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Safran: LEAP Is Building The Next Aftermarket Profit Pool

Safran earns a buy rating, leveraging strong CFM56 aftermarket demand and rapid LEAP engine deliveries to drive sustainable earnings growth. SAFRF's H1 2026 saw ~20% organic revenue growth, 18% recurring operating income growth to EUR3.24B, and Propulsion margin expansion to 24.5%. LEAP engine orders and maintenance infrastructure expansion support a long runway for future service revenue and margin resilience.

Seeking Alpha • Jul 30, 2026

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