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ESSENTIALS 35,000+ SINGLE AISLE COMMERCIAL JET ENGINES 1+ MILLION SEATS in service worldwide(1) in service in fleets worldwide

IS AN INTERNATIONAL 27,800+ equipped with our landing systems 1 OUT OF EVERY 3 HELICOPTER HIGH-TECHNOLOGY GROUP TURBINE ENGINES operating in the (, equipment and interiors), sold worldwide defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 84,000 employees and holds, 3,000 COMBAT AIRCRAFT fitted with our inertial alone or in partnership, world or European leadership positions 80+ SUCCESSFUL navigation systems in its core markets. Safran undertakes research and development 5(2) launches in a row programs to maintain the environmental priorities of its R&T and Innovation roadmap.

100+ KILOMETERS OF WIRING 45,000+ POWER in each 787 Dreamliner TRANSMISSIONS, totaling over 1 billion flight-hours

23,000+ NACELLE OUR CORE PURPOSE COMPONENTS in service 350+ EJECTION Thanks to the commitment of our employees, proven innovation SEATS and operational excellence, Safran designs, builds and supports (3) high-tech solutions to contribute to a safer, more sustainable world, for Rafale fighters where air transport is more environmentally friendly, comfortable and accessible. We also apply our skills to develop solutions that meet strategic needs, such as defense and access to space. 1 out of every 2 commercial aircraft equipped with OUR EVACUATION SLIDES 650,000 TROLLEYS flying worldwide

(1) In partnership with GE through CFM International. SAFRAN AERO BOOSTERS • SAFRAN AEROSYSTEMS • (2) In partnership with through SAFRAN CABIN • SAFRAN ELECTRICAL & POWER ArianeGroup. SAFRAN ELECTRONICS & DEFENSE • SAFRAN HELICOPTER ENGINES 200 MILLION PASSENGERS (3) Through Safran Martin Baker , • SAFRAN NACELLES • SAFRAN PASSENGER SOLUTIONS use our RAVE In-Flight the 50/50 joint company between Safran SAFRAN SEATS • SAFRAN TRANSMISSION SYSTEMS Entertainment System every year and Martin-Baker.

2 3 BOOSTING AIRCRAFT ENGINES HELICOPTER ENGINES Safran provides the world’s leading aircraft Safran turbine engines power AIR TRANSPORT manufacturers with innovative and helicopters from the world’s leading reliable propulsion solutions. Through manufacturers, including Airbus CFM International(1), Safran developed Helicopters, Bell, Leonardo, HAL, Russian PERFORMANCE and is producing the LEAP engine, Helicopters and AVIC. The Arrius and successor to the CFM56, the world’s Arriel engines power machines in the best-selling commercial . light (1.5 to 3.5-ton) and medium (2 LEAP engines power the Airbus A320neo, to 5-ton) classes, while the Makila and MAX and C919. We RTM322 power heavy helicopters such also make the SaM146(2) for the Sukhoi as the NH90 and AW101, in the 9 to Superjet 100 . As one of the 14-ton class. Safran is also developing world’s leading makers of military aircraft two new helicopter engines, engines, we produce the M88 for the the Arrano for helicopters in the 4 to Rafale multirole fighter and the TP400 6-ton class (H160), and the Ardiden for (3), which powers the Airbus the 5 to 8-ton class (Dhruv, Ka-62 and A400M military transport aircraft. In AC352). In addition, we have launched addition, Safran and MTU Aero Engines development of the Aneto, a new announced their partnership jointly to family of high-power engines for super- lead the development, the production and medium and heavy helicopters from 8 to the after-sales support activities of the 15 tons (AW189K). engine that will power the next generation combat aircraft, as part of the Franco- German .

© Cyril Abad / CAPA Pictures Safran NACELLES

Safran designs, manufactures and No. 1 WORLDWIDE supports aircraft nacelle systems. Safran covers the entire lifecycle • engines powering single-aisle mainline of engines, systems and equipment commercial jets(1) Safran is the only nacelle manufacturer for civil and military fixed • helicopter turbine engines in the world to supply these essential and rotary- aircraft. • cabin interiors for regional and parts for all market segments, from As a long-standing partner to business aircraft regional and business aircraft to the world’s leading aircraft • cabin liners, galleys, trolleys and mainline commercial jets. We are manufacturers, Safran anticipates containers developing, alone or in partnership with (2) its customers’ needs, supports • wheels and carbon brakes Middle River Aerostructure Systems • the development of new mobility (ST Engineering), nacelles for the modes and helps reduce • helicopter flight controls the environmental footprint of • electrical wiring LEAP-powered Airbus A320neo and the air transport industry. • evacuation slides and oxygen systems COMAC C919, as well as the Airbus • onboard water and waste A330neo and for the Pearl 700 and management systems GE Passport™ bizjet engines. Safran also provides the exhaust system for GE9X engines which power the Boeing 777X. © Anthony Pecchi / Safran

(1) The 50/50 joint company between Safran Aircraft Engines and GE. (1) In partnership with GE. (2) Through PowerJet, the 50/50 joint company between Safran Aircraft Engines and UEC Saturn. 4 (2) Mainline commercial jets with more than 100 seats. (3) Through the GmbH consortium. 5 ENGINE AND ELECTRONICS EQUIPMENT

Safran develops a wide range Safran makes a wide range of of state-of-the-art products and systems and equipment for services to improve handling the engines powering civil and ease, flight safety and aircraft military fixed and rotary-wing performance, including cockpit aircraft: mechanical power solutions, critical software transmissions, engine control and hardware, as well as units(1), lubrication, cooling and electromechanical actuation, filtration components, etc. navigation, visual perception Our innovative solutions are used and data management systems. on a number of different engines, One out of every three including the CFM56 and LEAP commercial worldwide from CFM International (2), and uses our Cassiopée flight data the Rolls-Royce Trent 500, 700, analysis services. 800, XWB and 7000(3). © Raphael Olivier / CAPA Pictures Safran © Adrien Daste / Safran ELECTRICAL SYSTEMS

Safran offers proven expertise in all aircraft electrical systems, including LANDING power generation, distribution and

conversion, aircraft wiring (with AND BRAKING © Adrien Daste / Safran fasteners and protection devices) electric motors and system integration. SYSTEMS As the world leader in electrical wiring © Cyril Abad / CAPA Pictures Safran interconnect systems (EWIS), Safran Safran designs, produces and takes an active role in developing supports landing gear, wheels, “more electric” aircraft, as well as carbon brakes and complete hybrid and all-electric propulsion landing systems for civil and systems for new platforms, such as military fixed and rotary-wing vertical takeoff and landing aircraft aircraft, including the Airbus A320, (VTOL). Safran is already involved in A320neo, A330, A350 XWB, A380 the testing phase on various programs and A400M, the Boeing 737 of this type. Next-Generation, 737 MAX, 767, 777, 787 Dreamliner and F-18, the Falcon 7X / 8X and Rafale, the /8000 and the . (1) Through FADEC International, the 50/50 joint company between Safran Electronics & Defense and BAE Systems. (3) Through Aero Gearbox International, (2) The 50/50 joint company between Safran the 50/50 joint company between 6 Aircraft Engines and GE. Safran Transmission Systems and Rolls-Royce. 7 CABIN INTERIORS

Safran provides everything needed for a seamlessly integrated aircraft cabin: overhead bins, separations, cupboards, lavatories, galleys and inserts. We design, produce and support the world’s most innovative aircraft interiors, using advanced

materials and technologies to make © Frank Rogozienski / CAPA Pictures Safran sure that passengers enjoy a safe and comfortable flight. © Frank Rogozienski / CAPA Pictures Safran

ONBOARD SYSTEMS, SEATS FLIGHT AND Safran designs and builds GROUND SAFETY innovative, customized and high- value-added seating solutions for © Cyril Abad / CAPA Pictures Safran Safran designs essential high- all classes: economy, premium tech systems and equipment economy, business and first for today’s aircraft. We develop class, as well as crew seats. Our and produce safety systems complete range of ergonomic (evacuation slides, life rafts and seats ensures passenger comfort, vests), oxygen, control, onboard based on state-of-the-art design water and waste management and engineered components to and seat actuation systems, plus ensure optimized use of space. innovative in-flight entertainment Safran also provides technical systems as part of our “connected and commercial support to all cabin” offering. customers, throughout the life of its products. © Safran Seats

8 9 A COMPREHENSIVE RANGE OF AIRCRAFT EQUIPMENT

10 11 ENGINEERING PROTECTING Safran conducts research & development for its entire CITIZENS range of products, based on a collaborative effort by its specialists in all disciplines. Today, our R&D efforts mainly focus on solid and fluid mechanics, materials, production processes, electronics and algorithms. Safran also offers complete engineering service packages. © Cyril Abad / CAPA Pictures Safran

CUSTOMER SUPPORT © Alexandre Paringaux / Safran Safran offers customers comprehensive service packages that help drive down operating costs. Through our global maintenance, repair and overhaul (MRO) network, we keep aircraft As a major player in the global market in the air. We also analyze the for optronics, avionics, inertial navigation, No. 3 WORLDWIDE • Inertial navigation systems huge streams of data from tactical drones, electronics and safety-critical connected equipment to develop software, Safran offers a complete range of systems and equipment that improve the personalized service solutions efficiency of armed forces in many different and guarantee maximum dispatch countries. Our innovative solutions also No. 1 IN reliability for our customers, along facilitate the jobs of homeland security and • Tactical drones with more efficient maintenance police forces, customs agencies and search • Inertial navigation systems planning, plus lower cost and & rescue teams at sea or in the mountains. • Optronic (electro-optical) systems more efficient management of spare parts inventories. © Adrien Daste / Safran

12 13 NAVIGATION & GUIDANCE SOLDIER MODERNIZATION SYSTEMS Safran offers high-performance navigation systems and all their Through the FELIN soldier component parts. We are a leader modernization program, Safran has in inertial sensor technology, with built up solid expertise in integrating solutions known for their high reliability, warfighters in today's digital very high precision and extreme battlefield. Portable optronics, radios, robustness, designed to operate even parachutes, personal protection under the harshest conditions. Safran equipment today, exoskeletons, is prime contractor for the AASM/ increasingly autonomous drones Hammer air-to-ground guided weapon and robots tomorrow… these are just deployed by Rafale fighters. We also some of the products and services supply seekers for the Mistral, MICA IR, wielded by Safran to protect the light anti-ship and the medium- integrity of armed forces and give range (MMP), along with the them a decisive edge in the field. sighting system for the MMP’s launcher © Adrien Daste / Safran station. Safran’s products are at the heart of the high-precision navigation systems on France’s ocean-going strategic deterrent force. © Adrien Daste / Safran

OPTRONICS DRONES & ROBOTS Safran has developed expertise in Safran offers a complete range all technologies that go into a drone of optronic (electro-optical) © Éric Raz / system, allowing it to meet the systems and equipment for military requirements of many different types applications (submarines and surface of missions: surveillance, intelligence, vessels, combat vehicles, aircraft, etc.). protection of armed forces, threat We also design and produce portable detection, collaborative battlespace, optronic equipment, like etc. Drawing on more than 25 years the JIM family of multifunction of experience as a prime contractor infrared binoculars, in service for the construction of tactical drones, with or on order by more than Safran has developed the latest- 40 countries. Furthermore, Safran is generation Patroller™, a multi-sensor, prime contractor for the FELIN long-endurance tactical drone, already soldier modernization program, selected by the French army. We are an integrated equipment suite also developing eRider, an autonomous, deployed by French infantry units. reconfigurable all-wheel drive vehicle that can be used for a wide range of missions. Another prime area of focus at Safran is the integration of autonomous vehicles in military operations, as well as for civilian use, 14 especially in urban environments. 15 © Pieter Bastiaans / Safran FACILITATING LAUNCH VEHICLES ArianeGroup (a 50/50 joint Safran designs and produces ACCESS TO SPACE company between Airbus and thrusters and propulsion Safran) is prime contractor subassemblies used by satellites for Europe’s and throughout their operating life. launchers, with responsibility for In particular, we are a pioneer design, production and marketing in electric propulsion systems, of launch services, via its subsidiary which significantly decrease the . ArianeGroup also amount of fuel that satellites need makes the missiles for France’s to carry, thus reducing launch ocean-going nuclear deterrent costs and environmental impact. force. ArianeGroup and its Safran’s PPS® 5000 thruster has subsidiaries are recognized been chosen to handle propulsion worldwide for the quality of their duties on all-electric space equipment and propulsion platforms for Thales Alenia Space systems, and also apply their and Airbus Defense & Space. expertise to other sectors. Safran Safran also supplies command has been selected to develop and control solutions for satellite and produce the new SpaceNaute ground stations. inertial reference unit for the upcoming Ariane 6 .

HIGH-PERFORMANCE SPACE OPTICS © ESO/Y. Beletsky

Safran designs, develops, manufactures and integrates a complete range of high- performance optics and high- precision opto-mechanical Safran is a major player in the space sector, equipment for satellites, large including launch vehicles and missiles, No. 1 WORLDWIDE • High-performance space optics telescopes and high-energy propulsion and equipment for satellites and lasers. In particular, we make space vehicles, and high-performance optics. advanced mirrors for leading In short, Safran facilitates access to space, a strategic capability at several levels, including astronomy programs such as the safeguarding national independence, Extremely Large Telescope (ELT) supporting the growth of telecommunications and the Apollon giant laser. and expanding our scientific knowledge, No. 1 IN EUROPE whether through observing the Earth or • Satellite plasma propulsion exploring the Universe. systems © ArianeGroup Holding / Pagecran

16 17 LE CHANGEMENT CLIMATIQUE, TOWARDS LOW-CARBON DEVELOPING ELECTRIC AND AIRCRAFT HYBRID PROPULSION SYSTEMS UNE PRIORITÉ ABSOLUE FOR AIRCRAFT At Safran, we are already contributing to the development of new, All-electric propulsion is not in the cards ultra-energy-efficient aircraft, in line with for mainline aircraft for the moment the European aviation industry’s target because of the excessive weight of of going carbon-neutral by 2050. batteries. However, electric power is Low-carbon aircraft, planned to hit the already being used or under study for a market towards 2030-2035, will have to number of other aircraft systems. At feature an innovative aerodynamic Safran, we already invest heavily in design, considerable weight savings and research, most notably via partnerships an optimized onboard energy system. with specialized startups, to make For the last few years, we have already maximum use of the electric power been working on disruptive new available on current aircraft. One likely concepts, such as the Open Rotor, an solution to meet energy efficiency unshrouded gas turbine engine with two © iStockphoto targets for upcoming generations of counter-rotating fans, designed to commercial aircraft is a hybrid system, reduce CO emissions by 15% versus 2 entailing an electric propulsion system current engines. Safran also supports used in conjunction with conventional research on additive manufacturing and thermal propulsion, along with increased composite materials, which are lighter electrification of secondary functions. MEETING THE CLIMATE and stronger. By reducing weight, these We have carved out a leadership role solutions decrease the aircraft’s fuel in hybrid and all-electric architectures, consumption. CHALLENGE, A TOP PRIORITY thanks to our proven expertise in all aspects of aircraft electrical systems. We are already working with various © ESO/Y. Beletsky manufacturers on different projects, SUPPORTING THE DEPLOYMENT including the EcoPulse distributed OF SUSTAINABLE FUELS hybrid propulsion demonstrator with and Airbus, and vertical takeoff and landing (VTOL) concepts. Safran aims to blaze a path towards Safran is conducting an ambitious the use of alternative fuels, such as policy to tackle the challenge of biofuels and synthetic fuels. Liquid

climate change and support the N°75% 1 MONDIAL hydrogen is also being considered transition to a carbon-neutral OF OUR RESEARCH• des optiques& TECHNOLOGY spatiales aviation industry by 2050. as a fuel, because it eliminates CO2 INVESTMENTSde haute performance emissions in flight. However, all of We are already working on go to reducing the environmental a number of solutions to help footprint of our products. these options would require significant reinvent the aviation industry, changes from current aircraft design, N° 1 EUROPÉEN © Eric Drouin / Safran including new engine architectures, • de la propulsion plasmique sustainable fuels and “more and therefore a stronger partnership des satellites electric” aircraft. between Safran and aircraft manufacturers. Safran already offers data analysis solutions to enhance the energy efficiency of aircraft engines.

18 19 INNOVATIVE SOLUTIONS TO TARGETED INVESTMENTS TO ANTICIPATE MARKET NEEDS MEET CUSTOMER EXPECTATIONS At Safran, research and innovation are Safran is developing a global production fundamental. By focusing on these organization and commercial presence essential areas we can develop to foster its own growth and that of its tomorrow’s technologies, products and customers. Our research & technology services. We invested some 1.7 billion programs, developed in conjunction in R&D in 2019. Our efforts in this with aircraft manufacturers, address area are applied through major research the most stringent requirements for programs, our own centers of expertise competitiveness and environmental and partnerships, as well as targeted protection. While we are of course acquisitions enabling us to add basic solidly anchored in France, which technology building blocks. Around 16% accounts for 52% of our workforce of our employees support our and the strategic core of our R&D technological excellence, whether and production activities, we have working in Group companies, or Safran also made international development

© Adrien Daste / Safran Tech, our corporate R&T center. a top priority.

FOSTERING CROSS- BOOSTING DISCIPLINARY EXPERTISE OUR PERFORMANCE DELIVERING EXCELLENCE Safran has always teamed up with Safran focuses on cost-effective top-tier partners from around the technological and industrial TO SUPPORT world, reflecting our commitment to excellence across the entire open innovation. We work with leading product lifecycle. For example, government and academic research we have implemented an approach OUR CUSTOMERS centers, including the CEA(1), ONERA(2), called QRQC (Quick Response engineering schools and universities. Quality Control) and a Lean-Sigma­ We also form partnerships with our methodology across the Group and suppliers and with companies from at our suppliers, to boost our other sectors, such as the auto parts performance. Most of our support giant Valeo. Through our corporate functions are now organized into venture capital fund, Safran Corporate shared services centers. We are Safran has always delivered excellence to consolidate 7% Ventures, we invest in innovative currently deploying the global startups. In-house, we encourage One Safran initiative, a Group-wide our positions and drive growth, OF 2019 SALES based on a strategy of standing the cross-fertilization of expertise, process-based management system, reinvested in R&D out through innovation. We focus especially through an employee-driven backed by standards of operational on R&D, backed by the continuous innovation initiative. excellence. Safran is also integrating improvement of all functions NEARLY OUT OF EVERY 6 1 innovative new technologies in our and the development of new ways Group employees works on R&D. of working together. new production units, such as digital QUALITY AND FLIGHT SAFETY continuity and additive manufacturing, By deploying a quality management to drive sustained growth. system based on the identification and handling of risks associated with our products, Safran is raising its standards to guarantee passenger safety and (1) French Atomic Energy and Alternative retain the trust of both our customers Energies Commission. and aviation authorities. (2) French research agency. 20 21 SOCIAL CONCERNS LABOR RELATIONS

Safran pledges to uphold all laws One of the major challenges for governing our international operations. Safran’s Human Resources policy is to Our commitment to the fight against develop our human capital, allowing corruption and a "zero tolerance" us to plan ahead to meet changing policy are formally expressed in our skills requirements. ethics charter, a responsible lobbying Safran’s social model is based on the charter, an anti-corruption code of firm conviction that employees are conduct and a fair trade program. In our primary asset. We give them a addition, we have set up a powerful stake in determining our strategy and organization to ensure compliance sharing the fruits of success through with export controls and customs a constructive labor-management regulations. We establish long-term dialog, an active employee relationships with our suppliers, shareholding policy, including reflected in a responsible procurement matching funds, profit-sharing and charter. incentive payments, and much © Raphael Olivier / CAPA Pictures / Safran © Raphael Olivier / CAPA Pictures Safran more. As a responsible employer, Safran values diversity, a key factor in performance and innovation, and makes a proactive commitment to equal opportunity. In addition, A RESPONSIBLE through our HSE* policy, we strive to protect the health and safety of employees, notably by reducing the CORPORATE risks in these areas.

CITIZEN © Adrien Daste / Safran

*HEALTH, SAFETY ENVIRONMENT AND ENVIRONMENT (HSE) Safran is committed to developing Given today's pressing environmental UNITED NATIONS a prevention-based culture to challenges, Safran is fully committed Safran’s corporate social responsibility GLOBAL COMPACT manage health and safety risks for to the sustainable development of (CSR) policy is based on sustained the benefit of all stakeholders the aerospace and defense sectors, commitments and values that are SIGNATORY (employees, partners, suppliers, as well as reducing the environmental supported by top management Safran contributes to 12 out of 17 customers, etc.). This commitment footprint of production facilities and shared by all employees. United Nations' 2030 Sustainable was renewed in 2019 when the To better meet the expectations of Development Goals. Group's Executive Committee through our low-carbon project. all stakeholders, we have organized signed a Health, Safety and Safran's HSE policy underpins our our CSR strategy around three areas - Environment policy, effective at all efforts to develop a culture based social concerns, labor relations and the GLOBAL CSR sites. Our facilities are audited environment - and also set up yearly according to Safran's own on anticipation and prevention to a dedicated governance structure. AGREEMENT certification process, which is efficiently manage our environmental signed in 2017 with the global union validated by a third party. In 2019, impact. federation, IndustriALL Global 121 facilities worldwide earned a Union, and representatives of French bronze, silver or gold label. metallurgical union federations.

22 23 WORKING AT SAFRAN: ALLOWING EMPLOYEES A UNIQUE EXPERIENCE TO SHAPE THEIR IN A HOTBED OWN CAREER PATH OF EXCELLENCE When you work at Safran you're choosing a diversified career, Working at Safran means being starting with onboarding support part of an enterprise that is shaping and continuing with mobility our future, and being part of a and skills development. Safran community of people who are University gives our employees a passionate about their professions wide range of courses to support and who share the same values their development within the Group. and goal: to meet tomorrow’s Safran also offers possibilities technological, environmental and for geographic and professional social challenges. From operators mobility, allowing our employees on the shop floor to senior to develop their multidisciplinary

© Adrien Daste / Safran management, everybody at Safran expertise, acquire new skills and is passionately committed to shape their own careers. Last, but developing today's and tomorrow’s not least, we organize initiatives high-tech, international and to support the integration of multicultural environment. Our young people in the workforce, facilities deploy state-of-the-art TALENT, THE KEY by welcoming a number of students techniques, including additive in work-study programs, plus manufacturing, augmented reality, interns and student researchers. TO OUR CURRENT advanced machine tools, cobots (collaborative robots) and much more. Reflecting this initiative, two AND FUTURE SUCCESS production lines at Safran have earned the French government’s “Showcase for Tomorrow’s Industry” label. Not to mention that teamwork and knowledge-sharing are both integral parts of Safran’s DNA, In our high-tech business sectors, today’s allowing our employees to fulfill innovations, and the talent behind them, will ensure tomorrow’s successes. themselves in their jobs. Unleashing our human potential is naturally 2.3+ MILLION a top priority for Safran. HOURS OF TRAINING Working at Safran means being part of a deep provided in 2019 culture of innovation, and undergoing a unique and enriching experience day after day. © Cyril Abad / CAPA Pictures / Safran © Cyril Abad / CAPA Pictures Safran

SEE OUR JOB OFFERS AT www.safran-talents.com

24 25 84,000 EMPLOYEES IN MORE THAN 270 LOCATIONS IN 30 COUNTRIES

Europe © Cyril Abad / CAPA Pictures Safran 54,800 64.5 % PHILANTHROPY & FOUNDATIONS

Whether in France or in other countries Safran has supported 20,800 where we operate, Safran’s philanthropic actions reflect our values and commitment to 710+ PROJECTS % 24.5 5,500 3,700 responsible corporate citizenship. We support since 2005 actions by associations and also carry out % 6.5 % 4.5 projects in conjunction with our employees, Americas spanning key areas such as education, social and professional inclusion, equal opportunity, Africa Asia-Pacific support for creativity and talent, etc. and Middle East THROUGH OUR TWO CORPORATE FOUNDATIONS, FOR SAFRAN’S PHILANTHROPY POLICY INTEGRATION AND MUSIC, is based on a three-pronged approach Safran is committed to the encompassing educational, social and cultural fight against the exclusion of initiatives. We provide financial support to young people with disabilities, public and private partners, independently of and we support the training our commercial interests. Ethics and integrity and early career development are the two watchwords in our philanthropy of talented young classical endeavors. musicians.

26 27 2, BoulevardduGénéralMartialValin 75724 ParisCedex15-France safran-group.com

Safran Corporate Communications - Design: Free-Lance’s l’Agence - Document printed by Déjà Link - September 2020 - Photo credits cover: Cyril Abad / CAPA Pictures / Safran. CFM, CFM56, LEAP and the CFM logo are registered trademarks of CFM International, a 50/50 joint venture between Safran Aircraft Engines and GE.