Safran has announced that it has reached an agreement with Rolls-Royce to acquire Rolls-Royce’s 50 per cent share in their joint RTM322 helicopter engine programme. Upon closing, Turbomeca (Safran’s world-leading helicopter engine business) will assume global responsibility for the design, production, product support and services for the RTM322 engine, a 2,100-2,600 shp engine family equipping the Apache, EH101 and NH90 helicopters.

Rolls-Royce will provide full support during a transition phase enabling progressive transfer of all their activities to Turbomeca under this programme. The cash consideration for the transaction amounts to €293 million. The transaction, which is expected to close before year end, is subject to regulatory approvals and satisfaction of other customary closing conditions.