Thursday, February 12, 2009

Bangalore: Rolls-Royce Group PLC said Wednesday it plans to bid for an Indian government program to replace the engines of its 125-strong fleet of Jaguar combat jets.
"On the Jaguar engine upgrade program, we have offered (the Indian government) a lot of technical details," Martin Fausset, the managing director for defense aerospace at Rolls-Royce, told a news conference at the Aero India show. "We expect the request for proposals soon."
Fausset didn't disclose the estimated value of the potential order or a timeframe.
A senior executive of Honeywell International Inc. (HON), which also plans to bid for the same contract, said Tuesday that India's deal will likely be for 280 engines including spare engines for the twin-engine fighter jet.
Under a prior agreement with Rolls-Royce, India's state-run Hindustan Aeronautics Ltd. has been manufacturing the engines for Jaguar since 1981.
11/02/09 Rumman Ahmed/Dow Jones/easy Bourse

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