Boeing and Safran to launch a joint venture
Everett - The US aircraft manufacturer Boeing and the French high-technology group Safran who operates in the aircraft propulsion and equipment, want to design, build and service Auxiliary Gas Turbines for aircraft.
The joint venture will be headquartered in the US, and both founder partners hold a %50 stake of the new company. Boeing and Safran expect to launch it in the second half of the year.
Safran and Boeing are already working together in various programs of the US aircraft manufacturer. For instance, Safran subsidiary CFM International delivers the LEAP engines for the Boeing's 737 MAXs. Besides, the two companies already founded the joint venture MATIS in Morocco, which produces cable products for various aircraft and engine manufacturers.
Safran has so far mainly produced smaller Auxiliary Power Units / Auxiliary Gas Turbines for military aircraft, helicopters, and business jets.
The joint venture is primarily to be seen as an attack on the two major APU manufacturers Honeywell and Pratt & Whitney who have so far been the preferred partners for Boeing.