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March 31, 2022

UK invests £695m to support RAF’s Hawk aircraft fleet

The investment covers maintenance, repair, and overhaul of Hawk T2 and Hawk T1 jets.

BAE Systems and Rolls-Royce have been awarded an 11-year contract to provide in-service support for the UK Royal Air Force ’s (RAF) Hawk aircraft fleet.

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Awarded by the UK Ministry of Defence (MoD), the total contract investment is $911m (£695m), which includes support for Hawk TMk2 and Hawk TMk1 aircraft used by the Red Arrows, RAF’s aerobatics team.

A key part of the UK Military Flying Training System (UK MFTS), the Hawks are a vital asset in delivering fast jet training to trainee pilots.

Once the training is complete, the pilots will fly RAF’s F-35B Lightning and Typhoon fighter jets.

Under this $911m investment, the MoD has awarded two separate agreements, which include a $773m (£590m) contract with BAE Systems and a $137m (£105m) contract with Rolls-Royce.

UK Defence Procurement Minister Jeremy Quin said: “This contract will provide aircraft support to maintain the delivery of pilot training and the Red Arrows long into the future. 

“It underlines our commitment to providing the highest quality training and aircraft to the future pilots of our Armed Forces.”

The BAE Systems contract will cover Hawk T2 airframe support elements and help deliver efficiencies, through technology and new work methodologies.

It will also drive savings, which will be again used for improving RAF’s training capability.

BAE Systems , along with its partner, Babcock International, will provide in-depth maintenance to the Hawk TMk1 aircraft.

Meanwhile, the contract with Rolls-Royce will support the Adour engine fitted on the BAE Systems Hawk TMk2 trainer aircraft and Hawk TMk1 jets.

As part of this contract, Rolls-Royce will be responsible for the maintenance, repair, and overhaul (MRO) of the two Adour engine variants.

The company will perform the MRO work at its defence headquarters in Bristol, UK. It will also deploy representatives to offer onsite operations advice at RAF Valley.

A twin-spool, counter-rotating turbofan engine, Adour offers 5,000lb to 8,000lb in thrust.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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