Safran Shareholders Pave Way To Zodiac Acquisition | Aviation International News

Safran Shareholders Pave Way To Zodiac Acquisition

Safran has its work cut out to turn Zodiac around but new CEO has been charged with the task, as acquisition is approved.

Safran unveiled its new-generation airborne optronic system here Monday, describing it as “a major advance.” The Euroflir 410 is designed for all types of air vehicles, including special mission aircraft, helicopters, airships and UAVs.
Very high resolution cameras provide coverage at longer distances than previous-generation systems. Because they cover multispectral bands, they can still provide imagery in dusty, foggy or smoky conditions. Safran said that the Euroflir 410 also introduces major innovations to facilitate situational awareness by its operators, with a focus on intuitive ergonomics.
The new sensor has standard interfaces to enable integration with any mission system. An optional laser designator guides precision air-ground munitions.
The Euroflir 410, inset below, can be seen in the static park, mounted beneath Safran’s Patroller UAV. This is the drone that will soon enter service with the French army. — Safran unveiled its new-generation airborne optronic system here Monday, describing it as “a major advance.” The Euroflir 410 is designed for all types of air vehicles, including special mission aircraft, helicopters, airships and UAVs. Very high resolution cameras provide coverage at longer distances than previous-generation systems. Because they cover multispectral bands, they can still provide imagery in dusty, foggy or smoky conditions. Safran said that the Euroflir 410 also introduces major innovations to facilitate situational awareness by its operators, with a focus on intuitive ergonomics. The new sensor has standard interfaces to enable integration with any mission system. An optional laser designator guides precision air-ground munitions. The Euroflir 410, inset below, can be seen in the static park, mounted beneath Safran’s Patroller UAV. This is the drone that will soon enter service with the French army.

By Guillaume Lecompte-Boinet

June 19, 2017

During a general assembly held June 16 in Paris, 90.5 percent of Safran shareholders approved the acquisition of French aerospace supplier Zodiac Aerospace (Chalet 214). The approval came despite opposition from UK-based investment fund The Children’s Investment (TCI), which holds 5 percent of Safran shares. The initiative was first announced January 19 but encountered difficulties after several profit warnings issued by Zodiac. Other issues included a complicated purchase process and a price many considered too high at €29.50 ($33) per share for a total of €9.7 billion ($10.86 billion). The new offer is simpler and values Zodiac at 15 percent less—€25 ($28) per share, or €8.2 billion ($9.2 billion).

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