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Industry

Safran defence revenue up 11.1% in Q3

27 October 2017

Financial results for its third quarter showed that French defence and aerospace manufacturer Safran achieved year-on-year organic revenue growth of 11.3%, taking its total to EUR3.815 million (USD4.425 million) for the period.

The company’s Defence reporting segment, while remaining its smallest main business by revenue, achieved sales of EUR281 million, equating to growth of 11.1% year-on- year. Safran’s Propulsion segment, which produces engines for the Dassault Aviation Rafale and Mirage 2000 combat aircraft and the Airbus A400M military transport aircraft, generated an even larger 12% growth, taking its sales to EUR2.303 million in the quarter.

Safran CEO Philippe Petitcolin said, “As expected, all of our businesses are up and our top line grew over 11% on an organic basis in Q3.

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