Rolls-Royce wins major engine contract with US Armed Forces
Power systems group Rolls-Royce is to provide service support for a number of engines used by the US Armed Services.
Power systems group Rolls-Royce is to provide service support for a number of engines used by the US Armed Services.
The contracts, worth more than $275m collectively, will see Rolls-Royce provide 'Mission Care' service support for AE 1007C, AE 2100 and T56 engines which power a variety of aircraft, including the V-22, C-130, P-3 and C-2 in operation with the US Air Force, Navy and Marines.
"Rolls-Royce is focused on meeting all of our military customers' needs and we deliver services and support packages tailored to meet their specific requirements," said President of the company's North American Customer Business, Patricia O'Connell.
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
"These contracts reflect the confidence our US military customers have in our expertise. Rolls-Royce continues to win new contracts by demonstrating the value we can add, and by working hard to ensure our customers can deliver their missions and work within their budget," she said.
The work is to be delivered in 2012 and 2013.
BC
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.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”