Safran to invest 120m pounds in navigation sensors in France

French jet engine maker Safran, opens new tab will invest €120 million ($138.23 million) in ​its Montlucon site in central France ‌to triple output of hemispherical resonator gyroscopes (HRGs) by 2032, its Chief Executive told La Tribune ​newspaper on Sunday.

HRGs are highly ​accurate internal sensors that help planes, ⁠ships, and missiles navigate precisely without ​relying on satellite signals such as GPS.

The ​project is part of a 1.4 billion euro plan approved in 2025 to expand Safran's ​production capacity worldwide, Director General Olivier ​Andries said.

The investment will raise the site's annual HRG ‌output ⁠to 30,000 units from 10,000 by 2032 and is expected to create more than 150 jobs, Andries said.

Montlucon is ​a long-standing ​Safran ⁠production site, making inertial navigation systems and related gyroscope technology ​used in air, land and ​sea ⁠applications.

The French aerospace and defence group last month announced a €150 million investment in a ⁠high-tonnage ​hydraulic press to boost ​output of critical engine components.

-Reuters