Boeing [NYSE: BA] has announced it has received regulatory approvals to form a joint venture with Safran [EPA: SAF] to 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 company said.
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, California.
The joint venture combines Boeing´s customer and airplane knowledge and Safran´s experience designing and producing complex propulsion systems.
Boeing is the world´s largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security systems. Boeing is also the world leader in combined commercial airlines and government services with customers in more than 150 countries.
Safran is an international high-technology group, operating in the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 58,000 employees and sales of 16.5 billion euros in 2017.