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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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