|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||94.76 - 97.58|
|52 Week Range||51.10 - 152.30|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||60.25|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 27, 2019|
|1y Target Est||119.08|
French aerospace supplier Safran halved its core profit in the first half of the year as the COVID-19 crisis gutted demand for passenger jets. The engine maker posted a recurring operating profit of 947 million euros ($1.1 billion), down 49.7%, as revenues fell 28% to 8.767 billion. Analysts had expected operating profit of 840 million euros on revenues of 8.5 billion, according to Refinitiv data.
Before the 737 MAX and COVID-19 crises rocked aviation, Boeing offered a major 737 supplier, Teledyne Controls, a take-it-or-leave-it deal. If the Teledyne Technologies unit also wanted to be a top-tier supplier on the blockbuster 737 MAX program and a future jet codenamed NMA, it had to slash prices for its data systems, according to a person familiar with the situation. It also needed to give Boeing a share of the higher-margin work for repairs.
Britain is betting that satellite operator OneWeb will help it boldly go into a post-Brexit era. The British government and Indian telecoms conglomerate Bharti Enterprises said last week they would together put up $1 billion to buy OneWeb, which filed for bankruptcy after its biggest backer, SoftBank Group, declined to provide fresh funding. The deal offers a new lease of life for the venture, which was founded by U.S. entrepreneur Greg Wyler with the vision of providing "internet everywhere for everyone" via 648 low Earth orbit satellites.