Rolls-Royce Quarterly News

In the final quarter of 2007, Rolls-Royce continued to expand its global capability, with strong performance in the marine and offshore sectors. The offshore marine business increased the value of its largest contract from Nordcapital to $227m with a further four UT Design deep water anchor handling vessels, incorporating a range of Rolls-Royce marine equipment, worth a total of $105 million. This followed a June 2007 contract worth $121 million for six UT Designs and equipment. The energy business also recorded its largest ever contract, with a $176mTotalCare services agreement with BP for the maintenance of 28 RB211 gas turbines operating onshore and offshore in Azerbaijan. The agreement extends an existing contract until 2016. In addition, the US Navy has renewed its F405 (Adour) engine services contract with Rolls-Royce for the fifth year to provide support for the T-45 training aircraft. The contract is worth $66m. In addition, the US naval architecture and engineering firm Seaworthy Systems Inc., based in Connecticut, with offices in New Jersey, Virginia and California, has been acquired to improve further marine support services.