Safran

Airbus Safran Launchers | May 10, 2016

Airbus group and Safran have signed an agreement to put strategic missile launchers into their 50/50 space launchers joint venture, the two companies said in a joint statement. “Both companies will contribute to the current joint program with industrial assets dealing with civil space launchers and military launchers,” the companies said....

Airbus Safran Launchers | July 20, 2016

The European Commission on July 20 approved the Airbus Safran Launchers (ASL) takeover of launch-services provider Arianespace, saying the companies had accepted conditions the commission imposed to minimize the chance of anti-competitive behavior. The decision, which was expected, is likely to result in ASL’s payment of about 150 million euros ($166 million) to the French space agency, CNES, which holds the 35 percent stake on behalf of the French government. CNES officials have said they...

Airbus Safran Launchers | July 09, 2016

Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT), beware: The competition to win contracts for launching satellites into space just got a little bit tougher. Earlier this year, we told you how European aerospace giant Airbus (NASDAQOTH:EADSY) is moving to shore up its business in actual space, and to lower prices to better compete with Boeing and Lockheed Martin's United Launch Alliance. In cooperation with France's smaller Safran SA, Airbus produces Ariane 5 rockets for spaceflight via a...

Airbus Safran Launchers | July 07, 2016

The July 30 consolidation of Airbus Safran Launchers allows the transition of 7,500 employees to the new entity from the two parent companies following resolution of a tax issue but has no bearing on the investigation of ASL by European Commission authorities. The commission recently extended, for the second time, its review of ASL’s proposed purchase of the 35 percent of launch-services provider Arianespace now owned by the French space agency, CNES. The new tentative deadline for the dec...