Power systems group Rolls-Royce has won a contract to service M250 engines for the US Army's OH-58D Kiowa Warrior scout helicopters.
The contract, valued at $183m, involves the service of 500 M250 engines for more than 300 aircraft. It begins this month and the Army has the option to extend it for four additional years.
This project is part of group's 'MissionCare' support systems for military customers - "a suite of services tailored to help each customer meet
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
their mission." The company has MissionCare contract with all branches of the US military, including the Air Force, Navy, Marines, Army and Coast Guard.
"Rolls-Royce is focused on providing affordable, dependable support to help our military customers complete their missions every day," said Dan Korte, the President of the company's Defence division.
"For years, we have been working hard to ensure these Army crews come home safely after every mission, and we are committed to providing our full support so that continues."
BC
-
Premium Bonds winners announced – did you scoop the September jackpot?NS&I has announced the winners for September’s Premium Bonds prize draw, with two lucky savers becoming overnight millionaires. Did you win this month?
-
What is the 25x retirement rule and does it work?The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
