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Airbus Safran Launchers Awarded Ariane 6 Development Contract by European Space Agency - The European Space Agency (ESA) and Airbus Safran Launchers signed a €2.4 billion contract covering the development of the Ariane 6 launcher in its two versions, Ariane 62 and 64 - Airbusafran-Launchers.com
Airbus Safran Launchers Awarded Ariane 6 Development Contract by European Space Agency

 

NewswireToday - /newswire/ - Issy-les-Moulineaux, Hauts-de-Seine, France, 2015/08/12 - The European Space Agency (ESA) and Airbus Safran Launchers signed a €2.4 billion contract covering the development of the Ariane 6 launcher in its two versions, Ariane 62 and 64 - Airbusafran-Launchers.com. PAR: SAF | SAFRAN

   
 
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• The contract finances the development and industrialisation of the Ariane 6 launcher through the fully operational level, set for 2023, with a first flight scheduled in 2020;
• Airbus Safran launchers is the prime contractor for Ariane 6.

This contract includes, notably, a firm commitment of some €680 million for initial development activities (phases A & B) up to the Preliminary Design Review scheduled for mid-2016.

Beyond the contract signed today the total amount for the development of the launcher will be approximately €3 billion, including boosters to be shared by Ariane and Vega, as well as €400 million of industrial investment.

"The contract - signed within a matter of months of the historic decision taken by representatives of the ESA member states during the Ministerial Conference on 2 December 2014 in Luxembourg to build a latest generation European launcher - will see industry taking on the leading role in its design and marketing," said Alain Charmeau, CEO of Airbus Safran Launchers. "Both our and our European industrial partners' commitment is a sign of our determination to provide our customers, whether they be institutional or commercial, with a launcher that is as reliable as ever while being increasingly competitive and adapted to the rapidly evolving space market. I would once again like to thank the European Space Agency and the national agencies, in particular the CNES, the DLR and ASI, for their support and trust."

The Airbus Safran Launchers teams will now finalise the design of the two versions of the Ariane 6 launcher and the accompanying industrialisation process as part of a new industrial structure established within Europe to improve efficiency.

About Airbus Safran Launchers
The creation of Airbus Safran Launchers (airbusafran-launchers.com) opens a new chapter in the history of the launcher industry. Reflecting the joint ambition of Airbus Group and Safran to boost the European space industry to unscaled heights, our new company will develop innovative and competitive solutions by uniting the strengths of two leading contributors to modern launch vehicles.
Airbus Safran Launchers is equally owned, combining Airbus Defence and Space's expertise in launchers (especially in France and Germany), and Safran's expertise in liquid and solid rocket propulsion.

The goal of Airbus Safran Launchers is to provide comprehensive, advantageous solutions in this increasingly competitive market, based on a family of versatile, high-performance, cost-competitive launchers that meet the needs of both government and commercial customers.

Safran (safran-group.com) is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013*. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed on Euronext Paris and is part of the CAC40 index.

* Sales in 2013 restated for the impacts of IFRS11 amounted to 14.4 billion euros.

Contact: Astrid Emerit
P: +33(0)1 55 64 31 10 - E: astrid.emerit[.]airbus.com.

 
 
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Written by / Agency / Source: Safran Group

 
 

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Airbus Safran Launchers Awarded Ariane 6 Development Contract by European Space Agency

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Airbus Safran Launchers | The European Space Agency
Publisher Contact: Isabelle Levy-Dessart 
+33(0)1 55 64 31 10 isabelle.levy-dessart[.]airbusafran-launchers.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

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