Rolls-Royce wins engine order from US Armed Forces

Power systems giant Rolls-Royce has won a contract to build aircraft engines for the US Marine Corps and Air Force.

Power systems giant Rolls-Royce has won a contract to build aircraft engines for the US Marine Corps and Air Force.

The $83.7m contract, which is a modification of a prior agreement, includes a total of 38 Rolls-Royce AE 1107C engines manufactured in Indianapolis to power the V-22 aircraft.

"This contract demonstrates the trust the US Marine Corps and Air Force have in the Rolls-Royce AE 1107C engines which power their V-22 fleets," said Tom Bell, the President of Rolls-Royce's Defence division.

"Delivering reliable power is our constant focus at Rolls-Royce and we are dedicated to keeping those fleets mission ready for our customers."

Rolls-Royce's AE product family has over 5,500 engines in service and more than 54m flight hours under its belt. It exclusively power the V-22 fleet for the US Marine Corps and Air Force.

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021