Chief Executive's review: Growing market share and our installed product base

Leading the way.

Taking off in major markets

The V-22 Osprey is in service with the US Marine Corps. Its engine is designed and built by
Rolls-Royce in the US. A five-year engine production contract worth US$700 million was awarded in 2007.

Since 1987, we have been successfully growing our market share in each of our businesses.

Our share of the market for large civil aero-engines is nearly 40 per cent and we are Europe's number one, and the world's number two, defence aero-engine producer.

We are also pre-eminent in capabilities which 20 years ago either did not exist or were at a very early stage of development. For example, our marine propulsion business is the market leader in its field and we have one of the world's most successful offshore vessel ship-design businesses.

In the energy market, we are a world leader in the supply of power and compression equipment to the offshore oil and gas markets. We are also developing our power generation business with new products such as the low emissions Bergen series of gas engines.

Chart: Installed product base - gas turbines in service: 1987, 20,000; 2007, 54,000Chart: Addressable global market opportunity - product and services: Europe, Americas, Asia, US$2 trillion over the next 20 years

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