Curtiss-Wright to acquire Safran Aerosystems Arresting Company for $240m.

Curtiss-Wright, a provider of edge sensors, controls, sub-systems and mission critical components, agreed to acquire Safran Aerosystems Arresting Company, a designer and manufacturer of aircraft emergency arresting systems, for $240m. “The acquisition of the Safran arresting systems business increases the breadth of our global defense portfolio and firmly establishes Curtiss-Wright as a leading global supplier of fixed-wing aircraft recovery and arresting systems. SAA’s technologies are a logical extension to our existing helicopter landing and recovery systems. The combination provides an opportunity to leverage our long-standing relationships with leading defense customers supporting critical defense platforms, such as the F-35, and is expected to yield significant opportunities for revenue growth, including increased foreign military sales," Lynn M. Bamford, Curtiss-Wright President and CEO.