Safran has reported a rise in revenue of €6.2bn ($6.55bn) for the full year 2023, with “double-digit revenue growth in all business and civil aftermarket benefitting from the continued good dynamics in air traffic and an increasing contribution of CFM flight hour contracts,” highlighted CEO Olivier Andriès. However, although LEAP engine deliveries remain stable, the company has revised its CFM growth projections from 20%-25% to 10%-15%. The propulsion business sector increased by 15.4% in the quarter thanks to strong civil aftermarket activity (up 27.3% in revenue), with Safran noting that ‘this strong growth came in particular from LTSA [long term

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