isSplash”:false,”isNumberedList”:false,”dcrCouldRender”:true},”libs”:{“googletag”:”//securepubads.g.doubleclick.net/tag/js/gpt.js”},”switches”:{“anniversaryHeaderSvg”:true,”prebidAppnexusUkRow”:true,”commercialMetrics”:true,”topAboveNavHeight250″:true,”prebidTrustx”:true,”scAdFreeBanner”:false,”prebidPermutiveAudience”:true,”compareVariantDecision”:false,”enableSentryReporting”:true,”lazyLoadContainers”:true,”adFreeStrictExpiryEnforcement”:false,”liveblogRendering”:true,”remarketing”:true,”registerWithPhone”:false,”targeting”:true,”remoteHeader”:true,”extendedMostPopularFronts”:true,”slotBodyEnd”:true,”emailInlineInFooter”:true,”adomik”:true,”facebookTrackingPixel”:true,”iasAdTargeting”:true,”extendedMostPopular”:true,”prebidAnalytics”:true,”puzzlesBanner”:true,”imrWorldwide”:true,”acast”:true,”twitterUwt”:true,”interactiveLibrarian”:true,”prebidAppnexusInvcode”:true,”a9HeaderBidding”:true,”prebidAppnexus”:true,”enableDiscussionSwitch”:true,”prebidXaxis”:true,”interactiveFullHeaderSwitch”:true,”discussionAllPageSize”:true,”prebidUserSync”:true,”audioOnwardJourneySwitch”:true,”mobileStickyPrebid”:true,”externalVideoEmbeds”:true,”abCommercialPartner”:true,”simpleReach”:true,”carrotTrafficDriver”:true,”sentinelLogger”:true,”geoMostPopular”:true,”weAreHiring”:true,”relatedContent”:true,”thirdPartyEmbedTracking”:true,”prebidOzone”:true,”prebidAdYouLike”:true,”mostViewedFronts”:true,”abSignInGateMainControl”:true,”ampPrebid”:true,”googleSearch”:true,”brazeSwitch”:true,”consentManagement”:true,”commercial”:true,”redplanetForAus”:true,”prebidSonobi”:true,”idProfileNavigation”:true,”confiantAdVerification”:true,”discussionAllowAnonymousRecommendsSwitch”:false,”scrollDepth”:true,”permutive”:true,”comscore”:true,”topAboveNavHeight200″:true,”webFonts”:true,”prebidImproveDigital”:true,”ophan”:true,”topAboveNavHeight150″:true,”crosswordSvgThumbnails”:true,”prebidTriplelift”:true,”weather”:true,”commercialOutbrainNewids”:true,”abSignInGateMainVariant”:true,”abAdblockAsk”:true,”prebidPubmatic”:true,”serverShareCounts”:false,”autoRefresh”:true,”enhanceTweets”:true,”prebidIndexExchange”:true,”prebidOpenx”:true,”prebidHeaderBidding”:true,”idCookieRefresh”:true,”sharingComments”:true,”abImproveSkins”:true,”discussionPageSize”:true,”smartAppBanner”:false,”boostGaUserTimingFidelity”:false,”historyTags”:true,”mobileStickyLeaderboard”:true,”surveys”:true,”remoteBanner”:true,”inizio”:true},”ophan”:{“pageViewId”:””,”browserId”:””}},”polyfilled”:false,”adBlockers”:{“onDetect”:[]},”modules”:{“sentry”:{}}}; window.guardian.queue = []; // Queue for functions to be fired by polyfill.io callback

Skip to main content Skip to navigation

Meggitt after it agreed a £6.3bn takeover deal from US rival Parker Hannifin, in the latest approach for a UK-listed company from an overseas buyer.

The board of Meggitt, the FTSE 250 engineering company that operates in the aerospace, defence and energy markets, has unanimously recommended that shareholders accept the 800p-a-share deal, which the UK government says it is closely monitoring.

The offer is at a 71% premium on Meggitt’s closing share price on Friday. Meggitt’s share price had soared by more than 56% to 735p by mid-afternoon on Monday as investors reacted to the news, helping lift the FTSE 250 index of medium-sized firms to a record closing high.

As part of the deal, Parker, which employs more than 2,100 staff in 18 facilities across the UK, has made a number of legally binding contractual commitments to the government to protect Meggitt’s operations.

These include keeping Meggitt’s UK headquarters in Coventry; maintaining the headcount in its research and development, product engineering and manufacturing operations; ensuring most of the company’s board are UK nationals; and increasing research and development expenditure by a fifth during the next five years. However, Parker will look to cut jobs in areas not protected by the legal guarantees. Tom Williams, the Parker chairman and chief executive, said that a significant number of Meggitt’s approximately 2,000 UK staff would be protected from the cuts.

“Any transaction of this size, or any transaction period, typically has some overlap between the two businesses,” he said. “We are going to evaluate all the talent, all the people … and our intention is to put the best of both companies [together].”

The deal documents highlight areas of overlap between the two businesses “particularly in central corporate and support functions and a reduced need for roles currently supporting Meggitt’s status as a public listed company at Meggitt’s UK headquarters”. The operational review “may result in headcount reductions or relocation of Meggitt employees”, it added.

The acquisition of Meggitt, which is a defence supplier to the UK government and provides components for US F-35 Lightning II fighter jets, will almost double Parker’s aerospace operation.

“We are committed to being a responsible steward of Meggitt and are pleased our acquisition has the full support of Meggitt’s board,” Williams said. “We fully understand these responsibilities and are making a number of strong commitments that reflect them.”

However, all of Parker’s legal commitments are binding for only one year, Williams told reporters, except for the R&D investment pledge, which has a five-year guarantee. Williams said Parker did not intend to renege on guarantees after they expire.

“I see no reason why we would ever move the UK headquarters,” he said. “These are going to be commitments that will be there for a long time. We are a strategic buyer, we are builders. If you were to benchmark this total offer – our binding commitments in addition to our financial offer – I think you would find it stands in a place of its own compared to other transactions.”

He added that the deal was structured in anticipation of the upcoming National Security and Investment Act, which gives the UK government the power to protect important national assets from foreign takeovers.

“We are very conscious of it,” Williams said. “That is why we have framed the binding commitments as we did in such a way that they would be supported by all stakeholders.”

The UK government said it was closely monitoring the deal. “Under the Enterprise Act 2002, the business secretary has powers to intervene in mergers and takeovers which raise national security concerns,” a government spokesperson said, according to Reuters.

“While commercial transactions remain primarily a matter for the parties involved, the government is closely monitoring the proposed acquisition of Meggitt by Parker-Hannifin.”

Last month, the government announced a review of the proposed purchase of Newport Wafer Fab, the UK’s largest producer of semiconductors, by a Chinese-owned manufacturer.

The government is also scrutinising the takeover of the Cambridge-headquartered chip designer Arm by the US chip company Nvidia on national security grounds.

In July, the defence group Ultra Electronics signalled it was “minded to recommend” a provisional £2.6bn takeover offer from the US private equity-backed company Cobham.

“The UK takeover spree continues to move at pace,” said Russ Mould, the investment director at AJ Bell. “UK stocks have long been considered cheap, and this year’s merger and acquisition spree shows that overseas investors have finally got enough confidence to pounce on opportunities after years of showing little interest in the market.”

Sir Nigel Rudd, the Meggitt chairman, said that the takeover would “accelerate and de-risk” its growth plans.

“Meggitt is one of the world’s foremost aerospace, defence and energy businesses, leading the market with a strong portfolio of technology and manufacturing capabilities, and holding a significant amount of intellectual property,” Rudd said. “While Meggitt is currently pursuing a strong, standalone strategy which will deliver value to shareholders over the long term, Parker’s offer provides the opportunity to significantly accelerate and de-risk those plans while continuing to deliver for shareholders.”