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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce    RR.   GB00B63H8491

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Rolls Royce : Trent 1000 ten receives certification

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08/18/2017 | 07:13pm CEST

Friday, 18 August 2017

  • First production engines arrive in Seattle

The Rolls-Royce Trent 1000 TEN, which will power all variants of the Boeing 787 Dreamliner, has been granted full flight certification from the European Aviation Safety Agency (EASA). This important milestone comes as the first set of passenger engines are delivered to the Boeing facilities in Seattle, ready for entry into service later this year.

The Trent 1000 TEN (Thrust, Efficiency and New Technology) incorporates technologies from the Trent XWB and Advance engine programmes to deliver improved thrust and efficiency as well as contributing to the Boeing 787 Dreamliner having half the noise footprint of previous-generation aircraft.

Earlier this year the Trent 1000 engine celebrated a hat trick of firsts when it powered the first flight of the Boeing 787-10 Dreamliner, having powered the first flights of the 787-8 and the 787-9. More recently the Trent 1000 TEN powered an 18 hour test flight during which a Boeing 787-8 Dreamliner test aircraft drew a giant outline of the plane across the United States.

Dave Taylor, Rolls-Royce, Chief Engineer for Trent 1000, said: 'This marks another critical step in our journey towards delivering additional capability and new technology for the Boeing 787 Dreamliner. We would like to thank Boeing and EASA for their dedicated focus in helping us reach this goal and we look forward to the engine entering into service later this year.'

For high-res images please see here: https://www.flickr.com/photos/rolls-royceplc

About Rolls-Royce Holdings plc

  1. 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.
  2. 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.
  3. 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.
  4. 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 £82.7 billion at the end of June 2017.
  5. 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.
  6. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
  7. 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.

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Rolls-Royce Holdings plc published this content on 18 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 August 2017 17:12:03 UTC.

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Financials ( GBP)
Sales 2017 14 477 M
EBIT 2017 906 M
Net income 2017 275 M
Debt 2017 882 M
Yield 2017 1,38%
P/E ratio 2017 23,48
P/E ratio 2018 27,59
EV / Sales 2017 1,21x
EV / Sales 2018 1,18x
Capitalization 16 573 M
Chart ROLLS-ROYCE
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Mean consensus HOLD
Number of Analysts 22
Average target price 8,13  GBP
Spread / Average Target -9,8%
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NameTitle
David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Simon Neil Kirby Chief Operating Officer
Stephen W. Daintith Chief Financial Officer & Director
Paul Stein Chief Technology Officer
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