Browse > Home / Aeronautics News / Goodrich and Rolls-Royce Sign Agreements to Complete Engine Controls Joint Venture

Goodrich and Rolls-Royce Sign Agreements to Complete Engine Controls Joint Venture

Written by thomas · Filed Under Aeronautics News 

December 23, 2008

thomas

CHARLOTTE, N.C., Dec. 22, 2008 /PRNewswire-FirstCall/ — Goodrich Corporation (NYSE: GR) and Rolls-Royce Group plc announced today that they have signed all appropriate agreements related to the formation of a joint venture company to develop and supply engine controls for Rolls-Royce aero engines. The two companies previously announced the intention to form the joint venture on August 14, 2008.

The joint venture company, Rolls-Royce Goodrich Engine Control Systems Limited, will operate as Aero Engine Controls. It combines Goodrich’s existing UK-based engine controls design and manufacturing business and Rolls-Royce’s expertise in the integration of controls into the engine. Each of the contributing companies owns 50 per cent of Aero Engine Controls. Goodrich will retain the aftermarket products and services business associated with the joint venture’s products.

The transaction is expected to close on December 31, 2008. As part of the transaction, Goodrich expects to receive $100 million in cash.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities.

» Próximo Post - Embraer Lineage 1000 Receives ANAC and EASA Certification
« Post Aneterior - Next NASA Moon Mission Completes Major Milestone

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.