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Safran


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Ariane 6 set for new launch this year after software flaw identified

UPDATE 1-Ariane 6 set for new launch this year after software flaw identified Adds comments on European space market from paragraph 6 PARIS, Sept 16 (Reuters) - Space launch provider Arianespace on Monday reaffirmed plans to stage the second mission of Europe's Ariane 6 launcher before the end of the year after a glitch that marred the inaugural launch was traced to an "easily fixable" software fault.
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Ariane 6 set for new launch this year after software flaw identified

Ariane 6 set for new launch this year after software flaw identified PARIS, Sept 16 (Reuters) - Space launch provider Arianespace on Monday reaffirmed plans to stage the second mission of Europe's Ariane 6 launcher before the end of the year after a glitch that marred the inaugural launch was traced to an "easily fixable" software fault. Following lengthy delays, Europe's newest uncrewed rocket blasted off on July 9 and successfully carried out a series of trials.
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Boeing and union negotiators to resume talks next week amid strike, federal mediators say

UPDATE 14-Boeing and union negotiators to resume talks next week amid strike, federal mediators say About 30,000 workers in Seattle and Portland areas on strike Boeing already wrestling with output delays, high debt Strike poses a challenge for new CEO Kelly Ortberg Shares down 3.7% Recasts with plan to resume talks By Joe Brock and David Shepardson SEATTLE, Sept 13 (Reuters) - Boeing BA.N and union negotiators will return to the bargaining table early next week, U.S.
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Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *
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RBC initiates Safran with 'outperform' on positive engine catalysts

BUZZ-RBC initiates Safran with 'outperform' on positive engine catalysts ** RBC initiates French jet engine maker Safran with "outperform" pointing to CFM56 upside, portfolio adjustments, capital allocation and bullish long-term outlook as positive catalysts ** "The CFM56 engine is expected to continue to be a strong source of upside," says RBC **
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Sept 11 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. U.S. PRESIDENTIAL DEBATE: Democratic Vice President Kamala Harris put Republican Donald Trump on the defensive at a combative presidential debate on Tuesday with a stream of attacks on abortion limits, his fitness for office and his myriad legal woes, as both candidates sought a campaign-altering
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RTX sees labor challenges, exploring alternatives to China suppliers

UPDATE 2-RTX sees labor challenges, exploring alternatives to China suppliers Adds Safran CEO comments, context, paragraphs 3-7 By Tim Hepher and David Shepardson WASHINGTON, Sept 10 (Reuters) - The head of aerospace and defense giant RTX RTX.N sounded the alarm on global supply chains in the wake of the COVID-19 pandemic and warned that finding qualified labor for in-demand jet industry production lines remains a "huge" challenge.
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Airbus CEO upbeat on new engine technology, but says jury still out

UPDATE 2-Airbus CEO upbeat on new engine technology, but says jury still out Adds GE Aerospace comment, paragraphs 7-8 Airbus CEO says CFM deliveries still running late GE Aerospace CEO Larry Culp highlights progress in addressing supply chain issues Boeing seen skeptical about near-term viability of CFM's open-rotor technology By Tim Hepher, David Shepardson WASHINGTON, Sept 10 (Reuters) - The head of European planemaker Airbus AIR.PA said novel open-rotor technology being tested by engine make
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Safran To Buy Component Repair Technologies (CRT)

BRIEF-Safran To Buy Component Repair Technologies (CRT) Sept 10 (Reuters) - Safran SA SAF.PA : SAFRAN TO ACQUIRE COMPONENT REPAIR TECHNOLOGIES IN ORDER TO EXPAND ITS MRO NETWORK CRT HAS OVER 450 EMPLOYEES THE TRANSACTION IS EXPECTED TO BE COMPLETED BY THE END OF 2024 Source text: shorturl.at/Qeow7 Further company coverage: SAF.PA (Gdansk Newsroom)
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Airbus CEO upbeat on new engine technology, but jury still out

Airbus CEO upbeat on new engine technology, but jury still out WASHINGTON, Sept 10 (Reuters) - The head of European planemaker Airbus AIR.PA said novel open-rotor technology being tested by engine maker CFM International offers promising efficiencies and reductions in emissions but that the "jury is out" on whether it will be viable. Chief Executive Guillaume Faury also told reporters on the sidelines of the Global Aerospace Summit, hosted by the U.S.
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Airbus CEO says to launch new plane by end of decade

BRIEF-Airbus CEO says to launch new plane by end of decade Sept 10 (Reuters) - Airbus SE AIR.PA CEO at US Chamber of Commerce event: CEO SAYS AEROSPACE INDUSTRY UNDER-ESTIMATED TIME IT WOULD TAKE TO REPLACE WORKERS WHO LEFT DURING COVID-19 CEO SAYS WILL LAUNCH A NEW AIRPLANE BY THE END OF THE DECADE WITH DEVELOPMENT NEXT DECADE CEO SAYS NEXT SINGLE
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Safran in talks with MBDA over Roxel's stake, La Tribune reports

Safran in talks with MBDA over Roxel's stake, La Tribune reports Sept 9 (Reuters) - French jet engine maker Safran SAF.PA and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on Monday. Both companies own 50% of Roxel, and the proposed deal would have MBDA buying the remaining shares from Safran, the newspaper said, noting the talks have been going on for more than a year.
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Safran buys AI firm Preligens for 220 million euros

UPDATE 1-Safran buys AI firm Preligens for 220 million euros Adds details from paragraph 2 Sept 2 (Reuters) - French jet engine maker Safran SAF.PA said on Monday it had struck a deal to buy AI firm Preligens for 220 million euros ($243.3 million). Preligens , which specialises in artificial intelligence for aerospace and defense , will be renamed Safran.AI and will become a part of the Safran Electronics & Defense business area .
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Safran buys AI firm Preligens for 220 million euros

Safran buys AI firm Preligens for 220 million euros Sept 2 (Reuters) - French jet engine maker Safran SAF.PA said on Monday it had struck a deal to buy AI firm Preligens for 220 million euros ($243.3 million). ($1 = 0.9042 euros) Reporting by Michal Aleksandrowicz in Gdansk; editing by Milla Nissi
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Electra.aero picks ex-Boeing executive Marc Allen as CEO

Electra.aero picks ex-Boeing executive Marc Allen as CEO By Tim Hepher PARIS, Aug 29 (Reuters) - Lockheed-backed Electra.aero has appointed former Boeing executive Marc Allen as chief executive as it seeks to deliver on plans to develop hybrid-electric planes capable of operating from soccer-field-length runways. The Virginia-based startup, whose investors include Lockheed Martin Ventures, is developing a nine-passenger eSTOL or electrically powered Short Take-Off and Landing aircraft, and carri
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Defence stocks drop after Berlin says it will reject new aid requests for Ukraine

BUZZ-Defence stocks drop after Berlin says it will reject new aid requests for Ukraine ** Shares of European defence firms slide after the German federal government said it would reject new military aid requests for Ukraine due to spending cuts ** The government, cited by newspaper FAZ, says the reason for the cuts is the disastrous state of the fe
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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Safran Boosts Production Of Satellite Propulsion Systems In The US

BRIEF-Safran Boosts Production Of Satellite Propulsion Systems In The US Aug 5 (Reuters) - Safran SA SAF.PA : BOOSTS PRODUCTION OF ADVANCED SATELLITE PROPULSION SYSTEMS IN THE US WILL SUPPORT THE PROJECTED GROWTH OF THE NORTH AMERICAN SMALL SATELLITE MARKET, WHICH IS EXPECTED TO REACH MORE THAN $5 BILLION BY 2030 THE “MADE-IN-THE-USA” EPS®X00
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UK's Senior interim profit rises as Airbus contracts help mitigate Boeing concerns

UPDATE 2-UK's Senior interim profit rises as Airbus contracts help mitigate Boeing concerns H1 profit up 10% Sees mitigating lower Boeing sales in FY Declares interim dividend of 0.75p Rewrites with quotes from CEO call on Airbus, analysts comments, shares By Prerna Bedi Aug 5 (Reuters) - British engineering firm Senior Plc SNR.L posted a 10% rise in first-half profit on Monday as new and extended contracts with Airbus AIR.PA offset production issues with the Boeing BA.N 737 MAX.
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US supplier Howmet under spotlight over Airbus engine delays

UPDATE 2-US supplier Howmet under spotlight over Airbus engine delays Rewrites, adds Safran CEO quote in paragraph 6, context By Tim Hepher PARIS, July 31 (Reuters) - French jet engine maker Safran SAF.PA on Wednesday named U.S. contractor Howmet Aerospace HWM.N as the supplier of parts at the centre of industrial issues that led to a slowdown of engine production and curtailed deliveries of Airbus jets.
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