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12/13/2011 02:03 PM ID: 91210 Permalink   

MTU Aero Engines and Sagem Plan Joint Venture

 

German aircraft engine maker MTU Aero Engines and French Sagem Safran Group intend to set up a joint venture for civil and military software and hardware.

"The German-French joint venture facilitates an efficient and long-term safeguarding of contractual commitments and offers access to a variety of future development projects in the aerospace and defense industry," MTU says.

The new company is planned to start its operations at the MTU campus in Munich soon.

 
  Source: www.upi.com  
    WebReporter: edie Show Calling Card      
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