Rolls Royce secures RAF contract extensions
Rolls-Royce, the global power systems company, has secured contract extensions with the Royal Air Force worth almost 100m pounds.
Rolls-Royce, the global power systems company, has secured contract extensions with the Royal Air Force worth almost 100m pounds.
The deal will see the company provide ongoing support for engines on the UK's C-130 Hercules transport and VC10 tanker fleets.
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
It will also provide technical support for Conway engines, which will power the VC10 tanker until it finishes
service in 2013.
During the UK's Operation Ellamy in Libya last year the company provided around-the-clock support for Conway engines that powered the VC10 tanker aircraft.
Paul Craig, Rolls-Royce, Executive Vice President Services - Defence, said: "This contract amendment is testimony to the standard of service delivered to-date and reflects the value we offer to our customer".
"It is particularly pleasing that we have continued to deliver high levels of aircraft availability at a time when both the C-130 and VC10 have recently been involved in high tempo operations," he added.
-
What are my retirement income options?We’re all told to save into a pension, but there’s widespread confusion about how to take an income from our savings and investments at retirement, a new study has found. We look at your retirement income options.
-
UK interest rates: will the MPC lower rates?The Bank of England’s Monetary Policy Committee’s (MPC) final interest rates meeting of the year takes place tomorrow (18 December) and most experts expect a cut
