Rolls-Royce grows footprint in US; assumes title to more than 1,000 acres in Virginia
Wednesday, 14 January 2009
Rolls-Royce has assumed the title to over 1,000 acres at Crosspointe Centre, an important step in the continuing development of the company’s new aerospace facility in Prince George County, Virginia. The County transferred the land to Rolls-Royce in accordance with the terms of a Memorandum of Understanding signed by the parties.
The new Rolls-Royce site, known as Crosspointe, will manufacture, assemble and test a range of aerospace components and products. The first phase of work – component manufacturing – is likely to support over 150 jobs and the company expects future growth in Virginia to generate roughly 500 new jobs in the coming years. Initial Rolls-Royce investment in this site will exceed $100 million. Over time, the company anticipates additional investment of up to $500 million in Virginia.
The land transfer took place at a signing ceremony in late December and capped a busy year of work related to the new facility. To date, Rolls-Royce has invested several million dollars to establish operations in support of Crosspointe. The company has set-up a local office in Petersburg, Virginia, very near the new site. More than 20 Rolls-Royce employees are working on this project and recruiting is underway to fill critical manufacturing engineer roles. At the site itself, clearing and grading of the first 60 acres is complete and construction is scheduled to begin shortly.
Bob Stoddart, Rolls-Royce Executive Vice President, Crosspointe said: “We’re delighted to be growing our footprint in Virginia and bringing the economic benefits associated with high value added manufacturing to the region. We’ve been believers in Virginia since 1990 when we selected the Commonwealth as home for our North American corporate headquarters. Crosspointe will be a world class aerospace facility and we look forward to helping Virginia grow its aerospace technology base further.”
Crosspointe will be the largest Rolls-Royce site by area in North America, with ample space to accommodate suppliers' and partners’ co-location in the future. It is also the first Rolls-Royce site built from-the-ground-up in the US.
- Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established strong positions in its four global markets - civil aerospace, defense aerospace, marine and energy.
- In 2007, annual sales were £7.4 (~$14.8) billion, of which 55 per cent was services revenues. The firm and announced order book is £53.5 (~$100) billion.
- The Group has a broad customer base including 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. With facilities in 50 countries, Rolls-Royce employs 39,000 people worldwide 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.
- A significant and growing business in North America, Rolls-Royce employs nearly 8,000 people at more than 66 US locations in 26 states and seven sites in six Canadian provinces. In 2007, annual sales in North America exceeded $3.9 billion.
- 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.