Safran SA

Safran, based in Paris, is a leading maker of aircraft engines and equipment, best known for the CFM engines it builds in partnership with GE that power much of the world's single-aisle fleet, alongside landing gear, cabins and defence systems. A huge installed base means decades of lucrative maintenance and spare-parts revenue. Safran suspended its dividend during the pandemic and has rebuilt it strongly as air travel recovered, backed by booming aftermarket profits. A rising payout tied to full order books and long-term aftermarket income gives it a solid dividend profile.