Engine developer Rolls-Royce has bagged a contract from fellow aeronautical engine developer Pratt and Whitney to supply the Rolls-Royce LiftSystem for 17 F-35B Lightning II aircraft.
The contract is worth $315m to Rolls-Royce. Under the contract, Rolls-Royce will produce 17 LiftSystems for the fourth lot of Low-Rate Initial Production through 2012, with a further order for the fifth lot expected later in the year. To date, Rolls-Royce has delivered 32 LiftSystems, plus spare parts, in its role as a sub-contractor to Pratt & Whitney, which manufactures the F135 engine for the F-35 Lightning II programme.
.
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
Rolls-Royce is the only company in the world to produce the advanced technology that enables F-35B aircraft to perform Short Take Off and Vertical Landings.
JH
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
