Innovation Awards 2014. Talent and Innovation, the keys to Safran's competitiveness
Paris, May 22, 2014
The 2014 Innovation Awards, taking place today at Safran Aerospace Museum in Villaroche, just south of Paris, once again celebrates the innovation culture at Safran. Safran is spotlighting its employees, partners and suppliers from around the world who create, imagine and invent innovative solutions.
The annual Innovation Awards recognize creativity in a multitude of forms. From grassroots ideas to disruptive technologies, spanning products and services, methods and processes, all initiatives that spur innovation are encouraged and recognized by Safran. This generates tremendous momentum that will ensure Safran's future success and also reflects the Group's unyielding commitment to serving its customers.
In addition to the usual awards for Customer Satisfaction Innovation, Patented Innovation, Innovation on the Ground, Lean-Sigma Innovation and Product-Technology Innovation, Safran is focusing on Employee-Driven Innovation. This category reflects Safran's commitment to raising all employees' awareness of the importance of continuous performance improvement.
All Safran companies and key suppliers were invited to submit projects for consideration. The Safran Executive Committee then chose the winning projects. The awards ceremony will be webcast to 20 different Group facilities worldwide – which is also an opportunity for the public to vote for the "Ground Innovation" award live.
Safran invests over 12% of its revenues in R&D (€1.8 billion in 2013), with a third of this going to research and technology. Safran was ranked second among French companies in 2013 for the number of patents filed (645), and was once again named among the "Top 100 Global Innovators" by Thomson-Reuters.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013*. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
* Sales in 2013 restated for the impacts of IFRS11 amounted to 14.4 billion euros.
For more information, www.safran-group.com / Follow @SAFRAN on Twitter
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