Monday, February 23, 2009

Rolls-Royce Wins Two U.S. Helicopter Contracts

Rolls-Royce Wins Two U.S. Helicopter Contracts
(NSI News Source Info) NEW YORK - February 23, 2009: Rolls-Royce Group Plc announced two new contracts on Sunday -- a $35 million deal with the U.S. Army and a deal worth up to $400 million with Bell Helicopter -- and said it expects more than 15,000 turbine helicopter deliveries over the next ten years. The deal with the U.S. Army is a contract modification for Contractor Logistics Support (CLS) services covering Model 250-powered (Photo/Image: Bell 407 Helicopter) military helicopter fleet, the British engine maker said. The deal with Bell Helicopter is for the supply of Model 250 engines for Bell 206 and 407 helicopters through 2017. Separately, Rolls-Royce expects "near-term softness followed by a resumption of growth" in the market between 2009 and 2018. It also said the rotorcraft market "will exhibit strong demand by 2013." Rolls-Royce expects overall helicopter deliveries to be valued at about $130 billion for airframes and about $12 billion for engines. The company also expects about 9,000 civil helicopter deliveries, and about 6,000 new military helicopter deliveries, during the ten-year period. Rolls-Royce said its 10-year projections are up slightly from its 2008 projections.

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