Press release
14/03/2008
Spirit AeroSystems, Inc. [NYSE: SPR] announced Rolls-Royce as the customer for one of its previously awarded business jet contracts. Spirit has been selected to design and build the nacelle, thrust reverser and engine build up components for the Rolls-Royce BR725 engine; a contract worth in excess of $600 million. Spirit will also support the aforementioned products in the Rolls-Royce Corporate Care Program throughout the life of the airplane. The BR725 is the selected engine for Gulfstream's recently announced G650 business jet.
"Spirit's propulsion expertise makes us a prime choice for product development such as this," said Mike King, Senior Vice President and General Manager of Spirit's Propulsion Segment. "We are thrilled to supply to Rolls-Royce and look forward to continuing our relationship with them."
This propulsion package introduces new technology in the design and manufacture of the thrust reverser including highly integrated composite assemblies which provide significantly enhanced acoustic performance and new door concepts. The technology also offers optimum performance including fuel efficiency and unparalleled reverse thrust.
"Spirit has established itself as a leader in the integration of propulsion systems in the commercial market. This is a great opportunity for us to apply that experience and knowledge to an entirely new market," King said.
Spirit won the contract through a global competitive bid process. The components will be designed and manufactured at the company's Wichita, Kan., facility.