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Rolls-Royce Holdings PLC (RR.LN), a global power systems company, has won a share of an order from China Southern Airlines for V2500 engines to power 30 Airbus A320 aircraft.
-The contract includes a long-term engine maintenance agreement.
-The value of the contract to Rolls-Royce is over $250 million.
-The V2500 is produced by the International Aero Engines consortium or IAE in which Rolls-Royce is a senior shareholder.
-IAE's other partners are Pratt & Whitney, the Japanese Aero Engines Corporation and MTU Aero Engines.
-The 22,000 - 33,000 pounds thrust V2500 powers the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner.
-Nearly 6,500 V2500 engines are in service or on firm order worldwide.
-Shares at 1414 GMT down 4.0 pence, or 0.7%, at 594.5 pence.
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; firstname.lastname@example.org