Woodward Signs Agreement to Acquire Safran's Electromechanical Actuation Business Based in North America
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Woodward has signed an agreement to acquire Safran's Electromechanical Actuation Business in North America. This acquisition will enhance Woodward's technology platform for next-generation aircraft and is a strategic move for Safran towards acquiring Collins Aerospace's actuation and flight control activities.
December 20, 2024 | 1:15 pm
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Woodward's acquisition of Safran's Electromechanical Actuation Business will enhance its technology platform for next-generation aircraft, potentially boosting its market position.
The acquisition provides Woodward with a proven technology platform, which is likely to strengthen its position in the aerospace sector. This strategic move is expected to have a positive impact on Woodward's stock price in the short term.
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