Aerospace and Defense
Company Overview of Rolls-Royce plc
Rolls-Royce plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. It operates through two divisions, Aerospace and Land & Sea. The Aerospace division develops, manufactures, markets, and sells commercial and military aero engines, and aftermarket services. The Land & Sea division develops, manufactures, markets, and sells diesel engines and power systems; and marine-power propulsion systems and aftermarket services. This division also develops, manufactures, markets, and sells nuclear system for civil power generation and naval propulsion systems, and power systems for the offshore oil and gas industry. Rolls-Royce plc is based in...
65 Buckingham Gate
London, SW1E 6AT
Key Executives for Rolls-Royce plc
Chief Executive Officer and Director
Chief Financial Officer and Director
Chair of Rolls-Royce North America, Chief Executive Officer of Rolls-Royce North America and President of Rolls-Royce North America
Compensation as of Fiscal Year 2015.
Rolls-Royce plc Key Developments
Rolls-Royce plc Unveils New MTU Yacht Propulsion Systems and Automation Products
Sep 28 15
Rolls-Royce plc has unveiled the new MTU propulsion systems and automation products for yachts and the Premium Yacht Service, a customer service and support program. The new bridge components will be on the market from spring 2016. MTU will also have a model of the advanced-design Series 2000 engine on show, which also incorporates a ZF gearbox. In the Premium Yacht Service Lounge visitors will be able to find out about the new customer service and support programme. The MTU brand is part of Rolls-Royce Power Systems within the Land & Sea division of Rolls-Royce. In the Series 2000 M96, MTU has its latest yacht engine technology on show. This power unit follows on from a long tradition of reliable and efficient high-perforÂmance yacht engines from MTU. The new design is distinguished by improved acceleration capabilities and economical fuel consumption, and meets the EPA Tier 3 exhaust emission standard for leisure craft. It is available as a 12-cylinder or 16-cylinder version with power ratings from 1,268 kW to 1,939 kW. With an entirely new design concept for control lever, digital touch displays, control panels and analogue display instruments featuring unified and distinctive styling, MTU has responded to the increasingly exacting aspirations of yacht buyers. The components have been redesigned in collaboration with top Italian designer Pininfarina. The new bridge components will be available to shipbuilders for use in standard production models from spring 2016, enabling them to retain a modular system while also offering clients a stylish control-stand concept. The components can be installed in any control desk and can be combined with the MTU Blue Vision New Generation automation system. MTU supplies yacht propulsion systems and complete system engineering solutions from a single source. Shipyards are frequently supplied with an engine and gearbox system with optimised interfaces that is fully monitored and controlled by an MTU automation system. For standard production yachts, MTU offers not only main propulsion units and gearboxes with outputs ranging from 261 to 4,300 kW, but also gensets for on-board power supply with ratings up to 280 kW, and emergency power generators. The MTU Premium Yacht Service is a perfect fit for the demands of discerning customers. The service and support package includes all MTU ValueCare products and can be precisely tailored to the individual client's wishes. MTU thus offers clients in the luxury yacht sector an expanded global support service for the full life of the engine. World-wide, all owners of yachts with MTU engines can benefit from the new extended warranty of up to eleven years and individually customisable maintenance contracts. The Customer Assistance Centre guarantees rapid availability anywhere in the world 24 hours a day, 7 days a week. Visitors to the show can find out all about the numerous specially co-ordinated customer service and support options in the Premium Yacht Service Lounge.
Rolls Royce plc Announces Changes in CEO, Effective July 2015
Apr 30 15
Institution of Engineering and Technology Vice President Warren East has been named the new CEO of Rolls-Royce, replacing current chief John Rishton after a year of falling profits. East has served as Rolls-Royce's non-executive director since January last year. Previously, he was the CEO of ARM, between 2001 and 2013. East will take on the responsibility at Rolls-Royce in July 2015 after the retirement of his predecessor Rishton. East will face the difficult task of steering the company through an uneasy period, which has seen the jet-engine maker's profits fall due to the shrinking defence budgets of western countries. Rolls-Royce's business has also suffered from oil price crises, which have affected many of its customers in the gas and marine sector. 57-year-old Rishton is stepping down after 14 years as Rolls-Royce's CEO. He led the firm through a decade of economic growth, which ended last year with the announcement that the firm's profits could fall by up to 13%. Although the company admitted there were concerns among shareholders about the situation, Rishton's decision to retire was said to be completely voluntary.
Rolls Royce plc Announces Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 13 15
Rolls Royce plc announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of £13,736 million, operating profit of £1,390 million, profit before taxation of £146 million, loss for the year from continuing operations of £5 million, profit attributable to ordinary shareholders of £148 million, net cash inflow from operating activities of £826 million, additions of intangible assets of £477 million, purchases of property, plant and equipment of £648 million compared to the revenue of £14,642 million, operating profit of £1,480 million, profit before taxation of £1,960 million, profit for the year from continuing operations of £1,583 million, profit attributable to ordinary shareholders of £1,627 million, net cash inflow from operating activities of £1,713 million, additions of intangible assets of £503 million, purchases of property, plant and equipment of £669 million for the previous year.
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