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Rolls-Royce Wins USD86 Million Engine Contract For Dreamliners

July 16, 2014

Alice Attwood

LONDON (Alliance News) - Rolls-Royce Holdings PLC said Wednesday that it has won a USD86 million order from lessor MG Aviation for Trent 1000 engines to power two Boeing 787-9 Dreamliners.

The order adds to the two Trent 1000-powered Boeing 787 Dreamliners that MG Aviation, a division of the Nakash Family conglomerate, already has on order, said Rolls-Royce.

The latest contract win was announced amid a spate of reports during the Farnborough International Airshow this week.

Rolls-Royce said Tuesday that it had won a number of new contracts, including deals with Airbus which will see its Trent 700 engines power five new A330 aircraft that will be leased by Airbus to Kuwait Airways and with United Airlines to extend its TotalCare service support for the lifetime of RB211-535 engines operated by United Airlines on Boeing 757 aircraft.

Also announced Tuesday, the British and French Governments have pledged support of a new Programme Arrangement which allows them to continue design work on engines for the Future Combat Air System, an unmanned combat air vehicle, a move welcomed by the FTSE 100-listed company and French aircraft and engine manufacturer Snecma S.A.

The governments will provide GBP120 million to the six manufacturers teaming up on this project: Dassault Aviation, BAE Systems, Thales, Selex ES, Snecma and Rolls-Royce. The power systems companies are participating through their 50:50 joint venture, Rolls-Royce Snecma Ltd., established in 2001.

With the current two-year Demonstration Programme Preparation Phase to be completed in the coming months, the new agreement signed by the two governments will guide discussions on an upcoming contract for the Feasibility Phase, said Rolls-Royce. The aim of the new phase is to commence more in-depth design studies, backed by the increased funding.

The feasibility phase will enable both companies to expand their design studies based on new propulsion system concepts and technologies for operational aircraft; the companies have previously combined their respective technological expertise and agreed workshare arrangements to meet technical requirements of the propulsion and integrated power system.

Shares in Rolls-Royce were trading 1.86% higher at 1,060.36 pence per share, amongst the big gainers on the FTSE 100.

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Source: Alliance News

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