Ben Vogel, Cologne - IHS Jane's Defence Weekly
15 March 2016
Safran is considering the sale of its Morpho biometrics activities, a few months after revealing it is open to offers for the Morpho Detection aviation security technology business.
CEO Philippe Petitcolin, previously CEO of Morpho, said on 14 March that Safran's future lies in aerospace manufacturing and defence but did not rule out any options for Morpho.
Petitcolin indicated that Safran has received multiple expressions of interest from potential buyers of Morpho Detection.
Safran in February 2016 reported record results for 2015, including a 22.7% increase in sales across all its security activities to EUR1.88 billion (USD2.1 billion).
Morpho's latest orders include a contract for biometric technology at Singapore Changi, announced on 15 March during Passenger Terminal Expo in Cologne.