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

SAFRAN (SAF)

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SAFRAN : Nice Côte d'Azur Airport in France Selects Morpho’s CTX 9800 EDS for Hold Baggage Screening

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10/08/2013 | 05:43pm CEST
08.10.2013
Nice Côte d'Azur Airport in France Selects Morpho's CTX 9800 EDS for Hold Baggage Screening

High-speed explosives detection systems to enhance passenger checked baggage screening capabilities

PARIS -October 8, 2013 - Morpho (Safran), through its subsidiary Morpho Detection, Inc., today announced that Nice Côte d'Azur International Airport in Nice, France has purchased four high-speed CTX 9800 DSi™ explosives detection systems (EDS) to screen hold baggage.

As a result, the airport will become the first in the continental E.U. to screen all passenger checked baggage-referred to as Level 1 screening-with an advanced EDS. Under terms of the agreement, delivery of the systems will begin this year with all units scheduled to be online by early 2014.

"Morpho Detection commends Nice Côte d'Azur for being the first airport in the region to utilize an advanced EDS system at Level 1 to screen checked baggage and protect travelers," said Cyril Dujardin, president & CEO, Morpho Detection International, Inc. "Morpho Detection is committed to helping airports of all sizes enhance the accuracy and efficiency of their baggage screening programs through the deployment of advanced explosives detection capabilities."

Morpho Detection's CTX™ family of EDS use advanced Computed Tomography (CT) technology to screen checked baggage. Capable of screening more than 1,000 bags per hour (BPH), the high-speed CTX 9800 enhances operational efficiencies by screening bags faster and with fewer false alarms. The CTX 9800 is certified by the U.S. Transportation Security Administration (TSA) and approved by the European Civil Aviation Conference (ECAC) as meeting E.U. Standard 3 requirements.

Morpho Detection'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.

* * * *

About Morpho Detection, Inc.
Morpho Detection, Inc., part of Morpho, Safran's (PAR: SAF) security business, is a leading supplier of explosives and narcotics and chemical, radiological, and nuclear 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.

For more information: www.morpho.com - www.safran-group.com
Follow @MORPHO_NEWS on Twitter

Press Contacts:
Morpho Detection, Inc
Scott Factor
+1-216-233-8551
sfactor@morphodetection.com

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Financials (€)
Sales 2017 16 925 M
EBIT 2017 2 372 M
Net income 2017 1 601 M
Debt 2017 35,9 M
Yield 2017 2,26%
P/E ratio 2017 17,16
P/E ratio 2018 16,10
EV / Sales 2017 1,72x
EV / Sales 2018 1,55x
Capitalization 29 092 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 70,4 €
Spread / Average Target 0,94%
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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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