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Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

82.99EUR
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Aerospace group Safran invests in French start-up Cailabs
Monday, 10 Jul 2017 02:50am EDT 

July 10 (Reuters) - Safran ::* Announces equity investment in Cailabs, through Safran Corporate Ventures, its corporate venture subsidiary dedicated to investments in innovative technology companies.* Safran led a new round of financing of 5 million euros, subscribed by Safran Corporate Ventures and existing shareholders .* Cailabs is a spinoff from the Kastler Brossel Laboratory (a joint research unit between the Ecole Normale Supérieure, Pierre et Marie Curie University and French national scientific research agency CNRS), specialized in quantum physics and optics. .* Cailabs has developed a patented disruptive technology, called Multi Plane Light Conversion, based on the manipulation of light.* "Cailabs forecasts very strong growth from now to 2020 because of its very innovative solutions to critical industrial problems, validated by several proofs of concept in different sectors," said Eric Dalbiès, Safran Executive Vice President for Strategy and M&A, and Chairman of Safran Corporate Ventures.  Full Article

Safran acquires ISEI
Thursday, 22 Jun 2017 08:48am EDT 

June 22 (Reuters) - SAFRAN ::SAFRAN ACQUIRES ISEI, A SPECIALIST IN HELICOPTER FLIGHT DATA MANAGEMENT.  Full Article

Safran announces signing of a technological cooperation agreement with Alstom
Thursday, 22 Jun 2017 07:05am EDT 

June 22 (Reuters) - SAFRAN ::ALSTOM AND SAFRAN SIGN A TECHNOLOGICAL COOPERATION AGREEMENT.COLLABORATIVE PROJECTS INITIATED UNDER THE COOPERATION SHOULD SEE THE LIGHT OF DAY BY 2020.  Full Article

Safran buys helicopter flight data firm ISEI
Thursday, 22 Jun 2017 06:00am EDT 

June 22 (Reuters) - Safran ::* Safran Electronics & Defense has purchased the French company ISEI, specialized in flight data acquisition systems and associated services for helicopters and light airplanes.* Agreement for the sale was today at the Paris Air Show by Jean-Claude Marcellet, President of ISEI, and Martin Sion, Chief Executive Officer of Safran Electronics & Defense.* ISEI’s systems will be added to the Cassiopée product range from Safran Electronics & Defense, designed to enhance operational efficiency for airlines and other operators.* Financial terms not disclosed.  Full Article

French group Safran buys stake in Kalray
Thursday, 22 Jun 2017 04:11am EDT 

June 22 (Reuters) - Safran ::* Acquired an equity interest in Kalray through its Safran.* Safran Corporate Ventures is participating in a €23.6 million round of fresh funding alongside investors that have backed Kalray for many years, including CEA Investissement and ACE Management, in addition to a new Asian investor, the Pengpai investment fund.  Full Article

Safran successfully issues EUR 1 bln floating rate notes
Thursday, 22 Jun 2017 01:52am EDT 

June 22 (Reuters) - SAFRAN SA ::ANNOUNCED ON WEDNESDAY SUCCESS OF ITS DUAL TRANCHE OFFERING OF FLOATING RATE NOTES FOR A TOTAL AMOUNT OF 1 BILLION EUROS.TRANCHES HAVE TWO-YEAR AND FOUR-YEAR MATURITIES.TWO-YEAR TRANCHE AMOUNTS TO 500 MILLION EUROS AND WILL BEAR A COUPON OF 3 MONTH EURIBOR + 30 BPS PER ANNUM AND WILL BE ISSUED AT 100.059% OF NOMINAL VALUE.FOUR-YEAR TRANCHE AMOUNTS TO 500 MILLIONS EUROS AND WILL BEAR A COUPON OF 3 MONTH EURIBOR + 57 BPS AND WILL BE ISSUED AT 100% OF THE NOMINAL VALUE.ORDER BOOK WAS OVER 3.5 BILLION EUROS.SETTLEMENT OF THE OFFERING IS EXPECTED TO TAKE PLACE ON 28 JUNE 2017.DEUTSCHE BANK AG, LONDON BRANCH AND NATIXIS ARE THE GLOBAL COORDINATORS .TOGETHER WITH GLOBAL COORDINATORS, MUFJ SECURITIES EMEA PLC AND BANCO SANTANDER SA ARE JOINT LEAD MANAGERS.  Full Article

Safran signs SFCO2® service agreement with Vietjet Air
Wednesday, 21 Jun 2017 12:42pm EDT 

June 21 (Reuters) - Safran ::SAYS SIGN SFCO2® SERVICE AGREEMENT WITH VIETJET AIR.CONTRACT SPANS FIVE YEARS, STARTING IN 2017, AND COVERS ENTIRE FLEET OF HO CHI MINH CITY-BASED AIRLINE.  Full Article

Safran announces partnership with Airbus to market an electric taxiing system for A320 family
Wednesday, 21 Jun 2017 11:28am EDT 

June 21 (Reuters) - SAFRAN ::ANNOUNCES PARTNERSHIP WITH AIRBUS TO MARKET AN ELECTRIC TAXIING SYSTEM FOR A320 FAMILY.  Full Article

Safran announces more CFM56-5B engines ordered by Delta
Wednesday, 21 Jun 2017 10:05am EDT 

June 21 (Reuters) - SAFRAN ::MORE CFM56-5B ENGINES ORDERED BY DELTA TO POWER ADDITIONAL A321CEO AIRCRAFT.  Full Article

Safran says Arkia signs $200 million Leap-1A support agreement
Wednesday, 21 Jun 2017 06:45am EDT 

June 21 (Reuters) - SAFRAN ::SAYS ARKIA SIGNS $200 MILLION LEAP-1A SUPPORT AGREEMENT.SAYS ARKIA ISRAELI AIRLINES SIGNED A LONG-TERM RATE PER FLIGHT HOUR AGREEMENT WITH CFM INTERNATIONAL TO SUPPORT ITS FLEET OF LEAP-1A ENGINES THAT WILL POWER FOUR AIRBUS A321NEO.SAYS THE 15-YEAR AGREEMENT VALUED AT $200 MILLION.  Full Article

UPDATE 2-Aero engine maker Safran core H1 income dips, still beats forecasts

PARIS, July 28 Aero engine maker Safran reported a 0.9 percent dip in core first-half profit on Friday that was still just above forecasts, as aircraft equipment and defence earnings offset headwinds from a switch to a new engine type.