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Monday, April 23, 2012

Rolls-Royce awarded $598 million V-22 engine contract

[V-22 Osprey]Rolls-Royce, the global power systems company, has signed a $598 Million contract with the US Department of Defense for 268 AE 1107C engines for US Marine Corps and Air Force V-22 aircraft.

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.

Rolls-Royce is the sole manufacturer of the engines for the V-22 and has delivered 550 AE 1107C engines to the US Department of Defense.

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