Last checked at 22 Mar 2011 07:00
March 22, 2011 ROLLS-ROYCE WINS $200 MILLION TRENT 700 ORDER FROM TURKISH AIRLINES
Rolls-Royce, the global power systems company, has won a $200m order from Turkish Airlines for Trent 700 engines to power three Airbus A330 freighter aircraft. The contract includes a TotalCare® long-term service agreement.
The aircraft, which will be delivered between 2012-2014, are in addition to two Rolls-Royce powered A330 freighters previously ordered, one of which is now in service. Turkish Airlines now has a total of 16 Rolls-Royce powered A330 passenger and freighter aircraft in service or on order to support its growth strategy.
The Trent 700 is the engine of choice in both passenger and freighter markets, with a near-90 per cent share of the latter. Overall, the engine has captured more than 75 per cent of orders for the A330 in the last three years.
Hamdi Topcu, Chairman, Turkish Airlines, said: "Our first Trent 700 powered A330s entered service last September and we have been pleased with both the environmental and efficiency benefits of the engine technology and the support offered through TotalCare®."
Nick Devall, Rolls-Royce Chief Commercial Officer - Civil Aerospace, said: "The Trent 700 is the only engine specifically designed for the A330 and delivers significant payload benefits in operation. Following our flawless entry into service last year, I look forward to our relationship continuing to develop."
More than 1,300 Trent 700s are now in service or on firm order. In 2010, Rolls-Royce won 11 of the 12 A330 engine campaigns that were announced.
TotalCare® long-term service agreements, in place on 90 per cent of Trent engines, are designed to minimise customer financial risk and enhance operational performance and reliability, allowing operators to concentrate on their core business.
Notes to Editors:
1. 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.
2. As a result of this strategy, Rolls-Royce has a broad customer base
comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,500 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
3. Annual underlying revenues were £10.8 billion in 2010, of which more than
half came from the provision of services. The firm and announced order book
stood at £59.2 billion at 31 December 2010, providing visibility of future
levels of activity.
4. Rolls-Royce employs over 39,000 skilled people in offices, manufacturing
and service facilities in over 50 countries. Over 11,000 of these employees
are engineers.
5. In 2010, Rolls-Royce invested £923 million on research and development, two
thirds of which had the objective of further improving the environmental
performance of its products, in particular reducing emissions.
6. Rolls-Royce supports a global network of 28 University Technology Centres,
which connect the company's engineers with the forefront of scientific
research.
7. The Group has a strong commitment to apprentice and graduate recruitment
and to further developing employee skills.
For further information, please contact:
Media relations:
Josh RosenstockHead of Corporate CommunicationsRolls-Royce Group plcTel: +44 (0)20 7227 9163josh.rosenstock@Rolls-royce.com
Investor relations:
Mark AlflattDirector of Financial CommunicationsRolls-Royce Group plcTel: +44 (0)20 7227 9237mark.alflatt@Rolls-royce.comWeb www.rolls-royce.com
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