Safran
 | |
 | |
| Company type | Société Anonyme |
|---|---|
| Euronext Paris:SAF
CAC 40 Component | |
| Industry | Aerospace Defense |
| Predecessor | Snecma,Sagem |
| Founded | 11 May 2005 |
| Headquarters | , |
Key people | Olivier Andriès(CEO) Ross McInnes(Chairman)[1] |
| Products | Aircraft engines,equipment, and interiors, defenceelectronics,avionics,navigation system,communications systems,satellites |
| Revenue |  €23.20 billion (2023)[2] |
| €3.17 billion (2023) | |
| €2.03 billion (2023) | |
| Total assets | €50.47 billion (end 2023) |
| Total equity | €12.09 billion (end 2023) |
Number of employees | 92,000 (2023) |
| Subsidiaries | OEMServices[3] Safran Aero Boosters Safran Aerosystems Safran Aircraft Engines Safran Cabin Safran Ceramics Safran Electrical & Power Safran Electronics & Defense Safran Helicopter Engines Safran Landing Systems Safran Nacelles Safran Passenger Solutions Safran Seats Safran Transmission Systems ArianeGroup(50% ownership) PowerJet(50% ownership) |
| Website | www |
Safran S.A.is a Frenchmultinationalaerospaceanddefensecorporation that designs, develops and manufacturesaircraft engines,helicopterengines,spacecraft propulsionsystems as well as various other aerospace and military equipment. The company arose in 2005 through a merger betweenSNECMAand defense electronics specialistSAGEM.Safran's acquisition ofZodiac Aerospacein 2018 significantly expanded itsaeronauticalactivities.
Employing over 92,000 people and generating 23.2 billion euros in revenue in 2023, the company is listed on theEuronextstock exchange and is part of theCAC 40andEuro Stoxx 50.[4]Its headquarters are located inParis.
Name
[edit]The name Safran was chosen from 4,250 suggestions, including 1,750 proposed by employees.[5][6]As aholding companyfor many subsidiaries, the name was deemed suitable for the suggestion of direction, movement, and strategy. Safran translates asrudderblade and assaffron,which the company highlights as one of the catalysts for early international trade.[7]
History
[edit]Origins
[edit]In 1905 Louis Seguin created the companyGnome.[8]Production of the firstrotary enginefor airplanes, the Gnome Omega, started in 1909.[8]This company merged withLe Rhône,a company created in 1912 by Louis Verdet, to form theGnome et Rhôneengine company.[8]Gnome & Rhône wasnationalizedin 1945, creatingSnecma.[8]In 2000, this company gave its name to the “Snecma Group”, and carried out a number of acquisitions to form a larger group with an array of complementary businesses.[8]
Sagem(Société d’Applications Générales de l’Electricité et de la Mécanique) was created in 1925 by Marcel Môme.[8]In 1939, Sagem entered the telephone and transmissions market by taking control of Société anonyme des télécommunications (SAT). It acquired Société de Fabrication d’Instruments de Mesure (Sfim), a measurement instrument specialist, in 1999. However, by 2008 Sagem Mobile and Sagem Communications had been sold. Sagem Mobile becameSagem Wirelessin January 2009.[9]
Safran Group
[edit]The Safran Group was created on 11 May 2005 with the merger ofSnecmaandSagemSA.[8]
In June 2014, Arianespace CEOStéphane Israëlannounced that European efforts to remaincompetitivein response toSpaceX's recent success have begun in earnest. This included the creation of a newjoint venturecompany fromArianespace's two largestshareholders:the launch-vehicle producerAirbusand engine-producer Safran.[10]
By May 2015, Safran had created with Airbus Group a launcher joint venture calledAirbus Safran Launchers.[11] This entity developed theAriane 6launch vehiclefor its initial flights in July 2024.[12]
In January 2017, Safran initiated atakeoverof the aircraft interior supplierZodiac Aerospaceto create the third largest aerospace supplier with $22.5 billion revenue, behindUnited Technologieswith $28.2 billion andGE Aviationwith $24.7 billion; the new group will be 92,000-employee strong, with 48% of its business in aircraft systems and equipment, from landing gears to seats, 46% in propulsion and 6% in defense.[7]
In May 2017, Safran announced the completion of the sale of its identity and security activities toAdvent Internationalfor Euro 2.4 billion.[13]
In February 2018, Safran took control ofZodiac Aerospace,significantly expanding its aircraft equipment activities. Zodiac Aerospace has 32,500 employees and generated sales of 5.1 billion euros for its fiscal year ended 31 August 2017.[4]
On 4 June 2018Boeingand Safran announced their 50-50 partnership to design, build and serviceauxiliary power unitsafter regulatory andantitrustclearance in the second half of 2018.[4] This could threaten the dominance ofHoneywellandUnited Technologies.[14]
In July 2023, Safran agreed to acquireRaytheonsubsidiaryCollins Aerospace's actuation and flight controls business unit in an all-cash deal worth $1.8 billion[15][16]however the Italian government used its Golden Share in Microtecnica to veto the sale in the belief it would give Safran the commercial ability to sabotage Eurofighter components production, RTX is legally challenging the use of the veto.[17]
Group organisation
[edit]The Safran group is divided into three main branches:[18]
Aerospace propulsion
[edit]
The aerospace propulsion branch groups all operations concerning the propulsion of aeroplanes, helicopters, missiles, and launchers, for the civil aviation, military aviation, and space markets: design, production, marketing, testing, maintenance, repair, and overhaul (MRO).
- Safran Aircraft Engines(formerlySnecma Moteurs)
- Commercial & military engines, liquid propulsion for space launchers
- Safran Helicopter Engines
- Safran Aero Boosters
- Components for aircraft and rocket engines
- Safran Transmission Systems
- Power transmissions for aircraft engines
- ArianeGroup
- Solid rocket motors for launchers, strategic and tactical missiles
- Thermostructural composite materials
- PowerJet
- 50-50 joint venture with Russian-ownedUEC Saturnto makeSaM146engines
At the October 2018NBAAconvention, Safran presented its ENGINeUSelectric motorrange up to 500 kW (670 hp) designed forelectric aircraft,starting with a 45 kW (60 hp) one with integratedcontrol electronics,with anenergy efficiencyof over 94% and apower-to-weight ratioof 2.5 kW / kg at 2,500 rpm and 172 N⋅m (127 lb⋅ft) of torque, for a 18-kilogram (40 lb) weight with the controller, 12 kilograms (26 lb) without.[19] Flight-testing may happen in 2019 or 2020.[20]
Other subsidiaries
[edit]- Safran Test Cells, Inc.
- Smartec
- SMA Engines
- Snecma Services Brussels
- Snecma Suzhou
- Snecma Xinyi Airfoil Castings
Aircraft Equipment, Defense and Aerosystems
[edit]
The aircraft equipment branch groups all design, production, sales, and support operations for systems and equipment used by civil and military airplanes and helicopters.
- Safran Landing Systems
- Landing gear design, manufacture, and support
- Wheels and carbon brakes for mainline commercial jets
- Braking control and hydraulic systems
- Safran Nacelles
- Commercial airplane enginenacellesandthrust reversers
- Safran Electrical & Power
- Aircraft wiring and power distribution
- Safran Electronics & Defense
- Technologies and services inoptronics,avionics, electronics and safety-critical software
- Safran Aerosystems
- Equipment and systems in fluid management and security
- Safran Engineering Services
- Engineering and consulting company
Other subsidiaries
[edit]- SLCA
- Sofrance
- Technofan Inc.
- OEMServices[21]
- Sagem Avionics
- Vectronix
- IdentoGO
Aircraft Interiors
[edit]- Safran Cabin
- Cabin interiors
- Safran Seats
- Passenger and technical seats
- Safran Passenger Solutions
- Cabin equipment and solutions focused on passenger comfort
Corporate affairs
[edit]Shareholder profile
[edit]- As of 31 October 2020[22]
- Public:81.3%
- French state:11.2%
- Employees:7.4%
- Treasury shares:0.1%
See also
[edit]
- Musée aéronautique et spatial Safran- Museum managed by Safran containing French heritage aircraft engines
- List of aircraft engine manufacturers
References
[edit]- ^"Olivier Andriès prend les commandes de Safran".3 January 2021.Retrieved3 January2021.
- ^"Safran publishes its full year 2023 results".Safran.Retrieved15 February2024.
- ^"OEMServices - Shareholders".OEMServices.Retrieved28 September2021.
- ^abcd"Boeing, Safran Agree to Design, Build and Service Auxiliary Power Units" (Press release). June 4, 2018.SafranArchived2020-09-24 at theWayback Machine,Boeing
- ^"Sagem et Snecma donnent naissance à" Safran "".Les Echos(in French). 2005-03-21.Retrieved2019-08-27.
- ^"Snecma and Sagem Merge, Changing Name to Safran".www.defense-aerospace.com.Archived fromthe originalon 2019-01-01.Retrieved2019-08-27.
- ^abThierry Dubois and Jens Flottau (Jan 20, 2017)."Tier 1 Consolidation Continues As Safran Takes Over Zodiac".Aviation Week & Space Technology.
- ^abcdefg"Safran Timeline".Safran.Retrieved2020-02-24.
- ^Carré, Patrice A. (1993)."From the telegraph to the telex: a history of technology, early networks and issues in France in the 19th and 20th centuries".FLUX Cahiers scientifiques internationaux Réseaux et Territoires.9(11): 17–31.doi:10.3406/flux.1993.939.
- ^Abbugao, Martin (2014-06-18)."European satellite chief says industry faces challenges".Phys.org.Retrieved2014-06-19.
- ^ de Selding, Peter B. (2015-05-29)."Airbus Safran Agrees to $440 Million Ariane 6 Contribution".Space News.Retrieved12 June2015.
- ^ de Selding, Peter B. (2015-04-03)."Desire for Competitive Ariane 6 Nudges ESA Toward Compromise in Funding Dispute with Contractor".Space News.Retrieved8 April2015.
- ^"Completion of the sale of Safran's identity and security activities"(Press release). Safran. 31 May 2017. Archived fromthe originalon 25 February 2018.Retrieved15 March2018.
- ^Stephen Trimble (June 4, 2018)."Boeing and Safran partner to disrupt APU market".Flightglobal.
- ^White, Sarah (July 21, 2023)."Safran to buy Collins flight controls unit for $1.8bn".Financial Times.
- ^Turpin, Augustin; Hepher, Tim (July 21, 2023)."Safran agrees to buy Collins flight controls business".Reuters.
- ^"RTX threatens legal action against Italy over Microtecnica sale".12 January 2024.
- ^"Safran modifies the operational management of its equipment activities. New presentation of segment information at June 30, 2019".July 1, 2019. Archived fromthe originalon December 20, 2019.RetrievedDecember 20,2019.
- ^"Safran unveils an electric motor from its ENGINeUS range, designed for future hybrid and electric aircraft"(Press release). Safran. October 15, 2018. Archived fromthe originalon September 21, 2020.RetrievedOctober 18,2018.
- ^Max Kingsley Jones (17 Oct 2018)."NBAA: Safran shows off electric power technology".flightglobal.
- ^"OEMServices Shareholders".OEMServices.
- ^"Capital structure and voting rights".Safran.
External links
[edit]| Subsidiaries | |
|---|---|
| Museum | |
| People | |
| Related | |
| International | |
|---|---|
| Other | |
- CAC 40
- Safran Group
- Aerospace companies of France
- Manufacturing companies established in 2005
- Defence companies of France
- French companies established in 2005
- French brands
- Companies listed on Euronext Paris
- Multinational companies headquartered in France
- Companies in the Euro Stoxx 50
- Government-owned companies of France