Military engine contract boost for Rolls-Royce
ROLLS-ROYCE said yesterday it had won £100m in engine service contracts with the Royal Air Force – the latest in a string of recent deals.
Under the latest contract wins the company will provide ongoing support for the UK military’s C-130 Hercules transport and VC10 tanker fleets.
Rolls-Royce has also won an extension to its contract to provide technical support for Conway engines, which will power the VC10 tanker until it finishes service in 2013.
“We take pride in supporting the Royal Air Force’s fleet of C-130s and in our successful partnership with Lockheed Martin, Marshall Aerospace and the Ministry of Defence,” said vice president in charge of defence contracts at the FTSE 100 company, Paul Craig.
“It is particularly pleasing that we have continued to deliver high levels of aircraft availability at a time when both the C-130 and VC10 have recently been involved in high tempo operations.
“Our innovative approach, which continues to ensure availability for critical operations, has been greatly appreciated by the RAF.”
Rolls-Royce has contracts with 5,000 airlines across the globe, while 160 armed forces are also on its books.
At the end of 2011 the company’s order book stood at £62.2bn. Rolls employs 40,000 people in 50 countries.
The company’s shares rose one per cent after the announcement.