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Safran To Acquire Actuation And Flight Control Business Of Collins Aerospace

Cal Biesecker By
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Safran To Acquire Actuation And Flight Control Business Of Collins Aerospace
Photo: Safran Group

France’s Safran Group last Friday said it has agreed to acquire the actuation and flight controls business of Collins Aerospace, an operating segment of RTX [RTX], for $1.8 billion in cash, complementing the French company’s current portfolio in this space. The deal is expected to close during the second half of 2024. Collins’ actuation and flight controls business is expected to generate about $1.5 billion in sales in 2024, $130 million in earnings before interest, taxes, depreciation and amortization. About…

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