Rolls-Royce wins 96 mln pounds Royal Navy contract UPDATE

Date : 10/06/2008 @ 9:04AM
Source : TFN
Stock : Bae Systems (BA.)
Quote : 305.5  -13.25 (-4.16%) @ 11:35AM
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Rolls-Royce wins 96 mln pounds Royal Navy contract UPDATE

        (Updates with further detail)
    LONDON (Thomson Financial) - Rolls-Royce said it has won a 96 million pounds
power and propulsion equipment contract from the UK Royal Navy.
    The contract includes four MT30 gas turbines for two of the world's largest
warships -- the UK's new 65,000 tonne aircraft carriers, HMS Queen Elizabeth and
HMS Prince of Wales.
    Rolls-Royce said the equipment supplied is part of a 'sub-alliance' team
that has overall responsibility for delivery of the entire power and propulsion
system. The contract has been awarded by the carrier main alliance partner,
Thales UK.
    Rolls-Royce is also discussing future equipment support options for the two
ships, which are due to go into service in 2014 and 2016. The MT30 gas turbines
will be assembled and tested in Bristol and delivered in 2011-2013, it said.
    Separately, the U.K. Ministry of Defence said it has placed orders worth 235
million pounds for gas turbines, generators, motors, power distribution
equipment, platform management systems, propellers, shafts, steering gear,
rudders and stabilisers.
    "The new carriers represent a series of firsts for the Fleet and this latest
propulsion technology has not yet been seen in the Royal Navy on this scale,"
said defence equipment and support director general ships rear Admiral Bob Love.
    The MoD said Thales UK, together with BVT, Babcock Marine, BAE Systems and
MOD, is a member of the aircraft carrier alliance (ACA) which will manufacture
and assemble the new carriers.
    Thales has reached a sub-alliance agreement with Rolls-Royce, Converteam and
L-3 Communications to meet the requirement, it added.
tf.TFN-Europe_newsdesk@thomsonreuters.com
ind/jlw/jlw/ind/ra

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