US buys more Rolls-Royce engines for V-22 aircraft
Power systems developer Rolls-Royce is to supply engines for the US Marine Corps and Air Force V-22 aircraft.
Power systems developer Rolls-Royce is to supply engines for the US Marine Corps and Air Force V-22 aircraft.
The $598m contract with the US Department of Defense could see Rolls-Royce supply 268 AE 1107C engines over a period of five years. In the first year, Rolls-Royce will deliver 70 engines valued at $151m, after which the US Department of Defense has the option to extend the contract arrangement on a year-by-year basis for as further four years.
Rolls-Royce is the sole manufacturer of the engines for the V-22 and has already delivered 550 AE 1107C engines to the US Department of Defense.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
JH
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
-
CrowdStrike IT outage: a global meltdown
Millions were affected by the CrowdStrike IT outage recently, which grounded flights and took the news off the air. Was this just a hiccup or a warning of much worse to come?
By Simon Wilson Published
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published