Rolls-Royce (LSE: RR., ADR: RYCEY) today announces it is investing in its assembly, test and shop visit capacity in the UK and Germany to address growing long-term demand for new civil large engines and improve customer aftermarket support services for its global Trent fleet.

As outlined at last year's Capital Markets Day, Rolls-Royce expects an annual increase of 7 - 9% of Rolls-Royce powered aircraft in service for the remainder of the decade and forecasts engine flying hours to reach 120 - 130% mid-term compared to 2019 levels.

To prepare for this growth, Rolls-Royce is investing GBP55m and recruiting more than 300 front-line operations roles, split between its operations in Derby, UK, and Dahlewitz, Germany. About half of the investment and about two thirds of the jobs will be created in Derby.

The investments include: Expansion of engine build capacity in Derby to deliver over 40% more new engines per year from 2025 - compared with average deliveries over the last 10 years - and increase of services capacity.

Utilisation of already existing engine test capability for civil large engines in Dahlewitz to support near term services demand before transitioning to assemble and test new Trent XWB-84 engines in 2026.

These investments follow last month's announcement to invest GBP1bn in a continuous improvement programme for the Trent engine family.

Rob Watson, President - Civil Aerospace, Rolls-Royce, said: These latest investment in our engine build and services capacity is further proof of our commitment to deliver both excellent products and services to our global customer base. We are ready to support our continued growth in the widebody market - delivering even greater availability, reliability, and efficiency.'

About Rolls-Royce Holdings plc

Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land. Our products and service packages enable our customers to connect people, societies, cultures and economies together; they meet the growing need for power generation across multiple industries and enable governments to equip their armed forces with the power to protect.

Rolls-Royce has a presence in 48 countries and customers in more than 150, comprising over 250 commercial large aero engine customers, 160 armed forces and navies and approximately 40,000 active Power Systems customers. We are committed to becoming a net zero company by 2050 and we support our customers to do the same.

Annual underlying revenue was GBP15.4bn in 2023, underlying operating profit was GBP1.6bn and free cash flow GBP1.3bn.

Rolls-Royce Holdings plc is a publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).

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