Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Rolls-Royce wins US Air Force 'doomsday plane' contract as Boeing loses out

Published 23/05/2024, 13:43
© Reuters.  Rolls-Royce wins US Air Force 'doomsday plane' contract as Boeing loses out

Proactive Investors - Rolls-Royce Holdings PLC (LON:RR) has been signed up to help build the next 'nuke proof' aeroplane for the United States Air Force to carry the President and top military leaders in the event of national emergencies.

The engine maker has joined a partnership led by mid-sized US defence contractor Sierra Nevada Corporation (SNC) for the US Air Force Survivable Airborne Operations Center (SAOC) programme.

The SAOC aircraft provides the POTUS, defence secretary and other military leaders with a survivable command, control, and communications platform to direct US forces during national emergencies.

It is a "multi-billion-dollar award" for SNC, which will oversee the delivery of a modern replacement for the USAF’s current fleet of E-4B 'Nightwatch' aircraft (pictured), made by Boeing (NYSE:BA).

It is one of the largest aircraft modernisation contracts awarded to a company other than the original aircraft manufacturer (OEM), SNC said, which "indicates a new acquisition approach that prioritizes open systems which fosters innovation, speed and cost competitiveness".

"We are proud to pair our proven pedigree with the collective expertise of SNC and the rest of the SAOC team to ensure our military leaders have the platform to protect our national security when it matters most," said Rolls defence chief Adam Riddle, who is also CEO of Rolls Royce North America.

Read more on Proactive Investors UK


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.