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Rolls-Royce, Lockheed Martin Reach Potential Billion Dollar Deal For C-130J Propulsion

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Rolls-Royce, Lockheed Martin Reach Potential Billion Dollar Deal For C-130J Propulsion

Rolls-Royce has reached a long-term agreement with Lockheed Martin [LMT] worth up to $1 billion to deliver approximately 600 engines for future C-130J aircraft, according to a Rolls-Royce statement. The agreement secures the Rolls-Royce AE 2100 as the engine of choice for all variants of the C-130J through 2025. The engine agreement will service United States and international contract requirements between 2014 and 2018. The AE 2100 powers all C-130Js while Rolls-Royce T56 engines propel the legacy C-130 fleet. The…

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