French giant Safran group has begun exclusive negotiations for a friendly takeover of Zodiac Aerospace. The move was announced at a press conference on Thursday in Paris to explain the €9.7 bn merger that will create the world’s second largest supplier of aircraft equipment. Read our news article.
Safran is selling its Identity and Security, ex-Morpho, to the American fund Advent International, who own Oberthur Technologies. The transaction will be finalised in 2017. But why would they do this considering that the security sector is in full bloom? Read the article.
At the Farnborough Airshow this week, the European research programme, Clean Sky, presented the status of several of its key projects. Amongst them are the Open Rotor, the laminar wings and the hybrid propulsion engine.
In order to become more legible and visible in their various markets the ten companies in the Safran Group officially changed their names on 19 May. Snecma, for example becomes Safran Aircraft Engines.
In 2015, the Safran Group recruited 7,700 people. The aerospace and aircraft equipment manufacturer and supplier now has more than 70,000 employees worldwide and also posted excellent financial results.
After two years’ competition, it is ultimately the Sagem tactical UAV Patroller, which will enter service with the French Army from 2018. Thales was vying with their Watchkeeper, and thus loses out on a contract of 300 million euros.
Braking is one of the vital functions of an aircraft. In an emergency it should be possible to stop an aircraft of several hundred tons in the shortest minimum time and distance. Watch the video and read the article.
With their test platform, Labinal Power Systems’ "Copper Bird", enables aircraft and helicopter manufacturers to test new electrical systems. These concepts will perhaps one day be installed on their future aircraft.
Since the start of construction a year ago, the Safran’s future Toulouse site (south west France) is well advanced. In less than six months, 1,400 employees will move into their new 269,000 square feet (25,000 m2) offices.