|Bid||60.98 x 200|
|Ask||61.50 x 17100|
|Day's Range||89.62 - 90.54|
|52 Week Range||74.97 - 92.36|
|PE Ratio (TTM)||7.89|
|Forward Dividend & Yield||1.60 (1.81%)|
|1y Target Est||92.25|
Safran SA (ENXTPA:SAF) outperformed the Aerospace and Defense industry on the basis of its ROE – producing a higher 37.92% relative to the peer average of 14.52% over the pastRead More...
Southwest Flight 1380 had to make an emergency landing on Tuesday after an engine failure. The engine was manufactured by CFM International, a joint venture of General Electric and France's Safran Aircraft Engines. The engine failure that forced an emergency landing of a Southwest LUV flight on Tuesday couldn't have come at a worse time for General Electric GE , former GE Vice Chairman Bob Wright told CNBC on Thursday.
The U.S. Federal Aviation Administration said it will order inspection of about 220 aircraft engines as investigators have found that a broken fan blade touched off an engine explosion this week on a Southwest flight, killing a passenger. The order, which it initially proposed in August following an incident in 2016, will require ultrasonic inspection within the next six months of the fan blades on all CFM56-7B engines that have accrued a certain number of takeoffs. Airlines said that because fan blades may have been repaired and moved to other engines, the order would affect far more than 220 of the CFM56-7Bs, which are made by a partnership of France's Safran and General Electric.
CFM International, the company that supplied the engine that exploded on a Southwest Airlines flight on Tuesday, said on Wednesday it is sending about 40 General Electric and Safran technicians to assist ...
The aircraft involved in a deadly Southwest engine failure was last inspected just two days prior to its malfunction, said Gary Kelly, chief executive officer and chairman of the Dallas-based airline.
Saudi Aramco announced on Tuesday deals with major French companies including Total , Technip and Suez, as Saudi Crown Prince Mohammed bin Salman visited France. Saudi Aramco and Total said they had signed ...
April 3 (Reuters) - Xinjiang Machinery Research Institute Co Ltd: * SAYS ITS UNIT SIGNS LONG-TERM SUPPLY AGREEMENT WITH FRANCE'S SAFRAN, 1ST BATCH OF COMPONENT ORDERS WORTH $89.73 MILLION Source text in ...
(Corrects to say Vietjet signed an MoU, not contract, with Safran-CFM) HANOI, March 27 (Reuters) - Vietnam's Vietjet Aviation on Tuesday signed deals worth a combined $7.3 billion with Safran-CFM and GE ...
Safran SA (ENXTPA:SAF) saw its share price hover around a small range of €83.1 to €91.36 over the last few weeks. But is this actually reflective of the share valueRead More...
PARIS/NEW DELHI (Reuters) - French and Indian companies signed contracts worth 13 billion euros (£11.6 billion) on the first day of President Emmanuel Macron's visit to India on Saturday, the French presidency said in a statement. The deals include a contract for France's Safran (SAF.PA) to supply airline Spice Jet (SPJT.BO) with engines, water system modernisation by Suez (SEVI.PA) in the southern city of Davangere and a contract between industrial gas company Air Liquide (AIRP.PA) and Sterlite. Macron and Indian Prime Minister Narendra Modi – addressing a news conference in New Delhi – also committed to strengthening their partnership on defence and security.
The head of Boeing Co (BA.N) said on Thursday the U.S. planemaker can absorb transactions on the scale of a proposed tie-up with Brazil's Embraer without putting at risk internal investments in its business or returning cash to shareholders. Chairman and Chief Executive Dennis Muilenburg also told Reuters in an interview that Boeing was "making progress" in talks with the Brazilian aerospace company. It continues to study a number of possible structures for a deal, which some outside analysts have said could value Embraer at $5-6 billion (3.62 billion pounds to 4.34 billion pounds).
French aeronautics supplier Safran is contingency planning for a cliff-edge Brexit that disrupts cross-border supply chains and could lead to divergence in British and European Union regulations, a senior company director said on Tuesday. Marie de Saint-Cheron, Safran's director for European Affairs, said she considered the proposed transition too short a period to negotiate new treaties and added that a hard Brexit, whereby World Trade Organisation rules apply, could not be ruled out.
Dassault Aviation announced plans for a new long-range business jet on Wednesday, renewing a battle with Gulfstream at the top end of the market as demand for the ultimate status symbol recovers from a prolonged recession. The new Falcon 6X plane will be able to fly from London to Los Angeles and will enter service in 2022, Chief Executive Eric Trappier told journalists at a business aerodrome outside Paris. "It will feature the most spacious cabin in the long-range segment," Trappier said in a vast showroom for prestige jets, adding that it would sell for $47 million.
Dassault Aviation announced plans for a new long-range business jet on Wednesday, renewing a battle with Gulfstream at the top end of the market as demand for the ultimate status symbol recovers from a prolonged recession. The new Falcon 6X plane will be able to fly from London to Los Angeles and will enter service in 2022, Chief Executive Eric Trappier told journalists at a business aerodrome outside Paris.
Dassault Aviation (AVMD.PA) said on Wednesday that it was in talks with French engine maker Safran (SAF.PA) over delays in the development of the Silvercrest engine, which it has blamed for a decision to cancel its Falcon 5X business jet programme. "We are claiming we need compensation...so right now we are discussing this sensitive subject with Safran," he added.
France's Safran (SAF.PA) is close to an agreement to supply a version of its M88 military jet engine for India's Tejas light combat aircraft, two people close to the discussions said. The deal, if confirmed, could be finalised during a visit to India by French President Emmanuel Macron next month, they said, adding that negotiations could still be blown off course. Safran declined comment.
Airbus SE’s plan to further lift production of its A320neo jet faces resistance from both engine suppliers after Safran SA joined Pratt & Whitney in suggesting the move would strain resources to the limit....
Safran (SAF.PA) is working on plans to get LEAP jet engine deliveries back on schedule by mid-year after the knock-on effect of supplier quality problems pushed back deliveries by 4-5 weeks, said Chief Executive Philippe Petitcolin. Safran, which along with GE (GE.N) faced calls from Airbus (AIR.PA) this month to eradicate delays in the deliveries of the LEAP engine in 2018, had said earlier it was executing a "strong action plan" to cut costs and achieve a gross breakeven on the engine by end-decade.
France's Safran predicted 7-10 percent growth in core income this year and announced a share buyback as it unveiled higher-than-expected sales and profits, with strong demand for aircraft equipment offsetting a dip in 2017 engine profits. The maker of engines, landing gear and optronics also extended Philippe Petitcolin's mandate as chief executive by two years to the spring of 2020 as it prepares to absorb Zodiac Aerospace and hike output of its new LEAP jet engine. Safran, which partners General Electric in producing the engines for Boeing and Airbus medium-haul jets, said the cost of a transition to the new LEAP generation of engines peaked at 342 million euros ($422 million) in 2017.
The head of French aero engine maker Safran said on Tuesday he preferred to wait until the beginning of 2019 before committing to further increases in engine production to support possible jetliner output of 70 a month. Safran CEO Philippe Petitcolin said deferring a decision to the beginning of next year would allow the company's CFM engine joint venture with General Electric to assess the status of a sharp ramp-up in LEAP engine production at the end of 2018. It would also need to understand how long such high levels of jet production would be sustainable as it ponders the investments needed to expand production further, he added.
French investment company FFP, one of the leading shareholders in Peugeot, has acquired a stake in French aerospace and technology group Safran with a view to having a say on how Safran is governed and managed. The FFP said in a statement on Tuesday that following Safran's takeover of Zodiac Aerospace and after a further purchase of Safran shares on the market, it now held around 3.2 million Safran shares.
France's Safran predicted 7-10 percent growth in core income this year as it unveiled higher-than-expected 2017 sales and profits, with strong demand for aircraft equipment offsetting a dip in engine profits. The maker of engines, landing gear and optronics also said on Tuesday that its board had extended Philippe Petitcolin's mandate as chief executive by two years to the spring of 2020 as it prepares to absorb Zodiac Aerospace and hike output of its new LEAP jet engine. Safran, which partners General Electric in producing engines for Boeing and Airbus medium-haul jets, said a financial headwind from the transition to the new LEAP generation of jet engines peaked at 342 million euros ($422 million) in 2017.