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Rolls-Royce Secures $598 Mln V-22 Engine Contract - Quick Facts

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.

by RTTNews Staff Writer

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