Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Kale Group & Rolls Royce partner to produce engines for Turkey’s first national fighter jet: TF-X 
08.05.2017

Rolls Royce, the British automotive and aviation giant, and Kale Group, one of Turkey’s prominent defense contractors, have announced the establishment of a joint venture.

 

Kale Group will own 51 percent and Rolls Royce 49 percent of the joint venture company, which will be known as the TAEC Aircraft Engine Industry Corporation. The agreement was signed on May 8, 2017, in Istanbul. TAEC will produce jet engines for both military and civilian purposes, with intellectual property rights to the engines remaining in Turkey.

 

Kale Group announced that they are taking the lead on the TF-X National Fighter Jet project currently being developed by Turkish Aerospace Industries, Inc. (TAI). The TF-X will be Turkey's first domestically designed and produced fighter jet and it is meant to replace the current fleet of F-16s in the early 2020s.

 

The joint venture follows the USD 125-million-defense deal signed between Turkey and the UK in January 2017 during UK Prime Minister Theresa May’s visit to Ankara. The deal is intended to promote cooperation between the UK’s Aviation and Defense Company, BAE Systems, and TAI on the TF-X project.

20.10.2017 ISPAT Holds Roadshow in Asia to Secure More FDI from China, South Korea and Japan
12.10.2017 WAIPA Knowledge Forum on FDI
11.10.2017 US-Based A. Schulman Commissions Factory in Northwestern Turkey
04.10.2017 German Trailer Manufacturer Schmitz Cargobull Invests in Turkey
22.09.2017 President Erdoğan addresses key US investors at executive meeting in New York
20.09.2017 Turkven and Sancak Group invest in MNG Kargo
13.09.2017 Austrian Hamburger Containerboard invests EUR 300 million in greenfield paper mill
13.08.2017 Investors ramp up investments, continue to show confidence in Turkey's economy
08.08.2017 Turkish-German consortium to build Turkey’s largest combined wind power plants
05.08.2017 Abraaj Group invests in Turkish Netlog Logistics
<<
1 2 3 4 5 6 7 8 9 10
>>