Friday, July 6, 2012
Sagem, MTU Aero Engines Form Joint Venture
Sagem and MTU Aero Engines formed a 50/50 joint venture, AES Aerospace Embedded Solutions, to provide safety-critical software and hardware for military and civil aviation applications. This signature follows the Memorandum of Agreement announced in December 2011 by Sagem and MTU Aero Engines.
“The grouping of competences is a determining step to jointly open new markets. Therefore, the new joint venture will offer additional positive perspectives for our businesses. Together with Sagem we will focus on accessing a multitude of future development programs within the global aviation and defense industry, “ said Egon Behle, CEO of MTU Aero Engines.
AES will deploy some 200 engineers, primarily from MTU Aero Engines but also some from Safran. Its main products will include control systems for engines such as the TP400-D6 turboprop powering the Airbus A400M military transport, as well as other safety-critical hardware and software solutions such as controls for landing gear, braking, monitoring and information systems. AES will consolidate its skills and expertise by calling on the Safran Electronics division of Sagem.
AES will be headquartered in Munich, Germany on the MTU campus. Christophe Bruneau of Sagem will be the Chief Executive Officer and Thomas Faehr of MTU Aero Engines will be the Chief Technical Officer. Pending regulatory approval, AES should start operations by the end of the year.