Re Contract
14 February 2011
ROLLS-ROYCE WINS $2.2BN TOTALCARE® DEAL FROM EMIRATES
Rolls-Royce, the global power systems company, has won a $2.2bn TotalCare
long term services contract from Emirates, covering Trent engines for
70 Airbus A350XWB aircraft. The agreement will bring the airline's Rolls-Royce
powered fleet of 128 aircraft, in service and on order, under TotalCare
arrangements.
Tim Clark, President - Emirates Airline, said: "Emirates' 70 A350XWB aircraft
on order will play an important role in our growth when they come online in the
next few years. This TotalCare contract with Rolls-Royce is an important step
in ensuring our A350XWB engine life cycle costs are managed effectively and
maintained to the highest standards. Already current users of TotalCare, we
look forward to maintaining this relationship with Rolls-Royce to drive
additional operational improvements."
Mark King, Rolls-Royce, President - Civil Aerospace, said: "We are delighted to
sign this contract with Emirates, a valued customer with three Trent engine
family members already in service. With this contract all of Emirates'
Rolls-Royce powered fleet are, or will be, supported by TotalCare packages
that add significant value and allow customers to optimise their operations."
TotalCare long term service agreements, in place on 90 per cent of all Trent
engines, are designed to minimise customer financial risk and enhance
operational performance and reliability, allowing operators to concentrate on
their core business.
The new TotalCare® contract for Trent XWB engines comes two months after
Rolls-Royce won a $1.2bn TotalCare® contract for Trent 700 engines powering
27 Airbus A330s and Trent 800 engines powering 21 Boeing 777s.
Notes to Editors:
1. Rolls-Royce is a world-leading provider of power systems and services for
use on land, at sea and in the air, and has established a strong position
in global markets - civil aerospace, defence aerospace, marine and energy.
2. As a result of this strategy, Rolls-Royce has a broad customer base
comprising more than 500 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than 2,500 marine customers,
including 70 navies, and energy customers in nearly 120 countries, with an
installed base of 54,000 gas turbines.
3. Annual underlying revenues were over £11 billion in 2010, of which more
than half came from the provision of services. The firm and announced order
book stood at £59.2 billion at 31 December 2010, providing visibility of
future levels of activity.
4. Rolls-Royce employs 39,000 skilled people in offices, manufacturing and
service facilities in over 50 countries. Over 11,000 of these employees are
engineers.
5. In 2010, Rolls-Royce invested £923 million on research and development,
two thirds of which had the objective of further improving the environmental
performance of its products, in particular reducing emissions.
6. Rolls-Royce supports a global network of 28 University Technology Centres,
which connect the company's engineers with the forefront of scientific
research.
7. The Group has a strong commitment to apprentice and graduate recruitment,
and to further developing employee skills.
For further information please contact
Investor relations:
Mark Alflatt
Director of Financial Communications
Rolls-Royce plc
Tel: +44 (0)20 7227 9237
mark.alflatt@rolls-royce.com
Media relations:
Josh Rosenstock
Head of Corporate Communications
Rolls-Royce plc
Tel: +44 (0)20 7227 9163
josh.rosenstock@rolls-royce.com
www.rolls-royce.com