Rolls-Royce Acquires Hyper-Therm HTC, Inc
Wednesday, 1 May 2013
(RESTON, VA & HUNTINGTON BEACH, CA) Rolls-Royce, the global power systems company, announced today it has acquired Hyper-Therm High Temperature Composites, Inc. (Hyper-Therm HTC, Inc.), a producer of state-of-the-art composite materials, including ceramic matrix composites (CMCs), engineered coatings and thermal-structural components.
"Our customers are always seeking ways to make turbine engines lighter, stronger and more fuel efficient, while reducing maintenance costs. The application of CMCs in the aerospace industry will help our customers improve operational performance and energy management," said John Gallo, Rolls-Royce North America Executive Vice President of Operations. "We expect CMCs will revolutionize the weight and performance of engines that currently rely on single-crystal superalloys found in today’s most advanced engines."
The use of these new materials in gas turbine engine components offer the benefits of strength at higher temperatures to reduce the requirement for cooling air. CMCs are also typically one third of the density of nickel super alloys which could significantly reduce the weight of components. This would mean more environmentally friendly engines with improved efficiency and reduced emissions.
Hyper-Therm HTC will become a wholly-owned subsidiary of Rolls-Royce, and will be based in Huntington Beach, California. The site will serve as the hub for technical development of CMCs, which will find applications in a broad range of future Rolls-Royce power systems.
- 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 300 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 $19.5* billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at $96.2 billion at 31 December 2012, providing visibility of future levels of activity.
- Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.
- In 2012, Rolls-Royce invested $1.47 billion 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.
- In North America, Rolls-Royce employs more than 9,300 people in 66 locations in 26 states and 7 sites in 6 Canadian provinces. In the United States, Rolls-Royce employs more than 7,700 people in 26 states.
- In the U.S., Rolls-Royce operates 15 manufacturing, assembly or test facilities in 10 states including California, Indiana, Louisiana, Maryland, Massachusetts, Mississippi, Ohio, Texas, Virginia and Washington.
* Assumed exchange rate: £1.00= $1.60
For further information, please contact:
Director of Communications,
Rolls-Royce North America
Tel:+1 (317) 230-6662
Mobile:+1 (317) 410-1000