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ROHR INC. ANNOUNCES DISCONTINUED DISCUSSIONS ON BUSINESS JET JOINT VENTURE

 ROHR INC. ANNOUNCES DISCONTINUED DISCUSSIONS
 ON BUSINESS JET JOINT VENTURE
 CHULA VISTA, Calif., April 27 /PRNewswire/ -- Rohr (NYSE: RHR) previously announced on Jan. 15, 1992, it had reached an understanding in principle to enter into a joint venture with a partnership of two Singapore companies led by Singapore Aerospace Ltd. The purpose of the joint venture was to create a separate company to own and operate Rohr's existing and future business jet nacelle programs.
 After a number of months of negotiations directed at formalizing the agreement in principle, the companies have now mutually agreed the joint venture would be in neither company's best interest and have decided to discontinue further discussions.
 At this time, Rohr does not plan to solicit other partners for its business jet operations and will continue to produce and develop the company's business jet programs within its existing operations. Business jet programs accounted for approximately 2 percent of the company's sales in fiscal year 1991.
 Rohr designs, integrates, manufactures and supports engine nacelle systems and components for commercial, military and business aircraft. Rohr, headquartered in Chula Vista, has facilities in the United States and Europe.
 -0- 4/27/92
 /CONTACT: John Walsh of Rohr, 619-691-2808/
 (RHR) CO: Rohr Inc. ST: California IN: ARO SU: JVN


CH -- SD004 -- 3212 04/27/92 13:14 EDT
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Publication:PR Newswire
Date:Apr 27, 1992
Words:218
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