AlliedSignal And MTU Combine For Industrial And Marine GT Business

Thursday, June 17, 1999
AlliedSignal and MTU München, a subsidiary of DaimlerChrysler Aerospace, have agreed to form a $100 million joint venture company named Vericor Power Systems. The new company will market, sell and provide customer support for aeroderivative industrial and marine gas turbines ranging from 0.5 to 15 MW.

Contracts

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