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Business/Financial

Safran Confirms Bid To Acquire Raytheon Technologies’ Actuation Business

By Cal Biesecker

Monday, June 5th, 2023

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Safran Confirms Bid To Acquire Raytheon Technologies’ Actuation Business

The Bell-Boeing MV-22. (Photo: Bell)

France’s Safran Group on Monday confirmed a media report that it is in discussions to acquire a business of Raytheon Technologies [RTX] that supplies flight control and other actuators for commercial and military aircraft. Bloomberg on Monday first reported the potential $1 billion deal, saying Safran is bidding against private equity firms for the Raytheon business. The investment banking firm Jefferies and Co. on Monday said the Raytheon business is expected to generate about $1.3 billion in sales and generate…

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