Siemens sells aerospace startup to Rolls-Royce
FRANKFURT, June 18 (Reuters) - Siemens struck a deal to sell its in-house startup Siemens eAircraft to Rolls-Royce for an undisclosed sum, it said on Tuesday.
Siemens eAircraft, which develops electric and hybrid-electric propulsion systems for the aerospace industry, has about 180 employees. (Reporting by Christoph Steitz Editing by Tassilo Hummel)