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

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Rolls-Royce Holding PLC : Rolls-Royce congratulates Gulfstream on GV milestone

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05/15/2012 | 03:32pm CEST
Tuesday, 15 May 2012

Rolls-Royce, the global power systems company, today congratulated Gulfstream on its Gulfstream V (GV) aircraft family achieving one million flying hours. The Rolls-Royce BR710 powers the GV, GV-SP, G500 and G550.

This year also marks the 15th anniversary of the BR710's entry-into-service. More than 1,750 BR710 engines are currently in service and have accumulated more than 4 million flying hours across a range of business jet applications. The engine has established the lowest specific fuel consumption (SFC) levels in its thrust class.

Scott Shannon, Rolls-Royce, Executive Vice President, Customer Business - Civil Small and Medium Engines, said: "We congratulate Gulfstream on this milestone for the GV family, the first aircraft to be powered by our BR710 engine. The GV has delivered outstanding performance and reliability and we are proud to have played our part in its success."

The BR710 offers low noise and excellent emission characteristics, ensuring unrestricted access to airports around the world. The excellent climb performance of the BR710 allows aircraft to reach cruise level faster than commercial airliners, again saving both fuel and time.

The BR710 is a member of the reliable and proven BR700 family of engines which has achieved more than more than 12 million flying hours.

  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 revenues were £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £62.2 billion at 31 December 2011, providing visibility of future levels of activity.
  4. Rolls-Royce employs 40,400 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.
  8. Rolls-Royce leads the global market in engines for corporate aircraft, with a 39 percent value market share. Rolls-Royce Corporate Care®, corporate aviation's most comprehensive engine care program, is available to all BR710 powered corporate aircraft operators.
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Financials ( GBP)
Sales 2017 14 344 M
EBIT 2017 937 M
Net income 2017 492 M
Debt 2017 1 005 M
Yield 2017 1,55%
P/E ratio 2017 32,29
P/E ratio 2018 24,46
EV / Sales 2017 1,11x
EV / Sales 2018 1,08x
Capitalization 14 951 M
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Average target price 6,89  GBP
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David Warren Arthur East Chief Executive Officer & Director
Colin Peter Smith Group President & Director
Ian Edward Lamert Davis Chairman
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David Miles Smith Chief Financial Officer & Director
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