Airbus, Safran finalize Ariane joint venture

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Airbus and Safran have finalized the creation of their launch vehicle joint venture.

Two companies announced they had closed the deal to create Airbus Safran Launchers (ASL) that will be responsible for the manufacturing of the Ariane 5 and future Ariane 6 vehicles.

ASL was already managing that work while their parent companies worked out final terms of the agreement.

Under that new deal, Safran will pay Airbus 750 million euros ($835 million), 50 million euros less than originally planned, to give the companies a 50-50 share of ASL. [Reuters]


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