Agreement Signed

Rolls-Royce PLC 25 July 2000 ROLLS-ROYCE SIGNS US$103 MILLION LONG-TERM ENGINE MAINTENANCE AGREEMENT WITH EXECUTIVE JET AVIATION Rolls-Royce plc today announced the signing of a US$103 million Power by the Hour(R) agreement with Executive Jet Services, Inc. for engine maintenance on the company's fleet of Cessna Citation X aircraft. This contract extends to 10 years a previous agreement covering all Rolls-Royce AE 3007-powered aircraft either owned or managed by EJA, the world's largest commercial operator of business aircraft. All Rolls-Royce-powered aircraft operated by Executive Jet are now covered under long-term engine maintenance programmes. A similar contract for Rolls-Royce powered Gulfstream GIV and GV corporate jets was signed in late 1999. Financial and aftermarket services account for 40 per cent of Rolls-Royce sales. The company has developed a broad range of services in response to the rapid growth of its customer base, the growing numbers of products in service and the increasing requirement from customers for through-life support. Power by the Hour(R) agreements form part of a full range of services that Rolls-Royce offers to its customers. Under Power by the Hour(R), Rolls-Royce provides a broad range of maintenance support in return for a fixed fee. Background Information: - The Rolls-Royce AE common core engine family has accumulated more than 2.5 million flight hours since entering service. - Rolls-Royce overhauls more than 1,500 aero-engines and 4,500 modules each year. The company repairs 47 different engine types for 400 customers through a worldwide network of 16 repair and overhaul operations on four continents. - The company's aero repair and overhaul business continued to grow in 1999 as a result of its comprehensive international network of repair bases and the growing installed base of engines. Rolls-Royce won more than 100 repair and overhaul contracts during the year. - The 7,600 lb thrust Rolls-Royce AE 3007 engine is the sole powerplant for the Citation X, which cruises at Mach 0.92, making it the world's fastest business jet. For all Rolls-Royce news and images at Farnborough 2000, visit our website: www.rolls-royce.com For more Information, please contact: Rolls-Royce Press Centre Stand G1, Hall 4 Farnborough International Air Show Tel: 01252 380654 Fax: 01252 380382
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