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. Last Updated: 07/27/2016

GE-Rybinsk Venture

MOSCOW () -- The U.S. General Electric Co. and struggling Russian aerospace giant Rybinsk Motors have reached an agreement on a joint venture to make jet engines, GE said Monday.

Financial details were not disclosed in the GE statement.

Rybinsk-GE Aviation Motors, as the joint venture will be called, will also market and service the jet engines in Russia.