Safran nears $1.8 billion deal to acquire Raytheon flight controls unit, reports
The acquisition of the Raytheon business would strengthen Safran's ties with Airbus and the US DoD. (Photo: US DoD)
France’s Safran is said to be nearing an approximately $1,8 billion deal to acquire a Raytheon Technologies unit that makes flight controls for various aircraft and missiles.
The deal might be concluded as early as this week, as first reported by Reuters.
Through this sale, Raytheon could divest itself of a low-profit venture it acquired through its $120 billion merger with United Technologies three years ago, while simultaneously bolstering Safran's market presence in flight controls, positioning it favourably against competitors.
The French company revealed earlier this month that it was in discussions with Raytheon about the potential acquisition of certain flight control- and actuation activities.
'At this stage, it is not possible to evaluate the chances of reaching any agreement, nor is it possible to be specific
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