Rolls-Royce to become founder member of King Abdullah University of Science and Technology industrial collaboration programme
Monday, 25 January 2010
Rolls-Royce, the global power systems company, has today confirmed its intention to become a founder member of the King Abdullah University of Science and Technology (KAUST) Industrial Collaboration Programme.
Rolls-Royce has long recognised the benefits of developing associations with universities around the world which specialise in science, technology and engineering based subjects. KAUST joins a global team of academic partners whose contributions play a fundamental role in developing technologies for incorporation into current and future Rolls-Royce products.
Rolls-Royce has a long standing presence in Saudi Arabia and this association forms part of the Company's strategic plan for broadening and deepening its operations and interests in the Kingdom.
King Abdullah University of Science and Technology (KAUST), Saudi Arabia is an international, graduate-level research university dedicated to inspiring a new age of scientific achievement in the Kingdom that will also benefit the region and the world.
- 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.
- As a result of this strategy, Rolls-Royce today has a broad customer base comprising 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 an installed base of 54,000 gas turbines.
- Rolls-Royce employs over 38,000 skilled people in offices, manufacturing and service facilities in 50 countries. The Group has a strong commitment to apprentice and graduate recruitment, and to further developing employee skills.
- Sixty per cent of research and development investment and 40 per cent of new product development spending over the past five years has been outside the UK, with particularly strong relationships with the 27 universities worldwide where there are Rolls-Royce University Technology Centres.
- In 2008, Rolls-Royce 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.
- Rolls-Royce has a growing presence in the Middle East, where it is playing an important role in the development of the region across all the its sectors - civil aerospace, defence aerospace, marine and energy.
- In the Kingdom of Saudi Arabia, Rolls-Royce is active in all sectors and has engines in service with the Royal Saudi Air Force on Hawk trainers, Tornado, Hercules, and Typhoon. Saudi Arabian Airlines operate the RB211 on its Boeing 747s, and uses V2500s on its fleet of McDonnell Douglas MD90s. During 2009, Saudi Arabian Airlines selected the Trent 700 to power its order for Airbus A330s. Zamil Group shipyard in Damman is building ships designed by Rolls-Royce and is fitting Rolls-Royce equipment to these and to ships of other designs. In addition, Rolls-Royce equipment is in service with Saudi Aramaco.