Rolls-Royce Gets $9 Million to Maintain USMC MV-22 Osprey Fleet

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On Wednesday, the Department of Defense announced that it has awarded Rolls-Royce Corp of Indianapolis a $9 million contract "modification" to a previously awarded firm-fixed-price contract. The contract in question  called upon Rolls to evaluate engine performance, and conduct any necessary repairs on AE1107C engines that power the U.S. Marine Corps fleet of MV-22 tiltrotor Osprey aircraft built by the Textron (NYSE: TXT  ) and Boeing (NYSE: BA  ) joint venture Bell Boeing.

The current modification of the original award hires Rolls to perform engineering services supporting an additional 5,886 flight hours on the USMC's MV-22 fleet, and is expected to run through November 2013.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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11/30/2015 4:00 PM
BA $145.45 Down -1.50 -1.02%
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