Rolls-Royce has been awarded two contracts worth a combined value up to $496 million to support T56 engines on US government aircraft.
Under a $406 million, six-year contract, Rolls-Royce will provide parts, plus field and engineering support, for thousands of T56 engines. The contract was awarded by the Defense Logistics Agency and will support approximately 1,000 C-130, P-3 and C-2 aircraft in service with the US Air Force, Navy, Coast Guard and Customs and Border Control and international fleets.
A separate contract from the US Navy for up to $90 million includes engine repairs for E-2 Hawkeye aircraft, which are powered by two T56-A-427 engines. The five-year contract is renewable annually and is valued at $17 million for the first year.
Paul Craig, Rolls-Royce, President Defense Services, said, "These contracts demonstrate our continued success in supporting our customers and the thousands of Rolls-Royce T56 engines powering their operations. Our mission remains the same: to keep these fleets in the air as their operators require, and we will continue to focus on innovative solutions to provide affordable support for our customers."
Source: Rolls-Royce Plc (LSE: RR.L)
Date: Oct 8, 2013