COMPETITION FOR ROLLS-ROYCE
Appeal For State Support Made (N.Z. Press Association—Copyright) LONDON, November 30. Changing circumstances in the world aero engine industry had sharpened competition into “something approaching a fight for survival,** the chief executive and deputy chairman of RollsRoyce (Mr J. D. Pearson) said today. If the company’s skills and achievements were to be used to the best advantage there had to be continuing and even closer relationship with the Government. The need for Government financial help was urgent. Discussions were taking place on specific projects with the Government, and he was optimistic about the outcome. The firm, he said, had asked the British Government for “the same amount of support our main American rivals. Pratt and Whitney, get from the American Government. Rolls-Royce were now completely dependent on Government support. Of a total of about 1760 civil aircraft with turbine engines sold in the Western world, nearly 60 per cent, had been ordered with Rolls-Royce engines, Mr Pearson said.
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Press, Volume XCIX, Issue 29377, 2 December 1960, Page 3
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161COMPETITION FOR ROLLS-ROYCE Press, Volume XCIX, Issue 29377, 2 December 1960, Page 3
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