Rolls-royce Re Contract

Date : 11/02/2009 @ 7:00AM
Source : UK Regulatory (RNS and others)
Stock : Rolls-royce (RR.)
Quote : 481.0  2.1 (0.44%) @ 11:35AM
<< BackQuote Chart

 



Rolls-royce Re Contract

 
TIDMRR. 
 
November 2, 2009 
 
 ROLLS-ROYCE WINS $350 MILLION ORDER FROM TURKISH FLAG CARRIER FOR ADDITIONAL 
                               TRENT 700 ENGINES 
 
Rolls-Royce, the global power systems company, has won a $350m order, at list 
prices, for Trent engines to power five Airbus A330 aircraft for Turkish 
Airlines (Turk Hava Yollari). The contract includes long-term TotalCare service 
support. Aircraft deliveries will start in 2010. This follows the July 2009 
announcement that Trent 700 engines will also power seven THY A330 aircraft, a 
contract valued at $470m at list prices. 
 
Candan Karlitekin, Chairman Turkish Airlines, said: "We are pleased to make a 
second selection for Rolls-Royce engines for our A330 fleet. The aircraft 
represents an exciting new phase of development for the airline and our 
shareholders. The commitment of Rolls-Royce in supporting our ambitions is an 
important factor in our plans." 
 
Nick Devall, Rolls-Royce Executive Vice President - Customer Business, said: 
"We are delighted that Turkish Airlines has again chosen Rolls-Royce technology 
to power additional A330 aircraft. The Trent 700 is a market leader and we are 
committed to working closely with the airline as they continue to develop their 
fleet." 
 
The Trent 700, the only engine specifically designed for the A330, remains the 
market leader for the aircraft, achieving more than 70 per cent of new orders 
over the last three years. 
 
The THY aircraft will feature an enhanced performance version of the Trent 700 
which improves engine performance by a further 1.3 per cent - confirming its 
position on the A330 as best for fuel burn and emissions as well as thrust and 
noise. 
 
The latest THY order for Trent 700 engines will cover three A330 passenger 
aircraft and two A330 freighter aircraft. 
 
Notes to Editors: 
 
 1. Rolls-Royce, a world-leading provider of power systems and services for use 
    on land, at sea and in the air, has established a strong position in global 
    markets - civil aerospace, defence aerospace, marine and energy. In each 
    sector, Rolls-Royce offer value-added long-term service agreements for 
    customers and operators. 
 
 2. In 2008, Rolls-Royce and its partners invested GBP885 million on research and 
    development, two thirds of which had the objective of further improving the 
    environmental aspects of its products, in particular the reduction of 
    emissions. 
 
 3. Annual underlying revenues were GBP9.1 billion in 2008, of which 52 per cent 
    came from services revenues. The firm and announced order book stood at 
    GBP57.5 billion at 30 June 2009, providing visibility of future levels of 
    activity. 
 
 
For further information please contact 
 
Mark Alflatt 
Director of Financial Communications 
Tel: +44 (0)20 7227 9285 
mark.alflatt@rolls-royce.com 
 
Nicky Louth-Davies 
Director of Corporate Communications 
Tel: +44 (0)20 7227 9232 
nicky.louth-davies@rolls-royce.com 
 
Web www.rolls-royce.com 
 
 
END 
 
<< Back


Rolls-royce Historical Chart Rolls-royce Intraday Chart  
Period


LSE and PLUS quotes are live. NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme
Copyright1999-2009 ADVFN PLC. Copyright and limited reproduction :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs
ADDITIONAL SERVICES AVAILABLE FROM ADVFN
Upgrade - Click here for more information on ADVFN premium services Money Words - ADVFN Financial Glossary Investor Training ADVFN Financial Bookshop Online Training Academy
31 site:2us 091124 19:23 Stock Message Boards ( 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 )