LONDON (AFP) — Rolls-Royce said on Thursday that it planned to form a joint venture with US group Goodrich to develop and supply engine controls for Rolls-Royce aerospace engines.
"Rolls-Royce and Goodrich Corporation announced today (Thursday) that they have signed a Letter of Intent proposing the formation of a joint venture company," the pair said in an official statement.
It is hoped that the 50:50 joint venture will be formed soon, subject to regulatory review and staff consultation.
The statement added: "If the proposed joint venture goes ahead, it would enable the two companies to integrate their engine controls activity more closely.
"It would combine Goodrich's existing UK-based engine controls design and manufacturing business and Rolls-Royce's expertise in the integration of controls into the engine."
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