Sagem (Société d’Applications Générales de l’Electricité et de la Mécanique) was created in 1925 by Marcel Môme. In 2000, this company gave its name to the “Snecma Group”, and carried out a number of acquisitions to form a larger group with an array of complementary businesses. Gnome & Rhône was nationalized in 1945, creating Snecma. This company merged with the Le Rhône, a company created in 1912 by Louis Verdet, to form the Gnome et Rhône engine company. Production of the first rotary engine for airplanes, the Gnome Omega, started in 1909. In 1905 Louis Seguin created the company Gnome. Safran translates as rudder blade and as saffron, which the company highlights as one of the catalysts for early international trade. As a holding company for many subsidiaries, the name was deemed suitable for the suggestion of direction, movement, and strategy. The name Safran was chosen from 4,250 suggestions, including 1,750 proposed by employees. Safran's acquisition of Zodiac Aerospace in 2018 significantly expanded its aeronautical activities.Įmploying over 95,000 people and generating 24.64 billion euros in sales in 2019, the company is listed on the Euronext stock exchange and is part of the CAC 40 and Euro Stoxx 50. It was formed by a merger between SNECMA and the defense electronics specialist SAGEM in 2005. is a French multinational company that designs, develops and manufactures aircraft engines, rocket engines as well as various aerospace and defense-related equipment or their components.
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