ROLLS-ROYCE CONTINUES MARINE OFFSHORE ORDER SUCCES
12 June, 2003
ROLLS-ROYCE CONTINUES MARINE OFFSHORE ORDER SUCCESS
Rolls-Royce has won orders worth £55 million since the beginning of 2003 to
supply marine design and equipment packages for the offshore industry,
continuing its strong presence in this market. Thirteen of the company's
world-leading UT-Design offshore service vessels will be built in Brazil,
Singapore and Norway.
As well as designing the ships, Rolls-Royce will provide a variety of equipment
including engines, winches, propulsion systems, rudders and steering gear,
cargo bulkhandling systems and automation and monitoring systems. The current
orderbook, for the delivery of designs and equipment for 45 offshore vessels
later this year and through 2004, is worth more than £200 million.
Notes to Editors
Rolls-Royce plc operates in four global markets - civil aerospace, defence
aerospace, marine and energy. It is investing in technology and capability that
can be exploited in each of these sectors to create a competitive range of
products.
The success of these products is demonstrated by the company's rapid and
substantial gains in market share over recent years. As a result, engine
deliveries have grown and the company now has a total of 54,000 gas turbines in
service worldwide. The investments in product, capability and infrastructure to
gain this market position create high barriers to entry.
Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000
corporate and utility aircraft and helicopter operators, 160 armed forces and
more than 2,000 marine customers, including 50 navies. The company has energy
customers in nearly 120 countries. Rolls-Royce employs around 37,000 people, of
which 22,000 are in the UK. Forty per cent of its employees are based outside
the UK - including 5,000 in the rest of Europe and 8,000 in North America.
Most of the engines in service will have operational lives of 25 years or more,
generating an assured aftermarket demand for the provision of spare parts and
services. The company's strategy is to maximise aftermarket revenues which have
increased by 60 per cent over the past five years due to the development of a
comprehensive services capability.
Annual sales total nearly £6 billion, of which over 40 per cent currently comes
from aftermarket services. The order book stands at more than £17 billion,
which, together with aftermarket demand, provides visibility as to future
activity levels.
For further information please contact
Gordon Welsh
Head of Communications - Marine
Rolls-Royce
Tel 44 207 227 9127
Fax 44 207 227 9178
Email gordon.welsh@rolls-royce.com
Web www.rolls-royce.com
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