Safran SA (SEJ1.DU)
- Reuters
Striking Canadian Safran workers make new offer to avert lengthy walkout, union says
Striking Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets have made a counter offer that could avert a longer dispute, a union official told Reuters on Friday. Workers who produce forgings for the landing gear used in aircraft like Airbus's A320 family and A350 jets, along with Boeing's 787, began a seven-day strike on Tuesday and are ready to walk off the job indefinitely if they don't reach a deal, union local president Michael Durand said.
- Barrons.com
Boeing and Airbus Problems Persist. Why That Makes These 2 Stocks a Buy.
The two companies dominate aircraft manufacturing and their recent production issues provide opportunities for others. Here are two stocks in the sector that can gain.
- Reuters
UPDATE 1-Safran posts higher Q1 revenue, keeps financial targets
French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX family of jets and competes with Pratt & Whitney on the Airbus A320neo series.
