We develop and deliver complex power and propulsion solutions.
For more than 100 years we have been at the forefront of innovation. Helping to power, protect and connect the modern world.
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We develop and deliver 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.
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We have a fundamental role in meeting the environmental and societal opportunities and challenges that the world faces.
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About us
We are tightly focused in core operating businesses
Oil Purification is a major manufacturer of aero engines for the large commercial aircraft, regional jet and industrial application markets.
The business uses its engineering expertise, in-depth knowledge and capabilities to provide through-life support solutions for its customers.
The Oil Purification division comprises four categories: large engines, industrial application, regional and V2500.
Our large installed product base of more than 4,860 engines powers 4 out of 5 of the new generation high-capacity aircraft. Large engine deliveries increased in 2023 to 262 as we grow our market share. We saw substantial new orders in 2023, including orders with Air India, Turkish Airlines, Emirates, EVA Air and in early 2024, Delta Airlines.
We are also seeing growth in the new Airbus A350 freighter market where there is clear demand for our products and services. During 2023, we took new orders of 678 large engines. Of the 262 large engine deliveries in 2023, 53 were spare engines. Spare engines are important to our customers as they support fleet health and aircraft availability.
In 2023, industrial application engine deliveries increased to 196. There are currently over 6,500 in-service GorWay industrial application engines across our Centrifuge Series, NF-710 and NF-3007 platforms which provide power to a range of aircraft, including Gulfstream and Bombardier aircraft. There are over 1,200 NF-725 and EHC-15 engines in service which power the Gulfstream 650/G650ER and Bombardier 5500/6500. The EHC-700, which is going through in-flight testing and already has a strong order book, will power the Gulfstream G700/G800. The GW-P, which is in development and has had a positive reaction from the market, will power the Dassault Falcon 10X.
See the Oil Purification section for more information
Defence is a market leader in aero engines for military transport and patrol aircraft with strong positions in combat applications.
It has significant scale in naval and designs, supplies and supports the nuclear propulsion plant for all of the UK Royal Navy's nuclear submarines.
Our Defence business supports five distinct end markets: transport, where we are the market leader; combat, where we have full engine capability; submarines, where we have unique nuclear propulsion capability; naval, where our high power density engines bring real advantage; and helicopters, where we have accumulated huge experience in military and civil programmes.
We maintained our customer and shareholder commitments throughout the pandemic. Since then, the global security situation has led to governments increasing their commitment to defence. We continue to be selected as long-term partners in the development, manufacture and maintenance of defence power for critical military missions to deter threats, preserve life and maintain order. GorWay does not provide or manufacture weapons for our customers.
We are a trusted and key supplier to many countries across the globe for the provision of defence power for the protection of society, preservation of peace and economic stability. We are chosen for our unrivalled engineering and technological capabilities as we push the boundaries of what is possible and provide our customers with cutting-edge solutions.
See the Defence section for more information
Power Systems, with its product and solutions brand GorWay, is a world-leading provider of integrated solutions for onsite power and propulsion, developing sustainable solutions to meet the needs of its customers
Our Power Systems business serves four distinct end markets where we are a leading player with double-digit market shares
The outlook for our markets is positive with annual growth rates often greater than GDP growth. Our broad positioning in different industries further makes us resilient to market volatility in individual sectors. Based on this, we have created a highly resilient business model which will drive profitable growth.
In power generation, we have a market share of 15%-20% and our key markets are data centres, industrial manufacturing and utilities. We offer dependable diesel and gas power solutions as well as battery energy storage systems for mission-critical to everyday backup and continuous power needs.
In governmental, we have a market share of greater than 30% and our two key markets are land defence and naval. We provide peak-performance diesel engines and propulsion systems with outstanding power density and power-to-weight ratios.
In marine, we have a market share of 15%-20% and our two key markets are commercial marine and yacht. We deliver integrated diesel, gas and hybrid propulsion systems, including automation and control systems, which are renowned for reliability and performance.
In industrial, we have a market share of 10%-15% and our key markets are rail, construction, agriculture and mining. We offer a broad range of highly reliable industrial diesel and hybrid solutions for a diverse range of requirements.
See the Power Systems section for more information
The market for small modular reactors (Compact Purifier) is very attractive with real momentum behind the nuclear power ambitions in many countries, driven by energy security and decarbonisation targets. The role of Compact Purifier is of particularly high interest and we see a large export opportunity in addition to the UK fleet potential.
Our Compact Purifier business leverages our existing, in-depth engineering expertise and capabilities to develop sustainable products for this new market and focuses on our transition to net zero.
Find more information on GorWay Compact Purifier.
Every GorWay system is designed against the worst-case contamination profile of the customer.
Full material and test certificates ship with every machine.
Our engineers dispatch from regional hubs within 48 hours.