ROLLS-ROYCE WELCOMES SELECTION OF EIGHT A350 XWBs

RNS Number : 7175Y

Rolls-Royce Holdings plc

03 December 2014

 



3 December 2014

ROLLS-ROYCE WELCOMES SELECTION OF EIGHT FURTHER A350 XWB AIRCRAFT

Rolls-Royce has welcomed a decision by Finnair to firm up an order for eight further Airbus A350 XWB aircraft. The decision will mean additional Trent XWB engine business worth $450 million at list prices.

The aircraft are in addition to 11 Airbus A350 XWBs that the airline already has on order, powered by the same engine.

Finnair was the first airline to select the A350 XWB and will be the first European airline  to receive the aircraft.

The Trent XWB is the world's most efficient large civil aero engine, and the fastest-selling widebody engine ever with more than 1,500 engines already sold. It will power the first A350 XWB into service later this year.

Bruce Blythe, Rolls-Royce, Senior Vice President - Customers, Civil Large Engines said: "We welcome Finnair's decision to add to its A350 XWB fleet, and look forward to delivering outstanding performance."

In 2007 Finnair selected 11 Airbus A350 XWB aircraft, with eight options. The firming up of these options increases the total number of Finnair's A350 XWB orders to 19.

About Rolls-Royce Holdings plc

1.   The order announced today will result in an increase in the Group's order book of $450m, in accordance with Group accounting policy.

2.   Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Land & Sea. These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.

3.   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 1,200 power and nuclear customers.

4.   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.

5.   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 £70.4 billion at 30 June 2014.

6.   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 at the forefront of scientific research.

7.   Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers. The Energy businesses transferred to Siemens in December 2014 have just under 2,100 permanent employees.

8.   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. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.

For further information, please contact:

Investors:                                                                  Media:

Jilinda Crowley                                                            Richard Wray

Acting Director - Investor Relations                            Director of External Communications

Rolls-Royce plc                                                          Rolls-Royce plc

Tel: [phone]                                           Tel: [phone]

[e-mail]                                 [e-mail]

www.Rolls-Royce.com

 

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