Rolls-Royce Holdings plc Statement Re: Press Speculation
January 15 2018 - 2:30AM
Dow Jones News
TIDMRR.
RNS Number : 8064B
Rolls-Royce Holdings plc
15 January 2018
15 January 2018
STATEMENT RE: PRESS SPECULATION
Rolls-Royce notes the recent media speculation and confirms that
it is reviewing its strategic options for L'Orange.
Irrespective of the outcome of this review, Rolls-Royce intends
to maintain close ties to L'Orange, either as an owner or as a key
customer.
This review has no impact on the remainder of the Rolls-Royce
Power Systems business and any decision about the future of
L'Orange would be subject to the approval of the Supervisory Board
of Rolls-Royce Power Systems.
A further announcement will be made as appropriate.
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 GBP13.8 billion in 2016, around
half of which came from the provision of aftermarket services. The
firm and announced order book stood at GBP82.7 billion at the end
of June 2017.
5. In 2016, Rolls-Royce invested GBP1.3 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.
For further information, please contact:
Investors:
Jennifer Ramsey
+44 7825 903206
jennifer.ramsey@rolls-royce.com
Helen Harman
+44 7968 906645
helen.harman@rolls-royce.com
Ross Hawley
+44 7920 822534
ross.hawley@rolls-royce.com
Media:
Richard Wray
+44 7810 850055
richard.wray@rolls-royce.com
www.Rolls-Royce.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 15, 2018 02:15 ET (07:15 GMT)
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