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.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
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.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
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.
The extension will mean the Hercules Integrated Operational Support (HIOS) contract, which covers the servicing of the C-130 fleet and is delivered jointly by Rolls-Royce, Marshall Aerospace and Lockheed Martin, will continue until 2015.
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.
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.
-
Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
-
Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
