SAF Safran SA

   By Allison Prang 
 

Boeing Co. (BA) and Safran SA (SAF.FR) said together that they are investing in Electric Power Systems, a closely held aerospace company that supports electric planes.

Boeing and Safran said their investment will help the Utah company work on technology to lower the costs of electric airplanes' battery systems, and help it build an industrial base that can make "aviation-grade energy-storage systems at an unprecedented scale."

Electric Power Systems supports planes including the Bell Nexus, the NASA X-57 and the Bye eFlyer.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

September 17, 2019 11:36 ET (15:36 GMT)

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