Singapore Airlines Awards Rolls-Royce $1.8 Billion Engine Contract

Singapore Airlines has selected Rolls-Royce to supply engines for up to 61 Boeing 777s, with the deal valued at up to $1.8 billion. The contract, announced Tuesday, includes firm orders for engines covering 28 jets, as well as options on engines for 33 more. Rolls-Royce will supply as many as 157 of its Trent engines to the Asian carrier.

Key Takeaways:

• The contract is valued at up to $1.8 billion, with Rolls-Royce supplying engines for up to 61 Boeing 777s.
• The deal includes firm orders for engines covering 28 jets, as well as options on engines for 33 more.
• Rolls-Royce will supply as many as 157 of its Trent engines to Singapore Airlines.
• The airline has taken options on or ordered a total of 61 Boeing 777s, with plans to take delivery of the jets between 1997 and 2004.
• The contract is a significant endorsement of the Trent engine in the competitive Asian marketplace, according to Rolls-Royce spokesman Robert Stangarone.
• The deal came one day after Rolls-Royce won another large contract, a $154 million pact to supply Gulf Air with six jet engines.

Statistics:

• The contract is valued at up to $1.8 billion.
• Rolls-Royce will supply engines for up to 61 Boeing 777s.
• The deal includes firm orders for engines covering 28 jets, as well as options on engines for 33 more.
• Rolls-Royce will supply as many as 157 of its Trent engines to Singapore Airlines.
• The airline has taken options on or ordered a total of 61 Boeing 777s.
• Plans call for Singapore Airlines to take delivery of its new jets between 1997 and 2004.
• News of the contract sent Rolls stock 12.5 pence (19 cents) higher to close at 1.735 pounds ($2.70) on the London Stock Exchange.

Sources:

• "Singapore Airlines Award Rolls-Royce Contract for Engines on 61 Boeing 777s," United Press International
• "Rolls-Royce Wins $154 Million Gulf Air Engine Contract," United Press International