Trade Safran - SAF CFD

Safran Company profile

Safran (SAF) is a French high-technology group, established in 1905 and based in Paris, France. The company provides solutions across the following directions: Aviation (aircraft engines and nacelles, engine equipment, landing and electrical systems), Space (launcher and satellite propulsion and equipment), and Defence (navigation systems, missile propulsion, optronics, guidance, drones, etc.). Overall, the company holds 850 patents. Safran employs approximately 58,000 staff members. The Safran share price is listed on the Euronext Paris, and it is included into the CAC 40 and the Euro Stoxx 50 indices. You can also find the up-to-date Safran share price charts at Capital.com.

History of the company refers to the creation of Gnome, the first producer of rotary engines for airplanes, by Louis Seguin in 1905. Gnome was nationalized after the Second World War, establishing Snecma, which in turn carried out a number of acquisitions to create a larger group of companies.

On 11 May 2005, the Safran Group was created by the merger of Snecma and Sagem SA, a large French company involved in defence and consumer electronics, and communication systems. Safran's presence spans the globe as they are committed to providing responsive local solutions and winning new markets.

Safran had created a launcher joint venture, called Airbus Safran Launchers, with Airbus Group by May 2015. This entity is currently working on the development of Ariane 6 launch vehicle for initial flights in the 2020s.

Safran took control of Zodiac Aerospace In February 2018, significantly expanding its aircraft equipment activities, as well as creating the third largest aerospace supplier with $22.5 billion revenue.

The same year, Safran and Boeing announced their partnership to design, build and service auxiliary power units (APU), after regulatory and antitrust clearance in the second half of 2018.

Explore the Safran share price (SAF) at Capital.com.