Safran will invest €120 million ($138.23 million) at its Montlucon site to triple production of hemispherical resonator gyroscopes (HRGs) by 2032. The move signals expanded capacity for a high-value navigation component tied to defense and aerospace applications. The announcement is positive for Safran's longer-term growth and industrial footprint, though near-term market impact is likely limited.
Safran will invest €120 million ($138.23 million) at its Montlucon site to triple production of hemispherical resonator gyroscopes (HRGs) by 2032. The move signals expanded capacity for a high-value navigation component tied to defense and aerospace applications. The announcement is positive for Safran's longer-term growth and industrial footprint, though near-term market impact is likely limited.
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