Euro­pean space in­dus­try op­er­a­tional: Agree­ment signed for Air­bus Safran Launch­ers JV

SP's MAI - - CORPORATE NEWS -

Air­bus Group SE and Safran have signed an agree­ment for the sec­ond and final phase of their 50/50 joint ven­ture, Air­bus Safran Launch­ers. Both com­pa­nies will con­trib­ute to the cur­rent joint pro­gramme with in­dus­trial as­sets deal­ing with civil space launch­ers and mil­i­tary launch­ers.

Clos­ing of the deal is ex­pected in the sec­ond quar­ter of 2016 af­ter com­ple­tion of the re­main­ing cor­po­rate and other for­mal­i­ties. Fi­nan­cial de­tails of the trans­ac­tion will be com­mu­ni­cated at clos­ing.

Un­der the first phase of the JV, Air­bus Group and Safran cre­ated a joint pro­gramme company with their re­spec­tive civil pro­gramme con­tracts and ma­jor par­tic­i­pa­tions re­lated to civil launcher ac­tiv­i­ties. In this sec­ond and final phase, in­dus­trial as­sets and mil­i­tary launch­ers will be in­te­grated in the joint ven­ture. Air­bus Safran Launch­ers will be a fully-fledged op­er­a­tional company.

Air­bus Safran Launch­ers will em­ploy around 8,000 staff and pro­vide com­pet­i­tive so­lu­tions based on a fam­ily of ver­sa­tile, high­per­for­mance, cost-com­pet­i­tive launch­ers that meet the needs of both gov­ern­ment and com­mer­cial cus­tomers. This deal will en­sure the suc­cess of the Euro­pean space launcher busi­ness in the face of grow­ing in­ter­na­tional com­pe­ti­tion.

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