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Stock impact report

CCC, Rolls-Royce Canada win $110 million contract with U.S. Navy [Canadian Business Journal (Canada)]

ROLLS ROYCE HLDGS S/ADR (RYCEY) 
NASDAQ:AMEX Investor Relations: rolls-royce.com/investors.aspx
OTTAWA, Dec. 20, 2024 (GLOBE NEWSWIRE) — CCC is pleased to announce it was awarded a contract from the United States Department of Defense (U.S. DoD) for an advanced winch system developed by Rolls-Royce Canada’s Naval Handling business to deploy, tow, and recover sonar equipment.Through CCC’s contract, valued up to $110 million, Rolls-Royce Canada will supply the OK-410 Handling and Stowage Group system to the U.S. Navy’s Naval Undersea Warfare Centre (NUWC), along with spare parts and engineering services. The NUWC operates multiple facilities across the United States and plays a vital role in ensuring the U.S. Navy’s technological edge in submarine and undersea operations.Rolls-Royce Canada’s winch system is designed to launch, tow and retrieve the Multi-Function Towed Array (MFTA) for the AN/SQQ-89A(V)15 ASW Combat System. The winch system can handle heavy tow loads and incorporates advanced control systems that enable precise maneuvering and positioning of the MFTA in the water, Show less Read more
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