Safran forms partnership with Russian state-owned company Rostechnologies
Rambouillet, November 27, 2009
Within the scope of Russian Prime Minister Vladimir Putin's visit to France, Safran and Rostechnologies signed a collaboration and partnership framework agreement today in Rambouillet.
The agreement was signed by Safran Chief Executive Officer Jean-Paul Herteman, and the CEO of the state-owned company Rostechnologies, Sergey Chemezov.
The framework agreement defines the general guidelines for collaboration, which will lead to the implementation of joint high-technology projects, in particular concerning engines for helicopters such as the Ka 226, Ka 62 and Mi 34, and associated equipment.
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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defense and Security. Operating worldwide, the Safran group has 54,500 employees and generated sales exceeding 10 billion euros in 2008. 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 1.2 billion euros in 2008. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.
Rostechnologies is a state-owned company founded on November 23, 2007 and registered in the Russian Federation. It was created to help support technological development, as well as the production and export of high-tech products. Rostechnologies provides support for Russia's domestic and export markets, and promotes investments in different industry organizations.
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