Rolls-Royce Holdings Plc (RYCEY.PK,RR.L) said it won a $598 million contract from the US Department of Defense for 268 AE 1107C engines for US Marine Corps and Air Force V-22 aircraft.
As part of the deal, in the first year, Rolls-Royce will deliver 70 engines valued at $151 million. The contract includes four additional option years, with deliveries expected to total 268, including spare engines.
According to Rolls-Royce, its turbo shaft engines help provide the unique capability for the V-22, allowing the tilt-rotor aircraft to take off and land like a helicopter, and to rotate its engines forward to fly like an airplane. The V-22 aircraft can carry more troops, fly faster and has greater range than the helicopters it will replace.
Click here to receive FREE breaking news email alerts for Rolls Royce Holdings plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org