What Happened
French Aerospace Giant Sees Revenue And Profit Growth
Safran’s latest earnings report highlights the company’s strong civil aerospace momentum, with revenue and profit increasing year-over-year. The growth is driven by increased civil aircraft engine deliveries and spare parts demand, with margins benefiting from the ramp-up of newer-generation engines. According to the company’s financial information, civil aerospace activities generated a larger share of revenue than in the previous year. This development was reported by Unknown Source.