Roll-Royce Buys Goodrich Stake Of Aero Engine Controls Joint Venture

Rolls-Royce is buying out the 50% stake that Goodrich Corp. holds in the Aero Engine Controls (AEC) joint venture. United Technologies Corp. (UTC), which is in the process of acquiring Goodrich, has approved the divestiture, but completion of the transfer of AEC shares still awaits the closing of...

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