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June 16, 2014
06:31 EDTEADSYAirbus, Safran to join forces in launcher activities, to create 50-50 JV
Airbus Group and Safran are further strengthening their relationship to propose a new family of competitive, versatile and efficient space launchers, to serve both 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. The current industrial initiative proposes: To further develop and accelerate entry-into-service of the Ariane 5 ME launcher as a logical evolution of Ariane 5, including an improved upper stage based on the Vinci engine; and to further develop the Ariane 6 launcher in a jointly agreed configuration, able to fulfil a range of missions as expressed by ESA, the National Space Agencies, Arianespace and satellite operators. In the first phase Airbus Group and Safran would create a joint program company in order to contribute their respective civil program contracts and major participations related to civil launcher activities. Subsequently, industrial assets would be contributed overtime in order to create a world class, fully-fledged jointly owned competitive company. Airbus Group and Safran will submit the creation of the Joint Venture to all respective approvals required. Signing of the first phase of the transaction and an initial start of operations of the Joint Venture are expected before the end of 2014.
News For EADSY From The Last 14 Days
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March 30, 2015
12:28 EDTEADSYLockheed Martin wins South Korean fighter jet contract, Reuters says
South Korea has selected Lockheed Martin (LMT) to develop a mid-level fighter jet in partnership with Korea Aerospace Industries for $7.9B, reports Reuters, citing statements from the Defense Acquisition Program Administration. The two companies beat out a bid from Korean Air Lines and Airbus (EADSY), notes Reuters. Reference Link
March 25, 2015
13:48 EDTEADSYAirbus to sell 17.5% stake in Dassault Aviation
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06:46 EDTEADSYAirbus to sell 15% stake in Dassault Aviation, Reuters reports
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March 24, 2015
06:59 EDTEADSYAirbus plane crashes in southern France, Bloomberg reports
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06:45 EDTEADSYAirbus plane crashes in Southern France, AFP reports
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06:28 EDTEADSYAirbus says RwandAir signs MOU for two A330 aircraft
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March 23, 2015
10:47 EDTEADSYAirbus agrees to sell Rostock System to Ferchau Engineering, Reuters reports
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March 18, 2015
14:10 EDTEADSYBoeing, Airbus stepping pressure on supllier over seat delays, Reuters says
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March 17, 2015
07:18 EDTEADSYSatellite & Access Intelligence to hold a exhibition
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