Rolls-Royce wins 2.6bn dollar order

Rolls-Royce, the FTSE-100 global power systems company, has won an order for its Trent engines from Singapore Airlines worth a whopping 2.6bn dollars at list prices.

The order, for engines to power 20 Airbus A350-900 and five Airbus A380 aircraft, also includes Rolls' long-term service support product called TotalCare.

Singapore Airlines is a significant customer for Rolls-Royce. It currently operates 19 Airbus A380s powered by Trent 900 engines and 19 Airbus A330s powered by Trent 700 engines.

The order for 20 A350-900 aircraft follows Singapore Airlines' June 2007 order of 20 Airbus A350-900 aircraft, taking the total order to 40 A350 aircraft to be powered by Trent XWB engines.

Consensus estimates for the full year, ending December 31st, are for pre-tax profits of £1.41bn on revenues of £12.40bn.

CM