Silvercrest Delay Hurts Safran's 2015 Profits

PARIS — Delays in development of Safran’s Silvercrest engine cost the company a one-time €654 million ($720 million) charge last year, helping drive operating profit for 2015 down more than 12% to €1.7 billion. However, Safran’s full-year revenue totaled €17.4 billion, up 13.4% compared to €15.3...

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