Power systems developer Rolls-Royce has won a contract extension with the US Department of Defense to provide support for the F405 (Adour) engines that power the US Navy's T-45 training aircraft.
The $103.3m Missioncare contract is the result of the US Department of Defense exercising the fourth option year on a contract that was signed in 2008.
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
This contract provides comprehensive propulsion services to more than 200 aircraft, operating at four main naval air stations: Kingsville, Texas; Meridian, Mississippi; Pensacola, Florida; and Patuxent River, Maryland.
JH
-
Steve Webb: The triple lock is there to do a job. I’m not embarrassed or ashamed of itThe triple lock means 13 million pensioners will now get an above-inflation state pension boost in April. While the rising cost of the policy has stirred controversy, Steve Webb, who served as pensions minister when it was introduced, argues the triple lock is vital and should stay. Webb speaks to Kalpana Fitzpatrick on the new episode of MoneyWeek Talks – out now.
-
How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
