Rolls-Royce To Work With Mubadala

RNS Number : 3699T

Rolls-Royce Holdings plc

19 November 2013

 



19 November 2013

ROLLS-ROYCE TO WORK WITH MUBADALA TO ESTABLISH ABU DHABI AS A KEY AEROSPACE HUB

Rolls-Royce confirmed at the Dubai Air Show today that it has entered into a Strategic Framework Agreement with Mubadala Aerospace, Communications Technology and Defense Services (ACTDS) to establish the Emirate of Abu Dhabi as a key member of Rolls-Royce's global network for maintenance and manufacturing activities.

As part of the agreement, Rolls-Royce is supporting Mubadala to become established as an approved Trent XWB engine maintenance, repair and overhaul (MRO) provider within its global Engine MRO network and the first such facility in the Middle East region. The  region is earmarked to have one of the highest concentrations of Trent XWB engines in the world in the coming decade.

In addition, Rolls-Royce has committed to helping establish, and become a founding member of, the first advanced manufacturing research centre in the region to support Mubadala's goal to become a Tier 1 aerospace industry supplier.

Rolls-Royce also plans to source engine components valued at up to $500 million over a ten year period from Mubadala once it has a manufacturing capability.

Tony Wood, President -- Aerospace, Rolls-Royce plc, said: "We are delighted to work with Mubadala to establish Abu Dhabi as a key aerospace hub for the support of Trent XWB engine maintenance, repair and overhaul and for component manufacturing. This is an exciting opportunity which will significantly extend both our aerospace supply chain and aero engine support capabilities in the region."

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Notes to Editors:

1. The Trent XWB is the largest-selling Trent engine, with more than 1,600 on order prior to entry into service next year.

2. Mubadala's Trent XWB capability will join four global MRO facilities which will support the Trent XWB.

3. Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.

4. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.

5. Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £69.2 billion at 30 June 2013, providing visibility of future levels of activity.

6. Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities n over 50 countries. Over 14,000 of these employees are engineers.

7. In 2012, Rolls-Royce invested £919 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.

8. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company's engineers with the forefront of scientific research.

9. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

For further information, please contact:

Investors:

Simon Goodson

Director - Investor Relations

Rolls-Royce plc

Tel [phone]

[e-mail]

Media:

Stephanie Watters

Communications Manager

Rolls-Royce plc

Tel [phone]

[e-mail]

www.Rolls-Royce.com

 

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