Safran thrives on complacency and is fine with the status quo. Take a look at earnings the last decade. It’s not due to increased sales or opportunities, but rather through acquisition of more complacent companies settling for 2% y/o/y growth. With the JV with GE on the engine side, I don’t know how this company stays in business. The HR team at Safran is beyond embarrassing and if you’re a Safran employee anywhere other than France, be prepared for France to run your life and your US “leadership” to cow tow to the French at every turn in an effort for self promotion.