Boeing and Safran form joint venture for auxiliary power units

Boeing Co. and Safran SA announced a 50-50 partnership to design and build auxiliary power units for jetliners. The venture will be based in the U.S. and is expected to close later in 2018 pending regulatory approval.

“The 50-50 partnership will be based in the U.S., the companies said in a statement Monday.”bloomberg.com

• 2 sources
• bloomberg.comBoeing Sharpens Threat to Suppliers With Safran Power-Unit Deal - BloombergJulie JohnssonJun 4, 2018
• geekwire.comBoeing partners with Safran on auxiliary power unitsAlan BoyleJun 4, 2018

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