Search
Regulatory Story
Company Rolls-Royce Holdings plc
TIDM RR.
Headline TRENT 1000 UPDATE
Released 07:00 20-Sep-2019
Number 0383N07

RNS Number : 0383N
Rolls-Royce Holdings plc
20 September 2019
 

20 September 2019

TRENT 1000 UPDATE

 

On 6 August 2019, with our Half Year Results, we cautioned that the rate of recovery in Trent 1000 Aircraft On Ground (AOG) this year was likely to be slower than our original plans, due to the additional Maintenance Repair & Overhaul (MRO) load resulting from faster deterioration of the high pressure turbine (HPT) blade on the Trent 1000 TEN. This has remained a challenge.

 

Since then, we have also taken a proactive decision to accelerate intermediate pressure turbine (IPT) blade replacement for the limited number of Package B and C engines yet to be fitted with the final standard of IPT blade. This has led to additional engine removals. As a result, though we continue to work on further increasing our MRO capacity, these challenges mean that we now expect the return to single-digit level of AOGs on the Trent 1000 to be delayed until Q2 2020. We deeply regret the additional disruption that this will cause our customers and we continue to work closely with them to minimise the impact on their operations.

 

Our guidance for the cash costs of the Trent 1000 Package B and C in-service issues in 2019 and 2020 remains as announced on 6 August 2019.

 

 

About Rolls-Royce Holdings plc

 

1.   Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.

 

2.   Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.

 

3.   Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.

 

4.   In 2018, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

 

5.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

 

 

 

 

 

 

 

 

For further information, please contact:

 

Investors:
 
Jennifer Ramsey
Head of Investor Relations

Rolls-Royce plc

Tel +44 (0) 20 7227 9087

+44 (0) 7825 903206

jennifer.ramsey@rolls-royce.com

 

Peter Lapthorn
Investor Relations Manager

Rolls-Royce plc

Tel +44 (0) 20 7227 9079

+44 (0) 7717 811069

peter.lapthorn@rolls-royce.com

 

Media:
 
Richard Wray
Director of External Communications & Brand

Rolls-Royce plc

Tel +44 (0) 20 7227 9163

+44 (0) 7974 918416

richard.wray@rolls-royce.com

 

Daisy Omissi
VP External Communications - Civil Aerospace

Rolls-Royce plc

Tel +44 (0) 7500 990583

daisy.omissi@rolls-royce.com

 

www.Rolls-Royce.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDGGUMWBUPBPUB
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.