DOCSLIB.ORG

Rolls-Royce Holdings Plc Annual Report 2012 Annual Report Plc Holdings Rolls-Royce Rolls-Royce Holdings Plc Annual Report 2012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Rolls-Royce Holdings Plc Annual Report 2012 Annual Report Plc Holdings Rolls-Royce Rolls-Royce Holdings Plc Annual Report 2012 Rolls-Royce Holdings plc report annual 2012 Rolls-Royce Holdings plc annual report 2012 ® ® © Rolls-Royce plc 2013 Rolls-Royce Holdings plc Registered office: 65 Buckingham Gate London SW1E 6AT T +44 (0)20 7222 9020 www.rolls-royce.com Company number 7524813 133 Glossary Business review ABC Anti-bribery and corruption IFRS International Financial Reporting Standards Introduction 01 ACARE Advisory Council for Aviation Research and ISO International Standards Organisation Group at a glance 02 Innovation in Europe LDI Liability-driven investment Chairman’s statement 04 ADR American Depositary Receipts Programme LIBOR London Inter-Bank Offered Rate Chief Executive’s review 06 AEBS All-Employee Bonus Scheme LLP Limited Liability Partnership Values, vision and strategy 08 AGM Annual general meeting LTSA Long-Term Service Agreement Future opportunity 10 ANA All Nippon Airways LNG Liquefied Natural Gas Chief Financial Officer’s review 12 APB Auditing Practices Board MoD UK Ministry of Defence Key performance indicators 16 APRA Annual Performance Related Award plan MW Megawatt Principal risks and uncertainties 18 BIS Department for Business, Innovation and Skills NCI Non-controlling interest Civil aerospace 20 CAD Canadian dollar NO Nitrogen oxides Defence aerospace 22 X CBE Commander of the Most Excellent Order of the British Empire OCI Other comprehensive income Marine 24 Energy 26 CDP Carbon Disclosure Project OE Original Equipment Excellence in technology 28 CGU Cash-generating unit OECD Organisation for Economic Cooperation and Development Excellence in operations 30 CO2 Carbon dioxide Sustainability 32 CO2e Carbon dioxide equivalent OHSAS Occupational Health and Safety Advisory Services Additional financial information 37 CPS Cash flow per share OTC Over-the-counter CRIP C Share Reinvestment Plan PAC Political Action Committee Governance DJSI Dow Jones Sustainability World and European Indexes PLC Public Limited Company Chairman’s introduction 39 DoD US Department of Defense PSP Performance Share Plan Board of directors 40 EMIR European Market Infrastructure Regulation R&D Research and development International Advisory Board (IAB) 42 EPS Earnings per ordinary share RCF Revolving credit facility The Group Leadership Team (GLT) 42 ESOP Executive Share Option Plan REACH Registration, Evaluation and Authorisation of Chemicals Corporate governance report 43 EU European Union Registrar Computershare Investor Services PLC Audit committee report 47 FAA Federal Aviation Administration RRNA Rolls-Royce North America Nomination committee report 49 Frc Financial Risk Committee RRSPs Risk and Revenue Sharing Partnerships Ethics committee report 50 FRC Financial Reporting Council RSUs Restricted stock units Risk committee report 52 FSA Financial Services Authority SCRIA Supply Chain Relationships in Aerospace Safety committee report 53 Remuneration committee report 54 GBP Great British pound or pound sterling SDSR Strategic Defence and Security Review Directors’ remuneration report 57 GDP Gross Domestic Product SFO Serious Fraud Office Shareholders and share capital 68 GHG Greenhouse gas SIP Share Incentive Plan Other statutory information 70 GLT Group Leadership Team SRN Shareholder Reference Number HS&E Health, Safety and Environment STEM Science, Technology, Engineering and Mathematics Financial statements I&C Instrumentation and control STOVL Short take-off and vertical landing Contents 73 IAB International Advisory Board TRI Total reportable injuries IAE IAE International Aero Engines AG TSR Total Shareholder Return Other information IAS International Accounting Standards UAV Unmanned aerial vehicle Subsidiaries, jointly controlled IASB International Accounting Standards Board UK GAAP UK Generally Accepted Accounting Practices entities and associates 126 IFRIC International Financial Reporting Interpretations Committee USD United States dollar Independent Auditor’s report 129 Group five-year review 130 Shareholder information 131 Glossary 133 Directors’ report The directors’ report which includes the Business review is set out on pages 1 to 72. Forward-looking statements This annual report contains forward-looking statements. Any statements that express forecasts, expectations and projections are not guarantees of future performance and will not be updated. By their nature, these statements involve risk and uncertainty, and a number of factors could cause material differences to the actual results or developments. Designed and produced by Printed in the UK by PurePrint using their This report is intended to provide information to CONRAN DESIGN GROUP and environmental printing technology, using shareholders, is not designed to be relied upon by any other vegetable inks throughout. PurePrint is a CarbonNeutral® party, or for any other purpose and the Company and its The paper used in the report contains 75% recycled company. Both the paper manufacturing mill and the printer directors accept no liability to any other person other than content, of which 75% is de-inked post-consumer. are registered to the Environmental Management System under English law. All of the pulp is bleached using an elemental chlorine ISO 14001 and are Forest Stewardship Council® (FSC) free process (ECF). chain-of-custody certified. Cover: In February 2012, we celebrated the opening of our new manufacturing and assembly facility in Singapore for large civil aero engines. Image courtesy of: Bob Lee Keng Siang Introduction “In the full year, underlying profits increased for the tenth consecutive year. We have established this record of consistent delivery while continuing to invest in people, technology and facilities.” John Rishton, Chief Executive Rolls-Royce is a global company, providing integrated power solutions for customers in civil and defence aerospace, marine and energy markets. We support our customers through a worldwide network of offices, manufacturing and service facilities. 2012 2011 % change Order book – firm and announced £60,146m £57,630m** +4% Underlying revenue* £12,209m £11,277m +8% Profit before financing £2,072m £1,189m +74% Underlying profit before tax* £1,429m £1,157m +24% Underlying earnings per ordinary share* 59.27p 48.54p +22% Payments to shareholders 19.5p 17.50p +11% * See explanation in note 2 on page 86 ** Restated 2011 year-end data excluding International Aero Engines (IAE) order book of £4,571 million 2 Business review Group at a glance The priorities of the Group remain: deliver on the promises we have made; decide where to grow and where not to; and improve financial performance. Civil aerospace Defence aerospace £6,437m £727m £2,417m £404m Underlying revenue 2012 Underlying profit 2012 Underlying revenue 2012 Underlying profit 2012 Trent XWB achieved certification Over US$1 billion in contracts from US DoD and UK MoD Trent 1000-TEN introduced US$315 million contract for F-35B STOVL LiftSystems™ BR725 enters service and IAE restructure completed Adour engines ordered by Royal Saudi Air Force for Hawks The Civil aerospace business is a major manufacturer of Rolls-Royce is the second largest provider of defence aero engines for the airline and corporate jet market. aero-engine products and services globally with 18,000 Rolls-Royce powers more than 30 types of commercial engines in service with 160 customers in 103 countries. aircraft and over 12,500 engines are in service with customers around the world. Revenue mix Revenue mix 46% OE revenue 46% OE revenue 54% Services revenue 49% Services revenue 5% Development R olls-Royce Holdings plc annual report 2012 3 Business review Group overview 2012 2012 revenue by business segment • The order book increased to £60.1 billion, 53% Civil aerospace up four per cent, adjusted for the IAE disposal. 20% Defence aerospace Order intake was £16.1 billion in the year. 8% Energy Business review • Underlying revenue increased eight per cent to 18% Marine £12.2 billion, including 12 per cent growth in 1% Engine Holding original equipment (OE) revenue and five per cent growth in underlying services revenue. • Underlying services revenue increased in all four business segments: Civil, Defence, Marine and Energy and, in Engine Holding. • Underlying profit before tax increased 24 per cent to £1,429 million reflecting revenue growth, revenue mix, unit cost reduction, a contribution from Tognum and IAE restructuring. Marine Energy £2,249m £294m £962m £21m Underlying revenue 2012 Underlying profit 2012 Underlying revenue 2012 Underlying profit 2012 £147 million orders from Brazil for drill ships and Six RB211s ordered by PetroChina for pipeline project offshore vessels Services grew and investment 24/7 support MT7 chosen to power US Navy future hovercraft desk completed £1.1 billion order for UK naval nuclear reactor Nuclear agreements signed with AREVA and Hitachi core programme With over 4,800 gas turbines sold, and more than Rolls-Royce has a world-leading range of capabilities in 130 million hours of operating experience gained, the marine market, encompassing the design, supply and our Energy business plays a critical role in supporting support of power and propulsion systems. We provide global infrastructure. Our technology powers offshore comprehensive through-life support from a global platforms, transports oil and gas through pipelines and network of service facilities. generates dependable electricity. Revenue mix Revenue mix 57% OE revenue 36% OE revenue 43% Services revenue 64% Services revenue R olls-Royce Holdings plc annual report 2012 4 Business review Chairman’s statement The Trent
Load more

Recommended publications
  • Robust Gas Turbine and Airframe System Design in Light of Uncertain
    Robust Gas Turbine and Airframe System Design in Light of Uncertain Fuel and CO2 Prices Stephan Langmaak1, James Scanlan2, and András Sóbester3 University of Southampton, Southampton, SO16 7QF, United Kingdom This paper presents a study that numerically investigated which cruise speed the next generation of short-haul aircraft with 150 seats should y at and whether a con- ventional two- or three-shaft turbofan, a geared turbofan, a turboprop, or an open rotor should be employed in order to make the aircraft's direct operating cost robust to uncertain fuel and carbon (CO2) prices in the Year 2030, taking the aircraft pro- ductivity, the passenger value of time, and the modal shift into account. To answer this question, an optimization loop was set up in MATLAB consisting of nine modules covering gas turbine and airframe design and performance, ight and aircraft eet sim- ulation, operating cost, and optimization. If the passenger value of time is included, the most robust aircraft design is powered by geared turbofan engines and cruises at Mach 0.80. If the value of time is ignored, however, then a turboprop aircraft ying at Mach 0.70 is the optimum solution. This demonstrates that the most fuel-ecient option, the open rotor, is not automatically the most cost-ecient solution because of the relatively high engine and airframe costs. 1 Research Engineer, Computational Engineering and Design 2 Professor of Aerospace Design, Computational Engineering and Design, AIAA member 3 Associate Professor in Aircraft Engineering, Computational Engineering and Design, AIAA member 1 I. Introduction A. Background IT takes around 5 years to develop a gas turbine engine, which then usually remains in pro- duction for more than two decades [1, 2].
    [Show full text]
  • Low Temperature Environment Operations of Turboengines
    0 Qo B n Y n 1c AGARD 2 ADVISORY GROUP FOR AEROSPACE RESEARCH & DEVELOPMENT 3 7 RUE ANCELLE 92200 NEUILLY SUR SEINE FRANCE AGARD CONFERENCE PROCEEDINGS 480 Low Temperature Environment Operations of Turboengines (Design and User's Problems) Fonctionnement des Turborkacteurs en Environnement Basse Tempkrature (Problkmes Pos& aux Concepteurs et aux Utilisateurs) processed I /by 'IMs ..................signed-...............date .............. NOT FOR DESTRUCTION - NORTH ATLANTIC TREATY ORGANIZATION I Distribution and Availability on Back Cover AGARD-CP-480 --I- ADVISORY GROUP FOR AEROSPACE RESEARCH & DEVELOPMENT 7 RUE ANCELLE 92200 NEUILLY SUR SEINE FRANCE AGARD CONFERENCE PROCEEDINGS 480 Low Temperature Environment Operations of Turboengines (Design and User's Problems) Fonctionnement des TurborLacteurs en Environnement Basse Tempkrature (Problkmes PoSes aux Concepteurs et aux Utilisateurs) Papers presented at the Propulsion and Energetics Panel 76th Symposium held in Brussels, Belgium, 8th-12th October 1990. - North Atlantic Treaty Organization --q Organisation du Traite de I'Atlantique Nord I The Mission of AGARD According to its Chartcr, the mission of AGARD is to bring together the leading personalities of the NATO nations in the fields of science and technology relating to aerospace for the following purposes: -Recommending effective ways for the member nations to use their research and development capabilities for the common benefit of the NATO community; - Providing scientific and technical advice and assistance to the Military Committee
    [Show full text]
  • Comparison of Helicopter Turboshaft Engines
    Comparison of Helicopter Turboshaft Engines John Schenderlein1, and Tyler Clayton2 University of Colorado, Boulder, CO, 80304 Although they garnish less attention than their flashy jet cousins, turboshaft engines hold a specialized niche in the aviation industry. Built to be compact, efficient, and powerful, turboshafts have made modern helicopters and the feats they accomplish possible. First implemented in the 1950s, turboshaft geometry has gone largely unchanged, but advances in materials and axial flow technology have continued to drive higher power and efficiency from today's turboshafts. Similarly to the turbojet and fan industry, there are only a handful of big players in the market. The usual suspects - Pratt & Whitney, General Electric, and Rolls-Royce - have taken over most of the industry, but lesser known companies like Lycoming and Turbomeca still hold a footing in the Turboshaft world. Nomenclature shp = Shaft Horsepower SFC = Specific Fuel Consumption FPT = Free Power Turbine HPT = High Power Turbine Introduction & Background Turboshaft engines are very similar to a turboprop engine; in fact many turboshaft engines were created by modifying existing turboprop engines to fit the needs of the rotorcraft they propel. The most common use of turboshaft engines is in scenarios where high power and reliability are required within a small envelope of requirements for size and weight. Most helicopter, marine, and auxiliary power units applications take advantage of turboshaft configurations. In fact, the turboshaft plays a workhorse role in the aviation industry as much as it is does for industrial power generation. While conventional turbine jet propulsion is achieved through thrust generated by a hot and fast exhaust stream, turboshaft engines creates shaft power that drives one or more rotors on the vehicle.
    [Show full text]
  • Rolls-Royce / Itp Regulation
    EUROPEAN COMMISSION DG Competition Case M.8242 - ROLLS-ROYCE / ITP Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) in conjunction with Art 6(2) Date: 19/04/2017 In electronic form on the EUR-Lex website under document number 32017M8242 EUROPEAN COMMISSION Brussels, 19.04.2017 C(2017) 2613 final In the published version of this decision, some information has been omitted pursuant to Article PUBLIC VERSION 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. To the notifying party: Subject: Case M.8242 – Rolls-Royce / ITP Commission decision pursuant to Article 6(1)(b) in conjunction with Article 6(2) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 24 February 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Rolls-Royce Holdings plc ("Rolls-Royce", United Kingdom) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Industria de Turbo Propulsores SA ("ITP", Spain) by way of a purchase of shares (the "Transaction").3 Rolls-Royce is designated hereinafter as the "Notifying Party", and Rolls-Royce and ITP are together referred to as the "Parties". 1 OJ L 24, 29.1.2004, p.
    [Show full text]
  • NPA 2018-13 Table of Contents
    European Aviation Safety Agency Notice of Proposed Amendment 2018-13 Appendix I to AMC to Annex III (Part-66) Aircraft type ratings for Part-66 aircraft maintenance licences RMT.0541 (66.024) EXECUTIVE SUMMARY This Notice of Proposed Amendment (NPA) addresses a regulatory coordination issue related to aircraft type ratings. According to the AMC to Annex III (Part-66), type ratings should be endorsed on an aircraft maintenance licence (AML) in accordance with Appendix I to AMC to Part-66 ‘List of type ratings’. An NPA is issued regularly to amend this list, after assessing feedback received from the industry, and to add new aircraft types or to remove aircraft types whose type certificate (TC) has been revoked or surrendered. This NPA adds also the tables of the new Group as a consequence of the introduction of the ‘L’ licence subcategories by Commission Regulation (EU) 2018/1142. The main objective is to ensure a common standard throughout the Member States. Action area: Regular updates/review of rules Affected rules: AMC/GM to Annex III (Part-66) to Commission Regulation (EU) No 1321/2014 Affected stakeholders: Maintenance certifying staff; maintenance training organisations; maintenance organisations; competent authorities Driver: Efficiency/proportionality Rulemaking group: No Impact assessment: None Rulemaking Procedure: Standard 12.5.2009 5.12.2018 2019/Q2 TE.RPRO.00034-008 © European Aviation Safety Agency. All rights reserved. ISO 9001 certified. Proprietary document. Copies are not controlled. Confirm revision status through the EASA intranet/internet. Page 1 of 186 An agency of the European Union European Aviation Safety Agency NPA 2018-13 Table of contents Table of contents 1.
    [Show full text]
  • International Aero Engines V2500-A1, V2522-A5
    Federal Register / Vol. 75, No. 225 / Tuesday, November 23, 2010 / Proposed Rules 71373 under the criteria of the Regulatory (i) For TAE 125–01 engines, Operation & DEPARTMENT OF TRANSPORTATION Flexibility Act. Maintenance Manual OM–01–02, Issue 3, We prepared a regulatory evaluation Revision 13. Federal Aviation Administration of the estimated costs to comply with (ii) For TAE 125–02–99 and TAE 125–02– this proposed AD and placed it in the 114 engines, Operation & Maintenance 14 CFR Part 39 AD docket. Manual OM–02–02, Issue 1, Revision 10. [Docket No. FAA–2010–0494; Directorate List of Subjects in 14 CFR Part 39 Prohibition of FADEC Software Earlier Identifier 2010–NE–20–AD] Versions Air transportation, Aircraft, Aviation (f) Once FADEC software version 2.91 is RIN 2120–AA64 safety, Safety. installed, do not install any earlier version of Airworthiness Directives; International FADEC software. The Proposed Amendment Aero Engines V2500–A1, V2522–A5, Accordingly, under the authority FAA AD Differences V2524–A5, V2525–D5, V2527–A5, delegated to me by the Administrator, (g) EASA AD 2010–0137 permits V2527E–A5, V2527M–A5, V2528–D5, the FAA proposes to amend 14 CFR part installation of earlier FADEC software V2530–A5, and V2533–A5 Turbofan 39 as follows: versions, once version 2.91 is installed. This Engines AD does not. AGENCY: Federal Aviation PART 39—AIRWORTHINESS (h) EASA AD 2010–0137 requires Administration (FAA), DOT. DIRECTIVES compliance within 110 flight hours after the effective date of the AD or during next ACTION: Notice of proposed rulemaking 1. The authority citation for part 39 maintenance, whichever occurs first, but no (NPRM).
    [Show full text]
  • Teamwork and Technology
    Rolls-Royce Group plc plc Group Rolls-Royce TeAmwork And Technology Rolls-Royce Group plc Annual report 2010 report Annual Annual report 2010 © Rolls-Royce plc 2011 Rolls-Royce Group plc Registered office: 65 Buckingham Gate London SW1E 6AT T +44 (0)20 7222 9020 www.rolls-royce.com Company number 4706930 Trusted to deliver excellence BUSIneSS reVIEW goVernAnce Directors’ report responsibility or liability is expressly The directors present the Annual disclaimed. This Annual report 01 Introduction and 56 Chairman’s introduction report for the year ended december contains certain forward-looking highlights 56 Board of directors 31, 2010 which includes the business statements. These forward-looking review, governance report and statements can be identified by the 02 Chairman’s statement 58 The Group Executive audited financial statements for the fact that they do not relate only to 04 Chief Executive’s review 58 The International year. references to ‘rolls-royce’, the historical or current facts. In 08 Our consistent strategy Advisory Board ‘group’, the ‘company’, ‘we’, or ‘our’ are particular, all statements that express to rolls-royce group plc and/or its forecasts, expectations and 20 Market outlook 59 Governance structure subsidiaries, or any of them as the projections with respect to future 22 Key performance 62 Audit committee report context may require. Pages 01 to 82, matters, including trends in results of indicators 63 Nominations committee inclusive, of this Annual report operations, margins, growth rates, comprise a directors’
    [Show full text]
  • ISSEK HSE) Role of Big Data Augmented Horizon Scanning in Strategic and Marketing Analytics
    National Research University Higher School of Economics Institute for Statistical Studies and Economics of Knowledge Big Data Augmented Horizon Scanning: Combination of Quantitative and Qualitative Methods for Strategic and Marketing Analytics [email protected] [email protected] XIX April International Academic Conference on Economic and Social Development Moscow, 11 April 2018 Outline - Role of artificial intelligence and big data in modern analytics - System of Intelligent Foresight Analytics iFORA - Combined quantitative and qualitative analysis methodology and software solutions - Use cases - Conclusion and discussion 2 Growing interest in Artificial Intelligence, Big Data and Machine Learning International analytical reports & news feed 12000 10000 8000 Artificial Intelligence 6000 Big Data Machine Learning 4000 2000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Russian analytical reports & news feed 800 700 600 500 Artificial Intelligence 400 Big Data 300 Machine Learning 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 3 Source: System of Intelligent Foresight Analytics iFORA™ (ISSEK HSE) Role of Big Data Augmented Horizon Scanning in Strategic and Marketing Analytics AI-related tasks Tracking latest and challenges trends, technologies, drivers, barriers Market forecasting Trend analysis Understanding S&T modern skills and Instruments for Customers Market Intelligence competences analysis feedback knowledge discovery HR policy Vacancy Feedback mining
    [Show full text]
  • Incorporated in Great Britain
    Incorporated in Great Britain Aerospace businesses Rolls E.L. Turbofans Limited FJ44 engine support services/holding company Industrial businesses Allen Power Engineering Limited 1 Diesel engines Clarke Chapman Limited 1 Cranes and mechanical handling equipment Cochran Boilers Limited 1 Shell boilers Derby Specialist Fabrications Limited 1 High integrity pressure vessels and fabrications Rolls-Royce Industrial Power (India) Limited 2 Power station construction Rolls-Royce Marine Power Operations Limited Nuclear submarine propulsion systems Rolls-Royce Materials Handling Limited 2 Management company Rolls-Royce Nuclear Engineering Services Limited 1 Refurbishment and modification of nuclear power plant Rolls-Royce Power Engineering plc Power generation R-R Industrial Controls Limited 1 Control systems for power station and industrial application Vickers plc Holding company Vickers Engineering plc 3 Defence systems and marine gas turbine components Corporate NEI Overseas Holdings Limited 2 Holding company Rolls-Royce Aircraft Management Limited Aircraft leasing Rolls-Royce Capital Limited 4 Sales finance and other financial services Rolls-Royce International Limited International support and commercial information services Rolls-Royce Leasing Limited Engine leasing Rolls-Royce Overseas Holdings Limited Holding company Rolls-Royce Power Ventures Limited Provision of project development capabilities Sourcerer Limited 4 Supply of goods, services and utilities to the engineering sector 1 The interests are held by Rolls-Royce Power Engineering plc and these companies act as agents of that company. 2 The interests are held by Rolls-Royce Power Engineering plc. 3 The interest is held by Vickers plc. 4 These subsidiaries act as agents of Rolls-Royce plc. The above companies operate principally in Great Britain and the effective Group interest is 100%.
    [Show full text]
  • STS-1000: a High Performance Turboshaft Engine for Hybrid
    AIAA 2018-2018 Engine Design Competition Sharif University of Technology STS-IDOO: A Candidate T urboshaft Engine for Hybrid Electric Medium Altitude Long Endurance Search and Rescue UAV High PowBr to WBight Low FuBI Consumption Modular 6 Compact SIGNATURE SHEET Prof. Kaveh Ghorbanian M. Reza AminiMagham Alireza Ebrahimi Faculty Advisor Project Advisor Team Leader 952166 Amir Nazemi Abolfazl Zolfaghari Hojjat Etemadianmofrad Vahid Danesh 981123 919547 964808 964807 M. Mahdi Asnaashari Saeide Kazembeigi Mahdi Jamshidiha Amirreza Saffizadeh 952842 978931 688249 937080 Copyright © 2019 by FARAS. Published by the American Institute of Aeronautics and Astronautics, Inc., with Permission Executive Summary This report proposes a turboshaft engine referred to “Sharif TurboShaft 1000 (STS-1000)” as a candidate engine to replace the baseline engine TPE331-10 for the next generation “Hybrid Electric Medium Altitude Long Endurance Search and Rescue UAV” by the year 2025. STS-1000, unlike the baseline engine, is a split single-spool turboshaft engine. The hot gas generator is a single spool with a single stage radial compressor, a reverse annular combustion chamber, and an uncooled single stage axial compressor turbine. The required shaft power is produced by a two stage axial power turbine on a separate spool which passes through the spool of the core engine and is intended to drive a power generator at the cold end of the engine. The air intake is of S-type and the exhaust duct has circular cross section. Compared to TPE331-10, STS-1000 has a higher turbine inlet temperature, a lower stage number for the air compressor, and requires less mass flow rate.
    [Show full text]
  • Trusted to Deliver Excellence Rolls-Royce Holdings Plc Annual
    Rolls-Royce Holdings plc plc Holdings Rolls-Royce Rolls-Royce Holdings plc Annual report 2011 Trusted to deliver excellence Annual reportAnnual 2011 ® ® © Rolls-Royce plc 2012 Trusted to deliver excellence deliver to Trusted Rolls-Royce Holdings plc Registered office: 65 Buckingham Gate London SW1E 6AT T +44 (0)20 7222 9020 www.rolls-royce.com Company number 7524813 129 Glossary Contents Glossary Business review ABC Anti-bribery and corruption IFRS International Financial Reporting Standards Civil aerospace Defence aerospace 1 Introduction ABI Association of British Insurers INVENT Integrated Vehicle Energy Technology 2 Chairman’s statement 4 Chief Executive’s review ACARE Advisory Council for Aviation Research and IPTMSD Integrated Power and Thermal Management System Development 6 Our business model and strategy Innovation in Europe ISO International Standards Organisation 8 Our business segments ADR American Depositary Receipts Programme LDI Liability-driven investment 9 Market opportunities ADVENT Adaptive Versatile Engine Technology LIBOR London Inter-bank Offered Rate 10 Key performance indicators AEBS All-Employee Bonus Scheme 14 Finance Director’s review LLP Limited Liability Partnership 18 Civil aerospace AFRL US Air Force Research Lab LTSA Long-Term Service Agreement 20 Defence aerospace AGM Annual General Meeting MoD UK Ministry of Defence 22 Marine p18 p20 ANA All Nippon Airways MoU Memorandum of Understanding 24 Energy APB Auditing Practices Board 26 Excellence in technology MWh Megawatt hours APRA Annual Performance Related
    [Show full text]
  • Airbus A320-232, G-EUUI
    Airbus A320-232, G-EUUI AAIB Bulletin No: 11/2004 Ref: EW/C2003/11/04 Category: 1.1 INCIDENT Aircraft Type and Airbus A320-232, G-EUUI Registration: No & Type of Engines: 2 International Aero Engines (IAE) V2527-A5 turbofan engines Year of Manufacture: 2002 Date & Time (UTC): 29 November 2003 at 1955 hrs Location: Overhead Birmingham Type of Flight: Public Transport (Passenger) Persons on Board: Crew - 7 Passengers - 92 Injuries: Crew - None Passengers - None Nature of Damage: None Commander's Licence: Airline Transport Pilot's Licence Commander's Age: 39 years Commander's Flying 11,350 hours Experience: (of which 930 were on type) Last 90 days - 166 hours Last 28 days - 50 hours Information Source: AAIB Field Investigation Synopsis On a relatively clear evening, upon reaching the cruise level of Flight Level (FL) 280, the crew and passengers on a scheduled flight from London Heathrow to Edinburgh experienced momentary noise and vibration throughout the aircraft. This was repeated approximately one minute later. It was also reported that an orange flash, associated with the right engine, had been seen. The flight crew identified that No 2 engine had surged and recovered, with the engine indications returning to normal. The aircraft's Quick Reference Handbook, coupled with the training that the flight crew had received, provided them with inadequate guidance with which to fully assess the situation. Their initial intention to continue to Edinburgh was changed upon advice from the operator and the crew initiated a return to Heathrow. The engine then began to surge again and, once more, recovered, but this was followed by another series of surges.
    [Show full text]