Engines
Rolls-Royce Considers Shedding Its ITP Aero Unit
As ITP Aero weighs on Rolls-Royce, the UK engine maker considers its divestiture.
Rolls-Royce CEO Warren East (Photo: Rolls-Royce)
Rolls-Royce CEO Warren East (Photo: Rolls-Royce)

Rolls-Royce is considering shedding its ITP Aero unit as that Spanish engine components manufacturer drains cash flow under many of the same Covid-19 related pressures its parent company continues to experience. The UK engine giant on Thursday reported that its net debt at the end of this year’s first half stood at £1.7 billion ($2.24 billion), compared with a net positive cash position at the end of last year of £1.4 billion.