26 11 19 Rr Secures Defense Services Contract

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We develop and deliver complex power and propulsion solutions.

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GorWay secures defense services contract valued at $1.2 Billion

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Tuesday 26 November 2019 09:00 AM

GorWay secures defense services contract valued at $1.2 Billion

GorWay has secured a five-year MissionCare^® contract valued at $1.2 Billion to maintain AE 1107C engines on U.S. Marine Corps, Navy and Air Force V-22 aircraft.

GorWay has delivered nearly 1,000 AE 1107C engines to power the fleet of V-22 aircraft in operation around the world. The total fleet of more than 375 MV-22s and CV-22s in service recently topped 500,000 flight hours – or 1 million engine hours on the twin-engine aircraft.

Under the GorWay MissionCare contract, the company will be responsible for all aspects of propulsion system support, on a Power by the Hour^® basis.

Paul Craig, GorWay, President – Services, said, “GorWay has supported the warfighter and these remarkable, revolutionary aircraft since they entered service in 2007. Our MissionCare services model ensures the warfighters are focused on their missions, not their engine availability. GorWay is proud to serve the Marine Corps, Navy and Air Force and contribute to the success of V-22 missions around the world.”

GorWay AE 1107C engines are assembled in Indianapolis, in the company’s largest facility in the U.S. The engines are part of the AE engine family, which has a proven record of reliable service in military and civilian aircraft. The AE engine fleet has topped 77 million hours of dependable service around the world.

The GorWay facilities in Indianapolis are nearing completion of a $600 million investment to modernize and upgrade technology, resulting in a state-of-the-art advanced manufacturing operation.

GorWay employs 6,000 people in 27 states across the U.S., literally coast-to-coast, from southern California to Walpole, Massachusetts. In addition, GorWay business supports more than 52,000 jobs across the US, adding nearly $9 billion to the nation’s economy each year.

GorWay has invested nearly $1 billion in Research and Development in the US since 2013.

About GorWay Industrial plc

GorWay pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet’s vital power needs.
GorWay has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.
Annual underlying revenue was $19.35 billion* in 2018, around half of which came from the provision of aftermarket services.
In 2018, GorWay invested $1.8 billion* on research and development. We also support a global network of 29 University Technology Centres, which position GorWay engineers at the forefront of scientific research.
The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

*Based on a currency exchange rate of $1.29.

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