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.
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."
-
73% of savers plan to rely on partner’s pension in retirementA new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension
-
How much you need to follow the 25x retirement rule – will you have enough to be financially independent?We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.
