SAFRAN Stock News

Airlines are getting grounded jets back into the air. The bills left by a years-long engine crisis are proving much harder to bring down.

MTU Aero Engines CEO Johannes Bussmann warned on Thursday that diverging French and German fighter aircraft ​requirements could threaten the company's engine partnership with ‌France's Safran after the collapse of the Future Combat Air System (FCAS) programme.

The aerospace-industry supplier raised its full-year guidance, citing stronger-than-expected demand for LEAP civil aircraft engines and spare parts.

French jet engine maker Safran joined its partner GE Aerospace in raising financial targets after posting stronger-than-expected first-half ​profits on Tuesday.

Electra said on Wednesday ‌it has signed a production agreement with France's Safran Helicopter Engines for turbogenerators, as the hybrid-electric aircraft startup looks to advance certification efforts.

European missile makers and defence groups ​launched a new consortium ‌on Tuesday to develop what they said would ​be the continent's ​first sovereign exo-atmospheric interceptor.

Thales said on Monday it had ​reached an agreement with Exail's leading shareholder, ‌the Gorgé family, to buy its stake in the French underwater drone technology company in a first step ​towards a full takeover.