Key Developments: Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Safran upgrades FY 2014 operating income outlook
Wednesday, 30 Jul 2014 08:00pm EDT 

Safran SA:Upgrades adjusted FY 2014 recurring operating income target to increase of percentage approaching the mid-teens (previously low double digits) compared to FY 2013.Reaffirms FY 2014 target of increase in adjusted revenue of percentage rate in midsingle digits compared to FY 2013.FY 2013 revenue 14.695 billion euros.FY 2014 revenue 15.395 billion euros-Thomson Reuters I/B/E/S Estimates.  Full Article

Safran SA's Messier-Bugatti-Dowty awarded contract by China Eastern Airlines
Tuesday, 22 Jul 2014 08:00pm EDT 

Safran SA:Says China Eastern Airlines has selected Messier-Bugatti-Dowty (Safran) to supply MRO services and wheels and brakes for its respective A330 and A320 fleets.MRO agreement will entail landing gear overhaul, loan and standard exchange services for 20 A330 aircraft.Overhaul activity will take place from 2015 to 2018 at Messier-Bugatti-Dowty’s MRO facility in Singapore.China Eastern Airlines has also selected MBD wheels and carbon brakes for its entire A320 fleet of 165 aircraft.  Full Article

Safran and GE joint venture CFM International receives order from Monarch Airlines
Wednesday, 16 Jul 2014 08:00pm EDT 

Monarch Airlines:Announces commitment to purchase LEAP-1B engines from CFM International (joint venture between Safran's Snecma and General Electric) to power 30 Boeing 737 MAX aircraft, along with long-term service agreement.  Full Article

Hainan Airline commits to purchase Boeing 737 MAX aircraft powered by Safran and GE joint venture CFM International
Tuesday, 15 Jul 2014 08:00pm EDT 

Safran SA:Announces Hainan Airline's commitment to purchase 50 CFM-powered Boeing 737 MAX aircraft.Final order valued at $1.3 bln at list price.CFM International is 50/50 joint venture of subsidiary Snecma and General Electric Co.  Full Article

9 Air places order for Safran and GE joint venture CFM International engines
Tuesday, 15 Jul 2014 08:00pm EDT 

Safran SA:China's 9 Air places order for CFM International's LEAP-1B engine to power 30 Boeing 737 MAX aircraft, in addition to CFM56-7B engines to power 20 737s.CFM values order at $3.7 bln at list price, including spare engines and long-term service agreement.CFM is subsidiary Snecma 50/50 joint venture with General Electric Co.  Full Article

Safran Hispano-Suiza and Rolls-Royce sign contract to supply equipment for Airbus A350
Tuesday, 15 Jul 2014 08:00pm EDT 

Safran SA:Subsidiary Hispano-Suiza reinforces cooperation with Rolls-Royce on Trent XWB aircraft engine by signing contract for supply of accessory drive train (ADT) and oil tank on Trent XWB-97 engine (97,000 lb of thrust) dedicated to power three versions of upcoming Airbus A350: A350-1000.Accessory drive train for Rolls-Royce's Trent XWB, wholly designed, developed and produced by Hispano-Suiza, is high-tech system allowing to double power tapped by systems on current widebody jetliners.  Full Article

Lion Air selects Safran Messier-Bugatti-Dowty wheels and brakes for A320 fleet
Tuesday, 15 Jul 2014 08:00pm EDT 

Safran SA:Subsidiary Messier-Bugatti-Dowty selected by Indonesian airline Lion Air has to supply wheels and carbon brakes for its upcoming fleet of 60 A320ceo jetliners.Aircraft to be delivered from 2014 to 2017.  Full Article

Interjet selects Safran and GE joint venture CFM International's LEAP-1A engine
Monday, 14 Jul 2014 08:00pm EDT 

Safran SA:Interjet selects CFM International's advanced LEAP-1A engine to power its new fleet of 40 Airbus A320neo family aircraft.CFM values order, including long-term support package, at $2.9 bln at list price.CFM is subsidiary Snecma 50/50 joint venture with General Electric Co.  Full Article

Loong Air selects Safran and GE joint venture CFM International 56-5B engine
Monday, 14 Jul 2014 08:00pm EDT 

Safran SA:China's Zhejiang Loong Airlines selects CFM International's CFM56-5B engine to power 11 Airbus A320ceo aircraft.CFM values engine order and associated service agreement at nearly $520 mln at list price, including spare engines and long-term service agreement.CFM is subsidiary Snecma 50/50 joint venture with General Electric Co.  Full Article

Safran and GE joint venture CFM International receives $3.3 bln order from EasyJet-Reuters
Sunday, 13 Jul 2014 08:00pm EDT 

Safran SA:EasyJet places firm order for 270 engines from CFM International, subsidiary Snecma 50/50 JV with GE - Reuters.Order include 200 leap-1a engines to power EasyJet Airbus A320neo family aircraft and 70 CFM56-5b engines to power additional A320ceo aircraft.CFM values firm engine order at more than $3.3 bln at list price.  Full Article

Airbus Safran Launchers signs $2.7 bln Ariane 6 deal

PARIS, Aug 12 - Airbus Safran Launchers signed a 2.4 billion euro ($2.7 billion) contract with the European Space Agency (ESA) on Wednesday to develop the Ariane 6 satellite launcher, the company said.

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