Two weeks after announcing a shock profit warning with government cutbacks on defence spending impacting its military engines business, Rolls revealed plans to build on its successful Trent XWB engine used to power Airbus A350 passenger planes.
"These new designs are the result of implementing our ongoing technology programmes," said Colin Smith, Rolls-Royce Director, Engineering and Technology.
"They are designed to deliver ... Even better fuel efficiency, reliability and environmental performance," he said in a statement delivered alongside a media presentation event in Derby, central England, where the Trent XWB is assembled.
An even more fuel-efficient model, UltraFan, could be ready for service from 2025.
"Both engine designs are the result of the ongoing research and development investment, of approximately USD 1.7 billion a year, which Rolls-Royce makes across its aerospace and non-aerospace businesses," the company added.
Rolls is the sole engine provider for the Airbus A350 XWB, a long-range, wide-body plane which is slated to come into service at the end of the year.
Earlier this month, Rolls said that its profit and revenue would flatten in 2014, as government cutbacks on defence spending ends the company's decade of rampant growth.
News also of a 41-percent slump in annual profits had sent Rolls-Royce shares diving earlier in February.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
