Re Contract

RNS Number : 3684M

Rolls-Royce Holdings plc

15 July 2014

 



 

15 July, 2014

ROLLS-ROYCE WELCOMES CIT SELECTION OF

15 A330neo AIRCRAFT POWERED BY TRENT 7000

Rolls-Royce welcomes the decision by lessor CIT to select 15 Airbus A330-900neo aircraft, powered by the newly-launched Trent 7000 engine.

CIT has previously ordered Trent 700 engines for A330 aircraft, Trent XWB engines for A350 XWB aircraft and Trent 1000 engines for Boeing 787 Dreamliner aircraft.

Eric Schulz, Rolls-Royce, President - Civil Large Engines said: "We welcome CIT's decision to select aircraft powered by our Trent 7000 engines. We look forward to delivering outstanding engine performance to a valued customer."

The Trent 7000 brings together:

·    Experience from the Trent 700 - the engine of choice for the current A330

·    Architecture from the Trent 1000-TEN - the latest version of the Trent 1000 engine

·    Latest technology from the Trent XWB - the world's most efficient large civil engine

The 68-72,000lb thrust Trent 7000 will deliver significant performance benefits compared to the current version of the Trent 700. It will improve specific fuel consumption by ten per cent; have twice the bypass ratio; and will halve perceived noise.

The Trent engine family has accumulated more than 75 million flight hours over the last 19 years. Each member of the Trent engine family has been either the market leader, aircraft launch engine, or both.

About Rolls-Royce Holdings plc

1.   The Trent 700 has won 68 per cent of new orders over the last three years and accounts for the same percentage on future A330 deliveries.  More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine. The engine has accumulated nearly 30 million flying hours and is in service today with 66 operators.

2.   The Trent 1000-TEN is the latest version of the Trent 1000 engine that has now completed more than 330,000 in-service flying hours and delivered the best reliability performance on the aircraft it powers. The Trent XWB powers the Airbus A350XWB, which is due to enter service later this year. The engines for the first aircraft to enter service are now delivered and the Trent XWB is currently powering five flight test aircraft.

3.   Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.

4.   Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc. On 16 April 2014, the valuation was agreed and the transaction is expected to complete within the coming months, subject to the usual regulatory approvals. On 6 May 2014 Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further £200 million for a 25 year licensing agreement.

5.   Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.

6.   Our business is focused on the 4Cs:

·     Customer - placing the customer at the heart of our business

·     Concentration - deciding where to grow and where not to

·     Cost - continually looking to increase efficiency

·     Cash - improving financial performance.

7.   Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.

8.   In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.

9.   Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.

10. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.

For further information, please contact:

Investors:

Simon Goodson
Director, Investor Relations

Rolls-Royce plc

Tel:      [phone]

Email: [e-mail]

Media:

Richard Wray
Director of External Communications

Rolls-Royce plc
Tel:      [phone]
Mobile [phone]
Email:  [e-mail]

www.Rolls-Royce.com

 

 

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