Rolls-Royce wins $1.1bn Trent XWB order from Air Lease Corporation
Monday, 4 February 2013
Rolls-Royce, the global power systems company, has won an order worth $1.1bn, at list prices, from Air Lease Corporation for Trent XWB engines to power its 25 Airbus A350XWB aircraft.
Twenty of the Airbus A350 XWB aircraft will be the -900 variant and five will be the -1000 variant which is powered by a higher-thrust version of the Trent XWB. Air Lease Corporation also has options for an additional five A350-1000 aircraft.
Steven Udvar-Hazy, Chief Executive Officer, Air Lease Corporation, said: "This is ALC's first selection of Trent XWB technology, to power A350-900 and A350-1000 aircraft. We look forward to receiving these engines, which are demonstrating excellent operational performance and environmental efficiency and will help deliver real advantages to our customers."
Mark King, Rolls-Royce, President – Aerospace, said: "We are delighted that Air Lease Corporation has become a significant new customer for the latest version of our world-leading Trent engine technology. The Trent XWB is already proving itself to be the most efficient large civil aircraft engine in the world."
The Trent XWB, specifically designed for the Airbus A350 XWB, is the fastest selling Trent engine ever, with more than 1,200 already sold. It took to the skies for the first time in February 2012, on an Airbus A380 flying test bed, and in 2014 the Trent XWB will power the first Airbus A350 XWB into service.
- Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
- Annual underlying revenue was £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £60.1 billion at 30 June 2012, providing visibility of future levels of activity.
- Rolls-Royce employs over 40,000 people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
- In 2011, Rolls-Royce invested £908 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
- Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.