Re Contract

Date : 11/17/2009 @ 4:28AM
Source : UK Regulatory (RNS & others)
Stock : Rolls-royce (RR.)
Quote : 568.5  0.5 (0.09%) @ 4:16AM
<< BackQuote Chart

 

Re Contract

 
TIDMRR. 
 
November 17, 2009 
 
       ROLLS-ROYCE SIGNS $171 MILLION F-35 STOVL LIFTSYSTEM CONTRACT 
 
Rolls-Royce, the global power systems company, has signed a $171 million 
contract with Pratt & Whitney to supply the Rolls-Royce LiftSystem® for a 
further 9 Short Take-Off and Vertical Landing (STOVL) variant F-35B Lightning 
II aircraft as part of the third lot of Low Rate Initial Production (LRIP). 
 
This order is the second production contract for Rolls-Royce as part of its 
involvement in the JSF programme. The previous contract, for LRIP 2 and signed 
in December 2008, was for $131m. 
 
The Rolls-Royce LiftSystem comprises a LiftFan, Roll Posts and 3 Bearing Swivel 
Module. Rolls-Royce will provide these through the propulsion system prime 
contractor Pratt & Whitney, with module deliveries having already commenced in 
July 2009 under the Long Lead provision within the contract. The scope of the 
contract also includes spare hardware, production investment and sustainment 
planning. 
 
Simon Henley, Director for New Product Introduction at Rolls-Royce Defence 
Aerospace, said: 
 
"This new contract, together with the imminent first flight of the F-35 in 
STOVL mode, shows the Rolls-Royce LiftSystem programme is now generating real 
momentum and that Rolls-Royce technology is helping to bring a step change in 
air combat technology. 
 
"As the LiftSystem programme continues to gain momentum on both sides of the 
Atlantic we are looking forward to supporting the flight trials with the 
LiftSystem engaged in the F-35B at the Naval Air Station at Patuxent River". 
 
Orders for the LiftSystem are expected to total over 600, with leading 
customers including the US Marine Corps, The UK Armed Forces and the Italian 
Navy. The F-35B variant is expected to remain in service well after 2050. 
 
Rolls-Royce engineers in Bristol, UK and Indianapolis, US, are involved in 
design and assembly of the LiftSystem, with component manufacture also taking 
place at the Hucknall and Bristol sites in the UK. 
 
This production contract follows on from the $1.1bn contract signed with 
Pratt & Whitney in 2001 to develop the F135 STOVL Propulsion System. 
 
NOTES FOR EDITORS: 
 
 1. Rolls-Royce, a world-leading provider of power systems and services for use 
    on land, at sea and in the air, operates in four global markets - civil 
    aerospace, defence aerospace, marine and energy. Rolls-Royce has a broad 
    customer base comprising 600 airlines, 4,000 corporate and utility aircraft 
    and helicopter operators, 160 armed forces, more than 2,000 marine 
    customers including 70 navies, and energy customers in 120 countries. 
 
 2. Rolls-Royce is under contract to Pratt & Whitney for development of the 
    LiftSystem components of the F135 STOVL Propulsion System. The contract 
    signed with Pratt & Whitney in December 2001, which covers the design and 
    development work of the STOVL elements during the System Development and 
    Demonstration (SDD) phase of the programme, is worth $1.1 billion to 
    Rolls-Royce over 10 years. 
 
 3. The LiftFan, a 50-inch two-stage counter rotating fan capable of generating 
    more than 20,000lb of thrust, is driven by the aircraft main engine and 
    supplies the forward vertical lift. The 3BSM is a swivelling jet pipe 
    capable of redirecting the rear thrust from the horizontal to the vertical 
    position. It can rotate through 95 degrees in 2.5 seconds and passes 
    18,000lb of thrust generated from the main engine. Aircraft roll control is 
    achieved using the Roll Posts mounted in the wings of the aircraft, each of 
    which provides further 1,950lb thrust from the main engine. 
 
For further information please contact: 
 
Mark Alflatt 
Director of Financial Communications 
Tel: +44 (0)20 7227 9285 
mark.alflatt@rolls-royce.com 
 
Nicky Louth-Davies 
Director of Corporate Communications 
Tel: +44 (0)20 7227 9232 
nicky.louth-davies@rolls-royce.com 
 
Web www.rolls-royce.com 
 
 
END 
 


Rolls-royce Historical Chart Rolls-royce Intraday Chart  
Period


LSE and PLUS quotes are live. NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.
The Spread Bet Centre :: The CFD Centre :: Financial Glossary :: Forex Rates, Charts & News
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme
Copyright 1999-2010 ADVFN PLC. Copyright Notice & Privacy Policy :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs
35 site:2us 100316 04:33