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
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published