Rolls-Royce wins 52m-dollar engine contract with US forces
Power systems giant Rolls-Royce is to provide repair and support services for aircraft engines operated by the US Marine Corps and Air Force as part of a contract worth 52.2m dollars.
Power systems giant Rolls-Royce is to provide repair and support services for aircraft engines operated by the US Marine Corps and Air Force as part of a contract worth 52.2m dollars.
From the company's facilities in Indianapolis, Indiana, and Oakland, California, as well as fleet support at customer bases, Rolls-Royce will work on the AE 1107C turboshaft.
The engines are part of the AE product family, which has over 5,000 engines in service and more than 53m flight hours. The US Marine Corps and Air Force exclusively uses AE products to power the growing V-22 aircraft fleet.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"This contract represents another vote of confidence in the support and services offered by Rolls-Royce to our US military customers," said Paul Craig, the President of the company's Defence Services division.
"We are focused on enabling our customers to keep their aircraft flying and supporting them every day to allow their missions to go forward."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
How to invest in nuclear power
We need nuclear power to go green, says Dominic Frisby. But there is a better option than huge power stations
By Dominic Frisby Published
-
Chase slashes its easy-access savings rate – is it time to switch?
The Chase easy-access savings account has proved popular with savers thanks to its competitive rate and bonus deals. But, as the rate has dropped, has it lost its charm?
By Katie Williams Published