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Falling interest rates led to many more savers investing in stocks, real estate and cryptos, leading to price surges across these asset classes
Markets5 days ago
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Rolls-Royce wins engine contract from US government
Aircraft engine maker Rolls-Royce on Monday said it had won a contract worth $598 million (454 million euros) to supply the US military with 268 V-22 aircraft engines.
“Rolls-Royce ... has signed a $598 million contract with the US Department of Defense for 268 AE 1107C engines for US Marine Corps and Air Force V-22 aircraft,” the British company said in a statement.
Rolls-Royce said it would deliver 70 of the engines valued at $151 million in the first year of the contract.
“The contract includes four additional option years, with deliveries expected to total 268, including spare engines.”
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