|Rolls-Royce Seals $1 Billion Engine Deal With Lockheed Martin |
Engines to Be Used for Super Hercules Planes
By Rory Gallivan
Feb. 12, 2014 7:23 a.m. ET
LONDON— Rolls-Royce Holdings RR.LN +0.41% PLC said on Wednesday that it has completed an agreement with Lockheed Martin Corp. LMT +0.78% worth up to $1 billion to deliver around 600 engines for Lockheed's C-130J Super Hercules military transport planes.
The engine agreement will service U.S. government and international contract requirements between 2014 and 2018, Rolls-Royce said.
Shares were up 0.66% at 1,213 pence just after midday.
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