Rolls-Royce, Safran To Transfer RTM322 Helo Engine Program To Turbomeca | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **
** Airborne 07.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.18.14 **
** Airborne 07.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.16.14 **

Wed, Apr 24, 2013

Rolls-Royce, Safran To Transfer RTM322 Helo Engine Program To Turbomeca

Other RR Helicopter Engines Not Affected By The Transaction

Rolls-Royce has reached an agreement to sell its shareholding and interest in the RTM322 helicopter engine program to Turbomeca (a Safran company).  Rolls-Royce's 50 per cent interest in the engine program will be progressively transferred to Turbomeca, which will then hold 100 per cent of the RTM322 program. Rolls-Royce will receive a cash consideration of €293 million ($381 million) for its shareholding and interest in the program.

Turbomeca will assume full responsibility for the design, production and support of the RTM322 engine (pictured), which powers the Apache, EH101 Merlin and NH90 helicopters. Rolls-Royce will provide full assistance to Turbomeca during the multi-year transition period to ensure all RTM322 customers continue to receive effective support.
 
The RRTM Adour engine program, which powers the Hawk and Jaguar aircraft, is unaffected by this agreement, as are the other helicopter engine programs in the Rolls-Royce portfolio. The sale is expected to complete before year end, subject to closing conditions.
 
Work is expected to be transferred to Turbomeca over three years and Rolls-Royce says it will work closely with employee representatives to manage any employment impact.

FMI: www.rolls-royce.com

Advertisement

More News

NBAA Establishes New Weather Subcommittee

FAA Officials On Hand For The Announcement Of The Group NBAA President and CEO Ed Bolen on Monday announced the formation of a new NBAA group focused on improvements in aviation we>[...]

U.S. House Hearing Will Examine State Of U.S. Aviation Manufacturing

Witness List Includes AEA's Blakey, GAMA's Bunce The Aviation Subcommittee of the U.S. House Transportation Committee, chaired by Congressman Frank LoBiondo (R-NJ), will hold a hea>[...]

ANN's 'Who's Who' At Oshkosh: Katherine Tryon

Introducing Staff, Stringers, Videographers, And People Who Make It All Work Anyone who's ever been to Oshkosh knows that there are hundreds of events and activities as well as ten>[...]

Appeals Court Says FAA May Not Prevent Texas EquuSearch From Using Drones

Once Again, A Federal Judges Has Ruled That The FAA Cannot Stop The Use Of Commercial Drones Unless They Are Enforcing Published Regulations ... The FAA Has A Differing Opinion Ear>[...]

ANN's Daily Aero-Linx (07.23.14)

Expert Craft Building or restoring your own airplane, or even considering a homebuilt project? This site allows you to keep a complete online log of your project, complete with not>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC