Safran SA

Safran SA engages in the design, manufacture, and sale of aircraft, defense, and communication equipment and technologies. It operates through the following segments: Aerospace Propulsion, Aircraft Equipment, Defense, and Aerosystems, Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, and drones. The Aircraft Equipment, Defense, and Aerosystems segment covers the full life cycle of systems and equipment for civil and military aircraft and helicopters; and is involved in landing gear and brakes, nacelles and reversers, avionics, security systems, onboard computers, and fuel systems. The Aircraft Interiors segment engages in the manufacture of Cabin interiors for regional, medium-haul, long-haul, business and military aircraft. The Aircraft Interiors segment is composed of aircraft seats for passengers and crew, cabin equipment, overhead bins, class dividers, passenger service units, cabin interior solutions, chilling systems, galleys, electrical inserts and trolleys, and cargo equipment. The company was founded on August 16, 1924 and is headquartered in Paris, France.

Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in the first few months of 2025, the French jet engine maker said on Wednesday.

Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

French jet engine maker Safran announced plans on Tuesday to invest more than 1 billion euros ($1.08 billion) and hire 4,000 people worldwide to "radically scale up" its global engine repair network.

Safran announces 1 bln euro investment in engine repair network

Safran SA (OTCPK:SAFRF) Q3 2024 Earnings Conference Call October 25, 2024 2:30 AM ET Company Participants Olivier Andriès - Chief Executive Officer Pascal Bantegnie - Chief Financial Officer Conference Call Participants Aymeric Poulain - Kepler Cheuvreux Ian Douglas-Pennant - UBS George Zhao - Bernstein Olivier Brochet - Redburn Atlantic Chloe Lemaire - Jefferies Ken Herbert - RBC Capital Markets Ben Heelan - Bank of America Christophe Menard - Deutsche Bank David Perry - JPMorgan Herve Drouet - CIC Market Solutions Operator Welcome to the Safran Third Quarter 2024 Revenue. At this time, I would like to turn the conference over to your host, Olivier Andriès, Safran's CEO; and Pascal Bantegnie, Group CFO.

Safran SA (SAFRF) Q3 2024 Earnings Call Transcript

The aerospace-industry supplier raised its recurring operating income guidance after revenue rose in the third quarter, driven by after-market services and demand for aircraft equipment and interiors.

Safran Upgrades Guidance as Revenue Rises

French jet engine maker Safran trimmed its revenue forecast for the year but nudged its profit goal higher after supply bottlenecks delayed deliveries of LEAP engines.

Safran makes mixed changes to forecasts after jet engine delays

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Does Safran SA (SAFRY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Safran SA (SAFRY) Is Up 1.50% in One Week: What You Should Know

Safran's strong free cash flow, net-cash status, and balanced capital allocation make it a compelling long-term investment. Increased global defense spending and Safran's robust performance in the defense sector position it for continued growth. Safran's low beta offers portfolio diversification, with low correlation to the SPY index and high correlation to defense sector ETFs.

Safran: Recent Uncorrelation, Growing Free Cash Flow And Defense Industry Tailwinds

Safran's revenues grew 19%, driven by strong services demand, despite supply chain issues affecting CFM LEAP engine production and Boeing 737 MAX delays. Aerospace Propulsion and Equipment & Defense segments showed strong growth, with significant increases in OEM and services revenues, boosting overall margins. Risks include supply chain bottlenecks and early engine removals, but high services demand and potential easing of supply issues present opportunities.

Safran Remains My Favorite Aerospace Supply Stock To Buy

French jet engine maker Safran and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on Monday.

Safran in talks with MBDA over Roxel's stake, La Tribune reports

French jet engine maker Safran said on Monday it had struck a deal to buy AI firm Preligens for 220 million euros ($243.3 million).

Safran buys AI firm Preligens for 220 million euros

Jet engine and equipment maker Safran reaffirmed financial targets as it posted higher first-half profit on Wednesday, led by growth in the demand for spares and maintenance for existing aircraft and an end to losses in aircraft interiors.

France's Safran posts higher first-half profit

Safran stock is up on industry tailwinds, exceptional economics, and reinvestment opportunities. The company has numerous compelling catalysts for growth including defense budget increases and civil aftermarket sales. The valuation debate hinges on FY'24–'26E sales growth exceeding 7% in my view.

Safran: Defense Tailwinds Increase Competitive Advantage, Throwing Off ~$2Bn FCF

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Striking Safran workers in the Montreal area have reached an agreement in principle with the French jet engine maker after being on strike over pay since May 28, a union representative Michael Durand told Reuters on Thursday.

Striking workers, Safran reach agreement over pay in Montreal, Canada, says union

A five-week strike by Montreal-area Safran SA workers who make landing-gear components used in Boeing and Airbus jets shows no signs of resolution as planemakers say supply-chain snags are hampering production.

Five-week Quebec Safran strike adds to aircraft supply-chain woes

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Improving air passenger traffic and rising U.S. defense funding are expected to bolster the aerospace-defense industry, amid lingering supply-chain issues. You may keep an eye on SAFRY, LDOS & TXT.

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French jet engine maker and defence company Safran said on Thursday it had received clearance from Italy to buy Microtecnica, the company which holds Collins Aerospace's flight control assets in the country.

French jet engine maker Safran gets Italy's clearance to buy Microtecnica

Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets will begin an unlimited general strike on Tuesday over pay, a union official told Reuters on Monday.

Quebec Safran workers to start unlimited strike on Tuesday, union says

Striking Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets have made a counter offer that could avert a longer dispute, a union official told Reuters on Friday.

Striking Canadian Safran workers make new offer to avert lengthy walkout, union says

The two companies dominate aircraft manufacturing and their recent production issues provide opportunities for others. Here are two stocks in the sector that can gain.

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Safran stock has outperformed the market, gaining nearly 38% compared to a 13% market return. Safran's Q1 revenues grew by 19.1% on an organic basis, reflecting strength in the aftermarket and timing of sales. Safran has lowered its CFM LEAP engine deliveries outlook due to reduced production rates of the Boeing 737 MAX.

Safran Stock: An Aerospace Powerhouse To Buy

Safran SA (OTCPK:SAFRY) Q1 2024 Earnings Conference Call April 26, 2024 2:15 AM ET Company Participants Olivier Andries - Chief Executive Officer Pascal Bantegnie - Chief Financial Officer Conference Call Participants Ben Heelan - Bank of America George Zhao - Bernstein Ian Douglas-Pennant - UBS Phil Buller - Berenberg Ross Law - Morgan Stanley Robert Stallard - Vertical Research Tristan Sanson - BNP Paribas Exane Chloe Lemaire - Jefferies Christophe Menard - Deutsche Bank Olivier Brochet - Redburn Atlantic Operator Welcome to the Safran First Quarter 2024 Revenue. At this time, I would like to turn the conference over to your host, Olivier Andries, Safran CEO; and Pascal Bantegnie, Group CFO.

Safran SA (SAFRY) Q1 2024 Earnings Call Transcript

Safran confirmed its full-year guidance after it posted first-quarter revenue above expectations, as the postpandemic recovery in air traffic continued.

News for Safran SA Stock (SAFRY)