24th Oct 2014 06:23
LONDON (Alliance News) - Rolls-Royce Holdings PLC and Safran unit Hispano-Suiza have signed a 25-year deal to set up a company to produce accessory drive train transmission units for all the UK company's civilian aircraft engines, the companies said Friday.
The new company, headquartered at Hispano-Suiza's site in Paris, will cover all civil aircraft, particularly its Trent 7000 engine used on the Airbus A330neo. It will also operate in Rolls Royce's Derby, UK, plant and in Dahlewitz, Germany and will set up a new production site in 2015 to start operating in late 2016 or early 2017. The company will have around 180 employees.
"For both Rolls-Royce and Hispano-Suiza, the creation of this joint venture marks a major step towards the consolidation of our historical relationship within a long-term partnership, and enables us to stake out a position on new aircraft programs," said Hélène Moreau-Leroy, Chairman and CEO of Hispano-Suiza.
The final agreement follows a Memorandum of Understanding agreed in July.
By Ian Edmondson; Copyright 2014 Alliance News Limited. All Rights Reserved.
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