HEADLINE NEWS
ROLLS REORGANIZES AEROSPACE GROUP
NEW YORK Rolls-Royce's Aerospace Group, seeking greater financial accountability, will spin off its military and civil engine groups into subsidiary companies at the start of 1994. The new businesses, renamed Rolls-Royce Commercial Aero Engines, Ltd., and Rolls-Royce Military Aero Engines, Ltd, will join the recently formed Rolls-Royce Aero Engine Services, Ltd., as individual operating companies.