Monday, July 20, 2015

News: Rolls-Royce secure billion dollar contracts

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World-renowned engineers, Rolls-Royce, has won orders worth $2.23 billion (£1.43 billion), buoyed by the continuing demand from aircraft operators in the Middle East.

The announcements, weeks after the company issued a profits warning, its fourth since early last year, include being selected by International AirFinance Corporation (IAFC) to provide Trent 700 engines, worth $930m, for 20 Airbus A330 Regional aircraft. SAUDIA, the national carrier of Saudi Arabia has appointed Rolls-Royce to provide long-term TotalCare engine service support, worth $1.3 billion, for the regional aircraft.

International Airfinance Corporation (IAFC) is a pioneer of innovative Islamic financing solutions to the aviation industry. Saudi Arabian Airlines is the third largest in the Middle East in terms of revenue. It operates domestic and international scheduled flights to over 120 destinations in the Middle East, Africa, Asia, Europe and North America.

The airline will operate the 20 aircraft in addition to the 12 A330s currently in service, also powered by the Trent 700.

Saleh bin Nasser Al-Jasser, director general at Saudi Arabian Airlines, said: "We are pleased to be once again operating the Trent 700 for our latest aircraft. It offers excellent performance and reliability."

Eric Schulz, president – Civil Large Engines at Rolls-Royce, added: "We welcome our customer's continued confidence in the Trent 700 as the best solution for fuel burn, emissions and noise performance as well as delivering unrivalled reliability for Middle East operations."

The Trent 700 is considered the market leader on the A330 with more than 60% of new orders over the last three years. The Trent 700 now accounts for 90% of A330 freighters in service and on order.

More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine.

Last month, Rolls-Royce, said that it was ready to build the first of its new generation Trent 7000 engines, with key parts expected to be manufactured at its £110m Rotherham facility.

The most advanced turbine blade casting facility in the world was officially opened on the Advanced Manufacturing Park (AMP) in Rotherham earlier this year.

When fully operational in 2017, the 150,000 sq ft facility will employ 150 people and have the capacity to manufacture more than 100,000 single crystal turbine blades a year. These blades will feature in a wide-range of Trent aero engines.

Combining previous work developing the Trent 700; the Trent 1000; and the Trent XWB - the world's most efficient large civil engine, the new Trent 7000 will improve specific fuel consumption by 10%; have twice the bypass ratio; and will halve perceived noise.

Rolls-Royce chose to invest in a new facility as it needed more than one location for the production of its HP and IP turbine blades. It selected Rotherham due to the AMP and the close links already forged with the University of Sheffield Advanced Manufacturing Research Centre (AMRC) with Boeing on the site. It was also a condition of the government funded research that a location with a legacy of heavy industry was selected.

Continuing to innovate, the firm is to work with ITP to support a €43m research programme to test Intermediate Pressure (IP) turbine technologies that will go into its future engine design, UltraFan.

Rolls-Royce website

Images: Rolls-Royce

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