Safran and MBDA, a missile-production joint venture between Airbus, Leonardo and BAE Systems, said they had entered the final phase of negotiations for a contract with the French defense procurement agency to deploy a new artillery system.

The companies said the Thundart, as the new system is known, would significantly boost land strike capabilities for the French armed forces with precision strikes of up to 150 kilometers. The system is set to succeed the current Lance-Roquettes Unitaire.

The groups said the Thundart could be operational as early as 2030.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

06-16-26 0614ET

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Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Off-Hours Price	Change	5-day change	Capi.
SAFRAN	336.10EUR	-1.15%	-5.78%	161B
AIRBUS SE	197.26EUR	+0.38%	-4.31%	177B
BAE SYSTEMS PLC	1,851.00GBX	+0.65%	-6.59%	69.9B
LEONARDO S.P.A.	51.82EUR	-0.71%	-1.35%	34.42B

Latest news about Safran

Jul. 10	SAFRAN : Jefferies sticks Neutral	ZD
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Chart Safran

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Company Profile

Safran is a high technology international group, a leading equipment provider in the Aerospace and Defense markets. The group specializes in the design, manufacturing, and marketing of equipment and systems of high technology mechanical and electronic equipment. Net sales break down by product family as follows: - aeronautic and space propulsion systems (50%): helicopter motors (No. 1 worldwide), civil and military airplanes motors, systems for space lancers and missiles, turboreactors for drone targets, etc.; - aircraft equipment, defense systems and aerosystems (39.3%): airplane engine pods, landing gear, braking systems, electric wiring systems, etc. Safran also offers on board aircraft systems and equipment (primarily evacuation slides, emergency arresting systems, protective parachutes and oxygen systems, electrical power management systems, control systems, water and waste management systems and connectivity systems) and defense and security systems (helicopter flight controls, fingerprint-based biometric identification systems (No. 1 worldwide), inertial systems, optronic systems, tactical drone systems, etc.); - aircraft interiors (10.7%): cabin interiors and seats. Net sales are distributed geographically as follows: France (19%), Europe (23%), Americas (29%), Asia and Oceania (19%), Africa and Middle East (10%).

Employees

103,710

Sector

Aerospace & Defense

Calendar

Earnings release - Q2 2026

More about the company