Rolls Royce : wins $1.5bn Trent XWB order from Ethiopian Airlines

About Rolls-Royce Holdings plc

1. The order announced today will result in an increase in the Group's order book of $1 billion, in accordance with Group policy as set out in our Annual Report 2016. We measure our order book in line with industry practice; however, its value may not be reflective of future revenue. We measure it at our long-term planning exchange rate (LTPR) and list prices and include both firm and announced orders. We only include the revenue from long-term aftermarket contracts that would be recognised in the seven years from the date of announcement.
2. 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.
3. Rolls-Royce has customers in more than 150 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.
4. 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.
5. Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £80 billion at the end of 2016.
6. In 2016, Rolls-Royce invested £1.3 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.
7. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.