Safran Plans to Buy Collins Aerospace
Safran production site.
Image credit: Wikipedia / Ketounette, CC BY-SA 4.0.
French rocket engine manufacturer Safran has its eye on buying Raytheon Technologies’ Collins Aerospace’s actuation and flight control business. The companies announced the purchase deal late last month and Safran disclosed its rationale in a phone call with analysts on July 21. The $1.8 billion deal is expected to close late next year, pending regulatory approvals, and is mostly targeted at computerizing aircraft systems.
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