Safran
Safran makes, with GE, the LEAP and CFM56 engines that power most single-aisle airliners, plus helicopter and military engines, landing gear, nacelles, avionics and cabin interiors, and earns most of its profit from spare parts and services for the engines already flying.
Its 40-year-old engine still earns the most spare-parts money.
Nearly 30,000 CFM56 engines are still flying on older A320s and 737s, and their overhauls drive the aftermarket that funds the new LEAP ramp-up.
How big is Safran?
Half comes from engines, mostly their spare parts.
- Propulsion50%€15.7B
- Equipment & Defense39%€12.3B
- Aircraft Interiors11%€3.3B
Sell engines with GE. Earn on spares.
- 1LEAP engines with GE
- 2A320neo and 737 MAX
- 3Spare parts for decades
New engines are sold at thin margins; the profit comes from spare parts and service contracts over the 30-plus years each engine flies, which is why the older CFM56 fleet still drives most spare-parts sales.
- French State11.72%
- TCI Fund Management8.1%
- Employees5.55%
CEO: Olivier Andriès
- 1905Gnome engine company founded
- 1945Gnome & Rhône becomes Snecma
- 1974Snecma and GE create CFM International
- 1982CFM56 enters service
- 2005Snecma and Sagem merge to form Safran
Every number on this page comes from Safran's own reports.
- Safran Document d’enregistrement universel 2025 (ESEF annual financial report, French) ↗
- Safran reports its first-half 2026 results (press release, AMF regulated information) ↗
- Safran Document d’enregistrement universel 2024 (ESEF annual financial report, French) ↗
- Safran ESEF annual financial reports 2020-2025 (filings.xbrl.org, LEI 969500UIC89GT3UL7L24) ↗
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