Safran is an international high-technology group and tier-1 supplier of systems and equipment in the Aerospace and Defense markets. Operating worldwide, Safran has nearly 58,000 employees and generated sales of 15.8 billion euros in 2016. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran undertakes Research & Development programs to meet fast-changing market requirements, with total R&D expenditures of 1.7 billion euros in 2016. Safran is listed on the Euronext Paris stock exchange, and its share is part of the CAC 40 and Euro Stoxx 50 indices.
For more information : www.safran-group.com / Follow @Safran on Twitter
The Hanwha Group is one of the largest conglomerates in the Republic of Korea with 2016 sales of US$56 billion and total assets of US$165 billion operating in defense, chemicals, solar energy, finance, construction, retail, and leisure industries. The Hanwha Group has 56 affiliates in Korea and 226 overseas subsidiaries across 21 countries. The defense companies of the Hanwha Group include solutions ranging from state-of-the-art Precision Guided Munitions, C4ISR Network Elements, Naval Combat Systems, Armored Vehicles, Air Defense Systems, Self-Propelled Artillery Systems and Launchers with a history of innovation spanning 65 years.
Safran SA published this content on 22 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 June 2017 10:34:15 UTC.
Original documenthttps://www.safran-group.com/media/safran-and-hanwha-sign-strategic-partnership-20170622
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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 (51.2%): 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 (38%): 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;
- other (0.1%).
Net sales are distributed geographically as follows: France (19.4%), Europe (24%), the Americas (34.8%), Asia and Oceania (13.2%), Africa and the Middle East (8.6%).