Aerospace Group:

Airbus, Safran Complete Space Launchers Joint Venture

Friday, July 8th, 2016

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Airbus Group and Safran Group on June 30 said they have finalized the creation of their joint venture for the space launchers business, meaning it is now full-fledged operational company.The two companies initiated operations of their 50-50 joint venture on Jan. 1, 2015 after approval by the European Space Agency in December 2014. Safran is making an $831 million payment to Airbus to obtain its 50 percent stake in Airbus Safran Launchers.Europe’s Airbus and France’s Safran said that with the…

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