Dubai air show orders and milestones reflect Rolls-Royce technology success
Thursday, 19 November 2009
Rolls-Royce, the global power systems company, has secured orders worth more than $2.3 billion during the Dubai Air Show, demonstrating its strong market positions, its continued investment in technology and access to global markets.
The Group, which has the most extensive portfolio of power systems in the aerospace industry, won orders in both the civil and defence aerospace market sectors. It also reaffirmed its commitment to working in partnership in the Middle East, signing a tenancy agreement with the Qatar Science and Technology Park.
Civil highlights included orders for both the Trent 700 and Trent XWB, taking sales for each engine type past 1,000. Air China ordered the Trent 700, in an order worth $1.5 billion to power 20 Airbus A330 aircraft. A total of 584 Trent 700 engines have been delivered to customers around the world since entry into service in 1995.
Ethiopian Airlines selected the Trent XWB, the fastest selling Trent engine ever, in an order worth $480 million that also marked the airline’s first Trent purchase. The engines will power 12 Airbus A350 XWB aircraft.
In the defence sector, Rolls-Royce was awarded a $171 million contract to supply its unique LiftSystem™ for a further nine Short Take-Off and Vertical Landing (STOVL) variant F-35 Lightning II (Joint Strike Fighter) aircraft. This order is the second production contract for Rolls-Royce as part of its involvement in the Joint Strike Fighter programme.
Rolls-Royce also announced it has powered the UK’s largest fully-autonomous unmanned aircraft through successful flight trials in Australia. Working in conjunction with BAE Systems, which is leading the Mantis programme, Rolls-Royce has led the development of an Integrated Power System (IPS) incorporating the twin engines and propellers and associated sub-systems.
Europrop International, in which Rolls-Royce is a partner, announced a major milestone on the path to the first flight of the Airbus A400M military transport aircraft with the clearance of the aircraft’s TP400 engines for taxi trials.
Rolls-Royce market success continues to reflect the financial and operational appeal of long-term service agreements designed to minimise customer financial risk and enhance operational performance and reliability, allowing operators to concentrate on their core business. The Air China order included Rolls-Royce TotalCare® service support, which is now in place on more than 80 per cent of new Trent engines.
The Group also benefited from the continued success of International Aero Engines, in which Rolls-Royce is a senior partner. IAE received an order for V2500 engines from DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), with a value to Rolls-Royce of $110 million. IAE also won an order for aftermarket services from Etihad Airways for V2500 engines worth up to $60 million to Rolls-Royce.
|Air China||Asia||Air China selects Rolls-Royce engines to power 20 A330s. All engines ordered include TotalCare®||Trent 700||$1.5bn|
|Ethiopian Airlines||Africa||Ethiopian Airlines selects Rolls-Royce engines for 12 A350 XWBs||Trent XWB||$480m|
|Dubai Aerospace Enterprise||Middle East||DAE Capital, the leasing arm of Dubai Aerospace Enterprise, selects V2500 engines to power 20 A320s||V2500||$110m|
|Pratt & Whitney||US|
Rolls-Royce signs $171 million F-35 STOVL LiftSystem contract
Etihad Airways signs aftermarket services agreement covering 30 V2500 engines that power 14 A320s
- 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. In each of these sectors, Rolls-Royce offers value-added long-term service agreements for customers and operators.
- In 2008, Rolls-Royce and its partners invested £885 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
- Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent came from services revenues. The firm and announced order book stood at £57.5 billion at 30 June 2009, providing visibility of future levels of activity.