About Engineered Arresting Systems Corporation

SAFRAN strives to keep civilians and military personnel safe in the air and on land. The company operates through several divisions: Aerospace manufactures aircraft/rocket/space engines and propulsion systems for fixed wing, as well as rotorcraft; Defense develops and builds navigation systems, drones, and optronics; and Security offers biometric identification and access control systems. SAFRAN's segments serve both the civilian and military sectors, working alone or in partnership with other major companies. Key subsidiaries include aircraft engine maker Snecma and biometric identification and authentication card provider Morpho.

Operations

The largest of SAFRAN's segments is Aerospace Propulsion, which accounts for more than half of overall sales. The segment's operations include an alliance with General Electric through CFM International, a 50/50 joint venture contracted through 2040. CFM develops and markets the CFM56 turbofan engine for single-aisle commercial jets. In the military sector, Aerospace Propulsion makes engines for combat, training, and transport aircraft. The segment also has made more than 50,000 helicopter turbine engines for some 2,500 customers in about 150 countries.

The Aircraft Equipment segment accounts for 29% of sales. The segment supplies engine nacelles and thrust reversers for the Airbus A380. It also provides landing systems for the A380 and the Airbus Military A400M, the Boeing 787 Dreamliner, and the Dassault Aviation Rafale. The segment's wheels and carbon brakes have been installed in more than 3,500 planes used by some 300 airlines.

Defense, 8% of sales, provides inertial navigation systems for use on military transport and combat aircraft, helicopters, warships, armored vehicles, and other systems. The segment also provides products for digital combat, including technology for vehicle digitization and encryption. Security, 10% of sales, offers multibiometric identification technologies that can identify persons through fingerprints, iris, face, and vein recognition. It also offers explosive detection systems and smart cards. The segment's systems have been implemented in more than 100 countries.

Financial Performance

SAFRAN has achieved significant growth over the last few years. In its fiscal 2014, revenue increased by 6% compared to 2013. The growth was attributed to a 9% uptick in revenue from aircraft equipment segment and a 7% spike in aerospace propulsion segment revenue.

The company posted a net loss of €1.5 billion in 2014 compared to 2013 primarily due to foreign exchange losses that it incurred and other non-recurring operating income and expenses. (Note the company restated its 2013 annual numbers due to changes in accounting policies.)

Mergers and Acquisitions

SAFRAN grows through the use of acquisitions. In 2013 it acquired the electrical systems business of Goodrich (Goodrich Electrical Power Systems - GEPS). Safran also acquired Rolls-Royce's 50% interest in its joint RTM322 helicopter engine program, to strengthen its position within the strategic heavy-lift helicopters segment. In 2014 SAFRAN purchased the Aerospace Power Distribution Management Solutions and the Integrated Cockpit Solutions operations belonging to Eaton.

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Engineered Arresting Systems Corporation

2550 Market St
Upper Chichester, PA 19014-3426
Phone: 1 (610) 494-8000
Fax: 1 (610) 494-8760

Stats

  • Employer Type: Public
  • Vice President, Sales and Marketing: Eric Elison
  • Maintenance Manager: Joe Guida
  • Executive Vice President and President of Commercial Systems Division: Peter Mahal
  • Employees: 140

Major Office Locations

  • Upper Chichester, PA

Other Locations

  • Logan Township, NJ
  • Oslo, Norway