Rolls-Royce set to land Siemens electric planes division
Rolls-Royce is set to buy the the electric and hybrid-electric aerospace propulsion activities of Siemens.
Rolls-Royce says the deal will accelerate the delivery of its electrification strategy and boost its ambition to play a major role in the 'third era' of aviation.
The deal is expected to complete late 2019, following a period of employee consultation.
Siemens' eAircraft business, based in Germany and Hungary, employs around 180 specialist electrical designers and engineers who have been developing a range of all-electric... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...