Siemens Sells Electric Aircraft-Engine Business to Rolls-Royce
Siemens and Rolls-Royce signed an agreement for the sale of Siemens’ eAircraft unit. Siemens say that the company’s business with electric and hybrid-electric systems for aircraft will have substantially better growth perspectives with new owners closely connected to the aerospace industry. Closing of the deal is subject to the usual conditions and is expected to take place in late 2019. The partners have agreed not to...
