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Airbus Group and Safran to create 50/50 JV in launcher activities


Monday, 16 Jun 2014 02:30am EDT 

Airbus Group NV:Strengthens its partnership with Safran to propose new family of competitive, versatile and efficient space launchers, to serve both commercial and institutional needs.Companies agree to create 50/50 joint venture with key role for each shareholder in legacy activities especially in France and Germany.JV to combine expertise in launcher systems from Airbus Group as well as propulsion systems from Safran.Initiative capitalizes on preparatory activities undertaken under leadership of European Space Agency (ESA) and French Space Agency CNES.Joint company to contribute each company's respective civil programme contracts and participations related to civil launcher activities.Industrial assets to be subsequently contributed overtime.Signing of transaction first phase and initial start of JV operations expected before end of 2014. 

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