Safran CEO sees London ready to work more closely with the EU

what happened

Reuters reports that Olivier Andries, chief executive of French engine maker Safran, said on Tuesday he sees a desire within the British Labour government to cooperate with the European Union on industrial policy. In his view, the current cabinet is willing to move back toward Europe, and this reflects a deliberate choice in building partnerships. Prime Minister Andy Burnham, according to the agency, has repeatedly argued that Britain, which voted to leave the EU in 2016, needs to rethink its relationship with Brussels.

Andries added that Safran remains focused on the French fighter jet programme, and that he believes Germany is concentrating on a similar project of its own. The company runs fourteen sites in England and Wales, based on its website.

Earlier this month Safran posted higher third-quarter revenue and reaffirmed its 2026 outlook, yet its shares fell as investors worried that slower growth in aftermarket sales could extend into 2027.

why it matters

For markets this is mainly a political story about relations between London and Brussels rather than the company's financials. Still, for Safran shares the key driver remains aftermarket sales growth, which is what pushed the stock lower after the quarterly report.

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