Safran Nears Agreement to Purchase Raytheon's Flight Control Business in $1.8B Deal: Reuters
Safran SA (OTC: SAFRY) is reportedly in negotiations with Raytheon Technologies Corp (NYSE: RTX) for its flight control unit at the beginning of June. Safran is nearing an ~$1.8 billion deal to acquire Raytheon’s unit that makes flight controls for aircraft, helicopters, and missiles, Reuters reported citing a knowledgeable source. Raytheon will be relieved of a low-margin business inherited from its $120 billion merger with United Technologies three years ago, while Safran will strengthe...
United Technologies Raytheon Technologies Corp Benzinga Pro Safran Nears Agreement Purchase Raytheon Flight Control Business
Source: yahoo.com