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Business/Financial

Curtiss-Wright Acquiring Safran Unit That Makes Aircraft Arresting Systems

By Cal Biesecker

Friday, January 21st, 2022

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Curtiss-Wright Acquiring Safran Unit That Makes Aircraft Arresting Systems

Cable arresting system manufactured by Safran Aerosystems Arresting Company. Photo: Safran

Curtiss-Wright Corp. [CW] last Friday said it has agreed to acquire Safran Aerosystems Arresting Company (SAA) for $240 million in cash, giving it a new product line and expanding its international business. SAA, which is part of France’s Safran Group, is based in Pennsylvania and had about $70 million in sales in 2021. The business makes emergency land-based arresting systems for military aircraft. A Curtiss-Wright spokesman told Defense Daily that about 75 percent of SAA’s sales are to international customers,…

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