Development begins at new Rolls-Royce Aerospace facility in Virginia
Wednesday, 13 August 2008
Development is now underway at the new Rolls-Royce aerospace manufacturing facility located on 1,000 acres of the Crosspointe Center property in Prince George County, Virginia.
Clearing of the first 60 acre parcel began on July 21. Once clearing is complete, Rolls-Royce will break ground and begin construction of the first building.
Crosspointe will manufacture, assemble and test a range of aerospace components and products. Crosspointe is expected to be operational by the end of 2009. The first phase of work – component manufacturing – is likely to support more than 150 jobs. The company expects future growth in Virginia to generate roughly 500 new jobs in the coming years. Initial Rolls-Royce investment in this site exceeds $100 million. Over time, the company anticipates additional investment of up to $500 million in Virginia.
The new Crosspointe facility will be largest Rolls-Royce site by area in North America, with ample space to accommodate suppliers' co-location in the future. It is also the first Rolls-Royce site built from-the-ground-up in the US.
Bob Stoddart, Rolls-Royce Executive Vice President, Crosspointe said: “Crosspointe is an essential part of our efforts to increase our competitiveness and position Rolls-Royce for the future. We’re on track and on schedule and looking forward to breaking ground later this year".
- 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.
- A significant and growing industry player 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.
- In 2007, annual sales were £7.4 (~$14.8) billion, of which 55 per cent came from services revenues. The firm and announced order book is £45.9 (~$91.8) billion, of which aftermarket services represent 30 per cent, providing visibility of future levels of activity.
- 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 38,800 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.
- 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. These investments create high barriers to entry.