Shareholders visit Safran’s Gennevilliers plant near Paris
The visit kicked off with a presentation of the Gennevilliers site and its long history. Shareholders then got a close-up look at the unit that produces fan blades for commercial jet engines. Made of a titanium alloy, these blades are forged, stamped and machined. The production of fan blades requires an impressive array of machinery and equipment, including several powerful presses for hot forging, adaptive polishing machines and high-speed 5-axis machining cells to finish the blades.
Safran publishes first-half results
On July 28, 2017, Safran published its first-half results, including adjusted revenue of more than 8 billion euros, an increase of 2.4% over the previous year on an organic basis.
Video – Highlights of Safran 2017 Shareholders’ Meeting (in French)
The Safran 2017 Annual Shareholders' Meeting took place on June 15 at Paris-La Défense (France). Click here to watch four videos (in French) featuring highlights from the event: Safran Group business activities in 2016 and outlook for 2017, presentation of 2016 financial results, reports by the Board of Directors and the Chairman of the Board, and the question & answer session.
Safran shareholders visit Molsheim plant in eastern France
On Tuesday, June 27, 2017, about 15 Safran shareholders visited the Safran Landing Systems plant in Molsheim, in the Alsace region of eastern France.
6 good reasons to own Safran shares
When you hold Safran shares, you enjoy a host of advantages:
1. Take part in the development of an exceptional global enterprise.
Safran is an international high-tech group and tier-1 supplier of systems and equipment for the aerospace and defense. Operating worldwide, Safran has 66,500 employees and recorded sales of 15.8 billion euros (excluding security). Working alone or in partnership, Safran holds world or European leadership positions in its core markets.
Safran Annual General Meeting of shareholders June 15, 2017
For its Annual General Meeting this year, Safran welcomed shareholders to the Espace Grande Arche venue in the La Défense district just west of Paris. The meeting was presided by Ross McInnes, Chairman of the Board of Directors, with Philippe Petitcolin, Chief Executive Officer, and Bernard Delpit, Chief Financial Officer, presenting the Group's activities and 2016 results, along with its outlook for 2017, especially Safran's planned acquisition of Zodiac Aerospace. Speakers then fielded questions from shareholders during a Q&A session.
Shareholders visit Safran Electronics & Defense's Montluçon plant
On April 25, 2017, about 20 Safran shareholders visited Safran Electronics & Defense's plant in Montluçon, central France. Safran Electronics & Defense is a european leader in inertial navigation, optronics and tactical drone systems.
Building on 80 years of experience, the Montluçon plant how houses some very high-tech activities. The group of shareholders was able to take a look behind the scenes at how inertial navigation systems for air, land and sea are manufactured and integrated.
Safran publishes Q1 2017 results
Safran published its first quarter results on April 25, 2017, including sales on continuing operations of 3.98 billion euros, an increase of 5.5% on an organic basis.
Aircraft propulsion revenues grew 5.2%, due to the good performance of the service business for both commercial and military engines, as well as sales of military engines for new aircraft, including the M88 for the Rafale fighter and the TP400 turboprop engine for the Airbus A400M military transport.
Safran announces sale of Morpho Detection LLC.
After receiving all required regulatory authorizations, Safran announced today that it has finalized the sale of its American subsidiary Morpho Detection, along with its other detection businesses. The acquirer is Smiths Group plc of Britain.
Based in California, Morpho Detection offers solutions for detecting and identifying explosives, biological, chemical, radiological and nuclear threats as well as other illicit items to improve security at airports, borders, and sensitive sites and events.
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