Contracts Worth Total Of $15.1 Billion
It's good to be Rolls-Royce right now. The
company confirmed Friday it secured business worth a total of
$15.1 billion at the Paris Air Show.
On the eve of the show, the company was selected to power the
C-27J transport aircraft for the US armed forces, and also signed
an agreement to develop a new corporate jet engine for Dassault.
During the air show, commitments were announced for 728 engines on
a total of 355 aircraft.
New customers were announced in Latin America and Russia,
joining those from the Middle East, Asia, Europe and America who
also placed orders.
Rolls-Royce provides engines for more than 30 types of civil
aircraft, and its products are in service with 41 of the
world’s top 50 airlines and cargo carriers and 160 armed
forces.
"The breadth and balance of
the portfolio enables Rolls-Royce to develop new products and
services at lower cost and lower risk, and to satisfy a wide range
of customer requirements," said Sir John Rose, Chief Executive of
Rolls-Royce. "We are able to apply advances in technology across
our portfolio, and continuously improve the environmental impact of
our products. Our portfolio also creates a more robust business by
ensuring that the Group is not over-dependent on the success of any
one sector or program. The benefits of this portfolio approach have
been illustrated by the success which Rolls-Royce has enjoyed at
the Paris air show.
Rolls-Royce further broadened its portfolio by
signing an agreement with Dassault Aviation to provide a new engine
for the next-generation Falcon business jet. This is the first time
Rolls-Royce has partnered with Dassault in this sector.
Four versions of the company’s high-thrust Trent engine
series were ordered during the air show by 17 airlines, freight
carriers and leasing companies. Rolls-Royce won commitments for 508
Trent engines on the latest Airbus and Boeing aircraft. The Trent
order backlog has increased by 40 percent as a result of this
week’s announcements, taking commitments for the Trent family
to 3,200 engines, of which over 1,400 have been delivered.
Rolls-Royce now has the biggest market share -- 47 percent -- of
engines for modern widebodied aircraft. The Trent 900 and Trent
1000 hold launch positions on the A380 and Boeing 787 respectively,
while the Trent 500 is the sole engine for latest versions of the
A340. The sixth member of the family, the Trent XWB, is currently
the only engine offered on the new A350 XWB twinjet.
The Trent XWB was the subject of the Group’s largest-ever
single order -- worth $5.6 billion including a long-term TotalCare
aftermarket agreement -- from Qatar Airways. In addition, the A350
XWB received a total of 141 firm orders from five customers during
the show, including Aeroflot, Singapore Airlines and lessors Alafco
and CIT.
Airbus received commitments for 52 aircraft from four additional
customers -- US Airways, Kingfisher, Libyan Airlines and Afriqiyah.
Orders for the A340-500 and –600 from Etihad and Kingfisher
resulted in business for the Trent 500.
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