Airbus Safran Launchers awarded Ariane 6 development contract by European Space Agency
Issy-les-Moulineaux, August 12th, 2015
- 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 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.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 69,000 employees and generated sales of 15.4 billion euros in 2014. 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 2 billion euros in 2014. Safran is listed on Euronext Paris and is part of the CAC40 index.
For more information, www.safran-group.com / Follow @SAFRAN on Twitter