Safran Acquires RTX Subsidiary Collins Aerospace's Actuation And Flight Control Business For $1.8B
Portfolio Pulse from Benzinga Newsdesk
Safran has acquired Collins Aerospace's Actuation and Flight Control business, a subsidiary of RTX, for $1.8 billion.
July 21, 2023 | 7:43 am
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POSITIVE IMPACT
RTX has sold its subsidiary Collins Aerospace's Actuation and Flight Control business to Safran for $1.8 billion.
The sale of Collins Aerospace's Actuation and Flight Control business could potentially free up capital for RTX, which may be used for other strategic investments or to return to shareholders. This could have a positive impact on RTX's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Safran has acquired Collins Aerospace's Actuation and Flight Control business from RTX for $1.8 billion.
The acquisition of Collins Aerospace's Actuation and Flight Control business could potentially strengthen Safran's position in the aviation industry. However, the impact on Safran's stock price in the short term is uncertain as it will depend on how well the integration process goes and the future performance of the acquired business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100