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June 17, 1997

Rolls-Royce Picks Up Almost $1 Billion

Paris (June 17, 1997) -- In the last two days, Rolls-Royce has announced engine orders at the Paris Air Show worth more than $975 million.

The jet engine company won a $200 million piece of the Icelandair order for four additional Boeing 757 airliners - including the latest 757-300.

The two 757-200s and two 757-300s will join four Rolls-Royce powered 757-200s in the Icelandair fleet operating on high-density routes to North America. The 300s will be powered by 43,100-pound 535E4B engines. Deliveries of the airline's first two 757-200s are planned for 1998 or early 1999, while the 300s will be delivered sometime between 2001 and 2002.

In addition to Icelandair, British Airways selected Rolls-Royce RB211-524 engines for 14 additional Boeing 747-400 airliners ordered previously. This order, worth an estimated $500 million, will schedule engine deliveries into the 21st century. Future deliveries will progressively incorporate improved features generated by Rolls-Royce's RB211-524 technical development program. The existing fleet of RB211-524 engines power BA's fleet of Boeing 747-400s, accumulating 450,000 flights since entry into service in 1989.

Rolls also got a piece of the big news at the Air Show so far, the American Eagle order for 42 EMB-145 regional jets with options for 25 additional aircraft. The Embraer's will be powered by Allison AE 3007A1 engines. The order to Allison, part of Rolls-Royce, is valued at more than $275 million. The AE 3007A1 is a growth engine in the AE family that provides the 50-passenger EMB-145 regional jet with increased thrust at hot and high operating conditions. Certification of the AE 3007 variant is planned for late 1997. In addition to the EMB-145, AE 3007 engines also provide power for Cessna Citation X, the world's fastest business jet, part of the large order announced by Cessna on the opening day of the show.


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