Re Contract
27 January, 2009
ROLLS-ROYCE WINS $272 MILLION SHARE OF V2500
ORDER FROM LUFTHANSA
Rolls-Royce will share in an order by Lufthansa to power a new fleet of 20
Airbus A321s plus options with V2500 SelectOneâ„¢ engines from the International
Aero Engine (IAE) consortium. The value to Rolls-Royce is approximately US$272
million if all options are exercised. Deliveries are due to commence in 2009.
Lufthansa has extensive experience of operating the V2500 and the airline today
celebrates 15 years of V2500 operation covering 33 aircraft.
Nico Buchholz, Senior Vice President, Corporate Fleet Planning at Lufthansa
said: "We know that the V2500 is an excellent powerplant option for the A321,
and with the additional benefits generated with the latest V2500 SelectOneâ„¢
standard, we can achieve a significant reduction in our operating costs. In the
current economic environment, this is a major advantage for us."
Rolls-Royce is a senior shareholder in IAE; other partners are Pratt & Whitney,
the Japanese Aero Engine Corporation and MTU Aero Engines. The V2500 is
available in seven different thrust settings, from 22,000 to 33,000lb, to power
the Airbus A319, A320 and A321 family of aircraft as well as the Airbus
Corporate Jetliner. More than 5,500 V2500 engines are in service or on firm
order.
NOTE TO EDITORS:
1. Rolls-Royce, a world-leading provider of power systems and services for use
on land, at sea and in the air, has established a strong position in global
markets - civil aerospace, defence aerospace, marine and energy.
2. The Group has a broad customer base comprising more than 600 airlines, 4,000
corporate and utility aircraft and helicopter operators, 160 armed forces, more
than 2,000 marine customers, including 70 navies, and energy customers in
nearly 120 countries. It employs around 39,000 people worldwide people in
offices, manufacturing and service facilities in 50 countries and has
businesses headquartered in the UK, US, Canada, Germany, Scandinavia and China.
This global presence allows the Group to access long-term international growth
opportunities with its technology, presence, partnerships and people.
3. Rolls-Royce continues to invest in core technologies, products, people and
capabilities with the objective of broadening and strengthening the product
portfolio, improving efficiency and enhancing the environmental performance of
its products. These investments create high barriers to entry.
4. Each year, in collaboration with its partners, Rolls-Royce invests over £800
million on research and development, two thirds of which has the objective of
further improving the environmental aspects of its products. The primary
technology investment area is aimed at reducing noise and emissions.
5. Sixty per cent of research and development investment and 40 per cent of new
product development spending over the past five years has been outside the UK.
Research and development is carried out in facilities in the UK, Germany,
Italy, Singapore, Japan, the US and Scandinavia, with particularly strong
relationships with the 29 universities where there are Rolls-Royce University
Technology Centres.
6. Annual sales were £7.4 billion in 2007, of which 55 per cent came from
services revenues. The firm and announced order book at the end of 2007 stood
at £45.9 billion, of which aftermarket services represent 30 per cent,
providing visibility of future levels of activity.
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For further information please contact:
Mark Alflatt
Director of Financial Communications
Tel: +44 (0)20 7227 9307
mark.alflatt@rolls-royce.com
Nicky Louth-Davies
Director of Corporate Communications
Tel: +44 (0)20 7227 9232
nicky.louth-davies@rolls-royce.com
END