Rolls-Royce completes restructuring of International Aero Engines collaboration
Rolls Royce confirmed that it completed the restructuring of its participation in International Aero Engines (IAE) Collaboration, which produces the V2500 engine for the Airbus A320 family of aircraft. Rolls-Royce has sold its equity and programme shares in the IAE Collaboration to Pratt & Whitney, a United Technologies Corp. company, for a consideration of $1.5 billion. …
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