France's Safran says defence investment depends on orders
Published by Global Banking & Finance Review®
Posted on March 31, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 31, 2025
1 min readLast updated: January 24, 2026
Safran is ready to boost defence production if there are clear orders and budget visibility, according to CEO Olivier Andries.
PARIS (Reuters) - The head of Safran said on Monday the French aerospace and defence group was ready to invest in increased production of defence equipment as long as the mounting appetite for increased European defence capacity led to tangible orders.
"We are ready to invest," CEO Olivier Andries told a French Senate committee hearing, adding it was important to have visibility over the pace of orders and defence budgets.
(Reporting by Tim Hepher; Editing by Sharon Singleton)
The article discusses Safran's potential investment in defence production, contingent on receiving tangible orders and budget clarity.
Olivier Andries is the CEO of Safran.
Safran requires tangible orders and visibility over defence budgets to proceed with investment.
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