France-based aerospace and defense firm Safran is near to a $1.8B deal to acquire a Raytheon Technologies’ (RTX) unit that makes flight controls for aircraft, helicopters and missiles, wrote David Carnevali for Reuters. Raytheon acquired the low-margin business in a merger with United Technologies, “while expanding Safran’s foothold in flight controls against rivals such as Moog Inc (MOG. A), Eaton Corp (ETN), Woodward Inc (WWD) and Parker-Hannifin (PH),” added the Reuters story.
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