Silvercrest delay hits Safran's 2015 operating profit

GII Silvercrest

Delays in developing the Snecma Silvercrest engine set to power Dassault’s Falcon 5X business jet cost Safran a one-off €654 million ($720 million) charge last year, resulting in a 12% drop in operating profit for the French company, to €1.7 billion.

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