Rolls-Royce agrees deal for Aero Engine

British aircraft engine maker Rolls-Royce said Friday that it will buy the 50 percent of Aero Engine Controls that it does not already own from joint venture partner Goodrich for an undisclosed amount. Rolls-Royce said in a statement that the deal has been agreed with United Technologies Corp (UTC), which is in the process of acquiring Goodrich. It added that the acquisition would have no material impact on this year’s finanical performance. “Engine control systems play an increasingly important part in enhancing the fuel efficiency and overall performance of modern jet engines,” Rolls-Royce said in the statement. “This acquisition will give Rolls-Royce full ownership of a critical capability that confers competitive advantage.” Aero Engine Controls (AEC) was formed in 2009 when Goodrich Corporation and Rolls-Royce decided to combine their engine controls operations. From khaleejtimes