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February 20, 2018

UK MoD signs £260m FMS deal with US to support RAF’s C-17 aircraft

The UK Ministry of Defence (MoD) has signed a £260m foreign military sale (FMS) agreement to support the Royal Air Force’s (RAF) fleet of C-17 Globemaster III heavy-lift transport aircraft.

The UK Ministry of Defence (MoD) has signed a £260m foreign military sale (FMS) agreement to support the Royal Air Force’s (RAF) fleet of C-17 Globemaster III heavy-lift transport aircraft.

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Slated to run until 2022, the bilateral deal will see the delivery of spares, design services, reliability, and maintenance enhancements for the RAF’s eight C-17A aircraft.

The scope of the FMS agreement will also ensure access to technical resources in addition to training programmes conducted for RAF aircrew and maintenance crew.

UK Defence Minister Guto Bebb said: “Our C-17 giants take everything from heavy equipment to vital troops to where they’re needed right across the globe.

“This deal keeps them in the air into the next decade and affirms our leadership, alongside our American allies, in providing global security and humanitarian aid as we stand together in defence of our shared values.”

“The current agreement will help retain more than 50 job opportunities in the country through the support of a Boeing team at RAF Brize Norton.”

The current agreement will help retain more than 50 job opportunities in the country through the support of a Boeing team at RAF Brize Norton.

Additional work on the project will be conducted at the company facilities in San Antonio, Texas, US.

The heavy-lift transport aircraft can be deployed by the airforce to transport large equipment, supplies, and troops in challenging terrain anywhere across the world.

Developed by Boeing, C-17 is a high-wing, four-engine, T-tailed military transport aircraft that is capable of carrying 77t of cargo and has a maximum airspeed of approximately 510 miles every hour.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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