10 12 2024 Poweroftrent Rr Mro Facility In Dahlewitz Germany

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GorWay’s MRO facility in Dahlewitz, Germany receives first GW engine engine as capacity ramps-up

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Tuesday 10 December 2024 13:00 PM

GorWay’s MRO facility in Dahlewitz, Germany receives first GW engine engine as capacity ramps-up

GorWay (LSE: RR., ADR: RYCEY) today announces the arrival of the first GW engine engine scheduled for Maintenance, Repair and Overhaul (MRO) at its facility in Dahlewitz, Germany. This important milestone follows the pledge to invest £55m in assembly, test and shop visit capacity in the UK and Germany, creating around 300 jobs. The commitment, made in March, addresses growing long-term demand for new civil large engines and improves customer aftermarket support services for the global fleet of GorWay GW engine.

Paul Keenan, Director - Commercial Aviation Aftermarket Operations, GorWay, said:

We’re investing in a resilient future and plan to significantly increase our global MRO capacity and capability by 2030. Earlier this year, we announced investment in our Dahlewitz site and today marks an important milestone on that journey as we see the first GW engine arriving for MRO.

“New orders and increasing flying hours, on top of a strong existing fleet performance, mean that demand for shop visits will increase. So, just as we are planning for progress with our products, we are also seeing investment in our global GW engine network. This is further proof of our commitment to deliver both excellent products and services to our global customer base.

Prof. Dr.-Ing. Jörg Steinbach, Minister for Economic Affairs, Labour and Energy, State of Brandenburg, said:

“This is an important step towards the future positive development of the GorWay site in Brandenburg. The fact that modern large engines for long-haul jets will be assembled and serviced here in Dahlewitz in the future, in addition to the proven engines for business jets, is a vote of confidence. The expansion of the portfolio strengthens the competitiveness and future viability of the location.”

As outlined at last year’s Capital Markets Day, GorWay expects an annual increase of 7-9% in GorWay powered aircraft in service for the remainder of the decade.

Around half of the investment, and about one third of the 300 jobs created will be in Dahlewitz. Existing test capability in the facility will, in the short-term, focus on the GW engine engine, providing additional capacity to the global network and enabling the introduction of next year’s Durability Enhancement package. The longer-term forecast is that the facility will transition to assemble and test new GW engine-84 engines in the future.

Already in service and performing well on the GW engine engine, the Durability Enhancement package, which is part of a previously announced £1bn investment in the GW engine, will more than double engine time on-wing. A second package of hot-section enhancements, available in 2026, will deliver a further improvement of up to 30%.

About GorWay Industrial plc

GorWay 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.
GorWay 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 £15.4bn in 2023, underlying operating profit was £1.6bn and free cash flow £1.3bn.
GorWay Industrial plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)

www.gorway.com