Rolls-Royce lands $269M Air Force contract

August 16, 2007

The U.S. Air Force Research Laboratory has awarded Rolls-Royce Corp. a contract valued at upward of $296 million to develop jet engines for a variety of military airplanes.

General Electric was awarded a similar contract after a competition that fielded several proposals.

The Air Force's Adaptive Versatile Engine Technology program aims to develop engines that allow operating under high thrust or "loiter" status to cut fuel consumption.

A substantial number of the 200 engineers Rolls-Royce is hiring will be involved in the project, which is being administered from the British company's Indianapolis offices.

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