FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. REUTERS/Denis Balibouse/File Photo
June 4, 2018
(Reuters) – Planemaker Boeing Co <BA.N> and French aerospace firm Safran SA <SAF.PA> will join forces to make and service auxiliary power units (APUs), used to start aircraft engines and run other aircraft systems.
Both companies will have a 50 percent stake in the U.S.-based venture, the companies said.
Safran already makes APUs, a small but important part of jet engine systems, and currently supplies a wide range of components to Boeing commercial and defense programs.
(Reporting by Arunima Banerjee in Bengaluru and Mike Stone in Washington; Editing by Saumyadeb Chakrabarty)