Reply to post: Re: Would Tim have rescued Rolls Royce in the seventies?

It's the white heat of the tech revolution, again!

graeme leggett

Re: Would Tim have rescued Rolls Royce in the seventies?

By 1971, RR was -if not the entirety - the vast majority of British aero-engineering.

It was strategic and thus needed to be saved. And since the RB211 needed buyers - and the only buyer was the Tristar being made by the nearly bankrupt Lockheed, it was fortunate(!) that Lockheed was propped up by US gov as well.

http://hansard.millbanksystems.com/commons/1971/may/10/rb211-engine

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