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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Safran    SAF   FR0000073272

SAFRAN (SAF)
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SAFRAN : Japan’s Narita International Airport Selects Morpho’s CTX 9800 EDS for Hold Baggage Screening

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03/12/2013 | 10:49am CEST
Newark, Calif. - March 5, 2013 - Morpho (Safran), through its subsidiary Morpho Detection, Inc., today announced the Narita International Airport Corporation in Japan has purchased 13 high-speed CTX 9800 DSi™ explosives detection systems (EDS) for hold baggage screening.
The latest evolution of Morpho's industry-leading CTX family of EDS, CTX 9800 is U.S. Transportation Security Administration (TSA)-certified as high-speed, capable of screening more than 1,000 bags per hour (BPH). All 13 units will be integrated into Narita International Airport's baggage handling system beginning this year to replace legacy systems. This deployment will bring the total number of Morpho CTX EDS units in service at Narita International Airport to approximately 40.
"Morpho is thrilled that Narita International Airport has recognized the operational capabilities of CTX 9800 by selecting it to protect travelers," said Brad Buswell, president and CEO, Morpho Detection, Inc. "We are committed to helping airports of all sizes enhance the efficiency of their checked baggage screening programs. By reducing false alarms and time-intensive manual inspections of checked luggage, CTX 9800 is delivering on this commitment."
Morpho's unique Clarity technology, found in the CTX 9800, enables it to screen checked luggage at higher speeds while continuing to deliver high-definition 3-D (HD3-D) imaging of each bag.
By utilizing advanced computed tomography (CT) imaging technology, CTX 9800 can enhance operational efficiencies by screening bags faster and with fewer false alarms. Morpho's CT-based EDS systems are the most widely deployed in the world, with nearly 2,000 in service.
For more information on Morpho's detection products, visit www.morphodetection.com.
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About Morpho
Morpho, a high-technology company of Safran, is one of the world's leading suppliers of identification, detection and e-document solutions. Morpho is specialized in personal rights and flow management applications, in particular based on biometrics, a sector in which it is the world leader, as well as secure terminals and smart cards. Morpho's integrated systems and equipment are deployed worldwide and contribute to the safety and security of transportation, data, people and countries.
For more information : www.morpho.com - www.safran-group.com

About Morpho Detection, Inc.
Morpho Detection, Inc., part of Morpho, a security business of Safran (PAR: SAF), is a leading supplier of explosives and narcotics and chemical, biological, radiological, and nuclear (CBRN) detection systems for government, military, air and ground transportation, first responder, critical infrastructure and other high-risk organizations. Morpho Detection integrates computed tomography, Raman spectroscopy, trace (ITMS™), mass spectrometry, X-ray and X-ray Diffraction technologies into solutions that can make security activities more accurate, productive and efficient. Morpho Detection's solutions are deployed to help protect people and property the world over.
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Financials (€)
Sales 2017 16 300 M
EBIT 2017 2 400 M
Net income 2017 2 042 M
Debt 2017 1,34 M
Yield 2017 1,78%
P/E ratio 2017 16,08
P/E ratio 2018 19,24
EV / Sales 2017 2,21x
EV / Sales 2018 1,97x
Capitalization 36 006 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 82,0 €
Spread / Average Target -5,1%
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Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
Xavier Lagarde Director
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