Engines
Rolls-Royce To Exit Electrical Propulsion Business
The aircraft engine maker is looking for buyers for its Electrical division
Vertical Aerospace VX4 eVTOL prototype aircraft in untethered remotely piloted flight tests.
Rolls-Royce's Electrical business unit is developing the electric propulsion system for Vertical Aerospace's VX4 eVTOL aircraft.

Rolls-Royce is open to offers from prospective buyers for its Electrical division, which is focused on activities such as developing electric propulsion systems for eVTOLs, including Vertical Aerospace’s VX4. The UK-based aircraft engine maker revealed the move as part of a wider restructuring plan rolled out on Tuesday in a briefing for analysts that could include other divestitures across the group expected to raise up to £1.5 billion ($1.9 billion) over the next five years.

Announcing details of a long-anticipated corporate reboot, Rolls-Royce CEO Tufan Erginbilgiç said the company is “looking at options to exit [the Electrical business] in the short-term or alternatively for the right value, reduce our position to minority with an intention to exit fully in the mid-term.”

In this article