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Airbus, Safran Complete Space Launchers Joint Venture

Cal Biesecker By
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Airbus, Safran Complete Space Launchers Joint Venture
Graphic by Airbus Safran Launchers

Airbus Group and Safran Group on Thursday 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 final…

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