Re Contract
16 December 2009
ROLLS-ROYCE WINS FIRST ORDER FROM LEADING US LESSOR
AVIATION CAPITAL GROUP
Rolls-Royce, the global power systems company, has won its first order from US
lessor Aviation Capital Group (ACG), for Trent 1000 engines to power all five
Boeing 787 Dreamliner aircraft already purchased by ACG. The contract is worth
$170m at list prices.
The aircraft, ordered by ACG in 2007, represent a significant addition to its
portfolio as the company's first next generation widebody purchase.
R. Stephen Hannahs, Aviation Capital Group Chief Executive Officer & Group
Managing Director, said: "We are delighted to celebrate the 787's first flight
with this announcement. The Trent 1000 provides us with an excellent
combination of operating and ownership economics. We are confident in its
performance and its ability to meet our expectations and those of our
customers."
The 787 will produce 20 per cent less CO2, 40 per cent less NOx and 50 per cent
less noise than current generation aircraft.
Mark King, Rolls-Royce President - Civil Aerospace, said: "I am delighted that
this order starts what I have no doubt will be a long and successful
relationship with ACG. I am particularly pleased that such a key player in the
leasing market has shown its trust in our Trent 1000 technology by selecting
the engine for all its aircraft."
Rolls-Royce has a leading 50 per cent market share on modern, widebody
aircraft, with more than 1,500 Trent® engines in service on more than 550
aircraft and a further 2,500 engines on order. Each of the six members of the
Trent family have either been the first or launch engine on the airframe, or
have gone on to take the leading market share.
ACG has previously selected V2500 engines produced by International Aero
Engines, a multinational aero engine consortium whose shareholders comprise
Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU
Aero Engines.
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.
2. As a result of this strategy, Rolls-Royce today has a broad customer base
comprising more than 600 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than 2,000 marine customers,
including 70 navies, and energy customers in nearly 120 countries, with an
installed base of 54,000 gas turbines.
3. Rolls-Royce employs over 38,000 skilled people in offices, manufacturing
and service facilities in 50 countries. The Group has a strong commitment
to apprentice and graduate recruitment, and to further developing employee
skills.
4. Sixty per cent of research and development investment and 40 per cent of
new product development spending over the past five years has been outside
the UK, with particularly strong relationships with the 27 universities
worldwide where there are Rolls-Royce University Technology Centres.
5. In 2008, Rolls-Royce invested £885 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.
6. Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent
came from services revenues. The firm and announced order book stood at
£57.5 billion at 30 June 2009, providing visibility of future levels of
activity.
7. ACG is the owner and manager of a diversified fleet of commercial jet
aircraft leased to the world's leading airlines. Its portfolio includes 241
aircraft leased to 94 airlines in 41 countries. ACG's Capital Markets Group
also provides asset management and remarketing services to aircraft
investors and institutional clients. ACG was founded in 1989 and is a
wholly-owned subsidiary of Pacific LifeCorp.
For further information please contact
Mark Alflatt
Director of Financial Communications
Tel: +44 (0)20 7227 9285
Mark.Alflatt@Rolls-Royce.com
Amanda Price
Investor Relations Manager
Tel: +44 (0)20 7227 9285
Amanda.Price@Rolls-Royce.com
Web www.rolls-royce.com