Snecma and Groupe SNPE in Merger Talks

Snecma and Groupe SNPE plan to merge their solid rocket propulsion activities into a 50-50 owned joint-venture to be named Herakles. This new venture would take over the two partners' activities in solid propulsion and solid propellants, pyromechanisms and related advanced composite materials for booster casing and nozzles. The new venture would incorporate the existing G2P consortium (75% Snecma and 25% Groupe SNPE), currently in charge of French ballistic missiles' propulsion as well as take over Groupe SNPE's 50% share in Celerg a joint-venture with EADS for ramjet and tactical missile production. The formation of Herakles will have to be approved by the French government.

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