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

SAFRAN (SAF)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Safran : CFM and SilkAir Sign $1 Billion Engine-Support Agreement

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11/10/2017 | 06:44pm CEST
 By Sonia Amaral Rohter 
 

French aerospace supplier Safran SA (>> Safran) said Friday that its CFM International joint venture has signed a fifteen-year maintenance agreement to support the LEAP-1B engines installed in SilkAir's new fleet of Boeing 737 MAX 8 aircraft.

The agreement with SilkAir, which is valued at $1 billion at list price, includes a total of 80 engines.

Safran said that under the terms of the agreement CFM International--its joint venture with General Electric (>> General Electric Company)--guarantees the maintenance costs for all SilkAir's LEAP-1B engines on a dollar per engine flight hour basis.

SilkAir is a regional carrier of Singapore Airlines (C6L.SG).

Write to Sonia Amaral Rohter at [email protected]

Stocks mentioned in the article : Safran, General Electric Company
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL ELECTRIC COMPANY -2.00% 12.7851 Delayed Quote.-25.21%
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Financials (€)
Sales 2018 20 328 M
EBIT 2018 2 738 M
Net income 2018 1 963 M
Debt 2018 4 625 M
Yield 2018 1,78%
P/E ratio 2018 21,37
P/E ratio 2019 18,06
EV / Sales 2018 2,25x
EV / Sales 2019 2,04x
Capitalization 41 087 M
Chart SAFRAN
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Safran Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Technical analysis trends SAFRAN
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 96,7 €
Spread / Average Target -3,0%
EPS Revisions
Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Ross McInnes Chairman
Bernard-Pierre Jacques Delpit Chief Financial Officer
Stéphane Cueille Senior VP-Research, Technology & Innovation
Patrick Gandil Director
Sector and Competitors
1st jan.Capitalization (M$)
SAFRAN16.05%48 103
TRANSDIGM GROUP24.62%17 944
MTU AERO ENGINES8.97%9 865
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HEICO CORP21.38%8 647
AVIC AIRCRAFT CO LTD--.--%6 174