Rolls-Royce wins $2.2bn TotalCare® deal from Emirates
Rolls-Royce, the global power systems company, has won a $2.2bn TotalCare® long term services contract from Emirates, covering Trent engines for 70 Airbus A350XWB aircraft. The agreement will bring the airline’s Rolls-Royce powered fleet of 128 aircraft, in service and on order, under TotalCare® arrangements.
Tim Clark, President - Emirates Airline, said: “Emirates’ 70 A350XWB aircraft on order will play an important role in our growth when they come online in the next few years. This TotalCare® contract with Rolls-Royce is an important step in ensuring our A350XWB engine life cycle costs are managed effectively and maintained to the highest standards. Already current users of TotalCare®, we look forward to maintaining this relationship with Rolls-Royce to drive additional operational improvements.”
Mark King, Rolls-Royce, President – Civil Aerospace, said: “We are delighted to sign this contract with Emirates, a valued customer with three Trent engine family members already in service. With this contract all of Emirates’ Rolls-Royce powered fleet are, or will be, supported by TotalCare® packages that add significant value and allow customers to optimise their operations.”
TotalCare® long term service agreements, in place on 90 per cent of all Trent engines, are designed to minimise customer financial risk and enhance operational performance and reliability, allowing operators to concentrate on their core business.
The new TotalCare® contract for Trent XWB engines comes two months after Rolls-Royce won a $1.2bn TotalCare® contract for Trent 700 engines powering 27 Airbus A330s and Trent 800 engines powering 21 Boeing 777s.
1. 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 over £11 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 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.
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