Re Contract

RNS Number : 4751M

Rolls-Royce Holdings plc

16 July 2014

 



 

16 July 2014

ROLLS-royce WINS $86m trent 1000 order from

JORDACHE'S mg aviation

Rolls-Royce has won a $86m order from lessor MG Aviation for Trent 1000 engines to power two Boeing 787-9 Dreamliners.

The order is in addition to the two Trent 1000-powered Boeing 787 Dreamliners that MG Aviation, a division of the Nakash Family conglomerate, already has on order.

Earlier this month the Trent 1000 powered the first delivery flight of the Boeing 787-9.

Joe Nakash, Chairman, MG Aviation, said: "The Trent 1000 has proven its performance in service, and we are pleased to place this further order for an engine that continues to deliver for operators with the most demanding of schedules."

Bruce Blythe, Rolls-Royce, Senior Vice President - Customers, said: "We value this further order from MG Aviation for engines that are delivering excellent economics and the best reliability performance for Boeing 787 operators."

The Trent 1000 has now completed over 330,000 in-service flying hours with an engine dispatch reliability of better than 99.9%.

About Rolls-Royce Holdings plc

1.   Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.

2.   Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc. On 16 April 2014, the valuation was agreed and the transaction is expected to complete within the coming months, subject to the usual regulatory approvals. On 6 May 2014 Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further £200 million for a 25 year licensing agreement.

3.   Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.

4.   Our business is focused on the 4Cs:

·     Customer - placing the customer at the heart of our business

·     Concentration - deciding where to grow and where not to

·     Cost - continually looking to increase efficiency

·     Cash - improving financial performance.

5.   Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.

6.   In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.

7.   Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.

8.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.

For further information, please contact:

Investors:

Simon Goodson
Director, Investor Relations

Rolls-Royce plc

Tel:      [phone]

Email: [e-mail]

Media:

Richard Wray
Director of External Communications

Rolls-Royce plc
Tel:      [phone]
Mobile [phone]
Email:  [e-mail]

www.Rolls-Royce.com

 

 

END

 

 

CNTUNURRSNABAAR