Rolls-Royce Reports Record Loss In 2016

Credit: Rolls-Royce
LONDON—Rolls-Royce has recorded a £4.6 billion ($5.7 billion) loss for 2016, mainly due to the pound’s decline in value after the UK’s June vote to leave the EU. The company also included the £671 million in settlements it is paying to authorities in Brazil, the UK and the U.S. to end bribery and...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

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