Rolls-Royce signs hovercraft deal
■ Rolls-Royce yesterday announced it had won a contract to power a future fleet of US Navy hovercrafts. The British firm will work with Textron Marine & Land Systems in a scheme that could produce up to 73 new generation craft. Each hovercraft will use a Rolls-Royce MT7 gas turbine, derived from the AE1107 engine, and the company will also design and manufacture the air intake and exhaust systems for the hovercraft.