Engine maker Rolls-Royce has signed a £160 million contract with metals and alloys treatment company Bodycote.
The contract was awarded by Rolls-Royce’s aerospace arm and will cover provision of heat treatment and thermal processor components over a 15 year period.
Macclesfield-based Bodycote improves and protects the properties of metals and alloys used in the aerospace supply chain. It will provide thermal processing services to support Rolls-Royce’s turbine blade casting facilities in Derby and Rotherham, with sales expected to ramp up over the next five years.
Rolls-Royce is currently streamlining its five business lines into three divisions – civil aerospace, defence and power systems – as it consolidates profits.
The company’s annual results last month revealed strong revenue growth, with an increase of nine percent to £16.3 billion. This was driven by civil aerospace service revenues up 12 per cent, sending shares soaring. Profit before tax was £4.9bn, compared with a loss of £4.6bn last year.
Bodycote announced it will begin work immediately to develop solutions for some of Rolls-Royce’s most notable engines, including the Trent XWB, Trent 1000, Trent 7000, Trent 700 and Trent 900.
Last week, Rolls-Royce confirmed it was selling fuel injection technology firm L’Orange to Woodward for €700m (£610m) to further streamline the business. The sale is expected to be completed by the end of the second quarter.
L’Orange is based in Germany and employs around 1,000 staff, and with the deal going ahead, will be renamed Woodward L’Orange.