Latest news with #Safran
Hans India
a day ago
- Business
- Hans India
India to tie up with France for next-gen fighter jet engines?
New Delhi: The Ministry of Defence has reportedly proposed development of next-generation fighter jet engines in collaboration with France. The aim of the project is towards self-reliance in design and manufacturing of such technologies in India. All fighter aircraft in India's fleet currently operate with engines of foreign origin. A substantial portion of fighter aircraft costs is attributed to engine procurement and maintenance. Conservative projections indicate India's requirement for more than 250 next-generation engines within the next decade. According to reports, following extensive consultations including stakeholder inputs and assessments by a technical committee of all aspects of fighter jet engine production, the defence ministry has recommended the tie-up with France. The proposal was found to be advantageous for Indian interests. The Rs 61,000 crore initiative aims to jointly create a 120kn fighter jet engine for future platforms, including the advanced medium combat aircraft (AMCA). The project has received substantial support from Defence Minister Rajnath Singh, who champions indigenous fighter engine development and establishing a domestic manufacturing ecosystem. For this project officials have assessed proposals from both Safran of France and Rolls Royce of the UK, looking closely at technical specifications and financial implications. The French bid, offering complete technology transfer, has been presented in the past as well, with Safran outlining a development schedule aligned with AMCA's timeline. Currently, AMCA will likely utilise US-manufactured GE 414 engines, whilst development of a domestic plant continues. The engine is a very crucial component of fighter aircraft technology, and its manufacturing has been mastered by only a select group of countries globally. Although India attempted indigenous engine development through project Kaveri, it did not achieve the required thrust parameters. A variant of the Kaveri is currently under development for unmanned combat aerial vehicles, the financial daily report said. Meanwhile, India is negotiating with the US regarding technology transfer for the GE414 INS6 engine, intended for the Mk2 variant of light combat aircraft. The ongoing discussions seek more than 80% technology transfer, encompassing hot-end coating technologies, crystal blade manufacturing, and laser drilling capabilities.
Maroc
2 days ago
- Business
- Maroc
Under HM the King's Impetus, Morocco Developed ‘Genuine Expertise' in Key Sectors - Safran's Board Chairman
Driven by the leadership of His Majesty King Mohammed VI, Morocco has developed 'genuine expertise' in key sectors, starting with aerospace and automotive industries, and more recently, renewable energy, said Ross McInnes, Chairman of the Board of the Safran Group. In an interview with MAP-Paris on the occasion of the Throne Day celebrations, McInnes praised the progress achieved by the Kingdom and the development momentum sustained by 'a clear and ambitious strategy' led by the Sovereign. According to McInnes, what particularly sets Morocco apart from other countries is 'the quality of its workforce,' supported by 'strong initiatives,' notably the Industrial Acceleration Plan and vocational training programs. He also highlighted more than a quarter-century of 'an ambitious and exceptional partnership' with Morocco, which has strengthened its position in Africa by pursuing win-win partnerships and a robust economic diversification, thanks to 'a Vision that has enabled the Kingdom to become a strategic partner for international companies, while ensuring inclusive and sustainable growth.' 'Today, we have more than 5,000 employees in Morocco across more than eight sites, and we hope to continue in this direction, as the Kingdom is one of our two or three most important countries outside of France,' he said. McInnes noted that Safran is currently building a new maintenance and repair facility for its new-generation LEAP aircraft engines. Other projects are also in the pipeline, he said, pointing to Morocco's renewable energy supply 'available in sufficient quantities and at competitive prices' as a key factor, especially since the country has everything needed to succeed in this sector, including wind and solar power. McInnes also spoke about strengthening Safran's partnership with Morocco's flag carrier, Royal Air Maroc (RAM) in aircraft engine maintenance, stressing that 'RAM's hub positioning, the attractiveness and quality of the available workforce, are also why we are building another maintenance and repair center in Casablanca.' As co-chair of the France-Morocco Business Leaders Club (MEDEF International-CGEM), McInnes said he will lead a delegation of French business leaders on a visit to Dakhla on October 8-9 as part of a mission to explore business opportunities in Morocco's southern provinces. 'We approach this as 'Make with Morocco.' We are not in an economy purely focused on exports, but in one rooted in local establishment and integration,' he said, adding that French companies 'export extensively from Morocco.' He explained that the goal of French companies in general, and Safran in particular, is to 'develop, as much as Moroccan capabilities allow, a local supplier base, which will reinforce this integration and contribute to creating high-quality jobs for Moroccan employees working in French companies.' McInnes also emphasized the importance of capitalizing on the strengths of Franco-Moroccan cooperation, primarily in aerospace, green energy (hydrogen, solar, and wind), digital infrastructure, including data centers for AI, and the 'sustainable and lasting' infrastructure being developed in the Kingdom in preparation for the 2030 World Cup. 'I believe this will be a great showcase for Morocco as an African and Euro-Mediterranean hub, especially since Morocco's orientation toward Africa is one of its major assets for investors like us, and for the country itself in terms of its rightful international standing,' said the Safran chairman, adding that, in this context, talent development, research, and innovation remain key to Morocco's MAP: 17 July 2025
News18
2 days ago
- Business
- News18
India Plans To Build Next-Generation Fighter Jet Engine With France: Report
The Ministry of Defence has recommended the partnership with France after reviewing proposals from both French company Safran and the UK's Rolls-Royce India is reportedly planning a major defence project worth Rs 61,000 crore to develop next-generation fighter jet engines in collaboration with France. The goal is to strengthen the 'Make in India' initiative and reduce the country's long-standing dependence on foreign-made military technology. The project will focus on designing and building a new 120-kilonewton (kN) engine, which will power future fighter aircraft such as the Advanced Medium Combat Aircraft (AMCA). All of India's current fighter jets use engines built abroad, which contribute heavily to their overall cost, including long-term maintenance. According to a report by The Economic Times, the Ministry of Defence has recommended the partnership with France after reviewing proposals from both French company Safran and the UK's Rolls-Royce. The decision comes after detailed technical reviews and discussions with key stakeholders. Safran's proposal, which includes full technology transfer and a timeline aligned with the AMCA programme, was found more favourable for India's interests. Defence Minister Rajnath Singh is said to be strongly backing the proposal. He has been a vocal supporter of boosting domestic capability in defence production, especially in engine manufacturing, which is one of the most complex areas of fighter aircraft development. Meanwhile, India is also in talks with the United States for high-level technology transfer of the GE 414 INS6 engine, which will be used in the LCA Mk2 jets. The Indian government is seeking over 80% of the engine technology, including advanced manufacturing techniques like hot-end coating, crystal blade production, and laser drilling. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
2 days ago
- Business
- India.com
US will not be able to betray India anymore, masterstroke by Modi govt, India to work with this country to make next generation fighter jets, not US, Russia, UK, it is….
New Delhi: The Ministry of Defense has recommended working with France in India to make the engines of the next generation fighter aircraft as part of a very big project that will bring modern technology to India and the country will become self-reliant. A committee of technical experts also considered all aspects of making the engine of the fighter aircraft. After this it was decided that working together with France would be more beneficial for India. In this project worth Rs 61,000 crore, India and France will together make a 120 kilonewton (kN) fighter jet engine. Which companies were considered? According to the plan, these fighter jet engines will be used in future fighter aircraft, including Advanced Medium Combat Aircraft (AMCA). The Defense Ministry had sought proposals from French company Safran and Britain's Rolls Royce. Experts closely considered the technical aspects and cost of these proposals. France has said that it will provide the entire technology. Safran has also said that it can make engines for the AMCA by keeping pace with the times. What is the number of engines required? The current situation is that the first batch of AMCA may have to be fitted with GE 414 engines made in the USA. But, along with this, efforts to make engines in India will continue. There are very few countries in the world that have mastered this technology. It is estimated that India will need more than 250 next generation engines in the next 10 years. Which country is supplying fighter jet engines to India? Right now, all fighter aircraft in India have foreign engines. Because of this, a large part of the cost of the aircraft is spent on the engine and its maintenance. India had earlier tried to make its own engine named 'Kaveri' but it was not successful because the engine did not have sufficient power. Now a new version of the Kaveri engine is being made, which will be used in pilotless aircraft. India is also talking to America to get the technology of GE 414 INS6 engine. This engine will be used in light fighter aircraft Mk2. The talks are not yet complete. India wants to get more than 80% of the technology, which includes technology for coating the hot part of the engine, crystal blades and laser drilling technology.
Economic Times
2 days ago
- Business
- Economic Times
Raymond shares may rally up to 30%, Antique Stock Broking says as aerospace thrust fuels growth story
Antique Stock Broking has initiated coverage on Raymond Ltd with a "buy" rating and a target price of Rs 903, implying a potential upside of 30% from the last closing price. The brokerage said Raymond's transformation into a precision manufacturing-focused company, especially its aerospace and auto components verticals—positions it for 'a multi-year period of strong growth.' ADVERTISEMENT 'We expect Raymond to report a consolidated revenue/ EBITDA/ PAT CAGR of 16%/38%/55% with OPM of 12.2%/14.9%/15.3% in FY26E/27E/28E, respectively,' analysts Sanjeev Zarbade and Amit Shah said. The stock was trading at Rs 700.60 on Friday morning, up 0.6% on the BSE. Raymond, once best known for its textiles business, has shed its legacy structure through a string of demergers and realignments. Following the listing of Raymond Lifestyle in September 2024 and Raymond Realty in July 2025, the company now houses its industrial businesses, engineering tools, auto components, and aerospace, under Raymond Ltd. Antique believes this new structure unlocks significant value and operational focus. 'The aerospace vertical will be the main growth driver,' the brokerage said, with meaningful contributions also expected from the auto components and engineering tools specialized subsidiaries, JK Maini Global Aerospace Ltd (JKMGAL) and JK Maini Precision Technologies Ltd (JKMPTL), are being carved out to drive growth in their respective domains. ADVERTISEMENT Raymond's aerospace strategy is built around its 2023 acquisition of Maini Precision Products Ltd (MPPL), a precision engineering firm with a client roster that includes Safran, GE, and Bosch. MPPL manufactures more than 350 components for LEAP engines, which power aircraft models such as the Airbus A320neo and Boeing 737 LEAP engines, a joint venture product of GE and Safran, account for 55% of JKMGAL's aerospace revenue. 'India is CFM's third-largest market and LEAP engines drive 75% of India's commercial airline fleet,' Antique said. With over 2,000 LEAP engines on order and Safran opening its sixth facility in India, Raymond's aerospace unit stands to benefit from deepening supplier relationships. ADVERTISEMENT The brokerage sees India's current 1% share in the global aerospace supply chain as a structural opportunity. Rising global outsourcing, domestic capability improvements, and the China+1 trend could significantly lift Raymond's growth Rs 903 target price is based on a sum-of-the-parts (SOTP) valuation, factoring in a 25x multiple for the aerospace business and 15x for the auto components vertical, adjusted for 66% holding. The brokerage said it expects Raymond's net profit to rise from Rs 520 million in FY25 to Rs 1.92 billion in FY28. ADVERTISEMENT While return ratios are currently modest due to Rs 8.8 billion in goodwill and intangibles, the brokerage said these 'should not concern investors unduly,' citing strong cash flows and a net cash position of Rs 2.2 aerospace division's EBIT margins are expected to remain at 20% by FY28, while the company's consolidated EBITDA margin is forecast to improve from 12.2% in FY26 to 15.3% in FY28. ADVERTISEMENT Raymond shares have rallied 16.6% year-to-date in 2025 and 29% over the past three months, buoyed by investor optimism around its post-restructuring focus. The stock has climbed 16.8% in just the last month. Also read | IREDA shares down 28% in 2025. Can the stock rebound past Rs 185 or is it time to sell? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
