July 11, 2016 - Rolls-Royce has won a $900m order from Virgin Atlantic for Trent XWB engines and TotalCare® long term services for 12 Airbus A350-1000 aircraft.
The order covers engines and TotalCare for twelve aircraft, including for four leased aircraft, with engines already ordered, to be operated by Virgin Atlantic.
The Trent XWB is the world’s most efficient engine flying today, and first powered the A350 XWB into service in January 2015. Assembled in Derby, UK, the Trent XWB is the fastest-selling wide-body engine with more than 1,600 engines sold to 42 customers.
Craig Kreeger, CEO, Virgin Atlantic, said: “The size of this order demonstrates our absolute focus on investing in the future for our customers and our people, and confirms the strength of our business. The A350-1000 plays a pivotal role in our fleet programme, and with the Rolls-Royce Trent XWB engine, it is helping to create one of the youngest, cleanest, greenest fleets in the sky. We’re looking forward to introducing this aircraft to our customers, as its impressive economics, fuel performance, and quiet flying offer an irresistible proposition that makes long haul travel more enjoyable and better for the environment."
Eric Schulz, Rolls-Royce, President - Civil Aerospace, said: “Virgin Atlantic is a great customer which has shown a continued commitment to our Trent engine family and we look forward to the Trent XWB delivering outstanding economics and performance.
“Successes such as the Trent XWB are the result of decades of investment in fundamental technologies, research and development and manufacturing infrastructure to bring world beating products to market. The Trent family of engines benefitted from UK investment in each of these stages including innovations in materials, aerodynamics, noise, control systems and manufacturing technologies.”
UK Prime Minister David Cameron said: “I welcome the news of Virgin Atlantic’s investment. As well as being good news for passengers, it’s great news for jobs in the UK. The fantastic Airbus A350 is built in the UK, with Rolls-Royce engines and suppliers across the country. It’s an investment in the UK itself, and our world-beating aerospace industry.”
Almost half of the value of the Trent XWB engine consists of parts made in the UK by Rolls-Royce and its suppliers. Rolls-Royce manufacturing plants in the UK contributing to the engine are located at Ansty, Barnoldswick, Birmingham, Bristol, Derby, Hucknall, Inchinnan, Nuneaton, Rotherham, Sunderland and Washington.
The A350-1000 aircraft, which will fly for the first time later this year, features a higher thrust version of the engine, the Trent XWB-97, which began flight tests last November.
About Rolls-Royce Holdings plc.
- The order announced today will result in an increase in the Group’s order book of $600m, in accordance with Group accounting policy.
- Rolls-Royce’s vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
- Rolls-Royce has customers in more than 120 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
- We have three common themes across all our businesses:
* Investing in and developing engineering excellence
* Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
* Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
- Annual underlying revenue was £13.4 billion in 2015, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £76.4 billion at the end of 2015.
- In 2015, Rolls-Royce invested £1.2 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce employs over 50,000 people in more than 46 countries. Nearly 15,700 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2015 we employed 228 graduates and 277 apprentices through our worldwide training programmes.