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Wednesday, Mar 2710:28 AMIn 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." |Wednesday, Mar 2710:28 AM| Comment!
Wednesday, Jan 28:37 AMBoeing (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) |Wednesday, Jan 28:37 AM| 2 Comments
Tuesday, Oct 162012, 7:15 AMContinuing 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) |Tuesday, Oct 162012, 7:15 AM| Comment!
Tuesday, Jul 172012, 11:47 AMHoneywell (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. |Tuesday, Jul 172012, 11:47 AM| Comment!
Thursday, Jul 122012, 12:15 PMGE 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. |Thursday, Jul 122012, 12:15 PM| 1 Comment
Tuesday, Jul 102012, 12:10 PMFarnborough: 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. |Tuesday, Jul 102012, 12:10 PM| Comment!
Sunday, Jul 82012, 4:51 AMCFM 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. |Sunday, Jul 82012, 4:51 AM| 3 Comments
Monday, Feb 272012, 2:23 PMGeneral 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. |Monday, Feb 272012, 2:23 PM| 1 Comment
Wednesday, Feb 152012, 8:35 AM
Thursday, Dec 152011, 10:14 AMJetBlue (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. |Thursday, Dec 152011, 10:14 AM| Comment!
Wednesday, Dec 72011, 2:45 PMWith 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. |Wednesday, Dec 72011, 2:45 PM| Comment!
Monday, Aug 292011, 3:40 AMBoeing'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). |Monday, Aug 292011, 3:40 AM| 2 Comments