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- OTCPK - Current
  • Tue, Mar. 3, 7:36 AM
    • Looking to bring down its public debt, the French government said it plans to sell a 3.96% stake in aerospace supplier Safran (OTCPK:SAFRY), and may sell as much as a 4.55% stake, depending on investor appetite.
    • Following the sale, France will still remain Safran’s main shareholder, with a 18.03% stake.
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  • Wed, Feb. 18, 11:08 AM
    • Airbus (OTCPK:EADSY +0.4%) Helicopters has decided to focus on one engine type for its X4 program, choosing Safran's (OTCPK:SAFRY) subsidiary Turbomeca as its provider.
    • The unit came to the decision after market research suggested the need for a "significant" increase in engine power.
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  • Dec. 3, 2014, 4:48 AM
    • Creating a new joint venture to build a less expensive version of the European satellite launcher Ariane, Airbus (OTCPK:EADSY) and Safran (OTCPK:SAFRY) will combine their space launcher activities under a new JV called Airbus Safran Launchers.
    • The two will begin building the Ariane 6 rocket in January and expect it to launch in 2020.
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  • Oct. 24, 2014, 4:24 AM
    • Rolls-Royce (OTC:RRCEF) has finalized an initial 25-year deal to form a JV with Safran's (OTCPK:SAFRY) Hispano-Suiza unit to design and develop accessory drive train transmissions for the company's full range of future aircraft engines.
    • A production plant will be built in a competitive country starting next year, with the aim of starting operations in late 2016 or early 2017.
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  • Mar. 27, 2013, 10:28 AM
    In what WSJ calls a bid to raise revenue to reduce the deficit, the French government disposes of 13M shares of defense equipment company Safran (SAFRY.PK). The sale raises €448M which will "be used to finance new productive investments to help repair [the] national economy."
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  • Jan. 2, 2013, 8:37 AM
    Boeing (BA) has finalized a booking from air-leasing company Aviation Capital Group for 60 737 MAX aircraft in a deal worth $6B at list prices, taking the number of MAX jets that have been ordered to well over 1,000. The planes will be equipped with new LEAP-1B engines from CFM International, which is a JV between GE (GE) and Safran unit Secma. (PR)
  • Oct. 16, 2012, 7:15 AM
    Continuing to try and erase much of the debt it took on for the Goodrich acquisition, United Technologies (UTX) unloads Goodrich's electric power systems business to Safran (SAFRY.PK) for $400M. The deal is subject to regulatory approval in the U.S., EU, and China. (PR)
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  • Jul. 17, 2012, 11:47 AM
    Honeywell (HON -0.1%) and France's Safran are working on technology that would enable the use of autopilots while taxiing and not just in the air. Honeywell says the system would be safer and more fuel efficient, although it is yet to persuade Airbus to launch aircraft tests despite months of talks.
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  • Jul. 12, 2012, 12:15 PM
    GE Aviation (GE -1%) reaps the benefit of United Continental's (UAL) mega-deal to buy 150 Boeing 737s, with the airline ordering $5B worth of engines from CFM International, GE's JV with France's Safran. The bookings round off a week in which CFM has announced orders valued at $12.6B.
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  • Jul. 10, 2012, 12:10 PM
    Farnborough: CFM, GE's (GE -0.7%) and Safran's aircraft engine JV, benefits from the orders that Boeing is winning for its 737 aircraft, with CFM obtaining bookings worth billions of dollars for its Leap products. These include orders from Virgin Australia and Air Lease (AL). GE Aviation is also selling engines to Oman.
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  • Jul. 8, 2012, 4:51 AM
    CFM International, GE's aircraft engine JV with Safran, reckons the narrow-body commercial jet market will be worth $500B over the next 20 years, with demand set to reach 40,000 engines. CFM makes the engine for Boeing's new 737 MAX and competes with Pratt & Whitney to supply the Airbus A320 neo.
  • Feb. 27, 2012, 2:23 PM
    General Electric (GE -0.6%) joins a $1B joint venture with Nippon Carbon and Safran (SAFRY.PK) to manufacture silicon carbide composite materials for use in next-generation aircraft engines. An exec with GE noted last week that the aviation industry in Asia is "booming" with economic growth strong in the region.
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  • Feb. 15, 2012, 8:35 AM
    CFM, a JV between GE (GE) and France's Safran (SAFRY.PK), wins a contract worth $840M at list prices to supply engines for 35 Airbus A320neo planes for Kuwait-based Aviation Lease & Finance Company.
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  • Dec. 15, 2011, 10:14 AM
    JetBlue (JBLU +2.1%) picks Pratt & Whitney (UTX +0.4%) in a ~$1B order for 86 engines to equip 40 Airbus SAS A320neo jets the carrier ordered earlier this year, beating out GE and Safran (SAFRY.PK) joint venture CFM International. It's the first U.S. airline customer for the PurePower geared turbofan engine on the A320neo.
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  • Dec. 7, 2011, 2:45 PM
    With the "price of safety" too high right now for high-quality, defensive European stocks, JPMorgan picks a portfolio set to soar in 2012. The top 5: Michelin (MGDDY.PK), Safran (SAFRY.PK), Arkema (ARKAY.PK), ArcelorMittal (MT), and Vinci. All 5 have dividend yields at or towering above the U.S. 10 year, and none are financials.
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  • Aug. 29, 2011, 3:40 AM
    Boeing's (BA) board could decide today to upgrade the 737 with more fuel-efficient engines, with the company believing that demand will be will be similar to that of Airbus' (EADSY.PK) successful A320neo. The 737 will use the Leap-X engine from CFM, a JV of Safran (SAFRY.PK) and GE (GE).
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Company Description
Safran is a world-class manufacturer of aircraft and rocket engines and propulsion systems, and aircraft equipment.
Sector: Technology
Country: France