Rolls-Royce secures 15m-dollar package with Jacksons Offshore Operators

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.

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."

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

Recommended

How to invest today? Look to the past, not the future
Investment strategy

How to invest today? Look to the past, not the future

The past few years have seen so many changes to our way of life that many people said we had entered a “new normal”. But as it turns out, the new norm…
18 Aug 2022
A new legal headache for Haleon
Stocks and shares

A new legal headache for Haleon

Haleon, GSK’s former consumer-products arm, spun off last month, has made a dismal debut on the stockmarket.
17 Aug 2022
Persimmon yields 12.7%, but can you trust it to deliver?
Share tips

Persimmon yields 12.7%, but can you trust it to deliver?

With a dividend yield of 12.7%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate a com…
17 Aug 2022
Cineworld faces a bleak future – investors should stay away
Share tips

Cineworld faces a bleak future – investors should stay away

Weighed down by crippling debts and with consumers tightening their belts, Cineworld's future does not look bright, says Rupert Hargreaves. Investors …
17 Aug 2022

Most Popular

Investors should get ready for a political revolution
UK Economy

Investors should get ready for a political revolution

Liz Truss will beat Rishi Sunak, cut taxes, and then shake up the Bank of England, says Helen Thomas
15 Aug 2022
How to protect your wealth as inflation hits new record highs
Investment strategy

How to protect your wealth as inflation hits new record highs

UK inflation has hit a new record high of 10.1%. It's going to hurt, says Dominic Frisby. Here's how you can protect your wealth.
17 Aug 2022
Don’t listen to the doom-mongers – the future is bright
Economy

Don’t listen to the doom-mongers – the future is bright

With volatile markets, raging inflation and industrial unrest, it may feel like things are bad and likely to get worse. But the end of the world is no…
15 Aug 2022