Safran has announced a 150 million euro investment to acquire a 30,000-ton hydraulic press for its Gennevilliers site, with commissioning scheduled for 2029 and the creation of 130 jobs starting in 2026.
This project aims to support robust business growth, with production expected to nearly double by 2035. The equipment will notably support the production ramp-up of the LEAP engine (developed by CFM International), as well as military engines and high-power programs in partnership with GE Aerospace.
The press will produce up to 14,000 parts per year and will also enable the manufacturing of large-scale components for future civil engines. Equipped with connected technologies, it will optimize process monitoring and reduce the site's noise footprint.
This project is part of a broader strategy to secure the supply chain in France, particularly for critical military engine components.
The stock was down nearly 2.3% in Paris in early afternoon trading, within a CAC 40 index showing a 1% contraction.
Safran is a high technology international group, a leading equipment provider in the Aerospace and Defense markets. The group specializes in the design, manufacturing, and marketing of equipment and systems of high technology mechanical and electronic equipment. Net sales break down by product family as follows:
- aeronautic and space propulsion systems (50%): helicopter motors (No. 1 worldwide), civil and military airplanes motors, systems for space lancers and missiles, turboreactors for drone targets, etc.;
- aircraft equipment, defense systems and aerosystems (39.3%): airplane engine pods, landing gear, braking systems, electric wiring systems, etc. Safran also offers on board aircraft systems and equipment (primarily evacuation slides, emergency arresting systems, protective parachutes and oxygen systems, electrical power management systems, control systems, water and waste management systems and connectivity systems) and defense and security systems (helicopter flight controls, fingerprint-based biometric identification systems (No. 1 worldwide), inertial systems, optronic systems, tactical drone systems, etc.);
- aircraft interiors (10.7%): cabin interiors and seats.
Net sales are distributed geographically as follows: France (19%), Europe (23%), Americas (29%), Asia and Oceania (19%), Africa and Middle East (10%).
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