Overview

Rolls-Royce is a global power-systems business with offices, manufacturing and service facilities in 50 countries. The Group invests in technology and capabilities that can be exploited across all of its market sectors: civil aerospace, defence aerospace, marine and energy.

2005 highlights

Record firm order book at £22.9 billion

Sales increased to £6,603 million

Services revenues, including 100 per cent of repair and overhaul joint ventures, increased by 12 per cent, on an underlying basis

Underlying profit before taxation increased to £584 million

Average net debt fell to £260 million

Breakdown of sales

Note: sales analysis excludes Financial Services, £78 million (2004 £81 million) equivalent to one per cent of sales.

2005 highlights

Orders for 246 Trent engines worth approximately US$3 billion were announced.

The Airbus A380, powered by the Trent 900 engine, made a successful maiden flight and good progress through its comprehensive flight-test programme.

Agreement was reached with Airbus for Rolls-Royce to supply the Trent 1700 to power the new A350 airliner.

The 1,000th BR710 engine was delivered to Gulfstream to power its G550 long-range business jet.

International Aero Engines (IAE) achieved a record order intake of approximately 600 engines worth over US$1.5 billion to Rolls-Royce.

2005 highlights

Good progress was made with the Group's development work for the US Department of Defense's (DoD's) Joint Strike Fighter programme.

AirTanker was awarded preferred bidder status for the UK's Future Strategic Tanker Aircraft programme.

The first series of tests was completed for the TP400-D6 engine for the Airbus A400M military transport aircraft.

Mission Ready Management Solutions services contracts were signed with the UK Ministry of Defence (MoD) and the US DoD covering combat, transport and trainer aircraft engines.

A new Operations Centre was opened in Bristol as part of the growing in-service support business for military engines.

2005 highlights

A £137 million service and support contract was secured for ships in service with the Royal Navy and the French, Belgian and Royal Netherlands navies.

The first MT30 marine gas turbine was delivered to power land-based test runs of the US Navy's DD(X) destroyer.

Lockheed Martin installed two MT30 marine gas turbines on the first prototype Littoral Combat Ship for the US Navy.

A University Technology Centre (UTC) was established by the Group in Norway to conduct research programmes in the marine sector.

A new marine facility in Shanghai was formally opened.

2005 highlights

The first 12 industrial RB211-based compression packages were installed and commissioned for the West-East Pipeline Project in China, four months ahead of schedule. An additional three gas turbine units were ordered for the expansion of the pipeline's capacity.

Six industrial Trent-based compression packages were delivered to Qatar for the Middle East Dolphin project. This is the first mechanical drive application of the Trent 60, the most powerful and efficient aero-derived gas turbine on the market.

Sharjah Electricity and Water Authority chose two Trent 60 power-generation sets for the latest phase of the Wasit power-plant expansion, and the first Trent 60 for Asia was ordered by a major electricity producer in Yinchuan, China.

Ten RB211 industrial gas turbine power-generation units were ordered to provide electrical power for floating production, storage and offloading vessels operated by Total off the coast of Nigeria and by Petrobras, off the coast of Brazil.

The 500th industrial RB211 was shipped from the Rolls-Royce assembly and test facility in Montreal.

A joint venture was established with a Singaporean consortium to continue development work on solid-oxide fuel cell technology.