Boeing and Safran said Nov. 9 the companies had received regulatory approvals to begin operations of their new auxiliary power units (APUs) joint venture (JV). Etienne Boisseau was named CEO of the JV.
“We are open for business and excited to offer even more value to our customers throughout the lifecycle of their investment,” Boeing Global Services chief executive Stan Deal said.
Along with Boisseau, others nominated to join the JV’s leadership team include Linda Hapgood as COO, Erin Morrissey as CFO, and Joan Inlow, chief technology officer.
“Safran is proud to launch this joint venture with Boeing in order to offer state-of-the-art APUs and enhance customer value,” Safran CEO Philippe Petitcolin said. “We are confident this joint team will provide first-class products and services within the best integrated industrial organization.”
The company’s name, future headquarters and production and service facilities all will be announced “at a later date,” the companies said. However, the initial team will perform design work in San Diego.
Boeing and Safran surprised the aerospace industry when they unveiled the JV in June, if only because the APU segment was seen as established with major providers Honeywell International and United Technologies owning market share. But the move into APUs, which are small gas turbines that provide electrical and pneumatic power on the ground and backup power in the air, follows Boeing’s insourcing and expansion into several verticals, including avionics, structures, mechanical systems and propulsion.
Safran already was a close partner with Boeing. It supplies several components to Boeing commercial and defense programs, including as a partner to produce CFM’s LEAP-1B engine for the 737 MAX through CFM International, a JV with General Electric. Boeing and Safran also are partners in Matis, a JV in Morocco producing wiring products for several airframe and engine companies.