Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Rolls-Royce Gets USD100 Million US Navy Engines Deal

9th Apr 2014 06:39

LONDON (Alliance News) - Rolls-Royce Holdings PLC Wednesday said it has won a USD100 million contract from the US Department of Defense to provide continued support for the F405 engines that power the US Navy's T-45 training aircraft.

In a statement, the company said the deal is a follow-on, one year contract. The company has been supporting the engines for the past 10 years, it said.

Under the terms of the deal, Rolls-Royce will provide intermediate, depot level maintenance and related logistics support for more than 200 F405 engines in the US Navy fleet. The contract includes support for aircraft operating at four main Naval Air Stations: Kingsville, Texas; Meridian, Mississippi; Pensacola, Florida; and Patuxent River, Maryland.

By Steve McGrath; [email protected]; @SteveMcGrath1

Copyright © 2014 Alliance News Limited. All Rights Reserved.


Related Shares:

Rolls-Royce
FTSE 100 Latest
Value8,328.60
Change0.00