Edition:
United States

Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

87.61EUR
11:35am EST
Change (% chg)

€-0.54 (-0.61%)
Prev Close
€88.15
Open
€87.79
Day's High
€88.10
Day's Low
€87.30
Volume
1,093,512
Avg. Vol
849,614
52-wk High
€92.25
52-wk Low
€61.51

Latest Key Developments (Source: Significant Developments)

Zodiac Aerospace Q1 Revenue Falls to 1.08‍​ Billion Euros
11:45am EST 

Dec 13 (Reuters) - ZODIAC AEROSPACE ::Q1 REVENUE EUR 1.08‍​ BILLION VERSUS EUR 1.20 BILLION YEAR AGO.CONFIRMS ITS EXPECTATION TO POST A SLIGHT DECREASE IN SALES FOR 2017/2018, EXCLUDING FOREX AND SCOPE EFFECTS.CURRENT OPERATING INCOME SHOULD RISE SHARPLY FOR 2017/2018.CURRENT OPERATING INCOME FOR SECOND HALF OF YEAR SHOULD BE SIGNIFICANTLY HIGHER THAN FIRST HALF.OPERATIONAL CASH FLOW GENERATION IS EXPECTED TO REMAIN STRONG‍​ IN 2017/2018.  Full Article

French group Suez says Qatar dredging contract worth 107 mln euros
Thursday, 7 Dec 2017 05:52am EST 

Dec 7 (Reuters) - Suez ::* Suez says deal signed on Thursday to dredge and clean Qatar lagoon worth around 107 million euros ($126 million).* French President Emmanuel Macron said France and Qatar had signed commercial contracts worth around 12 billion euros in total nP6N1NF024.* Qatar has agreed to buy 12 more Rafale fighter planes from Dassault Aviation , will employ France's Suez to dredge and clean Qatar's lagoon and has retained France's RATP and SNCF to build and operate a metro system in Qatar..  Full Article

Safran Files Proposed Takeover Bid On Shares Of Zodiac Aerospace - AMF
Thursday, 7 Dec 2017 04:50am EST 

Dec 7 (Reuters) - AMF::SAFRAN <<>> FILED PROPOSED TAKEOVER BID ON SHARES OF ZODIAC AEROSPACE <<>> AT PRICE OF EUR 25 PER ZODIAC SHARE‍​.  Full Article

Safran says SilkAir signs $1 billion CFM LEAP-1B engine support agreement
Friday, 10 Nov 2017 10:15am EST 

Nov 10 (Reuters) - SAFRAN ::SILKAIR SIGNES 15-YEAR RATE PER FLIGHT HOUR MAINTENANCE AGREEMENT WITH CFM INTERNATIONAL TO SUPPORT LEAP-1B ENGINES‍​.SILKAIR SIGNS $1 BILLION CFM LEAP-1B ENGINE SUPPORT AGREEMENT.AGREEMENT INCLUDES A TOTAL OF 80 ENGINES.  Full Article

Safran and ‍MBDA partners in MMP offering for land 400 Australian army acquisition programme​
Tuesday, 7 Nov 2017 11:22am EST 

Nov 7 (Reuters) - SAFRAN ::‍MBDA AND SAFRAN PARTNERS IN MMP OFFERING FOR LAND 400 AUSTRALIAN ARMY ACQUISITION PROGRAMME.​.  Full Article

Banque Federative Credit Mutuel sells its stakes in Safran and Eiffage‍​
Tuesday, 10 Oct 2017 12:21pm EDT 

Oct 10 (Reuters) - BANQUE FEDERATIVE CREDIT MUTUEL::BANQUE FÉDÉRATIVE CRÉDIT MUTUEL ANNOUNCES THE SALE OF ITS STAKES IN SAFRAN AND EIFFAGE‍​.BANQUE FÉDÉRATIVE CRÉDIT MUTUEL - SALE OF C.3.2M SHARES OF SAFRAN, REPRESENTING APPROXIMATELY 0.8% OF THE SHARE CAPITAL.BANQUE FÉDÉRATIVE CRÉDIT MUTUEL - SALE OF C.2.8M SHARES OF EIFFAGE, REPRESENTING APPROXIMATELY 2.9% OF THE SHARE CAPITAL.BANQUE FÉDÉRATIVE CRÉDIT MUTUEL SAYS WILL NO LONGER HOLD ANY SAFRAN AND EIFFAGE SHARES AFTER THESE TRANSACTIONS‍​.BANQUE FÉDÉRATIVE CRÉDIT MUTUEL - BOOKBUILDINGS WILL COMMENCE IMMEDIATELY.BANQUE FÉDÉRATIVE CRÉDIT MUTUEL - BOOKBUILDINGS WILL BE MANAGED BY SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING, SOLE BOOKRUNNER.BANQUE FÉDÉRATIVE CRÉDIT MUTUEL - DEFINITIVE TERMS OF THE PLACEMENTS WILL BE DETERMINED FOLLOWING THE COMPLETION OF THE BOOKBUILDINGS PROCESS.  Full Article

Delays of Zodiac's Seats UK branch now amount in days, CFO says
Wednesday, 13 Sep 2017 11:45am EDT 

Sept 13 (Reuters) - Zodiac Aerospace Sa :"We are working with less tensions in relationships with OEMS (aircraft manufacturers)," Zodiac CFO Didier Fontaine said in a conference call. .Delays in deliveries of Zodiac's Seats UK branch now amount in days, not months, CFO said. .  Full Article

Ses selects Arianespace for its fifth launch of four O3B satellites​
Tuesday, 12 Sep 2017 04:19am EDT 

Sept 12 (Reuters) - SES SA ::‍SES HAS SELECTED ARIANESPACE FOR ITS FIFTH LAUNCH OF FOUR O3B SATELLITES​.  Full Article

Ses selects Arianespace for launch of SES-17
Tuesday, 12 Sep 2017 04:18am EDT 

Sept 12 (Reuters) - SES SA ::SES SELECTS ARIANESPACE FOR LAUNCH OF SES-17.‍LAUNCH FROM FRENCH GUIANA IN 2021​.  Full Article

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

Dassault Aviation to drop Silvercrest engine contract with Safran

PARIS, Dec 13 Dassault Aviation said on Wednesday that it would drop a contract with Safran for the development of the Silvercrest business jet engine and that it would a launch a new project powered by U.S. airplane engine maker Pratt & Whitney.