LONDON (AFX) - Rolls-Royce PLC said it has been awarded a contract worth
some 60 mln stg from The Ministry of Defence (MOD), to provide service support
for the Gnome engine which powers the MOD's fleet of Sea King helicopters.
The initial five-year contract will deliver cost of ownership benefits
consistent with the MOD Defence Logistics Organisation (DLO) objective of
achieving a 20 pct reduction by 2006.
Under the terms of the contract, Rolls-Royce is the prime contractor for all
depot repair and overhaul activity, to include responsibility for spares
provisioning, inventory management, technical and logistics support, said the
company.
In order to deliver sustained cost of ownership, Rolls-Royce has committed
to significantly improve repair turnaround times and engine reliability, it
said.
Rolls-Royce will undertake repair and overhaul work at its facilities at
Ansty, England and Oberursel, Germany, in addition to the Defence Aviation
Repair Agency (DARA) facility at Fleetlands, England, it added.

Is something up? Seems to be a lot of buyers around.

This one has a strong positive chart trend (now nearing the top of the channel. Could pull back a little and then surge again as it is FTSE100 bound at the next reshuffle which might explain the action yesterday.

60P coming soon do not say you were not told