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    SAF   FR0000073272

SAFRAN

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

09/20/2021 | 11:28am EDT

Safran Landing Systems, inaugurates its new wheel and brake repair facility in Grand Prairie, on September 15th, 2021, in the presence of Cedric 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.

Cedric 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.'

ADD TO MY CONTACTS

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 76,000 employees and sales of 16.5 billion euros in 2020 and holds, alone or in partnership, world or regional leadership positions in its core markets.

Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

Safran Landing Systems is the world leader of aircraft landing and braking systems. The company has partnerships with 30 airframers in civil, regional, commercial and military transport, and supports 27,000 aircraft.

For further details: www.safran-group.com and www.safran-landing-systems.com / Follow @Safran and @SafranLandingS on Twitter.

Safran Landing Systems Wheel and Brake Services is a rapid-response provider of aircraft wheel and brake repair and overhaul services. An FAA 145 repair station, Safran Landing Systems Wheel and Brake Services serves commercial airlines, low-cost carriers and aircraft parts providers with wheel and brake shops in Milwaukee, Wisconsin, Miami, Florida, Bethlehem, Pennsylvania, Las Vegas, Nevada, and Grand Prairie, Texas.

Contact Us

PRESS CONTACT

Virginie Combes

Safran Landing Systems

+33146291822

virginie.combes@safrangroup.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 15 626 M 18 126 M 18 126 M
Net income 2021 914 M 1 060 M 1 060 M
Net Debt 2021 1 814 M 2 104 M 2 104 M
P/E ratio 2021 56,9x
Yield 2021 0,87%
Capitalization 49 438 M 57 353 M 57 348 M
EV / Sales 2021 3,28x
EV / Sales 2022 2,72x
Nbr of Employees 78 900
Free-Float 81,3%
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Last Close Price 115,98 €
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