Rolls-Royce record orders
22 June, 2007
ROLLS-ROYCE RECORD ORDERS AT PARIS AIR SHOW DEMONSTRATE STRENGTH OF PORTFOLIO
Rolls-Royce confirmed today that it had secured business worth a total of
$15.1 billion at the Paris air show.
On the eve of the show, the company was selected to power the C-27J transport
aircraft for the US armed forces, and also signed an agreement to develop a new
corporate jet engine for Dassault. During the air show, commitments were announced
for 728 engines on a total of 355 aircraft.
New customers were announced in Latin America and Russia, joining those from
the Middle East, Asia, Europe and America who also placed orders.
Rolls-Royce has the broadest portfolio of power systems and services in the
aerospace industry. The Group provides engines for more than 30 types of civil
aircraft, and its products are in service with 41 of the world's top 50
airlines and cargo carriers and 160 armed forces.
Sir John Rose, Chief Executive of Rolls-Royce, said: "The breadth and balance
of the portfolio enables Rolls-Royce to develop new products and services at
lower cost and lower risk, and to satisfy a wide range of customer
requirements. We are able to apply advances in technology across our portfolio,
and continuously improve the environmental impact of our products.
"Our portfolio also creates a more robust business by ensuring that the Group
is not over-dependent on the success of any one sector or programme. The
benefits of this portfolio approach have been illustrated by the success which
Rolls-Royce has enjoyed at the Paris air show."
A good example of the advantages of having a broad portfolio is in the defence
sector where Rolls-Royce was selected as propulsion system provider for C-27J
transporters in the Joint Cargo Aircraft (JCA) programme for the US Army and US
Air Force. Engines and aftermarket services for the first 78 aircraft are worth
more than $500 million over the life of the JCA programme.
The AE 2100D2 turboprop for the JCA shares 80 per cent commonality with the AE
3007 turbofan and the AE 1107C-Liberty turboshaft. This family of engines
powers seven different aircraft platforms, including transporters, unmanned air
vehicles, regional jets, seaplanes and surveillance aircraft. To date, we have
delivered almost 4,000 engines across this range of programmes.
Rolls-Royce further broadened its portfolio by signing a ground-breaking
agreement with Dassault Aviation to provide a new engine for the
next-generation Falcon business jet. Rolls-Royce is the world's leader in this
market, providing engines for Bombardier, Cessna, Embraer and Gulfstream.
This is the first time Rolls-Royce has partnered with Dassault in this sector.
The 10,000lb thrust-class engine being developed for Dassault is the first of a
new family designed to address opportunities in the corporate and regional
aircraft sector.
Four versions of the company's high-thrust Trent engine series were ordered
during the air show by 17 airlines, freight carriers and leasing companies.
Rolls-Royce won commitments for 508 Trent engines on the latest Airbus and
Boeing aircraft. The Trent order backlog has increased by 40 per cent as a
result of this week's announcements, taking commitments for the Trent family to
3,200 engines, of which over 1,400 have been delivered.
Rolls-Royce now has the biggest market share - 47 per cent - of engines for
modern wide-bodied aircraft.
The Trent 900 and Trent 1000 hold launch positions on the A380 and Boeing 787
respectively, while the Trent 500 is the sole engine for latest versions of the
A340. The sixth member of the family, the Trent XWB, is currently the only
engine offered on the new A350 XWB twinjet.
The Trent XWB was the subject of the Group's largest-ever single order - worth
$5.6 billion including a long-term TotalCare aftermarket agreement - from Qatar
Airways. In addition, the A350 XWB received a total of 141 firm orders from
five customers during the show, including Aeroflot, Singapore Airlines and
lessors Alafco and CIT. Airbus received commitments for 52 aircraft from four
additional customers - US Airways, Kingfisher, Libyan Airlines and Afriqiyah.
Orders for the A340-500 and -600 from Etihad and Kingfisher resulted in
business for the Trent 500.
The Trent family demonstrates the way Rolls-Royce introduces incremental new
technology for the benefit of customers, as well as using it to enhance the
in-service performance of earlier engines
The Trent 700, which has been upgraded through the introduction of Trent 1000
technology, received orders for 140 engines for A330 twinjets, including the
freighter version from International Lease Finance Corporation (ILFC) and from
new customers Avianca of Colombia, Russia's Aeroflot, AirAsiaX of Malaysia and
the Intrepid Group of America.
Orders were received from Avianca and flyglobespan for the Trent 1000 to power
the Boeing 787 Dreamliner. During the air show, the Trent 1000, which is the
launch engine on the Dreamliner, made a successful maiden flight on the
Rolls-Royce flying test bed at Waco, Texas.
The first set of engines is being installed on the initial Boeing 787 ahead of
roll-out in Seattle next month.
The V2500, produced by International Aero Engines, in which Rolls-Royce is a
senior partner, received orders at the air show for 220 engines, of which the
value to Rolls-Royce is $900 million. The V2500 is a good example of a
successful international collaboration between Rolls-Royce and companies in the
US, Germany and Japan.
Details of the orders secured to date by Rolls-Royce at the air show, are set
out in the attached table.
For further information contact:
Caroline Harris
Director of Corporate Communications
Rolls-Royce plc
Tel: +44 (0)207 227 9232
Fax:+44 (0) 207 227 9178
Email: caroline.harris@rolls-royce.com
ROLLS-ROYCE BUSINESS AT THE PARIS AIR SHOW - JUNE 2007
Customer Region Engine Aircraft Value
Number
US ARMED FORCES US AE2100 78 $500m
(JOINT CARGO
AIRCRAFT)
DASSAULT AVIATION FRANCE NEW ENGINE
FOR NEXT
GENERATION
FALCON
ALAFCO Middle East Trent XWB 12 $480m
CIT US Trent XWB 7 $300m
KINGFISHER Asia Trent XWB 20 $1bn
(Combined)
QATAR AIRWAYS Middle East Trent XWB 80* $5.6bn
US AIRWAYS US Trent XWB 22* $1.8bn
AVIANCA Latin America Trent 1000 10+10* $1.1bn
(Combined)
FLYGLOBESPAN Europe Trent 1000 2* $100m
AERCAP Europe Trent 700 10 Undisclosed
AEROFLOT Russia Trent 700 10* $600m
AIRASIA X Asia Trent 700 15* $1.3bn
AVIANCA Latin America Trent 700 5+5* (see Avianca
above)
ILFC US Trent 700 2+3 $180m
INTREPID US Trent 700 17+3* $1.2bn
ETIHAD Middle East Trent 500 4 $200m
KINGFISHER Asia Trent 500 5 (see
Kingfisher
above)
ILFC US V2500 15+10 $140m
BLUE WINGS Europe V2500 20 $115m
CIT US V2500 15 $85m
HAINAN AIRLINES Asia V2500 20 $180m
CHINA EASTERN Asia V2500 30 $260m
US ARMED FORCES US AE2100 78 $500m
(JOINT CARGO
AIRCRAFT)
*Includes related TotalCare contract