Rolls-Royce (LSE: RR., ADR: RYCEY) today announces it is investing in its assembly, test and shop visit capacity in the UK and Germany to address growing long-term demand for new civil large engines and improve customer aftermarket support services for its global Trent fleet.
As outlined at last year’s Capital Markets Day, Rolls-Royce expects an annual increase of 7 - 9% of Rolls-Royce powered aircraft in service for the remainder of the decade and forecasts engine flying hours to reach 120 - 130% mid-term compared to 2019 levels.
To prepare for this growth, Rolls-Royce is investing £55m and recruiting more than 300 front-line operations roles, split between its operations in Derby, UK, and Dahlewitz, Germany. About half of the investment and about two thirds of the jobs will be created in Derby.
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These investments follow last month’s announcement to invest £1bn in a continuous improvement programme for the Trent engine family.
Rob Watson, President – Civil Aerospace, Rolls-Royce, said:
These latest investment in our engine build and services capacity is further proof of our commitment to deliver both excellent products and services to our global customer base. We are ready to support our continued growth in the widebody market – delivering even greater availability, reliability, and efficiency.”