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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.
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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.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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