SAF.PA - Safran SA
| Previous close | 136.94 |
| Open | 136.74 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 135.08 - 137.30 |
| 52-week range | 87.85 - 145.52 |
| Volume | |
| Avg. volume | 685,482 |
| Market cap | 57.967B |
| Beta (5Y monthly) | 1.34 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -10.28 |
| Earnings date | 27 Jul 2023 |
| Forward dividend & yield | 1.35 (0.98%) |
| Ex-dividend date | 30 May 2023 |
| 1y target est | 156.80 |
BloombergSafran in Talks for $1 Billion Raytheon Flight Control Unit
(Bloomberg) -- Safran SA is in talks to acquire an arm of Raytheon Technologies Corp. that makes products including flight controls, in what could be its biggest purchase in six years. Most Read from BloombergUkraine Dam Blast Blamed on Russia Tips War Into New PhasePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownApple Headset Looks Sleek in Person But Battery Pack Stands OutBrothers Fighting Fraud Charges From India Are
ReutersSafran confirms talks with Raytheon over flight control assets
French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports. Safran shares ended down 1.3% at 137,24 euros on the French stock market while Raytheon shares were up 0.4% at around 15:40 GMT. Earlier, Bloomberg reported that Safran was in talks with Raytheon over flight control assets for a deal worth one billion dollars.
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ZacksWhat Makes Safran SA (SAFRY) a Strong Momentum Stock: Buy Now?
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Is AAR (AIR) Outperforming Other Aerospace Stocks This Year?
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ReutersFrance's Safran to pay $17.2 million to settle China bribery charges in U.S. probe
The Paris-based aerospace supplier will be required to turn over profits from "corruptly obtained" and retained contracts by its U.S.-based subsidiary, Monogram Systems, the DoJ said. Monogram and Safran's German unit, Evac GmbH, allegedly paid bribes to obtain "lucrative" train lavatory contracts with the Chinese government. Safran did not immediately respond to Reuters request for a comment.
ReutersFrance's Safran raises 2022 revenue and cashflow targets
French jet engine maker and aerospace supplier Safran on Friday raised its full-year revenue and free cashflow forecasts after posting a 29.9% rise in third-quarter revenues buoyed by a strong dollar. Chief Executive Olivier Andries said the improved outlook reflected currencies and "confidence in our ability to deliver," striking a contrasting note to Boeing which on Wednesday had said engines were its main output constraint. Safran co-produces engines for the Boeing 737 with General Electric through their CFM venture, which also competes with Pratt & Whitney to power the Airbus A320.
The TelegraphFaulty French parts blamed for RAF jet engine failures
A British government minister has blamed the French for problems with RAF jet engines that could delay military pilot training for up to three years.
ZacksRaytheon (RTX) Secures $215-Million Deal for WAAS From FAA
Raytheon (RTX) is set to deliver more modern and therefore sustainable manufacturing, system security and network architecture, including dual frequency service for WAAS.
ReutersSafran H1 profit rises but more supply chain snags ahead
PARIS (Reuters) -French jet engine maker Safran posted higher first-half earnings and raised some forecasts as airlines bought more spare parts to serve a recovery in air travel, but warned supply chain problems could last well into 2023. The world's third largest aerospace supplier, whose products range from wheels to wiring and commercial engines to thrusters for satellites, said recurring operating profit rose 59% to 1.047 billion euros ($1.1 billion) as revenue increased 24% to 8.56 billion. It upped full-year forecasts for revenue to 18-2-18.4 billion euros from 18.0-18.2 billion and for free cashflow to 2.4 billion euros from 2.0 billion.