Safran has reported a rise in revenue of €6.2bn ($6.55bn) for the full year 2023, with “double-digit revenue growth in all business and civil aftermarket benefitting from the continued good dynamics i...
Safran's venture capital arm, Safran Corporate Ventures, has increased its investment capacity and equity stakes in startups by €50 million ($54 million) to a budget of €130 million ($141 million). ...
Safran Aircraft Engines will create a new foundry works facility in Rennes, Brittany. The facility will manufacture turbine blades for the defence sector’s M88 and the commercial CFM International LEA...
Jet engine manufacturer Safran reported a 22% increase in adjusted revenue for the full year of 2023, up from circa $20.40bn in 2022 to $24.98bn in 2023. Adjusted recurring operating income for the fu...
Turbotech and Safran have successfully tested the first hydrogen-fuelled gas turbine engine for the light aircraft market, conducted at the ArianeGroup’s Vernon test facility in France. Although the i...
Safran and ONERA have begun initial wind tunnel tests with the ECOENGInE, a 1:5 scale demonstrator of the future open fan engine. The companies are aiming to achieve a reduction in fuel burn and CO2 ...
Safran has been informed of the Italian government’s decision to oppose the sale of Collins Aerospace’s actuation and flight control business to the French company. Under the so-called ‘Golden Power’ ...
Significant civil aftermarket demand helped Safran grow third quarter 2023 adjusted revenue by more than 20% to €5,825 million, up 25.1% to €16,770 million for the first nine months of the year. Sales...
Safran reported a revenue of €10,945 million with a free cash flow of €1,463 million and recurring operating income €1,397 million as per the adjusted data in the first half (H1) of 2023. The revenue ...
Safran acquired Collins Aerospace high-technology actuation and flight control activities, which are mission critical for commercial & military aircraft and helicopters. This acquisition offers unique...
Air India has signed a major deal with CFM International for over 800 CFM LEAP engines to power its new fleet of Airbus A320/A321neos and Boeing 737 MAX aircraft. The deal includes a multi-year servic...
GMR Hyderabad Aviation SEZ Limited (GHASL), a 100% subsidiary of GMR Hyderabad International Airport Ltd (GHIAL), has recently signed a Land Lease Agreement with Safran Aircraft Engines Services. As p...
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