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Re Contract

3rd Feb 2009 07:00

February 3, 2009ROLLS-ROYCE TO POWER V-22 OSPREY AIRCRAFT IN $222 MILLION CONTRACT MODIFICATION

Rolls-Royce today announced a contract modification of $221.7 million with the Naval Air Systems Command (NAVAIR) to provide AE 1107C-Liberty engines and services for the U.S. Marine Corps' MV-22 and the U.S. Air Force's CV-22 Osprey tiltrotor aircraft.

The modification includes 96 engines for delivery in 2010 as well as, Power-By-The-Hour®, for maintenance support. Most of the services work is performed at Marine Corps Air Station New River in North Carolina; Naval Air Station in Patuxent River, Maryland; Kirtland Air Force Base in New Mexico; Hurlburt Field in Florida, with additional work at Indianapolis, Indiana and Amarillo, Texas. Rolls-Royce produces the AE 1107C-Liberty engines at its manufacturing facility in Indianapolis.

Dennis Jarvi, President Defense North America for Rolls-Royce, said: "We are pleased that Rolls-Royce continues to partner with our customer to ensure the success of the V-22 Osprey Program. The AE1107C-Liberty engine was designed to provide maximum maneuverability and performance to the aircraft it powers. To date, it has accumulated more than 75,000 flight hours on the V-22 aircraft, many in harsh environment conditions."

In 2007, Rolls-Royce was awarded a $700 million production contract with NAVAIR which included engines for aircraft installs plus spares, for deliveries through 2013.

The V-22 tiltrotor aircraft, known as the Osprey, takes off like a helicopter and flies like an airplane. Powered by twin Rolls-Royce AE 1107C Liberty engines, V-22s fly at twice the speed, with three times the payload and up to five times the range, of conventional helicopters. The U.S. government approved full-rate production for the aircraft in September 2005.

NOTE TO EDITORS

1. The AE 1107C engine is part of the "common core" AE engine line produced by

Rolls-Royce, and provides more than 6,000 shaft horsepower. The reliable

and proven AE engine line has accumulated more than 25 million flight

hours.

2. Rolls-Royce, the world-leading provider of power systems and services for

use on land, at sea and in the air, operates in four global markets - civil

aerospace, defence aerospace, marine and energy.

3. It continues to invest in core technologies, products, people and

capabilities with the objective of broadening and strengthening the product

portfolio, improving efficiency and enhancing the environmental performance

of its products. These investments create high barriers to entry.

4. The success of its products is demonstrated by rapid and substantial gains

in market share. The company now has a total of 54,000 gas turbines in

service worldwide and they generate a demand for high-value services

throughout their operational lives.

5. Rolls-Royce has a broad customer base comprising 600 airlines, 4,000

corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers including 70 navies, and energy customers in 120 countries. Rolls-Royce is a technology leader, employing 38,000 people in offices, manufacturing and service facilities in 50 countries.

For further information, please contact:

Mark AlflattDirector of Financial CommunicationsTel: +44 (0)20 7227 9307mark.alflatt@rolls-royce.comNicky Louth-DaviesDirector of Corporate CommunicationsTel: +44 (0)20 7227 9232nicky.louth-davies@rolls-royce.com

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