Key facts
- Rolls-Royce has received new orders for its 787 engine.
- The company aims to increase its market share against General Electric.
- The engine powers Boeing's 787 widebody jet.
Rolls-Royce Holdings Plc announced it has secured additional orders for the engine that powers Boeing Co.'s 787 jet. This development is part of Rolls-Royce's strategy to recover market share lost to General Electric on the popular widebody aircraft. The company has been working to address issues with the engine, which has faced significant challenges.