Rolls-Royce bags vertical take-off contract
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.
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
Sign up for MoneyWeek's newsletters
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.
-
Barclays begins paying up to £100 compensation to customers after banking outage
Barclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
By Daniel Hilton Published
-
Review: Shangri-La Paris – an ode to the world’s best food
Natasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
By Natasha Langan Published