Update on Rolls-Royce UTC collaboration
Thursday, 19 September 2013
In October 2011, Rolls-Royce and United Technologies Corp. (UTC) announced their intention to form a new joint venture to develop an engine to power future mid-size aircraft (120-230 passenger aircraft).
Following further discussion, and because of the current regulatory environment, the parties have agreed not to proceed with the partnership.
Rolls-Royce remains fully committed to this important market segment and will continue to invest in technologies that will enable us to take advantage of opportunities as they arise.