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Safran SA (SAFRF)

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91.01-0.02 (-0.02%)
At close: 02:35PM EDT
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  • The Telegraph

    Faulty French parts blamed for RAF jet engine failures

    A British government minister has blamed the French for problems with RAF jet engines that could delay military pilot training for up to three years.

  • Zacks

    Raytheon (RTX) Secures $215-Million Deal for WAAS From FAA

    Raytheon (RTX) is set to deliver more modern and therefore sustainable manufacturing, system security and network architecture, including dual frequency service for WAAS.

  • Reuters

    Safran H1 profit rises but more supply chain snags ahead

    PARIS (Reuters) -French jet engine maker Safran posted higher first-half earnings and raised some forecasts as airlines bought more spare parts to serve a recovery in air travel, but warned supply chain problems could last well into 2023. The world's third largest aerospace supplier, whose products range from wheels to wiring and commercial engines to thrusters for satellites, said recurring operating profit rose 59% to 1.047 billion euros ($1.1 billion) as revenue increased 24% to 8.56 billion. It upped full-year forecasts for revenue to 18-2-18.4 billion euros from 18.0-18.2 billion and for free cashflow to 2.4 billion euros from 2.0 billion.