Rolls-Royce and Kale Group, a major partner in global and national defence and aerospace industries, have announced the formation of a joint venture company to target aero engine opportunities in Turkey.
Kale Group will own 51% and Rolls-Royce 49% of the joint venture, which aims to develop aircraft engines for Turkey, initially targeting the TF-X National Fighter Jet Project. The agreement was signed in Istanbul on May 8. Osman Okyay, Deputy CEO of Kale Group said: “Today we are very pleased and proud to be uniting our energy with one of the biggest jet engine makers of the world. This partnership is a milestone in the development of the aerospace and defence industries of Turkey.” Kale Group is the contractor for the Turbojet engine development project, a milestone in Turkey’s aim to produce domestic aircraft engines.
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