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Home News MTU and Safran to create JV on military helicopter developments

MTU and Safran to create JV on military helicopter developments

by Uma Rajagopal
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2023 06 20T093735Z 1 LYNXMPEJ5J082 RTROPTP 4 SAFRAN RESULTS

MTU and Safran to create JV on military helicopter developments

(Reuters) – German MTU Aero Engines and French Safran have signed a memorandum of understanding to create a joint-venture on developing a new engine for the European Next Generation Rotorcraft Technologies project, both firms said on Tuesday.

The 50/50 joint venture, signed during the Paris Air Show, aims to favor a future specific call for military helicopter engines, the statement said.

“The European Next Generation Rotorcraft Technologies project will explore technology options anticipating the next generation of military rotorcraft slated to enter service by 2040” it added.

 

(Reporting by Tristan Veyet; Editing bz Madeline Chambers)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.