Safran
 |
|
| Société Anonyme | |
| Traded as | Euronext: SAF |
| Industry |
Aerospace Defense |
| Founded | 2005 |
| Headquarters | Paris, France |
|
Key people
|
Philippe Petitcolin (CEO) Ross McInnes (Chairman) |
| Products | Aircraft engines and equipment, defence electronics, biometric technologies, smart cards, identity management |
| Revenue | €17.414 billion (2015) |
| €2.432 billion (2015) | |
| Profit | €1.482 billion (2015) |
| Total assets | €18.51 billion (end 2010) |
| Total equity | €24.7 billion (March 2016) |
|
Number of employees
|
70,000 (2015) |
| Website | www |
Safran S.A. is a French multinational aircraft engine, rocket engine, aerospace-component, defense, and security company. It was formed by a merger between the aircraft and rocket engine manufacturer and aerospace component manufacturer group SNECMA and the security company SAGEM in 2005. Its headquarters are located in Paris. The company is a component of the Euro Stoxx 50 .
The name Safran was chosen from 4,250 suggestions. As a holding company for many subsidiaries the name was deemed suitable for the suggestion of direction, movement, and strategy. Safran translates as rudder blade and as saffron, which the company highlights as one of the catalysts for early international trade.
In 1905 Louis Seguin created the company Gnome. Production of the first rotary engine for airplanes, the Gnome Omega, started in 1909. This company merged with the Le Rhône, a company created in 1912 by Louis Verdet, to form the Gnome et Rhône engine company. Gnome & Rhône was nationalized in 1945, creating Snecma. In 2000, this company gave its name to the “Snecma Group”, and carried out a number of acquisitions to form a larger group with an array of complementary businesses.
Sagem (Société d’Applications Générales de l’Electricité et de la Mécanique) was created in 1924 by Marcel Môme. In 1939, Sagem entered the telephone and transmissions market by taking control of Société anonyme des télécommunications (SAT). It acquired Société de Fabrication d’Instruments de Mesure (Sfim), a measurement instrument specialist, in 1999. However, by 2008 Sagem Mobile and Sagem Communications had been sold. Sagem Mobile became Sagem Wireless in January 2009.
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