News in brief

Jetting to Pacific

The former Royal Naval Armament Depot at Trecwn, Dyfed, is to be sold to Omega Pacific, which hopes to create 450 500 jobs there over five years. The revitalised plant will refurbish jet engines after Omega Pacific takes over on 21 January.

Herculean effort

UK firms Dowty Aerospace, GKN-Westland, Lucas Aerospace and Rolls-Royce stand to make £120m from recent sales of the Lockheed Martin C-130J Hercules military transport aircraft.

Investment plan

Rolls-Royce will invest £150m a year across the whole company, including aero engines and the industrial power group, over the next two years.

Fighter agreement

Eurofighter partners Italy, Britain, Germany and Spain gave the production go-ahead last month. Defence secretary George Robertson told MPs the RAF’s 132 planes will be supplied between 2002 and 2014.

Running on steam

ABB has acquired International Combustion’s steam power service business, including low-NOx burners, boilers and construction and maintenance services from Rolls-Royce.

Turning Japanese

The Manufacturing Technology Fellowship Programme, a joint initiative by the DTI and the Japan External Trade Organisation which gives engineers the chance to spend up to 11 months working in Japan, is seeking applicants. Contact the project on 0171-213 1851.

Dresser-Rand

Dresser-Rand said it did not close its Wythenshawe compressor plant in Manchester last month because of the oil and gas industry switch to more powerful, centrifugal compressors. It will continue to supply reciprocating process gas compressors from its other plants.