WEBVTT

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>> HELLO AND WELCOME TO INSIDE

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INDIANA BUSINESS. I'M GERRY

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DICK.

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MAJOR NEWS THIS WEEK FOR A MAJOR

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INDIANA EMPLOYER.

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ROLLS-ROYCE NORTH AMERICA HAS

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LANDED A $500 MILLION CONTRACT

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FROM THE US AIR FORCE TO PROVIDE

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ENGINES FOR THE B-52

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STRATOFORTRESS AIRCRAFT.

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ROLLS-ROYCE WILL BUILD AND TEST

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650 OF ITS F130 ENGINES FOR THE

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BOMBER AND CREATE AN INITIAL 150

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JOBS AS A RESULT.

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I'M PLEASED TO BE JOINED BY

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ROLLS-ROYCE LIBERTYWORKS SENIOR

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VICE PRESIDENT JOHN KUSNIEREK

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WITH MORE ON THE DEAL AND WHAT

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IT MEANS FOR THE COMPANY'S

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MASSIVE PRESENCE IN INDIANA.

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JOHN, WELCOME TO THE SHOW.

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>> THANK YOU, GERRY. GLAD TO BE

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HERE.

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>> PUT IN PERSPECTIVE, BIG

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NUMBER, $500 MILLION, THE SCOPE

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OF THIS PROJECT, THE B-52

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PROGRAM WHICH STARTED IN THE 60s

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AND PROGRESSED THROUGH TIME.

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THIS WAS A BIG DEAL THAT WAS A

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LONG TIME COMING, HOW LONG HAVE

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YOU BEEN IN THE WORKS?

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>> SEVERAL YEARS, GERRY. THIS

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HAS BEEN A PURSUIT THAT STARTED

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OVER FOUR YEARS AGO, ACTUALLY.

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IT IS A MAJOR WIN FOR THE STATE

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OF INDIANA, MAJOR WIN FOR THE

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CITY OF INDIANAPOLIS, MAJOR WIN

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FOR ROLLS-ROYCE. IT REALLY

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PUNCTUATES AND AMPLIFIES THAT

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OUR DECISION TO INVEST IN THE

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ROLLS-ROYCE MANUFACTURING

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FACILITY SOME YEARS AGO, MORE

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THAN $600 MILLION THERE, WAS

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REALLY -- REALLY PAID OFF, WE'RE

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DELIGHTED.

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>> I ASSUME, BECAUSE I THOUGHT

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ABOUT THAT WHEN I SAW THIS

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ANNOUNCEMENT, REMEMBERING THAT

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MASSIVE INVESTMENT, REALLY

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TRANSFORMING YOUR MANUFACTURING

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OPERATIONS HERE IN INDIANAPOLIS.

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WAS THAT THE KEY, A KEY, TO

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WINNING THIS CONTRACT?

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>> IT WAS A FACTOR. THAT

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ADVANCED MANUFACTURING

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CAPABILITY ALLOWS US TO BUILD

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THE ENGINES VERY EFFICIENTLY,

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AND ADAPT VERY QUICKLY TO THE

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CUSTOMER DEMAND SIGNAL, WHICH IS

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IMPORTANT AS YOU MODIFY THE

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B-52s WITH THESE NEW ENGINES.

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>> B-52 AN IMPORTANT PART OF THE

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DEFENSE STRUCTURE. GIVE US AN

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IDEA, JOHN, OF WHAT WILL BE

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TAKING PLACE OVER THE COURSE OF

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THE NEXT NUMBER OF YEARS THROUGH

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THIS CONTRACT?

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>> YEAH, ABSOLUTELY. WE WILL

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START WITH A LARGE ENGINEERING

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ACTIVITY TO INTEGRATE THESE

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ENGINES ONTO THE B-52. FAIRLY

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SIMULTANEOUSLY, WE WILL BE

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PRODUCING THE INITIAL BATCH OF

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ENGINES WHICH ARE -- WILL BE

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USED IN FLIGHT TESTING. THEN

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SUBSEQUENTLY WE'LL MOVE ON TO

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MAJOR SERIES PRODUCTION IN THE

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COURSE OF THE NEXT FEW YEARS.

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>> YEAH, JOHN, YOU MENTIONED

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WHAT A BIG DEAL THIS IS,

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$500 MILLION. IF OPTIONS ARE

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EXCITED OVER TIME, COULD BE

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WORTH $2.6 BILLION, 150 JOBS

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INITIALLY AS PART OF THIS. THAT

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NUMBER POTENTIALLY COULD BE MORE

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DOWN THE ROAD?

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>> YEAH. WE HAVE ESTIMATED THAT

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IT IS 150. IT IS OVER 100

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STARTING VERY QUICKLY. AS THE

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CONTRACT AND PROJECT EVOLVES,

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THAT 150 IS A GOOD ESTIMATE FOR

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US TO MOVE FORWARD.

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>> JOHN, YOU TALKED ABOUT THE

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STATE, GOVERNOR HOLCOMB, THE

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CITY OF INDIANAPOLIS, AND MAYOR

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HOGSETT, AND THEIR IMPACT, THEIR

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ROLE, AND THIS BEING A BIG WIN

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FOR INDIANAPOLIS, ALSO THE

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STATE. INDIANA REALLY MAKING A

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BIG PUSH TO GET MORE DEFENSE

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INVESTMENT HERE, I ASSUME THIS

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WIN WILL BE SOMETHING THAT THEY

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CAN USE TO PROMOTE INDIANA AS A

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DEFENSE INDUSTRY STATE.

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>> YES, ABSOLUTELY. THE ADVANCED

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MANUFACTURING OF THESE ADVANCED

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JET ENGINES, I THINK, IS A KEY

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BUILDING BLOCK IN THE STATE OF

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INDIANA, OBJECTIVES FOR MORE

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DEFENSE WORK.

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>> ALL RIGHT. VERY GOOD. JOHN

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KUSNIEREK, ROLLS-ROYCE LIBERTY

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WOKS PROJECT, ONE OF THE KEY

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NEGOTIATORS, KEY PURSUIT LEADERS

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IN LANDING THIS $500 MILLION

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CONTRACT FROM THE U.S. AIR

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FORCE. JOHN, THANKS FOR JOINING

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US, WE LOOK