Thursday, December 18, 2008

Rolls-Royce Marks 50 Year Partnership with Gulfstream with New Scholarship Program

(BUSINESS WIRE)--Rolls-Royce, the world leader in engines for the business jet market, today marked 50 years of partnership with Gulfstream Aerospace Corporation - the longest partnership in business aviation - by establishing a 50th Anniversary Partnership Scholarship Program for eligible children of Gulfstream’s employees.

Under the terms of this new Scholarship Program, Rolls-Royce will provide an annual stipend of $1,500 for each of the winners’ four years of college.

This Scholarship Program is offered through the National Merit Scholarship Program, an annual academic competition open to all US high school students who meet published participation requirements. The National Merit Scholarship Program is conducted by the National Merit Scholarship Corporation (NMSC). Candidates for the 50th Anniversary Scholarship Program must meet all eligibility requirements as defined by NMSC and have a parent employed by Gulfstream. Winners are determined by NMSC and are judged to have the strongest combination of academic skills and achievements, extracurricular accomplishments and potential for success in rigorous college studies.

The new Scholarship Program was announced at a ceremony in Savannah, GA, celebrating the two companies’ long-standing success in the corporate aircraft market.

Over the past five decades, Rolls-Royce has been relied upon to deliver power and services for thirteen high-performance Gulfstream business jets and has delivered more than 3,500 Dart, Spey, Tay and BR710 engines. No other civil aerospace customer has received more engines from Rolls-Royce, which is a testament to the strength of the partnership.

Gulfstream’s first business aircraft, the GI, made its maiden flight powered by Rolls-Royce Dart engines more than fifty years ago. This twin-engine turboprop was the first aircraft specifically designed for business travel. This year, the two companies continued the legacy of establishing new milestones in style with the unveiling of the latest, all-new business jet, the Rolls-Royce BR725-powered Gulfstream G650.

Speaking at the celebration ceremony, James M. Guyette, President & CEO, Rolls-Royce North America said: “We are honored to have this successful partnership with Gulfstream – at 50 years, the longest in business aviation. The scholarship program we’re announcing today honors our shared history and looks to a shared future, through the next generation. Rolls-Royce was there from the very beginning with Gulfstream and we’ll be here for the future as we continue this historical partnership.”

Joe Lombardo, President, Gulfstream said: “We are delighted to celebrate this milestone with Rolls-Royce and appreciate the scholarship in its honor. Our partnership has combined expertise and technology to achieve numerous milestones and world records, which will extend to the next generation of Gulfstream business aircraft.”

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