Industry Addendum
Boeing and Safran to collaborate on Auxiliary Power Units
July 1st 2018
The Boeing Company and Safran have announced a 50/50 joint venture, to be based in the U.S, to design and build aircraft auxiliary power units (APUs). Read More » The industry leaders expect regulatory approval and anti-trust clearance for the new company to be completed by year-end.
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Safran is a significant supplier of components to Boeing’s commercial and defence programs and is a 50% partner in CFM’s LEAP-1B engine that powers Boeing’s B737MAXs. The aerospace giants also are joint venture partners in MATIS, which manufactures wiring products for engines and aircraft.
Boeing Global Services president and CEO, Stan Deal, said: “this strategic partnership will leverage Boeing’s deep customer and airplane knowledge with Safran’s experience in designing and producing complex propulsion assemblies to deliver expanded and innovative solutions to our customers.”
Safran CEO, Philippe Petitcolin, said: “Together, we are committed to delivering advanced APUs and world class support to our customers. This partnership will have no impact on our 2018 guidance nor on our plan to return US$2.7 billion in cash to our shareholders in the next 18-24 months.”
