Rolls-Royce, which is a British multinational public holding company, is a major manufacturer of luxury cars, as many are familiar with, as well as aircraft engine manufacturing. The company specialized in the production of vehicles until the car business was split into Rolls-Royce Motors in 1973, with Rolls-Royce Holdings plc now focusing on aircraft engines. The company designs, manufactures, and distributes power systems and is also heavily involved in marine propulsion and energy products. Rolls-Royce is actually the 16th largest defense contractor in the world, with 15.05 billion euros in annual reported revenue. They are also the 24th largest of any company that has a listing on the London Stock Exchange. Rolls-Royce currently powers more than 30 types of commercial aircraft, with a total of over 13,000 engines currently in use around the world. They are a major civil aerospace engine manufacturer for the commercial airline as well as the corporate jet market. Boeing, in 2004, announced that it had selected Rolls-Royce along with General Electric to supply engines for its new 787.
Currently, the company focuses on development of the Trent XWB for the Airbus A350 and the Trent 1000 for the Boeing 787. However, faced new competition, Rolls-Royce has unveiled a road map for a new generation of turbofans that will go into service in 2020. This design will be centered around a two-phase evolution of the traditional three-shaft architecture currently in use for engines in the widebody market today. The first of these new innovative engines, named the Advance, is scheduled to be demonstrated next year in 2015. These new engines, a multi-phase design, will feature an improvement in propulsive efficiency through increases in fan diameter and bypass ratio, shrinking cores, and thermal efficiency improvements. Such projects are set to solidify Rolls-Royce’s market share of the aerospace engine market for the next decade.
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