Safran Q1 revenue rises 14 pct, confident on LEAP engine

April 22, 2015 5:08 AM

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PARIS, April 22 (Reuters) - France's Safran reported a 14 percent rise in first-quarter revenue on Wednesday and said it was very happy with the progress of the new LEAP engine, being developed for Boeing and Airbus jets.

The aerospace, security and defence company said its widely watched civil aftermarket grew 17.8 percent in dollar terms, driven by first overhauls of the CFM56, which Safran co-produces with General Electric, and the GE90 jet engine.

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