Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Safran
  6. News
  7. Summary
    SAF   FR0000073272

SAFRAN

(SAF)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Safran : expands its wheels and brakes repair network with a new facility in Grand Prairie, Texas

09/17/2021 | 07:42am EDT

September 16, 2021

Safran Landing Systems, inaugurates its new wheel and brake repair facility in Grand Prairie, on September 15th, 2021, in the presence of Cédric Goubet, CEO and Nicolas Potier, Executive VP Wheels and Brakes.

The new repair shop has received its FAA certification on August 12th, 2021, and is fully operational to provide wheels & carbon brakes maintenance and logistics services to Safran's airline customers, as well as to the United States Air Force and United States Navy in support of their military platforms.

Cédric Goubet said, 'The opening of the Dallas shop is an important milestone in Safran Landing Systems' long-term commitment to strengthen our wheels and brakes repair network in the United States, and therefore meet the rapid growth of our integrated OEM & MRO packages offer.'

The five strategically-located repair stations (Milwaukee, Wisconsin; Miami, Florida; Bethlehem, Pennsylvania; Las Vegas, Nevada and Grand Prairie, Texas), staffed with 200 highly skilled specialists, have a combined footprint of 150,000 square feet. They are operating in full cooperation with our manufacturing plant in Walton, Kentucky, where wheels, brakes, and carbon heat sinks are produced.

Mike Buckley, President of Safran Wheel and Brake Repair and Services, added, 'this expansion allows us to better serve our airline partners, in the framework of the post-COVID traffic recovery and strong ramp-up in activity that the industry is experiencing. In addition to the logistics benefits that this network provides, our facilities have also enhanced their turn-key solutions, such as machining & metal improvement capabilities, to increase efficiencies, add value to our customers' supply chains, and allow them to focus on their core business.'

Disclaimer

Safran SA published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2021 11:41:03 UTC.


© Publicnow 2021
All news about SAFRAN
10/20SAFRAN : officially opens new electronics Research & Development center in Valence
PU
10/19SAFRAN : begins assembly of Arriel 2E helicopter engine in U.S.
PU
10/15SAFRAN : JP Morgan remains its Buy rating
MD
10/12SAFRAN : launches Landing Life, a single brand grouping all landing and braking system sup..
AQ
10/12SAFRAN : inaugurates extension of its antenna and ground station engineering and productio..
PU
10/12SAFRAN : Receives a Buy rating from Goldman Sachs
MD
10/11SAFRAN : Kepler Cheuvreux remains its Buy rating
MD
10/11SAFRAN : UBS maintains a Buy rating
MD
10/11SAFRAN : launches Landing Life™, a single brand grouping all landing and braking sys..
PU
10/08SAFRAN : Deutsche Bank remains Neutral
MD
More news
Analyst Recommendations on SAFRAN
More recommendations
Financials
Sales 2021 15 571 M 18 064 M 18 064 M
Net income 2021 963 M 1 117 M 1 117 M
Net Debt 2021 1 616 M 1 874 M 1 874 M
P/E ratio 2021 49,6x
Yield 2021 0,93%
Capitalization 45 934 M 53 343 M 53 288 M
EV / Sales 2021 3,05x
EV / Sales 2022 2,53x
Nbr of Employees 78 900
Free-Float 81,3%
Chart SAFRAN
Duration : Period :
Safran Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAFRAN
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 107,76 €
Average target price 129,64 €
Spread / Average Target 20,3%
EPS Revisions
Managers and Directors
Olivier Andriès Chief Executive Officer & Director
Bernard-Pierre Jacques Delpit Chief Financial Officer & Executive Vice President
Ross McInnes Chairman
Frédéric Verger Executive VP, Chief Digital & Information Officer
Eric Dalbies Senior VP-Research, Technology & Innovation
Sector and Competitors