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Shares in Rolls-Royce, which sells turbines and engines for passenger jets and military aircraft, increased more than 10% Monday after the U.K.-listed company signed a valuable U.S. military engine deal and agreed to a landmark disposal.
The London-based company said it had been selected to provide engines to the U.S. Air Force. The deal, worth up to $2.6 billion, will mean the American-made Rolls-Royce F-130 engine will power the B-52 Stratofortress for the next 30 years.