Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The notified concentration involves the creation within the meaning Article 3(4) of the Merger Regulation of a joint venture (the “JV”) by wholly-owned subsidiaries of The Boeing Company (“Boeing”) and Safran S.A. (“Safran”) (together, the “Parties”) (the “Proposed Transaction”). The JV will perform on a lasting basis all the functions of an autonomous economic entity. The Proposed Transaction qualifies as a concentration under Article 3(1)(b) of Council regulation No. 139/2004.

The activities of the Parties are as follows:

• Boeing: an aerospace and defense company. It designs, manufactures and markets commercial jetliners and defense, space and security systems and is a provider of aftermarket services for the aerospace market. Boeing supports airlines and US and allied government customers in more than 150 countries. Its products and tailored services include commercial and military aircraft, satellites, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

• Safran: a French-based company active worldwide in aerospace (propulsion and equipment), aircraft equipment and defense. In the aerospace propulsion business, Safran is a manufacturer of aircraft engines, helicopter turbine engines and space engines. In the aircraft equipment business, it mainly supplies landing systems, wheels and brakes, nacelles, power transmission systems, electrical systems and wiring systems. It is also active on on-board systems for commercial, regional and business aircraft and helicopters and solutions to improve comfort and wellbeing on board aircraft, as well as high-technology systems to increase aircraft performance and flight safety.

• JV: The JV will design, manufacture, and supply auxiliary power units for use on In-Scope Aircraft, and will provide related aftermarket services in respect of such systems.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.