Amsterdam/Paris, June 30, 2016 . Airbus Group SE and Safran will finalise today the creation of their Airbus Safran Launchers 50/50 Joint Venture, which becomes a fully-fledged operational company.
Airbus Safran Launchers was already managing launcher programme activities and associated
equity stakes, and with this closing the company officially incorporates the parent companies’
assets and subsidiaries related to its core business.
Airbus Safran Launchers is a world-class company, with about 8,400 employees in France and
Germany. It is the head company in a group comprising 11 subsidiaries and affiliates, all leading
players in their fields: APP, Arianespace, Cilas, Eurockot, Eurocryospace, Europropulsion,
Nuclétudes, Pyroalliance, Regulus, Sodern and Starsem. Airbus Safran Launchers inherits a
rich portfolio of products and services, enabling it to deliver innovative and competitive solutions
to numerous customers around the world.
Today’s final step is the culmination of an ambitious strategic initiative, started in 2014, to
reshape the launcher industry in Europe and better serve French, German and European
strategic interests.
Tom Enders, CEO of Airbus Group, said, “With the closing of this agreement, Airbus Safran
Launchers becomes fully operational and will focus all its efforts on delivering more competitive
solutions to its customers. Top of the list is the next generation Ariane 6 launcher, which is due
to have its maiden flight as early as 2020.”
Philippe Petitcolin, CEO of Safran, said: “I would like to extend my warm thanks to our
customers, partners, suppliers and, of course, our employees, for their support and trust during
this process. Achieving such a radical transformation is a complex and challenging task. But it
sets us firmly on the path to a more integrated, more efficient and more competitive European
launcher industry.”
In order to obtain a 50% stake in Airbus Safran Launchers, Safran will make an economic
equalisation of €750 million
