Safran to double engine parts output

French jet engine manufacturer Safran is set to significantly increase its production capacity for critical engine components. CEO Olivier Andries announced a substantial investment of 150 million euros ($175.31 million) in a new high-tonnage hydraulic press at its northern France facility. This strategic move aims to double the output of essential engine parts, addressing supply chain demands and bolstering the company's manufacturing capabilities. The investment underscores Safran's commitment to enhancing its production efficiency and meeting market needs.