Latest news with #SafranSA
Deccan Herald
3 days ago
- Business
- Deccan Herald
India explores partners beyond US to build fighter jet engines
Talks with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people said.
Time of India
3 days ago
- Business
- Time of India
India explores partners beyond US to build fighter jet engines
India is exploring joint fighter jet engine production with the UK, France, and Japan to bolster its defence capabilities amid regional tensions. This move aims to diversify partnerships beyond the US and secure critical supply chains. Discussions involve technology transfer and intellectual property sharing, aligning with India's push for domestic defence production and reduced import reliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India is engaging with manufacturers from at least three other countries for jointly making fighter jet engines , expanding its defense partnerships beyond the US as it seeks to close capability gaps amid rising regional tensions, according to people familiar with the engines being considered are from the UK, France and Japan and India wants to start the project quickly, senior officials said, asking not to be named as discussions are private. The offers will be evaluated by the Defense Research and Development Organisation — India's military research body — they London-based defence manufacturing giant Rolls-Royce Holdings PLC offered to jointly produce and transfer technology to India during a visit by senior defense ministry officials to the UK in April, according to one of the with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people made a similar offer in May, they said, without indicating a possible Minister Rajnath Singh held a bilateral meeting with his Japanese counterpart in New Delhi earlier this month, outlining potential areas of collaboration, including tank and aero engine Ministry of External Affairs, along with the defence ministries of both India and Japan, did not respond to requests for comment. The companies mentioned in the story also did not reply to engines will power India's twin-engine fighters that are under development, the people said, adding the Ministry of Defence will move to get government clearance has been seeking to modernise its air force through the purchase of jet fighters from overseas and bringing production to within its borders through joint projects with leading weapons makers from this week, India for the first time allowed domestic private firms to design and develop advanced warplanes to replace its aging, mostly Russian-made South Asian nation has also been in talks with Boston-based General Electric since 2023 to jointly make GE F414 engines but the talks are taking longer than expected. India had imposed penalties on GE last year for severe delays in the delivery of engines that power the country's locally-made single-jet Air Force Chief AP Singh warned at an industry event Thursday that delays in procuring critical weapons pose a serious challenge to national defence readiness. 'Not for a single project that I can think of that been completed on time,' he said, emphasising the need for India to design, develop, and produce weapons domestically in sufficient push to manufacture jet engines reflects its broader effort to secure the supply chain for critical defence equipment — a major takeaway of the military from the war in Ukraine which is on its third manufacturing of jet engines with the US is part of a wider effort to deepen bilateral defence cooperation. India's decision to look beyond Washington for critical technologies should not be seen as a sign of strained ties with the US, but rather as evidence of its focus on securing reliable supply Prime Minister Narendra Modi has been trying to ramp up domestic defense production to reduce the costs of imports and generate jobs at is the world's largest importer of arms, according to data from the Stockholm International Peace Research Institute, adding it has looked increasingly to purchase weapons from makers in the US and France.
Yahoo
07-05-2025
- Business
- Yahoo
New Strong Buy Stocks for May 7th
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Safran SA SAFRY: This aerospace and defense company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. Safran SA Price and Consensus Safran SA Price and Consensus Safran SA price-consensus-chart | Safran SA Quote Expand Energy Corporation EXE: This independent natural gas production company has seen the Zacks Consensus Estimate for its current year earnings increasing 41.9% over the last 60 days. Expand Energy Corporation Price and Consensus Expand Energy Corporation Price and Consensus Expand Energy Corporation price-consensus-chart | Expand Energy Corporation Quote Brenntag SE BNTGY: This distributor of chemicals and ingredients has seen the Zacks Consensus Estimate for its current year earnings increasing 14.1% over the last 60 days. Brenntag AG Price and Consensus Brenntag AG Price and Consensus Brenntag AG price-consensus-chart | Brenntag AG Quote WidePoint Corporation WYY: This company that provides technology management as a service (TMaaS) has seen the Zacks Consensus Estimate for its current year earnings increasing 108.3% over the last 60 days. WidePoint Corporation Price and Consensus WidePoint Corporation Price and Consensus WidePoint Corporation price-consensus-chart | WidePoint Corporation Quote Flotek Industries, Inc. FTK: This tech-driven green chemistry and data company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days. Flotek Industries, Inc. Price and Consensus Flotek Industries, Inc. Price and Consensus Flotek Industries, Inc. price-consensus-chart | Flotek Industries, Inc. Quote You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WidePoint Corporation (WYY) : Free Stock Analysis Report Safran SA (SAFRY) : Free Stock Analysis Report Flotek Industries, Inc. (FTK) : Free Stock Analysis Report Brenntag AG (BNTGY) : Free Stock Analysis Report Expand Energy Corporation (EXE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Bloomberg
06-03-2025
- Science
- Bloomberg
Europe Launches Ariane 6 Rocket as Defense Sector Ramps Up
The European Ariane 6 rocket took off for its first commercial mission on Thursday after several delays, helping the continent's efforts to reduce its reliance on Elon Musk's SpaceX. The heavy-lift Ariane 6, built by the Airbus SE - Safran SA joint venture ArianeGroup and operated by its Arianespace subsidiary, blasted off at 17:24 CET from Europe's spaceport in French Guiana carrying a military satellite to orbit 800 kilometers (497 miles) above Earth.
Yahoo
15-02-2025
- Business
- Yahoo
Safran SA (SAFRF) (FY 2024) Earnings Call Highlights: Record Revenue and Strategic Growth ...
Revenue: EUR27.3 billion, up 18% year-over-year. Recurring Operating Profit: EUR4.1 billion, up 30%. Operating Margin: Expanded by 150 basis points to 15.1%. Free Cash Flow: EUR3.2 billion. Dividend Proposal: EUR2.90 per share, up 32% from last year. Net Income: EUR3.1 billion, representing EUR7.37 per share, up 52%. Propulsion Revenue: EUR13.7 billion, up 15%. Equipment & Defense Sales: EUR10.2 billion, up 17.7%. Aircraft Interiors Sales: EUR3 billion, up 25.2%. Net Cash Position: EUR1.7 billion at the end of 2024. Share Repurchase: 6.5 million shares repurchased for EUR1.3 billion. Warning! GuruFocus has detected 2 Warning Sign with BOM:509631. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Safran SA (SAFRF) achieved record levels in revenues, profits, and cash flows for 2024, with a significant 18% revenue growth to EUR27.3 billion. The company improved its operating margin by 150 basis points, reaching 15.1%, demonstrating strong operational excellence. Safran SA (SAFRF) completed the acquisition of CRT, a US MRO leader, and divested its 50% share of Roxel, indicating strategic portfolio management. The LEAP-1A engine achieved FAA and EASA certification for a new high-pressure turbine durability kit, enhancing its durability and profitability. Safran SA (SAFRF) is on track with its sustainability goals, dedicating 88% of its EUR700 million research and technology budget to environmental efficiency and increasing its EcoVadis rating to 65 out of 100. Original Equipment (OE) deliveries were down 10% due to supply chain constraints, impacting lead volumes. Despite strong aftermarket growth, the company faces ongoing supply chain issues that are expected to persist into 2025. The Aircraft Interiors division, although back to profitability, is still 5% below the record levels of 2019. The company is exposed to potential tariff impacts due to its global supply chain, particularly concerning parts crossing borders between the US, Mexico, and Canada. Safran SA (SAFRF) faces challenges in managing inventory and customer advance payments amidst a volatile market environment. Q: Can you provide more details on the revised spares guidance and what has changed from the previous outlook? A: Olivier Andries, CEO: We have slightly revised our guidance for spare parts, increasing the volume of shop visits and engine inductions. However, our assumptions regarding scope and pricing remain unchanged. Q: Given the strong cash flow performance in 2024, how does this affect your long-term free cash flow guidance? A: Pascal Bantegnie, CFO: We exceeded our expectations for free cash flow in 2024 and have raised our 2025 guidance. While our cumulative cash guidance of EUR15 billion to EUR17 billion may seem conservative, we prefer to proceed cautiously due to various moving parts, such as LEAP engine deliveries and supply chain constraints. Q: Can you discuss the pricing dynamics for OE engines and the breakeven point for the LEAP engine? A: Pascal Bantegnie, CFO: We see slight improvements in OE engine pricing over time, but nothing significant for EBIT performance. The engines delivered in 2025 are based on contracts signed years ago, and the spare engine ratio is in the low teens. Q: What are your expectations for high-thrust engine OE and aftermarket revenue growth in 2025? A: Olivier Andries, CEO: The dynamics for high-thrust engines are strong, contributing to our raised guidance for spare parts in 2025. We expect robust growth in this segment. Q: How are supply chain constraints affecting LEAP or CFM56 spare parts, and what is the expected cadence of LEAP deliveries in 2025? A: Olivier Andries, CEO: Supply chain issues are improving but still present. We expect to deliver 15% to 20% more LEAP engines in 2025 compared to 2024, but we won't provide quarterly guidance for the ramp-up. Q: Can you explain the discrepancy between Safran's civil aftermarket growth and GE's performance in commercial services? A: Olivier Andries, CEO: Our spare parts indicator mainly covers CFM56, while GE's includes both narrow-body and wide-body engines. Differences in accounting rules and exposure to services also contribute to the discrepancy. Q: What is the timeline for profitability in the seats segment, and how does this relate to the revenue and profit guidance for 2025? A: Olivier Andries, CEO: We aim to improve Aircraft Interiors' profitability to double digits by 2028, starting from breakeven in 2024. For 2025, we expect increased EBIT margins and improved cash performance. Q: How will the recognition of LEAP aftermarket profit in 2025 impact propulsion margins? A: Pascal Bantegnie, CFO: The introduction of the new HPT blade allows us to start recognizing profits on LEAP-1A RPFH contracts, but this will not materially impact the overall EBIT guidance or propulsion margins. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
