LucasVarity gearbox arm for sale

LucasVarity is to sell the former Lucas Aerospace Geared Systems Division (GSD) as part of its £250m restructuring plan. A spokesman confirmed that the Utah-based division, which makes gearboxes for military aircraft, is for sale. Chief suitor is British-owned Rolls-Royce, say industry sources: GSD already supplies gearboxes to its Allison engines subsidiary in the US.

LucasVarity is to sell the former Lucas Aerospace Geared Systems Division (GSD) as part of its £250m restructuring plan.

A spokesman confirmed that the Utah-based division, which makes gearboxes for military aircraft, is for sale. Chief suitor is British-owned Rolls-Royce, say industry sources: GSD already supplies gearboxes to its Allison engines subsidiary in the US.