LONDON - BAE Systems (BEAS) and Rolls Royce have signed a Memorandum of Understanding (MoU) to co-ordinate customer service contracts for the UK's Ministry of Defence and other worldwide customers.The agreement builds upon the companies' success in working together to support the UK's RB199-powered Tornado fleet by unifying airframe and engine maintenance, Rolls-Royce (other-otc: RYCEY.PK - news - people ) said in a statement.
'We believe that by aligning our resources we can deliver a quantum leap in capability for our customers and better meet their requirements, said Martin Fausset, MD of Rolls-Royce Defence Aerospace.
***side note*** check out the dip on BEAS....hmmmm..
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