Safran S.A. is a French multinational aerospace , defence and security corporation headquartered in Paris . It designs, develops and manufactures both commercial and military aircraft engines ; launch vehicle , spacecraft and missile propulsion systems; as well as various other aerospace and military equipment and devices. The company was founded in 2005 through a merger between SNECMA and SAGEM . Safran's subsequent acquisition of Zodiac Aerospace in 2018 significantly expanded its aeronautical activities.
44-565: Employing over 92,000 people and generating 23.2 billion euros in revenue in 2023, the company is listed on the Euronext stock exchange and is part of the CAC 40 and Euro Stoxx 50 . The name Safran was chosen from 4,250 suggestions, including 1,750 proposed by employees. 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
88-614: A consolidated tape for the European Union , as part of the Capital Markets Union proposed by the European Commission . Listing of Euro Stoxx 50 companies as of 2021: Euronext operates its main regulated market, as well two types of multilateral trading facilities (MTFs) providing access to listing for small and medium-sized enterprises (SMEs), titled Euronext Growth and Euronext Access . Euronext maintains
132-500: A power-to-weight ratio of 2.5 kW / kg at 2,500 rpm and 172 N⋅m (127 lb⋅ft) of torque, for a 18-kilogram (40 lb) weight with the controller, 12 kilograms (26 lb) without. Flight-testing may happen in 2019 or 2020. The aircraft equipment branch groups all design, production, sales, and support operations for systems and equipment used by civil and military airplanes and helicopters. Euronext Euronext N.V. (short for European New Exchange Technology )
176-430: A takeover of the aircraft interior supplier Zodiac Aerospace to create the third largest aerospace supplier with $ 22.5 billion revenue, behind United Technologies with $ 28.2 billion and GE Aviation with $ 24.7 billion; the new group will be 92,000-employee strong, with 48% of its business in aircraft systems and equipment, from landing gears to seats, 46% in propulsion and 6% in defense. In May 2017, Safran announced
220-462: A combination of $ 11.27 in cash per share plus .1703 shares of stock. The acquisition is subject to regulator approval, though since the operations of ICE and NYSE have little in common—ICE is largely devoted to trading commodities, as opposed to NYSE's business of trading stocks and securities—the deal is not expected to be blocked. ICE said that after the deal closed it would sell the Euronext portion of
264-574: A consortium of eleven investors decided to invest in the company as "reference shareholders". These investors owned 33.36% of Euronext's capital and have a 3 years lockup period: Euroclear , BNP Paribas , BNP Paribas Fortis , Société Générale , Caisse des Dépôts , BPI France , ABN Amro , ASR, Banco Espirito Santo , Banco BPI and Belgian holding public company Belgian Federal Holding and Investment Company [ fr ] (SFPI/FPIM). They have 3 board seats. In June 2014, EnterNext launched two initiatives to boost SME equity research and support
308-544: A listed company itself after completing its initial public offering. In December 2001, Euronext acquired the shares of the London International Financial Futures and Options Exchange (LIFFE), forming Euronext.LIFFE. In 2002, the group merged with the Portuguese stock exchange Bolsa de Valores de Lisboa e Porto (BVLP), renamed Euronext Lisbon . In 2003, Euronext cash products were integrated onto
352-494: 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. The Safran Group was created on 11 May 2005 with the merger of Snecma and Sagem SA. In June 2014, Arianespace CEO Stéphane Israël announced that European efforts to remain competitive in response to SpaceX 's recent success have begun in earnest. This included
396-582: A number of companies, including Company Webcast (webcasting) , iBabs (board portal), InsiderLog (compliance software) . In 1998, the London Stock Exchange and Deutsche Börse announced their intention of forming an alliance to fend off competition from the United States, and take advantage from the European Union's (EU) single currency and harmonisation of financial markets . In April 1999
440-542: A plan for Euronext to compete more effectively on the Dutch retail segment. In May 2017, Alternext was renamed to Euronext Growth. On 14 August 2017, Euronext announced the completion of its acquisition of FastMatch, a currency trading platform. On 27 March 2018, Euronext announced the completion of its acquisition of the Irish Stock Exchange. On 18 June 2019, Euronext announced the completion of its acquisition of
484-512: A privatized ATC system). "Critics say that, given where the members are drawn from, the board would end up controlled by airline-related interests. They worry that the focus would accordingly be on the major airline corridors, with rural airports and users becoming second-class (or maybe third- or fourth-class) citizens." Ultimately, the FAA reauthorization was passed without including any ATC privatization measures. The organization supported tax rules in
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#1732845461144528-631: A rival offer for the European Stock exchange operator from Deutsche Börse , the German stock market. Contrary to statements that it would not raise its bid, on 23 May 2006, Deutsche Börse unveiled a merger bid for Euronext, valuing the pan-European exchange at €8.6 billion (US$ 11b), €600 million over NYSE Group's initial bid. Despite this, NYSE Group and Euronext penned a merger agreement, subject to shareholder vote and regulatory approval. The initial regulatory response by SEC chief Christopher Cox (who
572-448: A single order book at its proprietary market platform Optiq . Euronext manages various country (national), as well as pan-European regional and sector and strategy indices. Euronext FX is a global foreign exchange trading platform, known as FastMatch until 2019. Euronext offers trading in a number of commodities, including: Euronext operates derivatives markets. Euronext is the largest centre for debt and funds listings in
616-591: A single platform (NSC). In 2004, Euronext derivatives products were integrated onto LIFFE CONNECT . In 2005, Euronext introduced Alternext as a market segment to help finance small and mid-class companies in the Eurozone. Due to apparent moves by NASDAQ to acquire the London Stock Exchange or Euronext itself, NYSE Group, owner of the New York Stock Exchange (NYSE), offered €8 billion (US$ 10.2b) in cash and shares for Euronext on 22 May 2006, outbidding
660-448: A strategy most suited to support their growth. The ICE's deal was approved by the shareholders of NYSE Euronext and Intercontinental Exchange on 3 June 2013. The European Commission approved the acquisition on 24 June 2013 and on 15 August 2013 the US regulator, SEC, granted approval of the acquisition. European regulators and ministries of Finance of the participating countries approved
704-552: Is registered in Amsterdam but its operational headquarters are located in Paris . It operates major stock exchanges in seven countries: France ( Euronext Paris ), the Netherlands ( Euronext Amsterdam ), Belgium ( Euronext Brussels ), Ireland ( Euronext Dublin ), Portugal ( Euronext Lisbon ), Italy ( Borsa Italiana ) and Norway ( Euronext Oslo Børs ). Euronext traces its origins back to
748-399: Is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities , exchange-traded funds (ETF), warrants and certificates, bonds , derivatives , commodities , foreign exchange as well as indices . In December 2021, it had nearly 2,000 listed issuers worth €6.9 trillion in market capitalisation. Euronext
792-467: Is legally challenging the use of the veto. In September 2024, Safran acquired Preligens, a company that specialises in artificial intelligence for aerospace and defense, for $ 243.3 million and announced it would become a part of the Safran Electronics & Defense business area. The Safran group is divided into three main branches: The aerospace propulsion branch groups all operations concerning
836-719: Is the largest center for debt and funds listings in the world, and provides technology and managed services to third parties. In addition to its main regulated market, it operates Euronext Growth and Euronext Access , providing access to listing for small and medium-sized enterprises . Euronext's commodity market includes the electric power exchange Nord Pool , as well as Fish Pool . Post-trade services include clearing performed by Euronext's multi-asset clearing house , Euronext Clearing , headquartered in Rome , as well as custody and settlement performed by Euronext's central securities depository (CSD), Euronext Securities . Euronext
880-466: The Italian Bourse in 2021, Euronext obtained the multi-asset clearing house Cassa di Compensazione e Garanzia S.p.A. (CC&G). CC&G was renamed Euronext Clearing . Euronext Corporate Services (ECS) is a wholly-owned subsidiary of Euronext. Founded in 2016, ECS provides solutions and services to more than 4,000 organisations, ranging from corporates to the public sector. It has acquired
924-553: The London Stock Exchange Group (LSEG) entered into exclusive talks to sell the Italian Bourse (formally 100% of London Stock Exchange Group Holdings Italia S.p.A. ), situated in Milan , to Euronext. As part of the deal, CDP Equity, 100% owned by Cassa Depositi e Prestiti , and Intesa Sanpaolo would become Euronext reference shareholders. A €4.3 bn deal was announced on 9 October. On 29 April 2021, Euronext announced that
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#1732845461144968-692: The Oslo Stock Exchange . On 5 December 2019, Euronext announced that it would acquire 66% of the European power exchange Nord Pool . The acquisition was completed on 15 January 2020. On 23 April 2020, Euronext announced that it would acquire ca. 70% of the Danish Central Securities Depository, VP Securities . The acquisition was completed on 4 August 2020. On 18 September 2020, as part of regulatory remedies to see through its $ 27 billion purchase of data provider Refinitiv ,
1012-509: The Netherlands, Belgium, Portugal, Ireland, and Norway. Its creation was followed by the introduction of the single currency and harmonisation of financial markets. The present day Euronext was spun off from the Intercontinental Exchange (ICE) in 2014, shortly after ICE's acquisition of NYSE Euronext the year before. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide
1056-610: The acquisition was completed. National Business Aviation Association The National Business Aviation Association ( NBAA ) is a professional association and lobbying group for private business aviation. NBAA is set up as a 501(c)(6) non-profit entity. NBAA organizes conferences and seminars. Edward M. Bolen has been the president and CEO of NBAA since September 7, 2004. The organization's Board of Directors includes Chairman Lloyd Newton of L3 Technologies, Inc. and Vice Chair/Treasurer Elizabeth Dornak of DuPont Aviation. NBAA's public policy initiatives in 2018 centered on
1100-548: 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 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
1144-539: The company, including stock exchanges in Amsterdam, Brussels, Lisbon and Paris. The deal went through and Euronext is a sister division to NYSE and part of ICE. ICE CEO Jeffrey Sprecher would continue in that position at the combined company, while NYSE CEO Duncan Niederauer would serve as president. The future of the New York Stock Exchange's historic trading floor under ICE has not been announced. ICE closed
1188-527: The completion of the sale of its identity and security activities to Advent International for Euro 2.4 billion. In February 2018, Safran took control of Zodiac Aerospace , significantly expanding its aircraft equipment activities. Zodiac Aerospace has 32,500 employees and generated sales of 5.1 billion euros for its fiscal year ended 31 August 2017. On 4 June 2018 Boeing and Safran announced their 50-50 partnership to design, build and service auxiliary power units after regulatory and antitrust clearance in
1232-649: The creation of Euronext London to offer listing facilities in the UK. As such, Euronext received in June 2014 Recognized Investment Exchange (RIE) status from Britain's Financial Conduct Authority. On 20 December 2012, the boards of directors of both Intercontinental Exchange (ICE) and the NYSE Euronext approved an $ 8 billion acquisition of NYSE Euronext. Under the terms shareholders of NYSE would receive either $ 33.12 in cash for each share or .2581 IntercontinentalExchange Inc. shares, or
1276-494: The creation of a new joint venture company from Arianespace 's two largest shareholders : the launch-vehicle producer Airbus and engine-producer Safran. By May 2015, Safran had created with Airbus Group a launcher joint venture called Airbus Safran Launchers . This entity developed the Ariane 6 launch vehicle for its initial flights in July 2024. In January 2017, Safran initiated
1320-436: The deal and on 13 November 2013 the acquisition was completed. Part of ICE's deal to acquire NYSE Euronext was a spin-off for Euronext, which was considered a positive element for European stakeholders. After a complex series of operations, this occurred on 20 June 2014, through an initial public offering (IPO). The former Euronext.LIFFE was retained by ICE and renamed ICE Futures Europe . In order to stabilise Euronext,
1364-639: The high profile and historic trading floors of its other earlier acquisitions, the International Petroleum Exchange and the New York Board of Trade in New York. In December 2012 Intercontinental Exchange (ICE) announced plans to acquire NYSE Euronext, owner of Euronext, in an $ 8.2 billion takeover. In May 2013, Euronext established Enternext as a subsidiary to help small and medium-size enterprises (SMEs) listed on Euronext outline and apply
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1408-490: The organization's opposition to air traffic control privatization. The matter was debated in 2018 as part of the U.S. Federal Aviation Administration's (FAA) congressional reauthorization process. Various proposals for extracting and privatizing air traffic control (ATC) were debated. NBAA's opposition to ATC privatization was motivated by the potential lack of representation on the AANS board (the proposed directors who would oversee
1452-547: The propulsion of aeroplanes, helicopters, missiles, and launchers, for the civil aviation, military aviation, and space markets: design, production, marketing, testing, maintenance, repair, and overhaul (MRO). At the October 2018 NBAA convention, Safran presented its ENGINeUS electric motor range up to 500 kW (670 hp) designed for electric aircraft , starting with a 45 kW (60 hp) one with integrated control electronics , with an energy efficiency of over 94% and
1496-574: The second half of 2018. This could threaten the dominance of Honeywell and United Technologies . In July 2023, Safran agreed to acquire Raytheon subsidiary Collins Aerospace 's actuation and flight controls business unit in an all-cash deal worth $ 1.8 billion however the Italian government used its Golden Share in Microtecnica to veto the sale in the belief it would give Safran the commercial ability to sabotage Eurofighter components production, RTX
1540-532: The stock exchanges in Paris , Zurich , Madrid , Brussels , Amsterdam , and Milan signed a memorandum of understanding in Madrid, which formalised plans to include these bourses as well. Ultimately, only three decided to proceed, and on 22 September 2000 Euronext was formed following a merger of the Amsterdam Stock Exchange , Brussels Stock Exchange , and Paris Bourse . In 2001, Euronext became
1584-403: The technology sector. EnterNext partnered with Morningstar to increase equity research focusing on mid-size companies, especially in the telecommunications, media and technology (TMT) sector. On 22 September 2014, Euronext announced a partnership with DEGIRO regarding the distribution of retail services of Euronext. Upon publishing the third quarter results for 2014, the partnership was seen as
1628-474: The transaction with 98.2% of the vote. Only 1.8% voted in favour of the Deutsche Börse offer. Jean-François Théodore , the chief executive officer of Euronext, stated that they expected the transaction to close within three or four months. Some of the regulatory agencies with jurisdiction over the merger had already given approval. NYSE Group shareholders gave their approval on 20 December 2006. The merger
1672-467: The two exchanges hoped to add Borsa Italiana (the Milan stock exchange) into the grouping. In 2008 and 2009 Deutsche Börse made two unsuccessful attempts to merge with NYSE Euronext. Both attempts did not enter into advanced steps of merger. In 2011, Deutsche Börse and NYSE Euronext confirmed that they were in advanced merger talks. Such a merger would create the largest exchange in history. The deal
1716-744: The world's first bourses, formed in the Low Countries ' shifting trade centres, Bruges , Antwerp and Amsterdam in 1285, 1485 and 1602, respectively, as well as to the foundation of the Paris Bourse in 1724. In its present form, Euronext was established in September 2000 through the merger of the bourses in Amsterdam, Brussels and Paris. The goal was to create a single, integrated, and liquid market for securities trading across Europe. Since its inception, Euronext has continued to expand, and now operates stock exchanges in several European countries, including France,
1760-668: The world. Euronext's product range also includes exchange-traded funds . Euronext provides custody and settlement services through its central securities depository (CSD), Euronext Securities , based on Euronext's ownership of previous national CSDs in Denmark, Italy, Norway and Portugal. Between 2016 and 2019 Euronext owned a 20% share in European Central Counterparty N.V. (EuroCCP). As of December 2019, Euronext owns an 11.1% share in LCH SA . As part of its acquisition of
1804-439: 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 1925 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),
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1848-482: Was approved by shareholders of NYSE Euronext on 7 July 2011, and Deutsche Börse on 15 July 2011 and won the antitrust approved by the US regulators on 22 December 2011. On 1 February 2012, the deal was blocked by European Commission on the grounds that the new company would have resulted in a quasi-monopoly in the area of European financial derivatives traded globally on exchanges. Deutsche Börse unsuccessfully appealed this decision. In 2012, Euronext announced
1892-478: Was completed on 4 April 2007, forming NYSE Euronext . The new firm, NYSE Euronext , was headquartered in New York City, with European operations and its trading platform run out of Paris. Then-NYSE CEO John Thain , who was to head NYSE Euronext, intended to use the combination to form the world's first global stock market, with continuous trading of stocks and derivatives over a 21-hour time span. In addition,
1936-429: Was coordinating heavily with European counterparts) was positive, with an expected approval by the end of 2007. Deutsche Börse dropped out of the bidding for Euronext on 15 November 2006, removing the last major hurdle for the NYSE Euronext transaction. A run-up of NYSE Group's stock price in late 2006 made the offering far more attractive to Euronext's shareholders. On 19 December 2006, Euronext shareholders approved
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