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Monday 01 February, 2016

Rolls-Royce Holdings

ROLLS-ROYCE WINS NORWEGIAN ORDER WORTH $2.7 BN

RNS Number : 5384N
Rolls-Royce Holdings plc
01 February 2016
 

1 February 2016

Rolls-royce wins norwegian ORDER worth $2.7 BILLION

 

Rolls-Royce has won a $2.7bn order from Norwegian for Trent 1000 engines and TotalCare® long-term service support for 19 new Boeing 787 Dreamliner aircraft.

 

The order also includes TotalCare for Trent 1000 engines that will power 11 previously-announced leased Boeing 787s yet to enter service.

 

Rolls-Royce will provide TotalCare with a fully comprehensive Availability Service Solution for all 30 aircraft and this will now also cover eight Norwegian 787s already in service.

 

Bjorn Kjos, Norwegian, Chief Executive Officer, said: "This decision further develops our relationship with Rolls-Royce and we look forward to operating aircraft powered by the latest version of the Trent 1000, which sets new standards of performance."

 

Eric Schulz, Rolls-Royce, President - Civil Aerospace, said: "This is another significant decision in favour of the Trent 1000, an engine that delivers exceptional economics and performance. We continue to innovate and develop new services and it is great to see Norwegian selecting Availability Service Solutions for their TotalCare as part of this deal."

 

Availability Service Solutions cover technical and engine parts support that helps aircraft operators meet their schedules.

 

The airline also has options for 10 further aircraft which, if confirmed, will be powered by the Trent 1000.

 

 

 

About Rolls-Royce Holdings plc

 

 

1.   The order announced today will result in an increase in the Group's order book of $1.5bn, in accordance with Group accounting policy.

2.   Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, 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 more than 5,000 power and nuclear customers.

4.   Annual underlying revenue was £14.6 billion in 2014, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £76.5 billion at 30 June 2015.

5.   In 2014, Rolls-Royce invested £1.2 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.

6.   Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.

7.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2014 we employed 354 graduates and 357 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:

 

John Dawson

Director / Head of Investor Relations

Rolls-Royce plc

Tel: +44 (0)207 227 9237

[email protected]

 

 

Media:
 
Richard Wray                                                               
Director of External Communications                              
Rolls-Royce plc                                                            
Tel: +44 (0)20 7227 9163                                               
[email protected]                                        

 

 

 

www.Rolls-Royce.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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