Safran (OTCMKTS:SAFRF) is a France-based aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its business spans aircraft propulsion, aerospace equipment, defense systems and aircraft interiors, serving aircraft manufacturers, airlines, armed forces and other aviation customers worldwide.
Safran is a major producer of aircraft engines through CFM International, its 50-50 joint venture with GE Aerospace. CFM develops and supports the CFM56 and LEAP engine families, which power a large number of commercial narrow-body aircraft. Safran Helicopter Engines supplies engines for civil and military helicopters, while the company also produces landing gear, wheels and carbon brakes, nacelles, electrical systems, avionics, flight controls and other aircraft equipment.
Through its aircraft-interiors activities, Safran supplies passenger seats, cabin systems, galleys, lavatories and related products for commercial and business aircraft. The company also provides defense and space systems, including navigation, optronics, inertial systems and propulsion-related technologies. Safran serves customers across Europe, North America, Asia and other international markets through a global industrial and service network.
Safran was created in 2005 through the merger of Snecma and Sagem. The group is headquartered in Paris, France, and is led by Chief Executive Officer Olivier Andriès.
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