Streetbeat News

SAFRY

Safran SA

https://www.safran-group.com/

CEO

Philippe Petitcolin

Industry

Small Arms Ammunition Manufacturing

Open

68.06

Mkt cap

114B

Volume

43K

High

68.73

P/E Ratio

64.65

52-wk high

72.00

Low

67.70

Div yield

0.01

52-wk low

51.02

Safran is benefiting from European defense efforts and a recovery in civil aviation, with expected growth in LEAP engine sales supporting EBIT growth. Despite trading at a discount to peers, Thales is preferred as a defense pick.

Portfolio Pulse from

March 05, 2025 | 1:45 pm

Canada is still a potential location for a new carbon brakes factory by France's Safran, despite the threat of 25% tariffs from the U.S. The Canadian industry minister confirmed the country's position in the running for the plant.

Portfolio Pulse from

February 25, 2025 | 8:45 pm

France's Safran has raised its profit outlook for 2024, driven by increased air traffic. This positive revision reflects the company's strong performance and potential growth in the aviation sector.

Portfolio Pulse from

February 14, 2025 | 6:45 am

Safran's India unit anticipates a 70% revenue increase by 2025, driven by its involvement in India's Gaganyaan space mission and growing private-sector contracts in the defense and space sectors.

Portfolio Pulse from

January 22, 2025 | 9:30 am

Safran SA's stock has declined 5% since September, but it remains a strong buy due to its involvement in major aircraft programs and future growth potential. Opportunities include higher production rates for Boeing 737 MAX and Airbus A320neo, better cost amortization, and increased shipset value from Collins Aerospace. Risks involve aerospace supply chain issues, inflation, approval delays for a $1.8 billion acquisition, and challenges in the seat business from the Zodiac Aerospace acquisition.

Portfolio Pulse from

December 23, 2024 | 7:30 pm

The fall of the French government has led to political and economic uncertainty, potentially affecting investor confidence and the defense budget, according to the CEO of Safran.

Portfolio Pulse from

December 05, 2024 | 4:30 pm

Safran, a French jet engine maker, aims for high single-digit annual revenue growth and significantly increased profit by 2028, as announced before its investor day in Paris.

Portfolio Pulse from

December 05, 2024 | 7:30 am

Safran has announced the appointment of Stephane Cueille as the new CEO of its Aircraft Engines unit, effective in early 2025, replacing Jean-Paul Alary.

Portfolio Pulse from

November 06, 2024 | 6:00 pm

Safran (OTC:SAFRY) has secured contracts worth over $1.2 billion from Emirates, including a $1 billion deal for Safran Seats for Emirates' new A350, 777X-9, and existing 777-300 aircraft. The contracts also involve Safran Cabin providing Galley shipsets and Safran Landing Systems supplying wheels and carbon brakes for the A350 fleet. Additionally, a 10-year service agreement with Safran Aerosystems for 777 safety and cabin systems components repair and maintenance is included. Safran's stock price increased by 2.77% to $42.63.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 6:38 pm

Delta Air Lines has discovered unauthorized components in less than 1% of its over 2,100 jet engines. Other airlines, including American Airlines, United Airlines, and Southwest Airlines, have also reported finding fake parts associated with AOG Technics Ltd. This London-based firm is under investigation over the spare parts it provided for a jet engine model produced by CFM International, a collaboration between General Electric and Safran SA. Delta confirmed that none of its aircraft are currently flying with unapproved parts.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 1:32 pm

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