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Airbus Group and Safran have agreed to create a 50-50 joint venture in space launchers, combining Airbus's launch systems with Safran's propulsion systems. As Ciara Sutton reports they hope the move will help them compete with new low-cost rivals.
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AFP (June 16, 2014) Aerospace giant Airbus Group and French engine maker Safran announced a joint venture Monday on space launchers, as Europe looks to compete with rising US rival SpaceX.
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