Rolls-Royce has secured a 15m-dollar project management and integrated propulsion and control systems package with Jacksons Offshore Operators for two offshore support vessels.
The two Guido Perla designed GPA 675J PSVs (Pressure Safety Relief Valves) will be built at BAE System's shipyard in Jacksonville, Florida and will enter into service in 2014. They will be equipped with an integrated Rolls-Royce propulsion system featuring two Azipull propulsion thrusters, tunnel thrusters and a Low-Voltage Active Front.
Anders Almestad, President of Offshore Rolls-Royce, said: "Working on a project like this with Jackson Offshore is a real privilege for Rolls-Royce as it enables us to clearly demonstrate how we are able to deliver value to customers through early and close engagement when designing and commissioning a highly complex integrated systems package."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Lee Jackson, President and Chief Executive Officer of Jackson Offshore Operators, said: "We selected the Rolls-Royce systems package based on several key factors. There are efficiencies gained during the build process through the use of a single source supplier of major ship systems; especially one with great experience in complex ship systems integration.
"Additionally, the operating profile of the vessels with a Low-Voltage Active Front End Diesel Electric Power System and Azipull propulsion thrusters is extremely fuel efficient yielding reduced exhaust emissions as well as economic benefits to our clients."
Rolls-Royce provides power systems and services for use on land, at sea and in the air. In 2011, its annual underlying revenue was £11.3bn, of which more than half came from the provision of services. The firm and announced order book stood at £60.1bn at June 30th, providing visibility of future levels of activity.
Rolls-Royce has a market capitalisation of £16.61bn. At 14:37 on Monday, the price per share was down 0.95% to 888p per share.
MF
-
Who is the richest person in the world?The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
