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Market Digest Nigeria

Business

Britain signs $425 million contract with Rolls-Royce

Rolls-Royce

Britain has signed a 350 million pound ($425 million) contract with Rolls-Royce (RR.L) to provide maintenance for the engines of Typhoon fighter jets.

The 346.7 million pound contract will provide maintenance support for the EJ200 engine up to 2024. The Typhoon forms the backbone of the RAF’s fighter jet fleet. “Not only will this contract help to maintain our world-class jets, it secures 175 jobs across the UK and boosts the skills base our world-leading defence industry relies upon,” Anne-Marie Trevelyan, a junior defence minister said.

“Together with our multi-million-pound upgrade programme, this contract will ensure our Typhoon fleet continues to dominate the skies in the decades to come.”

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