23 April 2014
ROLLS-ROYCE AWARDED $39 MILLION TO SERVICE AE 1107C ENGINES FOR US
MARINE CORPS AND US AIR FORCE V-22 AIRCRAFT
Rolls-Royce has been awarded $39 million to support AE 1107C engines for V-22 aircraft operated by the US Marine Corps and Air Force.
The Rolls-Royce MissionCare™ contract, a modification of a prior agreement, includes repairs and support services, with work carried out at Rolls-Royce facilities in Indianapolis, Indiana, and Oakland, California, as well as fleet support at customer bases. The contract for work in 2014-15 was awarded through the Naval Air Systems Command in Patuxent River, Maryland.
Paul Craig, Rolls-Royce, President - Defence Services, said, "We are focused on providing innovative support and helping our customers complete their missions every day. Rolls-Royce is continuously working to improve the AE 1107C engine, increasing both power and reliability for the operator."
The Rolls-Royce AE 1107C turboshaft is part of the AE product family, which has over 5,800 engines in service and has accumulated nearly 60 million flight hours. In addition to a dedicated team of Field Service Representatives, Rolls-Royce also supports the AE 1107C engine fleet through the Defense Operations Center in Indianapolis, providing 24/7 real-time engineering support for V-22 operators.
About Rolls-Royce Holdings plc
1. Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
2. Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc. On 16 April 2014, Rolls-Royce and Daimler announced that they have agreed the valuation of Daimler's 50% equity interest. The transaction is expected to complete within the coming months and is subject to the usual regulatory approvals.
3. Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.
4. Our business is focused on the 4Cs:
· Customer - placing the customer at the heart of our business
· Concentration - deciding where to grow and where not to
· Cost - continually looking to increase efficiency
· Cash - improving financial performance.
5. Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.
6. In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.
7. Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.
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