Rolls-Royce (RR.L) said it has signed a $171 million contract with Pratt & Whitney to supply the Rolls-Royce LiftSystem for a further 9 Short Take-Off and Vertical Landing variant F-35B Lightning II aircraft as part of the third lot of Low Rate Initial Production.
The Rolls-Royce LiftSystem comprises a LiftFan, Roll Posts and 3 Bearing Swivel Module. Rolls-Royce will provide these through the propulsion system prime contractor Pratt & Whitney, with module deliveries having already commenced in July 2009 under the Long Lead provision within the contract. The scope of the contract also includes spare hardware, production investment and sustainment planning.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.