Vector Aerospace Awarded $30M USD T56 Engine Overhaul Contract
Toronto, ON – Vector Aerospace Corporation is pleased to announce that through a wholly-owned subsidiary it has been awarded a new customer contract for overhaul and repair services on the Rolls-Royce (RR) T56 engine and associated major assemblies in the Middle East-North African (MENA) region.
As per the terms of the agreement, Vector will provide comprehensive T56 engine repair and overhaul support (including complete test procedures) for a fleet of Lockheed C-130H aircraft; with estimated total revenues of approximately $30 million USD over a three-year term. Technical repair and overhaul activities in support of the T56 contract will be supplied from Vector’s facilities in the United Kingdom.
John MacDougall, Vector’s senior vice-president of sales and marketing notes, “securing a new contract of this scope further establishes Vector as a key MRO service provider within the MENA region, particularly on the T56 engine. This reinforces the Company’s strategic focus on increasing its international market share with rotary and fixed-wing defence and security operators.”
Vector provides rotary and fixed-wing engine, dynamic component, airframe and avionics maintenance, repair and overhaul support to defense operators including the United States (U.S.) Army and Navy, the U.S. Department of Homeland Security, U.S. Special Operations, the Canadian Department of Defense, the United Kingdom Ministry of Defense, Foreign Military Sales (FMS) operators and numerous international militaries. These services are well-established, and Vector has serviced this market segment for more than 20 years.
Vector Aerospace Corporation is an independent provider of aviation repair and overhaul services. Through facilities in Canada, the United States the United Kingdom and Africa, Vector provides services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes. Vector also provides information technology solutions to an international customer base. Principal operations include Vector Aerospace Engine Services Atlantic Inc., Vector Aerospace Engine Services UK Limited, Vector Aerospace Helicopter Services Inc., Vector Aerospace International Limited and Pathix ASP. The Company has approximately 2,500 employees.
For more information, please contact:
Declan O’Shea
President & CEO
Toronto, Ontario
Telephone: (416) 640-2115 |
Randal L. Levine
Senior Vice-President and Chief Financial Officer
Toronto, Ontario
Telephone: (416) 640-2120 |