December 21, 2011 / 1:20 PM / 6 years ago

Safran CEO sees potential in avionics tie-up

PARIS, Dec 21 (Reuters) - A further tie-up between French state-controlled aerospace companies Safran and Thales would only have potential if it covered the broad field of avionics, the chief executive of Safran said on Wednesday.

His comments came a day after the two groups announced a provisional deal to set up a joint venture in optronics, ditching earlier attempts to agree a more ambitious asset swap urged on them by the French government.

Left out of the deal was a previously discussed partnership in inertial navigation, which allows an aircraft to guide itself automatically, but Safran CEO Jean-Paul Herteman told a French parliamentary committee this would make more sense as part of a broader tie-up in avionics.

“My personal that the relevant field where new partnerships would have potential is not just in the field of inertial navigation...(but) in a broader category that we call avionics,” he said. (Reporting by Cyril Altmeyer; Writing by Lionel Laurent; Editing by James Regan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below