Despite banner ’05, jury still out on Safran | Aviation International News

Despite banner ’05, jury still out on Safran

Safran (Hall 4 Stand B12), the offspring of last year’s somewhat surprising merger of French engine giant Snecma and communications group Sagem, claims to

November 14, 2006

Safran (Hall 4 Stand B12), the offspring of last year’s somewhat surprising merger of French engine giant Snecma and communications group Sagem, claims to have found its feet quickly and to be having a boom year. Sales in 2005 showed increases for all business areas of the new group, except communications. But the financial markets appear to be reserving judgment on whether the merger will have a deep-seated industrial logic, and there have been suggestions that the uncompetitive communications firm is dragging down the successful aerospace business.

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