have announced that they have signed a Letter of Intent proposing the formation of a joint venture company, which would develop and supply engine controls for Rolls-Royce aero engines.
If the joint venture goes ahead, it would combine Goodrich's existing UK-based engine controls design and manufacturing business based in
Goodrich would retain the aftermarket products and services business associated with the joint venture's products.
Under the proposals, each of the contributing companies would own an equal share of the joint venture company. Both companies will begin discussions with employee representatives on proposed timescales for consultation.
Approximately 1,100 UK-based Goodrich employees and 500 Rolls-Royce employees in Europe and the
‘This arrangement would bring benefits to both our companies,’ said Curtis Reusser, segment president, electronics systems, Goodrich. ‘Goodrich already works closely with Rolls-Royce and we believe closer integration would provide an even more efficient delivery of these important engine-control systems.’