SKF and Rolls-Royce Sign Long-Term Contracts Worth over SEK 1 Billion

GÖTEBORG, Sweden

SKF (STO:SKFB) (STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB) has signed contracts worth over SEK 1 billion with Rolls-Royce to supply main shaft bearings for their new gas turbine engine programmes.

SKF’s main shaft bearings will be used in a number of Rolls-Royce engines, including the Trent XWB (TXWB) gas turbine engine. The TXWB is the sixth generation of the Trent family of engines, designed specifically for the Airbus A350 XWB family of aircraft.

Rutger Barrdahl, head of SKF’s aerospace business, says: “We are able to provide Rolls-Royce with the long-term capacity, security of supply and commitment to invest in product development that meet their needs and match our own ambitions within world-class manufacturing.”

Deliveries for the new engine programmes have commenced and are expected to reach their full rate by 2018.

About SKF (publ)

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2015 were SEK 75 997 million and the number of employees was 46 635. www.skf.com

® SKF is a registered trademark of the SKF Group.

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160620006545/en/

For SKF:
PRESS:
Theo Kjellberg, Director, Press Relations
tel: +46 31 337 6576
mobile: +46 725-776576
e-mail: theo.kjellberg@skf.com
or
INVESTOR RELATIONS:
Patrik Stenberg, Head of Investor Relations
+46 31-337 2104;
+46 705-472 104;
patrik.stenberg@skf.com