ROLLS-ROYCE WINS $950 MILLION ORDER WITH ETIHAD

17 February, 2005 ROLLS-ROYCE WINS $950 MILLION ORDER AS TRENT TRIPLE POWERS ETIHAD FLEET EXPANSION Rolls-Royce announced today (17 February) that Etihad Airways, the fast-growing Abu Dhabi airline, has chosen two more versions of its Trent engine family to power the latest phase of its fleet expansion. The deal involves Trent 900 engines for four Airbus A380s and Trent 700s to power 12 A330 twinjets. Including long-term TotalCare maintenance agreements covering all the engines, the contract is valued at $950 million. Etihad's initial Trent selection was announced at last summer's Farnborough Air Show when the airline ordered eight, four-engined, ultra-long-distance A340-600 airliners, for which the Trent 500 is the sole engine. Charles Cuddington, Managing Director, Airlines, at Rolls-Royce, said: "Etihad is setting the pace with its growth plans, and Rolls-Royce is delighted to be part of this exciting expansion. Today's announcement means Etihad will be flying three versions of the Trent engine series on its new-generation Airbus fleet, recognition of the benefits that a family of technologies brings." Etihad's A380s will be powered by four 70,000lb thrust Trent 900s. The engine is currently in the advanced stages of development, having been certified by the airworthiness authorities on schedule in October 2004. As the launch engine on the programme, it was unveiled on the A380 at Toulouse last month. It will begin flight testing on the A380 in Spring this year and enters commercial service in Spring, 2006. Etihad becomes the sixth airline to select Rolls-Royce power for the A380, taking total Trent 900 orders to 84 firm and option aircraft, and giving the engine a 51 per cent market share. The airline's A330 twinjets will be fitted with the 72,000lb thrust Trent 700. Last August, Etihad also agreed to lease two Trent powered A330s. The Trent 700, with 28 customers and operators, is the established leader on the A330, with a 40 per cent market share. Other versions of the Trent series are the Trent 800 on the Boeing 777, and the Trent 1000, being developed for the Boeing 787 Dreamliner. Today's announcement takes the total number of firm and option orders placed for all types of Trent to over 1,900 engines from 46 customers and operators. Notes for editors: Rolls-Royce 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. 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 70 navies. The company has energy customers in nearly 120 countries. Rolls-Royce employs around 35,000 people, of which 21,000 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. The large installed base of engines generates demand for the provision of services. A key element of the company's strategy is to maximize services revenues, which have increased by 60 per cent over the past five years, by the provision of a comprehensive portfolio of services. Annual sales total nearly £6 billion, of which 55 per cent are services revenues. The order book is more than £21 billion, which, together with demand for services, provides visibility as to future activity levels. For further information please contact: Martin Johnson Vice President, Communications Rolls-Royce PO Box 31 Derby DE24 8BJ UK Tel: +44 (0)1332 269911 Fax: +44 (0)1332 269540 Email: martin.johnson@rolls-royce.com
UK 100