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

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 for MoneyWeek's newsletters
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.
-
Shein shifts IPO focus to Hong Kong
The development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?
Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon