(February 29, 2012) – Paul Hastings LLP, a leading global law firm, announced today that it has advised General Electric Company, in the planned joint venture among its GE Aviation business unit, a world-leading provider of jet and turboprop engines, components and integrated systems, Japan’s Nippon Carbon Co., Ltd. (“Nippon Carbon”) and France's high-technology group Safran.
The joint venture will manufacture and sell high-performance, heat-resistant silicon carbide continuous fiber for use in next-generation aircraft engine components. The venture, through which GE Aviation aims to secure an ongoing supply of materials for its engines, will be owned 50% by Nippon Carbon and 25% by each of GE and Safran.
The Paul Hastings team was led by partner Ted Johnson
with support from associate Rumiko Uchida
. Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.