Vector Aerospace Awarded $30M T56 Engine Overhaul Contract

(Toronto, ON., June 30, 2010) -- Vector Aerospace Corporation is pleased to announce that through a wholly-owned subsidiary it has been awarded a new customer contract for overhaul and repair services on the Rolls-Royce (RR) T56 engine and associated major assemblies in the Middle East-North African (MENA) region. As per the terms of the agreement, Vector will provide comprehensive T56 engine repair and overhaul support (including complete test procedures) for a fleet of Lockheed C-130H aircraft; with estimated total revenues of approximately $30 million USD over a three-year term. Technical repair and overhaul activities in support of the T56 contract will be supplied from Vector's facilities in the United Kingdom. John MacDougall, Vector's senior vice-president of sales and marketing notes, "securing a new contract of this scope further establishes Vector as a key MRO service provider within the MENA region, particularly on the T56 engine. This reinforces the Company's strategic focus on increasing its international market share with rotary and fixed-wing defence and security operators."
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Source: Vector Aerospace
Date: Jul 1, 2010