Parker Aerospace companies are supplying a wide range of systems and components to airframes that range from the Airbus A380 and Boeing 787 airliners to the unmanned combat aircraft, including the first inert gas generating system (IGGS) for an Airbus aircraft.
Rolls-Royce is seeking to add the Middle and Far East to its rapidly growing military engines support portfolio, and says significant deals are likely to be forged “in the medium term.”
Not content to sit back and enjoy its Trent engines successes over the last two years, Rolls-Royce has kicked off its sales campaign to power the new Airbus A350 with optimistic forecasts despite launching the engine almost a year later than its competitor, General Electric.
Rolls-Royce has completed its first run of its Trent 1000, the engine competing with General Electric’s GEnx to power the Boeing 787.
No problems were encountered during the test, although the engine departs from tradition in being designed with a mechanical offtake for electrical power.
International Lease Finance Corporation has selected Rolls-Royce Trent 1000 engines worth a potential $600 million to power up to 20 Boeing 787s from 2010. Lessees of the aircraft will be offered comprehensive “lifetime” TotalCare engine service-support agreements. Another U.S. leasing firm, Pegasus Aviation Finance Co., has acquired six Trent-powered 787s.
Airbus’ confirmation that it is to go ahead with the A350 XWB, requiring much higher thrust engines than the original A350, has put the cat among the pigeons in the U.S. engine industry, with General Electric and Pratt & Whitney apparently poles apart on what they will offer.
After celebrating a bumper year in 2005, Rolls-Royce is pushing ahead with a huge program of reorganization to capitalize on its increasingly strong global position and secure its long-term stability.
Rolls-Royce forecasts that 51,000 engines, valued at $70 billion, are needed over the next 20 years to meet demand for 24,000 new corporate jets, from very light jets through business jetliners. “Demand is being fueled by the business community’s increasing recognition of the value of using business jets as a productivity tool,” the turbofan engine manufacturer said.
Continued vigorous growth in business jet deliveries, particularly among midsize and large jets, will generate $70 billion worth of revenue for the engine industry over the next 20 years, according to a new market forecast released by Rolls-Royce here at the show.
Honeywell Aerospace and Rolls-Royce each expects the world’s business jet OEMs to set a new delivery record next year and establish a strong precedent for a 10-year forecast period during which Honeywell believes the industry will ship more than 12,000 airplanes worth $195 billion.