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Safran Raises 2026 Outlook on Strong LEAP Deliveries

July 28, 2026

2 min read

Key Takeaways

Safran raises 2026 outlook after record profitability in H1.
LEAP engine deliveries surge 41% to 1,030 units.
Civil engine spare parts revenue increases 27.9%.
Defense deliveries and revenue also grow.

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Strategic Implications

Safran's strong performance may indicate a recovery in the commercial aerospace sector, driven by increasing demand for civil engine spare parts and higher defense deliveries. The company's upgraded outlook suggests confidence in sustained growth, which could benefit its joint ventures and partnerships, such as CFM International.

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What Happened

French Aerospace Group Sees Record Profitability and Surging Engine Demand

Safran has raised its full-year financial outlook after reporting record profitability in the first half of 2026, driven by accelerating LEAP engine production and strong demand for civil engine spare parts. The French aerospace group generated adjusted revenue of €17.57 billion and adjusted recurring operating income of €3.24 billion, with free cash flow reaching €2.62 billion. According to AeroTime, Safran’s strong performance was also driven by higher defense deliveries and revenue growth in its Equipment & Defense division.

Source | Originally Published: July 28, 2026

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