Safran Completes Acquisition of 81% of GE Homeland Protection

PARIS and FAIRFIELD, Connecticut, September 8 /PRNewswire-FirstCall/ --Safran and GE (NYSE: GE) announced today that they have completed thetransaction originally announced on April 24, 2009, for Safran to acquire 81%of GE's Homeland Protection business (GE Homeland Protection). GE will retaina 19% stake in the company, as well as a seat on the Board of Directors.

Homeland Protection is a leader in explosive and narcotics detection foraviation safety, checked baggage screening, military & criticalinfrastructure protection and new growth platforms in Chem/Bio, X-ray andRadiation/Nuclear detection. Safran group's subsidiary Sagem Securite willoperate the new business.

About Safran

Safran is a leading international high-technology group with three corebusinesses: Aerospace (propulsion and equipment), Defense and Security.Operating worldwide, the Safran group has 54,500 employees and generatedsales exceeding 10 billion euros in 2008. Working alone or in partnership,Safran holds world or European leadership positions in its core markets. TheGroup invests heavily in Research & Development to meet the requirements ofchanging markets, including expenditures of 1.2 billion euros in 2008. Safranis listed on NYSE Euronext Paris and its share is part of the SBF 120 andEuronext 100 indexes. For more information, http://www.safran-group.com.

About Sagem Securite

Sagem Securite (SAFRAN Group) is a high-technology company. One of theworld's leading suppliers of identity solutions, Sagem Securite focuses onapplications including personal rights and flow management, in particularbased on biometrics, a sector in which it is the world leader, secureterminals and smart cards. Its integrated systems and equipment are deployedworldwide and contribute to the safety and security of transportation, data,people and states. For more information, http://www.sagem-securite.com .

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media companytaking on the world's toughest challenges. From aircraft engines and powergeneration to financial services, medical imaging, and televisionprogramming, GE operates in more than 100 countries and employs about 300,000people worldwide. For more information, visit the company's Web site athttp://www.ge.com.

SOURCE SAFRAN