Rolls-Royce Awarded $75 M for V-22 Osprey Engine Support

The total contract has a potential value exceeding $600 million

(Indianapolis, IN., March 9, 2010) -- Rolls-Royce, the global power systems company, has been awarded a $75 million MissionCare(tm) contract by the U.S. Naval Air Systems Command (NAVAIR). Under the eleven-month contract, which includes four option years, logistics support will be provided for the Rolls-Royce AE 1107C-Liberty engines that power the U.S. Marine Corps' MV-22 Osprey and U.S. Air Force Special Operations Command's CV-22 Osprey. The total contract has a potential value exceeding $600 million.

Dennis Jarvi, Rolls-Royce, President - Defense North America, said: "This contract further strengthens Rolls-Royce's long-standing relationship with our U.S. Navy, Marine Corps and Air Force customers. Our ability to deliver innovative support solutions allows us to improve product performance, readiness, efficiency and generate cost savings for the U.S. forces as they accomplish their critical missions."

This MissionCare contract will provide a full suite of engine management services support for more than 250 aircraft. The services will include engine management and repair, logistics support, and field service representatives at six V-22 operating locations in the U.S.

The V-22 Osprey tiltrotor aircraft takes off and lands like a helicopter, but flies like an airplane. Powered by twin Rolls-Royce AE 1107C-Liberty engines, Osprey fly at twice the speed, with three times the payload and up to five times the range, of conventional helicopters. The U.S. government approved full-rate production for the aircraft in September 2005 and awarded a multi-year procurement contract for 167 aircraft in March 2008.

MissionCare is a comprehensive engine-care program customized to meet the needs of Rolls-Royce defense customers. The AE 1107C MissionCare contract is truly "power by the hour" with payment calculated on a fixed price based on aircraft hours flown.

Source : Rolls-Royce Plc (LSE: RR.L) - click here for more information