Airbus and Safran plan launch vehicle joint venture
Posted: Tue, Jun 17, 2014, 11:41 AM ET (1541 GMT)
Two European aerospace companies announced Monday that they plan to create a joint venture to develop most cost-effective versions of the Ariane launch vehicle. Airbus Group and Safran said they will create a 50-50 joint venture to support the development of an upgraded version of the Ariane 5, the Ariane 5 ME, as well as the next-generation Ariane 6. Airbus Group is the prime contractor for the Ariane 5, and Safran provides the cryogenic engines used on the main and upper stages of the rocket; the two companies are the largest industry shareholders in Arianespace. The companies provided few additional details on the joint venture, beyond their desire to allow the Ariane family to be more competitive against vehicles like the SpaceX Falcon 9.
Two European aerospace companies announced Monday that they plan to create a joint venture to develop most cost-effective versions of the Ariane launch vehicle. Airbus Group and Safran said they will create a 50-50 joint venture to support the development of an upgraded version of the Ariane 5, the Ariane 5 ME, as well as the next-generation Ariane 6. Airbus Group is the prime contractor for the Ariane 5, and Safran provides the cryogenic engines used on the main and upper stages of the rocket; the two companies are the largest industry shareholders in Arianespace. The companies provided few additional details on the joint venture, beyond their desire to allow the Ariane family to be more competitive against vehicles like the SpaceX Falcon 9.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
NASA IG cites overconfidence and unrealistic schedules for Starliner woes
Posted: Sat, Jul 4 8:11 PM ET (0011 GMT) |
|
news links
|
|
Tuesday, July 7
Unpacking Europe’s new weather imagers
ESA — 5:01 am ET (0901 GMT) Rocket Lab’s $8 Billion Bet
Los Angeles Business Journal — 4:59 am ET (0859 GMT) SpaceX Wins Bullish Calls With Morgan Stanley’s Target at $300
Bloomberg News — 4:53 am ET (0853 GMT) Artemis II crew member Jeremy Hansen says he’s stepping down from astronaut role
CNN — 4:49 am ET (0849 GMT) Failed rocket firm took slice out of pizza maker and dry cleaners
The Times of London — 4:48 am ET (0848 GMT) |
