UK JSF Decision

Rolls-Royce PLC
30 September 2002

                                                               30 September 2002





                  ROLLS-ROYCE CELEBRATES UK'S CHOICE OF STOVL


Rolls-Royce plc, the company responsible for short take-off vertical landing
(STOVL) technology for Joint Strike Fighter (JSF), today welcomed the UK's
choice of the STOVL variant of JSF to fulfil its Future Joint Combat Aircraft
requirement.

The company anticipates a production revenue of approximately $3 billion from a
successful UK/US JSF STOVL production programme. The current forecast
requirement for JSF STOVL aircraft is for more than 750 for the UK, the US
Marine Corps and a number of export customers.

John Rose, Chief Executive of Rolls-Royce, said today: 'This is a very positive
decision by the UK Government which opens up significant opportunities for
Rolls-Royce and its many suppliers. Rolls-Royce is the only company capable of
delivering this technology and the government's decision will enable us to
demonstrate it in action.

'The JSF design embodies world-leading new technologies that will keep
Rolls-Royce at the forefront of advanced propulsion development and maintain our
leadership in this market.'

In December 2001, Rolls-Royce signed a ten-year contract worth approximately $1
billion for the System Development and Demonstration (SDD) phase of the
programme.  This covers design and development work on the innovative
LiftFan(TM), the roll posts, and the three bearing swivel module and nozzle
system that together provide the STOVL capability for the JSF.

During the Concept Demonstrator Phase, the STOVL system underwent rigorous
testing and performed flawlessly, meeting all performance and operability
requirements.

The importance of the STOVL work was recognised by the aerospace industry when
the Integrated LiftFanTM Propulsion System team, of which Rolls-Royce was
obviously a key member, won the prestigious U.S. 2001 Collier Trophy for its
work on JSF STOVL.

Rolls-Royce involvement in JSF STOVL development is led and programme managed by
its Bristol, UK site and strongly supported by its Indianapolis, U.S. facility,
utilising the strengths of its global organisation.  Approximately 1200 UK and
US jobs in Rolls-Royce and the supply chain will be sustained by JSF during the
development phase: during production that figure will almost treble.

With its participation in JSF and its share in the EJ200 engine for the
Eurofighter combat aircraft, Rolls-Royce has a leading position in two of the
world's biggest fighter engine programmes.



For further information please contact:



Colin Duncan

Rolls-Royce plc

Tel: [phone]

Fax: [phone]

Email: [e-mail]

Web: www.Rolls-Royce.com


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