Edition:
India

Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

125.20EUR
23 Apr 2019
Change (% chg)

-- (--)
Prev Close
€125.20
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
801,329
52-wk High
€125.60
52-wk Low
€89.42

Latest Key Developments (Source: Significant Developments)

Safran completes acquisition of ElectroMechanical Systems business from Collins Aerospace
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Safran SA ::* Finalized the acquisition of the ElectroMechanical Systems business from Collins Aerospace..* Operations generated sales of USD 159 million in 2018, with 575 employees at four facilities in North America, mainly in Irvine, California in the United States and in Mexicali, Mexico, along the Mexico-U.S. border .  Full Article

French company Safran buys stake in OXIS Energy
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Safran SA ::* Safran acquires stake in OXIS Energy, leader in lithium sulfur cell technology for high energy density battery systems .* Safran Corporate Ventures is participating in a £7 million round of fresh funding alongside Aerotec and new investors, including Arkema. The investments made by these companies take the total capital raised to just under £24m and include Samsung Ventures which contributed to the fund in December 2016..* Capital raised will be used to commercialize and automate the process of mass production of rechargeable Lithium Sulfur cells/modules .* OXIS intends to focus on the aviation, defense and the heavy electric vehicles markets, such as buses and trucks .  Full Article

Safran: André-Hubert Roussel Proposed CEO Of ArianeGroup
Monday, 26 Nov 2018 

Nov 26 (Reuters) - SAFRAN SA ::SAFRAN SA - ANDRÉ-HUBERT ROUSSEL PROPOSED CEO OF ARIANEGROUP.  Full Article

SaudiGulf Airlines Selects CFM LEAP-1A To Power New A320neo Family Aircraft
Friday, 16 Nov 2018 

Nov 16 (Reuters) - CFM INTERNATIONAL::ANNOUNCED ON THURSDAY AL-QAHTANI AVIATION, PARENT COMPANY OF SAUDIGULF AIRLINES, AND CFM INTERNATIONAL SIGNED A PURCHASE AGREEMENT FOR LEAP-1A ENGINES TO POWER 10 FIRM, 10 OPTION A320NEO FAMILY AIRCRAFT THAT ARE SCHEDULED TO BEGIN DELIVERY IN 2023.VALUE OF THE AGREEMENT, WHICH INCLUDES THE FIRM ENGINE ORDER AND A LONG-TERM SERVICE AGREEMENT, IS MORE THAN $1.0 BILLION U.S. AT LIST PRICE.AIRLINE IS ALSO LEASING AN ADDITIONAL 20 LEAP-POWERED A320NEO AIRCRAFT AND PLANS TO TAKE ITS FIRST AIRCRAFT IN 2020.12-YEAR RATE PER FLIGHT HOUR AGREEMENT UNDER THE TERMS OF WHICH CFM WILL PROVIDE MAINTENANCE SUPPORT ON A DOLLAR PER FLIGHT HOUR BASIS.CFM INTERNATIONAL, A 50/50 JOINT COMPANY BETWEEN GE AND SAFRAN AIRCRAFT ENGINES.  Full Article

CFM and Gulf Air Sign Long-Term LEAP-1A Support Agreement
Friday, 16 Nov 2018 

Nov 16 (Reuters) - CFM INTERNATIONAL::SAID ON THURSDAY CFM AND GULF AIR SIGN LONG-TERM LEAP-1A SUPPORT AGREEMENT.CONTRACT COVERS ENTIRE LEAP FLEET OF GULF AIR.CONTRACT SIGNED FOR 10 YEARS.AGREEMENT IS VALUED AT JUST OVER US $ 1 BILLION AT LIST PRICE.CFM INTERNATIONAL IS A 50/50 JOINT COMPANY BETWEEN GE AND SAFRAN AIRCRAFT ENGINES.  Full Article

Safran Sets Repurchase Price Of Its Outstanding Bonds
Friday, 2 Nov 2018 

Nov 2 (Reuters) - SAFRAN SA ::SETS THE REPURCHASE PRICE OF ITS OUTSTANDING BONDS CONVERTIBLE INTO AND/OR EXCHANGEABLE FOR NEW AND/OR EXISTING SHARES (OCEANES) DUE 31 DECEMBER 2020.ACCEPTED FOR REPURCHASE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT OF €633,557,121.12, REPRESENTING 97.47% OF THE BONDS INITIALLY ISSUED.THE 2020 OCEANES TENDERED PURSUANT TO THE REVERSE BOOKBUILDING WILL BE REPURCHASED AT A PRICE OF €113.33 PER 2020 OCEANE.THE SETTLEMENT OF THE REPURCHASE IS EXPECTED TO TAKE PLACE ON 7 NOVEMBER 2018.BNP PARIBAS AND CRÉDIT AGRICOLE CIB ACTED AS DEALER MANAGERS FOR THE REPURCHASE..  Full Article

Alstom, IGE+XAO And Safran Create Centre Of Excellence
Friday, 12 Oct 2018 

Oct 12 (Reuters) - IGE + XAO SA ::REG-ALSTOM, IGE+XAO AND SAFRAN CREATE A CENTRE OF EXCELLENCE DEDICATED TO RAIL ELECTRICAL SYSTEMS IN TOULOUSE.  Full Article

Dassault Aviation Signs With Safran Amicable Settlement To End Dispute Concerning Silvercrest Engine
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - DASSAULT AVIATION ::SIGNS WITH SAFRAN <<>> AN AMICABLE SETTLEMENT PUTTING AN END TO THEIR DISPUTE CONCERNING THE SILVERCREST ENGINE PLANNED TO EQUIP THE FALCON 5X.WILL RECEIVE A COMPENSATION FROM SAFRAN AMOUNTING USD 280 MILLION.COMPENSATION WILL HAVE A POSITIVE IMPACT ON DASSAULT AVIATION 2018’S RESULTS.DASSAULT AVIATION AND SAFRAN GROUP SUBSIDIARIES THAT ARE PARTNERS ON THE FALCON 6X, SIGNED CONTRACTS FOR THE SUPPLY OF EQUIPMENTS FOR THIS NEW PROGRAM.  Full Article

Safran Loong Air And Cfm Sign 500 Million USD Agreement
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Safran ::LOONG AIR AND CFM SIGN $500 MILLION SUPPORT AGREEMENT FOR LEAP-1A & CFM56-5B ENGINES.  Full Article

Boeing, Safran Agree To Design, Build And Service Auxiliary Power Units
Monday, 4 Jun 2018 

June 4 (Reuters) - Boeing Co ::BOEING SAYS CO, SAFRAN AGREED TO JOINTLY DESIGN, BUILD & SERVICE AUXILIARY POWER UNITS.BOEING SAYS CO & SAFRAN WILL HAVE 50 PERCENT STAKE IN THE PARTNERSHIP, WHICH WILL BE BASED IN U.S..BOEING SAYS PARTNERSHIP WITH SAFRAN TO HAVE NO IMPACT ON SAFRAN'S 2018 GUIDANCE.BOEING SAYS PARTNERSHIP WITH SAFRAN TO HAVE NO IMPACT ON SAFRAN'S PLAN TO RETURN EUR 2.3 BILLION CASH TO SHAREHOLDERS OVER 18 TO 24 MONTHS.BOEING - ESTABLISHMENT OF JV WITH SAFRAN TO NOT IMPACT CO'S 2018 GUIDANCE OR COMMITMENT TO RETURNING ABOUT 100 PERCENT OF FREE CASH FLOW TO SHAREHOLDERS.  Full Article

Photo

European shares hit by U.S. tariff threat, growth jitters

(Corrects paragraph 17 in April 9 story to "jumped as much as 7 percent" from "jumped about 40.2 percent")