ROLLS-ROYCE HOLDINGS PLC: Re Contract
8 January 2013
ROLLS-ROYCE SECURES DESIGN & SYSTEMS INTEGRATION
CONTRACT FROM COSCO
Rolls-Royce, the global power systems company, today announced that it has won a £26 million order to provide an integrated design, power and propulsion and equipment package for four Rolls-Royce UT 771 CDL offshore supply vessels to be built at COSCO (Zhoushan) Shipyard Co. Ltd, in China for a Hong Kong owner. The contract includes options for four additional vessels.
In addition to ship design, Rolls-Royce will deliver an extensive integrated systems package including: a propulsion system, a power electrical system, a bulk handling system, deck machinery, an automation and control system, as well as a dynamic positioning system that uses satellite technology to automatically maintain the vessels' position without anchoring.
This contract is the first time Rolls-Royce has incorporated high speed MTU-engines as part of an integrated power and propulsion package within the successful UT-vessel series.
Anders Almestad, Rolls-Royce, President - Offshore, said: "We are very pleased that COSCO have chosen to come back to us with a new customer. This shows that they have confidence in our integrated systems and ship design capabilities.
"The fact that we met customer needs with two separate, yet complementary offers from Rolls-Royce and MTU highlights the potential of our future collaboration."
The four vessels are scheduled for delivery in 2014. At present COSCO group have four other UT-vessels under construction at the COSCO Guangdong ship yard. More than 170 ship owners world wide have UT-vessels in their fleet.
Notes to Editors:
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 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
3. Annual underlying revenue was £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £60.1 billion at 30 June 2012, providing visibility of future levels of activity.
4. Rolls-Royce employs over 40,000 people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
5. In 2011, Rolls-Royce invested £908 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.
For further information, please contact:
Simon Goodson Director - Investor Relations Rolls-Royce plc Tel: +44 (0)20 7227 9237 email@example.com
Josh Rosenstock Director of External Communications Rolls-Royce plc Tel: +44 (0)20 7227 9163 firstname.lastname@example.org
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