Rolls-Royce and Kale Group have announced the formation of a joint venture company to target aero engine opportunities in Turkey. Kale Group will own 51 per cent and Rolls-Royce 49 per cent of the joint venture, which aims to develop aircraft engines for Turkey, initially targeting the TF-X National Fighter Jet Project. The agreement was signed at a ceremony in Istanbul today attended by Osman Okyay, Deputy CEO of Kale Group and Chris Cholerton, Rolls-Royce, President - Defence Aerospace.
Osman Okyay said: "Today we are very pleased and proud to be uniting our energy with one of the biggest jet engine makers of the world. This partnership is a milestone in the development of the aerospace and defence industries of Turkey."
Chris Cholerton said: "We are delighted to announce this new Joint Venture and to have the opportunity to work together with Kale to develop the national engine for TF-X."
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