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Safran raises profit target after 9-month sales grow 17%

UPDATE 3-Safran raises profit target after 9-month sales grow 17% Nine-month revenues grew 17.4% Sees full-year revenues at 27.1 billion euros Targets core 2024 profit of 4.1 billion euros Supply bottlenecks, Boeing strike affect LEAP engine deliveries Adds quotes on Boeing strike, paragraph 11 By Tim Hepher PARIS, Oct 25 (Reuters) - French jet engine maker Safran SAF.PA raised its profit forecast for the year even as supply bottlenecks forced it to lower its revenue predictions on Friday, buoye
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Safran makes mixed changes to forecasts after jet engine delays

Safran makes mixed changes to forecasts after jet engine delays PARIS, Oct 25 (Reuters) - French jet engine maker Safran SAF.PA trimmed its revenue forecast for the year but nudged its profit goal higher after supply bottlenecks delayed deliveries of LEAP engines. The French company, which co-produces the engines with GE Aerospace GE.N through their CFM joint venture, said nine-month revenues grew 17.4% to 19.686 billion euros led by Equipment and Defence activities and Aircraft Interiors.
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Safran Cuts 2024 Revenue Outlook To Around EUR 27.1 Billion

BRIEF-Safran Cuts 2024 Revenue Outlook To Around EUR 27.1 Billion Oct 25 (Reuters) - Safran SA SAF.PA : CUTS 2024 REVENUE OUTLOOK TO AROUND EUR 27.1 BILLION (PREV.: EUR 27.4 BILLION) UPS 2024 RECURRING OPERATING INCOME OUTLOOK TO AROUND EUR 4.1 BILLION (PREV.: CLOSE TO EUR 4.0 BILLION) OUTLOOK 2024: FCF AROUND EUR 3.0 BILLION POTENTIAL NEW TAX MEAS
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GE Aerospace's struggle with supply constraints hits jet engine deliveries

UPDATE 4-GE Aerospace's struggle with supply constraints hits jet engine deliveries Recasts with revenue challenges and supply-chain impact, adds CEO and analyst comments, company background, updates share price, paragraphs 1-5, 7-11 and 20 LEAP engine deliveries estimated to decline 10% y/y this year Company lifts 2024 profit outlook yet again Shares fall 8% on supply-constraint concerns By Rajesh Kumar Singh, Shivansh Tiwary Oct 22 (Reuters) - GE Aerospace GE.N said on Tuesday it was still wre
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GE Aerospace raises 2024 profit forecast on strong demand for aftermarket services

GE Aerospace raises 2024 profit forecast on strong demand for aftermarket services Oct 22 (Reuters) - GE Aerospace GE.N raised its full-year profit forecast for the third time this year on Tuesday, driven by strong demand for aftermarket services from airlines that are relying on older planes to make up for the shortage of newer aircraft. Production issues at Boeing BA.N and Airbus AIR.PA have led to slower delivery of newer planes, troubling the airline industry, which is seeing unprecedented d
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Italy's Vega-C rocket to return to space on Dec. 3, Avio CEO says

UPDATE 1-Italy's Vega-C rocket to return to space on Dec. 3, Avio CEO says Adds details, quotes from Avio CEO, details on Vega-E and background on launchers By Giulia Segreti MILAN, Oct 14 (Reuters) - Italy's Vega-C rocket will return to space on Dec. 3, almost two years after it failed a mission in 2022, the CEO of its manufacturer Avio AVI.MI said on Monday.
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Aviation industry urges steps to prevent unapproved parts from airplane use

UPDATE 1-Aviation industry urges steps to prevent unapproved parts from airplane use Adds more from report, prior arrest, comment from co-chair in paragraphs 3-8 By David Shepardson WASHINGTON, Oct 9 (Reuters) - A report issued by an aviation industry coalition on Wednesday called for new steps to help prevent future unapproved parts from entering the aviation supply chain.
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Aviation industry urges steps to prevent unapproved parts from airplane use

Aviation industry urges steps to prevent unapproved parts from airplane use WASHINGTON, Oct 9 (Reuters) - A report issued by an aviation industry coalition on Wednesday called for new steps to help prevent future unapproved parts from entering the aviation supply chain. The report from the Aviation Supply Chain Integrity Coalition that was created in February called for strengthening vendor accreditation, digitizing documents and improving part traceability.
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Finland to buy inertial tracking devices for $53 mln from Safran

UPDATE 1-Finland to buy inertial tracking devices for $53 mln from Safran Adds defence minister quote in paragraph two, detail on the devices in paragraph three HELSINKI, Oct 9 (Reuters) - Finland will buy inertial tracking devices from France's Safran Electronics & Defence SAF.PA for 48 million euros ($52.65 million), the Finnish defence ministry said in a statement on Wednesday.
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Finnish defence forces to buy inertial tracking devices for 48 mln eur

Finnish defence forces to buy inertial tracking devices for 48 mln eur HELSINKI, Oct 9 (Reuters) - Finland will buy inertial tracking devices from France's Safran Electronics & Defence SAF.PA for 48 million euros ($52.65 million), the Finnish defence ministry said in a statement on Wednesday. ($1 = 0.9117 euros) Reporting by Essi Lehto, editing by
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 8 (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. AIR FRANCE KLM AIRF.PA Air France will extend the suspension of its flights from Paris to Tel Aviv until Oct. 15, while those connecting the French capital with Beirut will not be operated until Oct.
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CFM Says VietJet Air Reaffirms Order Of More Than 400 1B Engines

BRIEF-CFM Says VietJet Air Reaffirms Order Of More Than 400 LEAP-1B Engines Oct 7 (Reuters) - CFM: VIETJET AIR HAS REAFFIRMED ORDER OF MORE THAN 400 LEAP-1B ENGINES TO POWER BOEING 737 MAX AIRCRAFT AND ADDITIONAL SPARE ENGINES Source text: https://tinyurl.com/yf7emu85 Further company coverage: SAF.PA , GE.N , VJC.HM (Gdansk Newsroom)
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Big Technologies, Safran, Volution Group

EUROPE RESEARCH ROUNDUP-Big Technologies, Safran, Volution Group Sept 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Big Technologies, Safran and Volution Group on Friday. HIGHLIGHTS * 3I Group III.L : Citigroup raises target price to 4140p from 3850p * Big Technologies Plc BIGB.L : Peel Hunt raises to add from hold * Safran SAF.PA : Jefferies raises target price to EUR 220 from EUR 205 * Solar Foods Oyj SFOODS.HE : Inderes rai
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Slow Airbus deliveries raise fresh questions over annual target

UPDATE 1-Slow Airbus deliveries raise fresh questions over annual target Airbus Sept deliveries seen well below same month last year Cirium Ascend analyst casts doubt on annual delivery target Flat production heightens focus on saving cash, sources say Airbus lowered target in July, aims for 'around 770' deliveries Adds comments on engines, paragraphs 12-14 By Tim Hepher PARIS, Sept 26 (Reuters) - Airbus AIR.PA deliveries are closing September at a slower pace than a year ago, raising increased
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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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