31/03/2011 (Agence Europe) - SAFRAN authorised to acquire SNPE solid rocket propulsion business. On Thursday 31 March, the European Commission cleared SAFRAN's proposed acquisition of the solid rocket propulsion business of French state-owned SNPE, composed of SNPE's subsidiary SNPE Matériaux Energétiques and SNPE's participation in REGULUS, a joint venture between SNPE and the Italian company Avio. SAFRAN is a French company active mainly in aerospace propulsion, aircraft equipment,...