Deals
Safran in Talks for $1 Billion Raytheon Flight Control Unit
- Deal would represent Safran’s biggest purchase in six years
- Safran has been competing with private equity suitors
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Safran SA is in talks to acquire an arm of Raytheon Technologies Corp. that makes products including flight controls, in what could be its biggest purchase in six years.
The French aerospace company is discussing a deal to buy “certain flight control and actuation activities” from Raytheon as part of a competitive bidding process, it said in a statement Monday that confirmed an earlier Bloomberg News report.