Rolls-Royce won $1.7 billion in new orders during Farnborough
Friday, 23 July 2010
Rolls-Royce, the global power systems company, secured $1.7 billion in new orders during the Farnborough Air Show, demonstrating the Group’s leading edge technology, broad portfolio and successful after market capability.
Two new Rolls-Royce powered aircraft made their Farnborough debut, the Boeing 787 Dreamliner and the Airbus A400M.
Extending its market leadership, the Trent 700 won orders totalling more than $1 billion for engines to power 17 Airbus A330s from Aeroflot, Russia’s national airline and Garuda Indonesia Airlines. Both of these contracts included TotalCare long term service agreements. In addition, Garuda extended an existing TotalCare agreement covering its Trent 700 engines and Sichuan Airlines ordered a 12 year TotalCare package for its Trent 700s.
Air Transat has ordered extended TotalCare® services and Trent 700EP (Enhanced Performance) engine kits, which are designed to improve efficiency and environmental performance. The new seven year extended TotalCare services contract covers five Trent 700-powered Airbus A330s, four of which were covered under previous TotalCare arrangements. The new EP kits will be incorporated into the airline’s Trent 700 engines over the next two years.
The Trent 700, the only engine specifically designed for the A330, remains the market leader for the aircraft and has secured more than 70% of new orders in the past three years. The engine delivers the best performance, lowest emissions and lowest fuel burn on the Airbus A330.
International Aero Engines, in which Rolls-Royce is a senior partner, received orders for V2500 engines from Yemenia, China Southern and Vietnam Airlines, with value to Rolls-Royce of around $470 million.
The Group’s defence aerospace business announced a contract to support the Canadian Air Force CC-130J fleet, valued at more than $70 million. Rolls-Royce is the world leader in engines for military transport aircraft and this contract will provide Lockheed Martin with logistics support for the AE 2100D3 engines for the next six years. The contract has a potential value exceeding USD $260 million over the life expectancy of the fleet. This is another example of the success of our performance based logistics MissionCare, which provide customers with more cost effective through-life support.
- 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 39,000 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.
- In 2009, Rolls-Royce invested £864 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 £10.1 billion in 2009, of which about half came from services revenues. The firm and announced order book stood at £58.3 billion at 31 December 2009, providing visibility of future levels of activity.
- Rolls-Royce has more than 1,700 Trent engines in service on more than 550 aircraft and a further 2,500 on order. Each of the six members of the Trent family has either been the first or launch engine on the airframe, or has gone on to take the leading market share.
- The Group’s strategy of creating a family of engines, each tailored to a specific aircraft, has resulted in the most extensive portfolio of power systems in the aerospace industry. Rolls-Royce provides engines for more than 30 types of civil and 39 military aircraft.
- TotalCare long-term service agreements are adapted to customers’ needs and are now in place on more than 80 per cent of all Trent engines in service.