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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 | 06:51pm 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
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Financials (€)
Sales 2017 16 374 M
EBIT 2017 2 420 M
Net income 2017 2 031 M
Finance 2017 86,0 M
Yield 2017 1,73%
P/E ratio 2017 16,48
P/E ratio 2018 19,50
EV / Sales 2017 2,22x
EV / Sales 2018 2,00x
Capitalization 36 369 M
Chart SAFRAN
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Safran Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Technical analysis trends SAFRAN
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 85,9 €
Spread / Average Target -1,5%
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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