Last checked at 29 Mar 2012 07:00
29 March 2012 ROLLS-ROYCE WINS £24 MILLION ORDER FOR OFFSHORE SUPPLY VESSELS IN CHINA
Rolls-Royce, the global power systems company, has won a £24 million order to design and equip four offshore service vessels which will be built by COSCO (Guangdong) Shipyard Co., Ltd in China.
The Rolls-Royce UT 771 CDL vessels will feature a fully integrated equipment system including highly efficient diesel electric propulsion, deck machinery, bulk handling equipment and automation and control systems.
J¸rn Heltne, Rolls-Royce, Senior Vice President Ship Technology - Offshore said: "We are very pleased to sign our first contract with COSCO and we look forward to working closely with them. These vessels are complex, highly efficient and designed to meet specific challenges faced by the offshore industry."
The vessels will be equipped for transporting pipes, equipment and cargo to and from pipe-laying barges, oil drilling and production platforms. The vessels will also be equipped for fire fighting.
Delivery of the four vessels is scheduled for 2014. The contract includes options to build an additional six vessels of the same design.
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 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
3. Annual underlying revenues were £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £62.2 billion at 31 December 2011, providing visibility of future levels of activity.
4. Rolls-Royce employs over 40,000 people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
5. In 2011, Rolls-Royce invested £908 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:
Investor relations: Simon GoodsonDirector - Investor RelationsRolls-Royce Holdings plcTel: +44 (0)20 7227 9237 E: Simon.Goodson@Rolls-Royce.com
Media relations:
Josh Rosenstock Director of External Communications Rolls-Royce Holdings plc Tel: +44 (0)20 7227 9163 E: Josh.Rosenstock@Rolls-Royce.com
www.Rolls-Royce.com
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