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

SAFRAN (SAF)
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Safran : CFM and SilkAir Sign $1 Billion Engine-Support Agreement

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11/10/2017 | 06:44pm CET
 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 0.21% 14.53 Delayed Quote.-16.96%
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Financials (€)
Sales 2017 16 360 M
EBIT 2017 2 402 M
Net income 2017 2 277 M
Finance 2017 143 M
Yield 2017 1,67%
P/E ratio 2017 15,92
P/E ratio 2018 20,09
EV / Sales 2017 2,29x
EV / Sales 2018 2,11x
Capitalization 37 658 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 24
Average target price 91,1 €
Spread / Average Target 0,84%
EPS Revisions
Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Ross McInnes Chairman
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
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