Safran Nears Agreement to Purchase Raytheon's Flight Control Business in $1.8B Deal: Reuters
Portfolio Pulse from Akanksha Bakshi
Safran SA is close to acquiring Raytheon Technologies Corp's flight control unit for approximately $1.8 billion. The deal will relieve Raytheon of a low-margin business and strengthen Safran's position in flight controls against competitors.
June 14, 2023 | 4:08 pm
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Raytheon is set to sell its flight control unit to Safran for around $1.8 billion, relieving the company of a low-margin business.
The sale of the flight control unit will allow Raytheon to focus on more profitable businesses and improve its overall financial performance. This is likely to have a positive impact on Raytheon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Safran is nearing a $1.8 billion deal to acquire Raytheon's flight control unit, which will strengthen its position in the market.
The acquisition will strengthen Safran's position in flight controls against competitors and improve its relations with Airbus. This is likely to have a positive impact on Safran's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100