Safran, Airbus Group create space launch joint venture

The 50/50 joint venture, expected to be operational by the end of 2014, will focus on development of a new family of competitive space launchers to serve commercial and institutional needs.  

Airbus Group (Amsterdam, The Netherlands) and Safran (Paris, France) announced on June 16 that they are further strengthening their relationship to propose a new family of competitive, versatile and efficient space launchers, to serve commercial and institutional needs.

In this context, both companies have agreed to create a 50­/50 joint venture, with a key role for each shareholder in their legacy activities especially in France and Germany, combining expertise in the launcher systems from Airbus Group as well as propulsion systems from Safran.

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