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Update on Rolls-Royce UTC collaboration

19th Sep 2013 16:00

RNS Number : 4622O
Rolls-Royce Holdings plc
19 September 2013
 



 

 

19 September, 2013

 

 

 

Update on Rolls-Royce UTC collaboration

 

In October 2011, Rolls-Royce and United Technologies Corp. (UTC) announced their intention to form a new joint venture to develop an engine to power future mid-size aircraft (120-230 passenger aircraft).

 

Following further discussion, and because of the current regulatory environment, the parties have agreed not to proceed with the partnership.

 

Rolls-Royce remains fully committed to this important market segment and will continue to invest in technologies that will enable us to take advantage of opportunities as they arise.

 

 

For further information, please contact:

 

Investors:

Simon Goodson

Director - Investor Relations

Rolls-Royce plc

Tel: +44 (0)20 7227 9237

[email protected]

 

Media:

Jane Terry

Director of External Communications

Rolls-Royce plc

Tel: +44 (0)20 7227 9163

[email protected]

 

www.rolls-royce.com
This information is provided by RNS
The company news service from the London Stock Exchange
 
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