Previous Close | 211.50 |
Open | 0.00 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's Range | 0.00 - 0.00 |
52 Week Range | |
Volume | |
Avg. Volume | 95 |
Market Cap | 88.359B |
Beta (5Y Monthly) | 1.32 |
PE Ratio (TTM) | 54.09 |
EPS (TTM) | 3.91 |
Earnings Date | Oct 25, 2024 |
Forward Dividend & Yield | 2.20 (1.04%) |
Ex-Dividend Date | May 28, 2024 |
1y Target Est | N/A |
BRUSSELS (Reuters) -French jet engine maker Safran set out plans on Tuesday to invest more than 1 billion euros ($1.1 billion) and hire 4,000 people worldwide to "radically scale up" its maintenance network as the aviation industry tackles congested repair shops. The plan follows strong demand for LEAP jet engines that Safran co-produces for Airbus and Boeing with GE Aerospace and is expected to boost Safran's share of the aftermarket, where engine makers make much of their income.
The aerospace-industry supplier raised its recurring operating income guidance after revenue rose in the third quarter, driven by after-market services and demand for aircraft equipment and interiors.