RESTON, Va.--(BUSINESS WIRE)--The new Rolls-Royce North America corporate headquarters is now open in Reston, Virginia. The Honorable Timothy M. Kaine, Governor of the Commonwealth of Virginia, joined James M. Guyette, President & CEO, Rolls-Royce North America for an official ribbon-cutting ceremony this afternoon at the company’s new office building in the Reston Town Center.
Rolls-Royce initiated several important activities in Virginia in late 2007. First, the company announced plans to build a new aerospace manufacturing facility on the Crosspointe Center property in Prince George County. The company also announced its intent to relocate its North American corporate headquarters, employing 125 people, from Chantilly to Reston and to consolidate its regional Purchasing organization into the Chantilly space. All told, these activities will likely result in approximately 500 new jobs in Virginia.
With today’s ribbon-cutting, the North America corporate staff is established in the new building in Reston. Consolidation of the Purchasing organization is well underway and later this year, Rolls-Royce will break ground at Crosspointe.
James M. Guyette, President and CEO, Rolls-Royce North America, said: “These moves better position our company to meet the increasing needs of our global business and customer base around the world. We believe that Virginia is the right place for us as we continue to grow our business and raise our profile in North America and we are delighted that Governor Kaine was able to be here today to help us celebrate.”
NOTES TO EDITORS:
1. Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defense aerospace, marine and energy.
2. The company has a broad customer base including more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries. It employs around 38,800 people worldwide people in offices, manufacturing and service facilities in 50 countries and has businesses headquartered in the UK, US, Canada, Germany, Scandinavia and China. This global presence allows Rolls-Royce to access long-term international growth opportunities with its technology, presence, partnerships and people.
3. Rolls-Royce continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product and service portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry.
4. A significant and growing industry player in North America, Rolls-Royce employs nearly 8,000 people at more than 66 US locations in 26 states and seven sites in six Canadian provinces. Today more Rolls-Royce engines are built in the United States than anywhere else in the world and US interests hold 25 per cent of Rolls-Royce shares.
5. Annual sales were £7.4 ($14.8) billion in 2007, of which 55 per cent came from services revenues. The firm and announced order book at the end of 2007 stood at £45.9 ($91.8) billion, of which aftermarket services represent 30 per cent, providing visibility of future levels of activity. Each year, Rolls-Royce businesses and operations in North America generate nearly $4 billion in sales and the company’s total US investment is nearly $1 billion.