Rolls-Royce Holdings plc Re Contract (4153Q)
June 17 2015 - 4:36AM
UK Regulatory
TIDMRR.
RNS Number : 4153Q
Rolls-Royce Holdings plc
17 June 2015
17 June 2015
ROLLS-ROYCE TRENT 1000 ENGINES WORTH $500M
TO POWER ETHIOPIAN AIRLINES
Ethiopian Airlines has decided to take Rolls-Royce Trent 1000
engines and long-term TotalCare(R) support worth $500m to power six
Boeing 787-8 Dreamliner aircraft.
The decision marks a significant vote of confidence in the Trent
1000, Ethiopian having previously selected engines from another
provider to power 13 Boeing 787 Dreamliner aircraft.
Tewolde Gebremariam, Ethiopian Airlines, Chief Executive
Officer, said: "We are pleased that the Trent 1000 will power this
latest round of aircraft. We have confidence that it will deliver
outstanding lifetime fuel burn, performance and reliability."
Dominic Horwood, Rolls-Royce, Chief Customer Officer - Civil
Large Engines, said: "This is a significant selection by a valued
customer that continues the Trent 1000 success story. We have real
momentum in the marketplace - in the last five years the Trent 1000
has been selected in more than 60 per cent of engine
competitions."
Rolls-Royce powered the very first Boeing 787 test flight in
December 2009, the first 787-8 to enter service in October 2011,
and the first 787-9 to enter service, in 2014.
Ethiopian has ordered Trent XWB engines to power 12 Airbus A350
XWB aircraft and has three RB211-powered Boeing 757 aircraft in
service.
About Rolls-Royce Holdings plc
1. The order announced today will result in an increase in the
Group's order book of $400m, in accordance with Group accounting
policy.
2. Rolls-Royce's vision is to create better power for a changing
world via two main business divisions, Aerospace and Land &
Sea. These business divisions address markets with two strong
technology platforms, gas turbines and reciprocating engines.
Aerospace comprises Civil Aerospace and Defence Aerospace. Land
& Sea comprises Marine, Nuclear and Power Systems.
3. Rolls-Royce has customers in more than 120 countries,
comprising more than 380 airlines and leasing customers, 160 armed
forces, 4,000 marine customers including 70 navies, and more than
5,000 power and nuclear customers.
4. Our business is focused on the 4Cs:
-- Customer - placing the customer at the heart of our business
-- Concentration - deciding where to grow and where not to
-- Cost - continually looking to increase efficiency
-- Cash - improving financial performance.
5. Annual underlying revenue was GBP14.6 billion in 2014, around
half of which came from the provision of aftermarket services. The
firm and announced order book stood at GBP73.7 billion at the end
of 2014.
6. In 2014, Rolls-Royce invested GBP1.2 billion on research and
development. We also support a global network of 31 University
Technology Centres, which position Rolls-Royce engineers at the
forefront of scientific research.
7. Rolls-Royce employs over 54,000 people in more than 50
countries. Over 15,500 of these are engineers.
8. The Group has a strong commitment to apprentice and graduate
recruitment and to further developing employee skills. In 2014 we
employed 354 graduates and 357 apprentices through our worldwide
training programmes. Globally we have over 1,000 Rolls-Royce STEM
ambassadors who are actively involved in education programmes and
activities; we have set ourselves a target to reach 6 million
people through our STEM outreach activities by 2020.
For further information, please contact:
Investors:
Jilinda Crowley
Acting Director - Investor Relations
Rolls-Royce plc
Tel: +44 (0)20 7227 9237
jilinda.crowley@rolls-royce.com
Media:
Richard Wray
Director of External Communications
Rolls-Royce plc
Tel: +44 (0)20 7227 9163
richard.wray@rolls-royce.com
www.Rolls-Royce.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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