Paul Hastings Advises GE Aviation on Aircraft Engine Components Joint Venture in Japan
Tokyo (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.
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