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Safran Finalizes Acquisition Of Rolls Royce’s Share Of Joint Helo Engine Program

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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…

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