Safran Group expects that the acquisition of Collins Aerospace’s actuation and flight control division from RTX will generate €1.5 billion in additional sales and contribute some €340 million to the pre-tax operating result (EBITDA). Safran and RTX, formerly known as Raytheon…
Engine maker Safran upholds its target that it will be able to deliver 2.000 CFM LEAP engines in 2023, despite suffering from continued supply chain and labor constraints. For this reason, CFM, which is jointly owned by Safran and General Electric,…
CFM International has responded positively to the request of Airbus to ramp up the production of the LEAP engines and meet higher rates in 2024. CFM-parent Safran Group confirmed this during an earnings call on April 29 on the first-quarter results.…
GE Aviation and Safran expect the LEAP turbofan engine to reach breakeven margins in 2025. There will be a three-percent margin impact this year and in 2023 as the production transits from the CFM56 to the LEAP, but the numbers…
Major aircraft propulsion and equipment maker Safran recorded a solid 2019, with a net income up 26.4 percent to EUR 3.820 billion, it reported on February 27. Revenues were up 17.1 percent to EUR 26.640 billion. All segments (propulsion, equipment,…
Aircraft propulsion and equipment maker Safran reported solid 2018 results on February 27, both financially as well as on the status of its various programs and divisions. Revenues of its six business divisions increased by €5.097bln to €21.050bln, of which…