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DoD Awards Rolls-Royce V-22 Engine Contract Worth Potentially $598 Million

The Defense Department recently awarded Rolls-Royce a contract worth potentially $598 million to put the company’s AE1107C engines on the Marine Corps and Air Force V-22 tilt-rotor aircraft, a company spokesman said. The first year of the contract calls for Rolls-Royce to deliver 70 engines worth a combined $151 million, according to a statement. The contract also includes four additional option years, and if all are exercised, the company will deliver a total of 268 engines, including spares, at a value…

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