Jet engine maker Safran raises targets after record first-half margin

GE Aerospace last week raised its 2026 revenue and profit forecasts, driven by demand for engine services and equipment.

Safran flagged supply chains and the Middle East as items to keep under review though it noted that LEAP engine production had surpassed 500 units for the fourth quarter in a row.

CEO Olivier Andries said the company continued to diversify sources of suppliers wherever possible.

In defence, questions remain over the future of Safran's fighter-engine joint venture with Germany's MTU Aero Engines after the collapse of the Franco-German-Spanish FCAS fighter.

Andries said the venture, which sources say has operated smoothly in contrast to feuding that triggered the collapse of the fighter itself, is funded until September and its future will depend on paths each country takes in future developments.