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Boeing, Safran Joint Venture to Start Operations

: Nov 13, 2018 - : 1:34 am

Boeing and Safran have received regulatory approvals for a joint venture so they can begin designing, building and servicing aircraft Auxiliary Power Units (APUs)—onboard engines that are primarily used to start the main engines and power aircraft systems while on the ground and, if necessary, in flight. The companies also named Etienne Boisseau as Chief Executive Officer of the joint venture.

 

The agreement establishes a partnership between two of the world’s leading aerospace companies to work together on APU products and expanded service capabilities to benefit customers and industry. Both companies have a 50 percent stake in the joint venture. The initial team will perform design work in San Diego, Calif.

 

“Safran is proud to launch this joint venture with Boeing in order to offer state-of-the-art APUs and enhance customer value. Together, we are committed to delivering innovative, highly technological and cost-competitive solutions to global customers. We are confident this joint team will provide first-class products and services within the best integrated industrial organization,” said Philippe Petitcolin, CEO of Safran.

 

The joint venture combines Boeing’s customer and airplane knowledge and Safran’s experience designing and producing complex propulsion systems.

 

“We are open for business and excited to offer even more value to our customers throughout the lifecycle of their investment. This joint venture strengthens Boeing’s vertical capabilities as we continue to expand our services portfolio. By making strategic investments that accelerate our growth plans, we also are providing our customers with expanded, innovative services solutions,” said Stan Deal, President and CEO of Boeing Global Services.

 

In addition to Etienne Boisseau, others nominated to the joint venture’s leadership team include Chief Operating Officer Linda Hapgood, Chief Financial Officer Erin Morrissey, and Chief Technology Officer Joan Inlow.

 

The location of the future headquarters and production and service facilities will be announced at a later date.

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