|Bid||60.98 x 200|
|Ask||61.50 x 17100|
|Day's Range||81.48 - 82.15|
|52 Week Range||59.42 - 82.15|
|PE Ratio (TTM)||18.18|
|Dividend & Yield||1.85 (2.03%)|
|1y Target Est||N/A|
Europe aims to develop a low-cost, reusable rocket engine for use after 2030 under a deal between Airbus Safran Launchers and the European Space Agency (ESA). Airbus Safran said it would use new manufacturing techniques, including the use of 3D printers, to keep the engine's cost down to around 1 million euros ($1.1 million). "The commercial market - at least the European one - is asking for reliability, on-time delivery and cost, and we have to find the best way to answer these market expectations," its CEO, Alain Charmeau, told Reuters.
Lessor GECAS has placed an order for 100 Airbus A320neo aircraft, selecting CFM engines, due to be delivered from 2020 to 2024, the companies said on Monday at the Paris Airshow. The order comes after Boeing unveiled plans for a new version of its rival narrowbody jet on Monday, the 737 MAX 10. Airbus sales chief John Leahy said he did not view the new Boeing model as a rival to the A321.
Safran (SAF.PA) and its U.S. partner General Electric (GE.N) are would be willing to provide engines should Boeing (BA.N) go ahead with a new middle of market jet, the head of Safran's aircraft engine business said on Friday. "If the program is launched, we are ready and we have the resources to do it," Olivier Andries said at the Paris Air Forum on Friday, adding Safran would do so within the CFM joint venture with GE (GE.N).