Log in to use our free company, program and sector update tracker feature.
 

Front page

Goodrich and Rolls-Royce sign agreements to complete engine controls joint venture

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.

Press release issued by Safran Electrical & Power - USA on December 22, 2008

 

 Contact details from our directory:
Rolls-Royce Plc Civil Aerospace Turbofan Engines
Safran Electrical & Power - USA Auxiliary Power Units, AC/DC Generators, Airborne Electrical Power Supplies, Generating Systems, Power Distribution Equipment

 

 Related directory sectors:
Engines

Enhanced listings:


Peli Hardigg UK
Peli-Hardigg is the world’s largest manufacturer of aerospace approved reusable plastic shipping and storage containers, built to last a lifetime.

FGL Precision Ltd
FGL Precision manufactures fine quality components for the aerospace and defence markets where consistent performance is critical.

Victrex Plc
New VICTREX® AE250 composites and hybrid molding technology are changing the equation in Aerospace composites – find out more!

Indestructible Paint Ltd
A developer and manufacturer of specialist, technology coatings to support the lifetime of aviation, defence and general industry.

Dexmet Corporation
Dexmet MicroGrid® an innovative product line that help improve the composite aircraft withstand the rigors of a lightning strike.

See our advertising tariff.

 

8
data pages remaining in monthly quota for non-subscribers

© Airframer Limited, operated under licence by Stansted News Limited 2018. Terms & Conditions of reading. Privacy policy