Rolls-Royce, Hispano-Suiza Form JV to Develop Drive Train Transmission Systems
July 04 2014 - 3:37AM
Dow Jones News
By Razak Musah Baba
LONDON--Rolls-Royce Holdings PLC (RR.LN) has set up a joint
venture with Hispano-Suiza (Safran) to develop accessory drive
train transmission systems, the commercial jet engine maker said
Friday.
Rolls-Royce said it has signed a memorandum of understanding
with Hispano-Suiza, a company which specializes in aircraft power
transmission and management systems, to establish a 50:50 long-term
joint venture to address the entire product lifecycle of
Rolls-Royce civil aero engine applications.
The joint venture will have activities in the U.K., Germany, and
France, where it will be headquartered, Rolls-Royce said.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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