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Investing.com -- Rolls-Royce (OTC:RYCEY) Corp. has been awarded a $54.7 million contract modification by the U.S. Department of Defense to produce engines for the U.S. Navy’s Ship to Shore Connector program.
The firm-fixed-price modification to a previously awarded contract will cover production of 12 MT7 turboshaft engines, along with ancillary parts and installation kits for the Landing Craft, Air Cushion 100 class craft.
Work on the contract will be performed in Indianapolis, Indiana, where Rolls-Royce is based, and is expected to be completed by June 2029.
The U.S. Navy will fund the contract using fiscal 2025 shipbuilding and conversion funds, which will not expire at the end of the current fiscal year.
The contract was not competitively procured as Rolls-Royce was determined to be the only responsible source that could satisfy the Navy’s requirements, according to the Department of Defense.
Naval Sea Systems Command in Washington, D.C. is serving as the contracting activity for the project under contract number N00024-25-C-2405.
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