Safran is in talks to acquire parts of Raytheon Technologies’ flight controls and actuation business lines, the French supplier confirmed June 5.
The talks, first reported by Bloomberg, focus on part of Raytheon’s Collins Aerospace business unit that supplies a variety of systems, including primary flight controls, high-lift systems, and nacelle and stabilizer actuators for commercial and business aviation aircraft, including several Airbus and Boeing programs. Collins also has an actuation overhaul business, but it was not immediately clear whether it would be part of a deal.
Safran also has a sizable actuation business and makes some flight control systems.
“Following information in the press, Safran confirms that it is in discussions with Raytheon Technologies for the potential acquisition of certain flight control and actuation activities ... within the scope of a competitive process,” Safran said in a statement. “At this stage, it is not possible to evaluate the chances of reaching any agreement, nor is it possible to be specific about terms and conditions.”
Bloomberg reported in January that Raytheon was exploring the sale of its legacy Rockwell Collins and United Technologies flight control and actuation product lines. The deal could be worth $1 billion, Bloomberg said.
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