Safran SA Nears $1.8B Deal To Acquire Raytheon Technologies Corporation's Flight Controls Business
Portfolio Pulse from Benzinga Newsdesk
Safran SA is close to acquiring Raytheon Technologies Corporation's flight controls business for $1.8 billion, according to Reuters.
June 14, 2023 | 12:25 pm
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Raytheon Technologies Corporation's flight controls business is being acquired by Safran SA for $1.8 billion.
The acquisition of Raytheon Technologies' flight controls business by Safran SA for $1.8 billion will likely have a positive short-term impact on RTX's stock price. The deal will provide Raytheon with additional capital, which could be used for further investments, debt reduction, or shareholder returns. Additionally, the sale of a non-core business may allow the company to focus on its core operations and improve overall efficiency.
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