With regard to the payments related to the in-service issue of the Trent 1000 engine (PDF:147.9K )
October 19, 2018 at 05:48 am EDT
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For Release: October 19, 2018
With regard to the payments related to the in-service issues of the Trent 1000 engine
1. Outline
We participate as a risk and revenue sharing partner on the Rolls-Royce Trent 1000 engine program, which has been impacted by the challenge of managing significant in-service issues. Rolls-Royce continues to work hard to remedy this situation and has made further substantial progress on the implementation of long-term solutions and mitigation of the near-term impact on customers.
As member of this program, we would cover our portion of the cash costs associated with in-service issues. In the financial results for second quarter FY2018, we will make a provision of approximately ¥10bn representing the allowance for the abnormal cost related to Airworthiness Directives which mandated additional inspections.
2. Others
The amount of the financial impact due to the issue stated above is included in "Revision of the Outlook for performance for the Fiscal Year Ending March 31, 2019" announced today.
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Kawasaki Heavy Industries Ltd. published this content on 19 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 October 2018 09:47:03 UTC
Kawasaki Heavy Industries, Ltd. specializes in manufacturing and marketing of transportation and industrial machines equipments. Net sales break down by activity as follows:
- sale of motorcycles and engines (29.8%);
- sale of aerospace equipments (19.9%): aircrafts, helicopters, missiles, electronic equipments, monorails, etc.;
- sale of gas turbines (19.8%): turbines for naval, marines and industrial applications, generators, propulsion systems, etc. The group also develops naval construction activity (construction of ships, submarines, bulk carriers, oil tankers, etc.);
- sale of precision machines (16.8%): primarily hydraulic machines. The group is also developing a manufacturing of industrial machinery activity (tunnel boring machines, curling machines, grinding machines, etc.);
- sale of railway equipments (8.4%): train cars, electric and diesel locomotives, monorails, etc.;
- other (5.3%).
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