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Safran announces partnership with Moroccan organizations for new MRO shop

Nov 01, 2024•over 1 year ago

Contract Type

partnership

ParisManufacturing

Description

At the Marrakech Air Show 2024, Safran Aircraft Engines has announced the signing of several agreements with Moroccan partners ahead of construction of its new LEAP engine maintenance, repair and overhaul (MRO) shop. The agreements involve a Memorandum of Understanding (MoU) with the Moroccan Aerospace Industries Association (GIMAS) for training, purchase of a six-hectare plot of land through MedZ, and a service contract with Midparc for the new MRO shop real estate project. These partnerships will enable Safran to develop its new MRO shop and ensure the highest standards of training and infrastructure.

Company Information

Company

Safran

Location

Paris, Ile De France, France

About

Safran is a leading international high-technology group with three core businesses: aerospace, defense, and security. Operating worldwide, the company has over 95,000 employees and generates sales of around €24 billion. Safran is listed on the Euronext Paris stock exchange.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months