Safran

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Safran S.A.
TypeSociété Anonyme
EuronextSAF
CAC 40 Component
IndustryAerospace
Defense
PredecessorSnecma, Sagem
Founded2005; 16 years ago (2005)
Headquarters,
Key people
Olivier Andriès (CEO)
Ross McInnes (Chairman)[1]
ProductsAircraft engines, equipment, and interiors, defence electronics, avionics, navigation system, communications systems, satellites
RevenueIncrease 24.64 billion (2019)
Increase €3.82 billion (2019)
Increase €2.44 billion (2019)
Total assetsIncrease €40.62 billion (end 2018)[2]
Total equityIncrease €12.30 billion (End 2018)
Number of employees
81,000 (09/30/2020)[3]
SubsidiariesSafran 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 %)
Websitewww.safran-group.com

Safran S.A. is a French multinational aircraft engine, rocket engine, aerospace-component and defense company. It was formed by a merger between the aircraft and rocket engine manufacturer and aerospace component manufacturer group SNECMA and the security company SAGEM in 2005. In 2018 Safran took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities. Its headquarters are located in Paris. Employing over 95,000 people and generating 24.64 billion euros in sales in 2019, Safran operates in the aircraft propulsion and equipment, space and defense markets. The company is listed on the Euronext stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.[4]

Name[edit]

The name Safran was chosen from 4,250 suggestions, including 1,750 proposed by employees.[5][6] As a holding company for many subsidiaries, the name was deemed suitable for the suggestion of direction, movement, and strategy. Safran translates as rudder blade and as saffron, which the company highlights as one of the catalysts for early international trade.[7]

History[edit]

Origins[edit]

In 1905 Louis Seguin created the company Gnome.[8] Production of the first rotary engine for airplanes, the Gnome Omega, started in 1909.[8] This company merged with the Le Rhône, a company created in 1912 by Louis Verdet, to form the Gnome et Rhône engine company.[8] Gnome & Rhône was nationalized in 1945, creating Snecma.[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).[citation needed] It acquired Société de Fabrication d’Instruments de Mesure (Sfim), a measurement instrument specialist, in 1999.[citation needed] However, by 2008 Sagem Mobile and Sagem Communications had been sold.[citation needed] Sagem Mobile became Sagem Wireless in January 2009.[citation needed]

Safran Group[edit]

The Safran Group was created on May 11, 2005, with the merger of Snecma and Sagem SA.[8]

In June 2014, Arianespace CEO Stephane Israel announced that European efforts to remain competitive in response to SpaceX's recent success have begun in earnest. This included the creation of a new joint venture company from Arianespace's two largest shareholders: the launch-vehicle producer Airbus and engine-producer Safran.[9]

By May 2015, Safran had created with Airbus Group a launcher joint venture called Airbus Safran Launchers.[10] This entity is currently developing the Ariane 6 launch vehicle for initial flights in the 2020s.[11]

In January 2017, Safran initiated a takeover of the aircraft interior supplier Zodiac Aerospace to create the third largest aerospace supplier with $22.5 billion revenue, behind United Technologies with $28.2 billion and GE Aviation with $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 to Advent International for Euro 2.4 billion.[12]

In February 2018, Safran took control of Zodiac 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 August 31, 2017.[4]

On June 4, 2018, Boeing and Safran announced their 50-50 partnership to design, build and service Auxiliary Power Units after regulatory and antitrust clearance in the second half of 2018.[4] This could threaten the dominance of Honeywell and United Technologies.[13]

Group organization[edit]

The Safran group is divided into three main branches:[14]

Aerospace Propulsion[edit]

The CFM56, the most widespread turbofan, is produced by a 50-50 joint venture with GE

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).

At the October 2018 NBAA convention, Safran presented its ENGINeUS electric motor range up to 500 kW (670 hp) designed for electric aircraft, starting with a 45 kW (60 hp) one with integrated control electronics, with an energy efficiency of over 94% and a power-to-weight ratio of 2.5 kW / kg at 2,500rpm and 172 N⋅m (127 lbf⋅ft) of torque, for a 18 kg (40 lb) weight with the controller, 12 kg (26 lb) without.[15] Flight-testing may happen in 2019 or 2020.[16]

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.

Boeing 777X carbon brakes made by Safran Landing Systems

Other subsidiaries[edit]

  • Globe Motors
  • SLCA
  • Sofrance
  • Technofan Inc.
  • OEMServices[17]
  • Sagem Avionics
  • Vectronix
  • IdentoGO

Aircraft Interiors[edit]

Corporate affairs[edit]

Shareholder profile[edit]

As of 31 October 2020 [18]

See also[edit]

References[edit]

  1. ^ "Olivier Andriès prend les commandes de Safran". Retrieved 3 January 2021.
  2. ^ "Safran : Very strong 2018 performance - Further growth and profitability improvement in 2019". Safran. Retrieved 27 February 2019.
  3. ^ "Safran at a glance". Safran. Retrieved 30 October 2020.
  4. ^ a b c d "Boeing, Safran Agree to Design, Build and Service Auxiliary Power Units" (Press release). June 4, 2018. Safran, Boeing
  5. ^ "Sagem et Snecma donnent naissance à " Safran "". Les Echos (in French). 2005-03-21. Retrieved 2019-08-27.
  6. ^ "Snecma and Sagem Merge, Changing Name to Safran". www.defense-aerospace.com. Retrieved 2019-08-27.
  7. ^ a b Thierry Dubois and Jens Flottau (Jan 20, 2017). "Tier 1 Consolidation Continues As Safran Takes Over Zodiac". Aviation Week & Space Technology.
  8. ^ a b c d e f g "Safran Timeline". Safran. Retrieved 2020-02-24.
  9. ^ Abbugao, Martin (2014-06-18). "European satellite chief says industry faces challenges". Phys.org. Retrieved 2014-06-19.
  10. ^ de Selding, Peter B. (2015-05-29). "Airbus Safran Agrees to $440 Million Ariane 6 Contribution". Space News. Retrieved 12 June 2015.
  11. ^ de Selding, Peter B. (2015-04-03). "Desire for Competitive Ariane 6 Nudges ESA Toward Compromise in Funding Dispute with Contractor". Space News. Retrieved 8 April 2015.
  12. ^ "Completion of the sale of Safran's identity and security activities" (Press release). Safran. 31 May 2017.
  13. ^ Stephen Trimble (June 4, 2018). "Boeing and Safran partner to disrupt APU market". Flightglobal.
  14. ^ "Safran modifies the operational management of its equipment activities. New presentation of segment information at June 30, 2019 ". July 1, 2019.
  15. ^ "Safran unveils an electric motor from its ENGINeUS range, designed for future hybrid and electric aircraft" (Press release). Safran. October 15, 2018.
  16. ^ Max Kingsley Jones (17 Oct 2018). "NBAA: Safran shows off electric power technology". flightglobal.
  17. ^ "OEMServices Shareholders". OEMServices.
  18. ^ "Capital structure and voting rights". Safran.

External links[edit]