21 September 2011
ROLLS-ROYCE SHARE OF CHINA EASTERN V2500 ORDER WORTH $400 MILLION
Rolls-Royce, the global power systems company, has won a share of an order from
China Eastern Airlines for V2500 engines to power 50 new Airbus A320 series
aircraft. The contract includes a long-term engine maintenance agreement. The
value of the contract to Rolls-Royce is over $400 million.
Deliveries will commence in August 2012 and continue to 2015 and China Eastern
will employ the new V2500s to expand the capacity of its fleet.
The V2500 is produced by the International Aero Engines consortium (IAE) in
which Rolls-Royce is a senior shareholder. IAE's other partners are
Pratt & Whitney, the Japanese Aero Engines Corporation and MTU Aero Engines.
There are more than 5,500 V2500s in service or on firm order with nearly
200 customers around the world.
Notes to Editors:
1. 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.
2. As a result of this strategy, Rolls-Royce has a broad customer base
comprising more than 500 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than 2,500 marine customers,
including 70 navies, and energy customers in nearly 120 countries, with an
installed base of 54,000 gas turbines.
3. Annual underlying revenues were £10.8 billion in 2010, of which more than
half came from the provision of services. The firm and announced order book
stood at £61.4 billion at 30 June 2011, providing visibility of future levels
of activity.
For further information please contact:
Investor relations:
Mark Alflatt
Director of Financial Communications
Rolls-Royce Holdings plc
Tel: +44 (0)20 7227 9237
E: Mark.Alflatt@Rolls-Royce.com
Media relations:
Josh Rosenstock
Director of External Communications
Rolls-Royce Holdings plc
Tel: +44 (0)20 7227 9163
E: Josh.Rosenstock@Rolls-Royce.com
www.Rolls-Royce.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.