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MTU and Safran to create JV on military helicopter developments
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(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.
(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)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific task, sharing both risks and profits.
Military technology refers to the tools, equipment, and systems developed for use in warfare and defense, including weapons, vehicles, and communication systems.
Rotorcraft technology involves the design and engineering of aircraft that use rotor systems for lift and propulsion, such as helicopters and tiltrotors.
The European Next Generation Rotorcraft Technologies project aims to explore advanced technologies for developing the next generation of military rotorcraft expected to enter service by 2040.
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