Safran [SAF] said it has finalized the acquisition from Rolls-Royce of its 50 percent share in their joint RTM322 helicopter engine program with a cash consideration of approximately $381.9 million. The engine powers the Boeing [BA] AH-64 Apache, Finmeccanica’s EH 101, produced by AgustaWestland, and the NH Industries NH90, jointly owned by Airbus Group’s Eurocopter and AgustaWestland. Safran’s Turbomeca unit, a helicopter engine business, now assumes global responsibility for the design, production, product support and services such as spares and maintenance, repair, overhaul (MRO) services for the…
Safran Finalizes Acquisition Of Rolls Royce’s Share Of Joint Helo Engine Program
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