The transaction is targeted to close first quarter of 2009 at the latest and is subject to customary closing conditions and regulatory approvals.
SAFRAN, with approximately $17 billion in revenue in 2007, is an international high-technology group. SAFRAN has been operating in the U.S. for 30 years and is a world leader in a number of industrial segments, including aircraft engines through the 34-year CFM International Joint Venture with General Electric, and also supplies aircraft components used on many U.S. military platforms as well as civil aviation customers. Its largest U.S. customer is Boeing and it has significant relationships with other U.S. aerospace companies. SAFRAN operates in aerospace propulsion, aircraft equipment, defense and security.
Products incorporating SAFRAN's technology have been used for over 20 years by the U.S. Air Force, U.S. Navy, U.S. Army, U.S. Marine Corps, U.S. Coast Guard and NASA. Representative products today include KC-135R Stratotanker C-17 Globemaster, F/A-18, F-16, F-22, V-22 and C-130. SAFRAN is party to over 100 technical assistance agreements (TAAs) and manufacturing licence agreements (MLAs), has 22 empowered corporate officials dedicated to export control and regulations and is committed to full compliance to such requirements and implements internal policies and procedures to this end.
SAFRAN has more than 57,000 employees in over 30 countries, including 3,500 employees in the U.S. with facilities and offices in 42 locations across 19 states.
Sagem Securite is one of the wo
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