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Rolls-Royce announces £150m investment in UK aerospace facilities

Rolls-Royce announces £150m investment in UK aerospace facilities

Added to MTDCNC by MTDCNC on 29 June 2017

Rolls-Royce has announced a £150m investment in new and existing civil aerospace facilities in the UK to support the planned doubling of engine production and deliver on the record civil aerospace order book. The investment will be made over the next few years and is part of Rolls-Royce’s ongoing industrial transformation

The majority of the investment, which is in-line with the Group’s ongoing planned expenditure, will provide additional capacity as the company develops and test the next generation of aero engines. The new facility for testing large civil aero engines in Derby bwill be capable of testing a range of engines including the Trent XWB, which powers the Airbus A350 XWB and is the world’s fastest selling civil large engine with over 1,600 on order from 45 customers in 31 countries.

There will also be investment in our large engine Maintenance Repair & Overhaul (MRO) facility in Derby, as well as in the manufacturing facilities in Derby and Hucknall, Nottinghamshire. Rolls Royce has also committed to retaining the Precision Machining Facility (PMF) in Derby, which was previously announced for closure.

A constructive dialogue with senior union representatives in the UK has underpinned the decision to invest in Derby, helping to sustain more than 7,000 Rolls-Royce jobs across the East Midlands and facilitating the ramp-up in engine production.

Eric Schulz, Rolls-Royce, President – Civil Aerospace, said: “This investment comes at a time of unprecedented growth in Rolls-Royce. We are doubling the production of new engines at the same time as introducing three new engines to the market. With this investment, we are creating the capacity and flexibility to deliver on our goals, while committing to sustain employment in the UK and I would like to thank the unions for their support in delivering this important package of investment.”

Business Secretary, Greg Clark MP, said: “This announcement underpins the critical role the UK plays within the global aerospace sector. The UK and Rolls-Royce are known throughout the world as pioneers of advanced engineering technology. I welcome the confidence the company is showing in the UK. This is just the type of investment our modern Industrial Strategy is looking to attract. These new facilities are good news for Rolls-Royce, its UK suppliers and our economy.”

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