Rolls-Royce and Goodrich yesterday signed a letter of intent to form a 50/50 joint venture to develop and supply engine controls for Rolls aero engines. JV will encourage synergies, combining Goodrich's UK-based engine controls design and manufacturing business and Rolls' controls integration expertise. Goodrich will retain the JV's aftermarket products and services. The initiative "reflects the importance we attach to the engine control system in optimizing engine performance," Rolls ...

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