The Boeing Company (BA)

UPDATE 1-Safran posts higher Q1 revenue, keeps financial targets

French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX family of jets and competes with Pratt & Whitney on the Airbus A320neo series.