Safran agrees 300-engine deal. Bernstein keeps EUR 420 target for Safran stock

Published on 10/19/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CFM agreed over 300 engines and services for over 600 on October 16, 2026. Safran stock costs EUR 311.45 on October 19, 2026.

Engine agreement and earnings expectations

CFM and Turkish Airlines signed a protocol covering over 300 engines and services for over 600 on October 16, 2026.
Bernstein maintained a EUR 420.00 target for Safran on October 16, 2026.
Safran stock traded at EUR 311.45 at 9:44 a.m. CEST at Lang & Schwarz on October 19, 2026.

Isometric 3D illustration cube with aerospace components: engine, helicopter, landing gear, avionics — Safran FR0000073272 isometric 3D cube showing turbine engine, helicopter, landing gear, and avionics display, Illustration mit AI erstellt.

Safran stock (ISIN FR0000073272) was trading at EUR 311.45 at Lang & Schwarz on October 19, 2026 at 9:44 a.m. CEST, before the Xetra session. TradingSat reported on October 16, 2026 that CFM and Turkish Airlines had signed a protocol covering over 300 LEAP-1B engines and services for over 600 engines. On the same date, TradingSat reported that Bernstein maintained its Outperform rating and EUR 420.00 price target.

Three events shape the setup

On October 6, 2026, Safran Reosc said it would complete 931 primary-mirror segments for the Extremely Large Telescope by the end of 2026, as reported by TradingSat. On October 7, 2026, UBS cut its target from EUR 370.00 to EUR 350.00, according to Ideal Investisseur. The October 16 engine protocol is the latest of the three events.

What does 600 engines change?

The agreement adds a large services component to the engine commitment, while Safran's latest consensus provides the nearer financial yardstick. On October 15, 2026, analyst consensus projected full-year 2026 revenue of EUR 36.51 billion, recurring operating income of EUR 6.59 billion and free cash flow of EUR 4.89 billion, according to VZ.

Upcoming reporting dates

Safran's finance calendar lists October 23, 2026 for third-quarter revenue and February 9, 2027 for fiscal 2026 results, according to Safran. These dates give investors two scheduled checkpoints for testing the engine agreement against revenue and cash-flow expectations.

Pre-market quote before Xetra

Safran was trading at EUR 311.45 at Lang & Schwarz on October 19, 2026 at 9:44 a.m. CEST, in the pre-market phase. The primary listing is on Euronext Paris, where the stock closed at EUR 317.00 on October 16, 2026.

The further course of trading is shown by the continuously updated real-time quote of Safran stock.