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Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

23 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Safran exec says producing 6 LEAP-1A engines a week
6:00am EST 

Olivier Andries, CEO Safran Aircraft Engines at news briefing:CFM producing 6 LEAP engines a week for Airbus A320neo version (LEAP-1A).  Full Article

Safran Reosc to manufacture light path mirrors for Apollon laser
Monday, 6 Feb 2017 05:00am EST 

Safran : Safran Reosc signs a contract with CNRS (National Center for Scientific Research) to manufacture high-performance light path mirrors for the Apollon laser being built by the CILEX interdisciplinary extreme light center, or Centre Interdisciplinaire Lumiere Extreme . Safran Reosc to deliver all mirrors for Apollon until the end of 2017 and to manufacture more than 60 mirrors for the Apollon laser Further company coverage: [SAF.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

BRIEF-European Commission clears Smiths, Morpho Detection deal
Thursday, 19 Jan 2017 06:03am EST 

Smiths Group Plc : EC clears Smiths acquisition of Morpho Detection . Welcomes European Commission clearance for acquisition of Morpho Detection . In order to secure approval in phase I of EU Merger review process, Smiths Group proposed divestment of Morpho Detection's explosive trace detection business . Divestment is conditional on successful closing of Smiths Group's acquisition of Morpho Detection and on European Commission's approval .Continues to engage with these authorities in order to secure necessary clearances as soon as possible.  Full Article

Safran says Zodiac deal will not dilute focus on LEAP engine development
Thursday, 19 Jan 2017 02:30am EST 

Safran CEO Philippe Petitcolin : Says not worried about Zodiac Aerospace recovery from industrial problems . Safran CEO says Zodiac synergies will be much higher than the annual 200 million euros already identified . Safran ceo says LEAP engine development on track, will not divert any resources from this due to Zodiac merger Further company coverage: [SAF.PA][ZODC.PA] (Reporting By Tim Hepher) ((tim.hepher@thomsonreuters.com;)).  Full Article

Safran signs contract to support Danish EH101 engines
Wednesday, 27 Jul 2016 08:44am EDT 

Safran SA :Safran signs contract to support Danish EH101 engines.  Full Article

VSMPO-Avisma to supply titanium products to Safran
Wednesday, 13 Jul 2016 06:02am EDT 

VSMPO-Avisma PJSC :Says signs long-term agreement with French Safran for supply of titanium products.  Full Article

Safran and HAL JV in India to support Indian helicopter operators
Tuesday, 12 Jul 2016 05:12am EDT 

Safran: Safran and HAL JV in India to support Indian helicopter operators .  Full Article

Safran Electrical & Power to supply harnesses for Embraer
Monday, 11 Jul 2016 03:30am EDT 

Safran SA : Safran electrical & power chosen to supply electrical harnesses for the Embraer Legacy 450 & 500 Further company coverage: [SAF.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Safran holds totality of Technofan shares after squeeze out
Monday, 4 Jul 2016 09:04am EDT 

Safran : At the close of public buyout offer on Technofan shares, Safran holds 96.71 pct of Technofan capital .Following public buyout offer on Technofan shares, a squeeze out took place which allows Safran to hold the totality of Technofan shares.  Full Article

Airbus Safran set to win EU approval to take over Arianespace SA- Bloomberg
Thursday, 23 Jun 2016 07:11am EDT 

: Airbus Safran Launchers SAS is set to win EU approval as soon as next month to take over Arianespace SA-Bloomberg, citing sources Source (http://bloom.bg/28QXF9e) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

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UPDATE 1-Safran core 2016 profit up 5.4 pct, sees stable 2017

PARIS, Feb 24 France's Safran posted a 5.4 percent rise in 2016 core operating profit to 2.4 billion euros and projected stable underlying income in 2017, a transitional year as it increases production of its new LEAP commercial jet engine.