Rolls-Royce has signed a Memorandum of Understanding (MoU) with Aselsan A.S, one of Turkey's leading electronics companies, to explore potential collaboration opportunities in the area of engine control systems.
Commenting on the agreement Bob Stoddart, Rolls-Royce President of Customer Business – Defence, said: "Having had some very positive initial discussions with the team at Aselsan we believe that there are some exciting opportunities around the areas of engine control systems and engine health monitoring that may help us both to grow our business in the Turkish market. This MoU enables us to have a more meaningful discussion and explore potential future collaboration.
"Turkey is an important market for Rolls-Royce and offers several exciting collaborative opportunities for our defence business in the areas of combat aircraft, helicopters and transport aircraft and the provision of support to our expanding engine fleet powering the Turkish Armed Forces."
Chairman of the Aselsan Board, Mr. Hasan Canpolat, stated: "We believe that, through this agreement, Aseslan and Rolls-Royce can create synergies and solutions that will bring benefits both in Turkey and to the wider global market."
Source: Rolls-Royce Plc (LSE: RR.L)
Date: May 22, 2014