GBP 40M Interim Contract Will Cover Lynx’ GEM Engines
Rolls-Royce recently won a GBP 40 million contract (about $75 million) to support those engines under its Mission Ready Management Solutions services. GEM engine modules will be overhauled at the company’s facility at Ansty, supported by Rolls-Royce personnel at Yeovilton and Bristol. The two year contract also includes an incentive for Rolls-Royce to reduce costs for support activity, and is seen as the first step towards the British MoD’s preferred kind of contract which would provide a guaranteed level of engine availability at all times.
Rolls-Royce already operates a number of MRMS contracts along those lines for aircraft such as the Typhoon, Tornado and the Nimrod. Indeed, over the last 12 months, Rolls-Royce reports that it has won MRMS contracts worth more than GBP 400 million from the UK MoD, and services currently account for 55% of Rolls-Royce’s defense/aerospace revenues.