|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.25 - 31.79|
|52 Week Range||27.58 - 38.35|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||36.40|
|Forward Dividend & Yield||0.13 (0.42%)|
|Ex-Dividend Date||May 28, 2021|
|1y Target Est||N/A|
Investors took heart from a positive statement from a key aerospace supplier and a change of sentiment helped the sector early in 2022.
Jet engine maker Safran believes the worst of the crisis in aviation caused by COVID-19 is over, and plans to hire 12,000 people worldwide this year to build its capacity back up, its chief executive told a French newspaper. Safran is the world's third largest aerospace contractor and with General Electric it co-produces engines for Airbus and Boeing aircraft. When the COVID-19 pandemic hit, Safran, along with most other players in the sector, reduced capacity and cut some jobs in response to the sharp downturn in orders from airlines.
Pratt & Whitney's improved version of the geared turbofan engine used by Airbus SE's strong-selling A320neo jet family will help build backlog, the engine maker said on Thursday. Raytheon Technologies' Pratt said it will also meet the demands of its largest commercial customer, Airbus, which has asked suppliers to explore rates as high as 75 a month by 2025. Pratt says the updated GTF will be the most powerful engine for the A320neo family when it enters service in January 2024.