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MTU Aero Engines and Safran Helicopter Engines signed a cooperation agreement to create the 50-50 joint venture EURA (European Military Rotorcraft Engine Alliance) to develop a military helicopter engine for future European programs.
“This joint venture will enable us to start developing new technologies such as hybrid-electric propulsion and high-temperature materials, to meet the specifications of future helicopter projects.”aviationweek.com
Summarized from public sources; check the original articles before acting on it.