Safran completed the acquisition of flight control and actuation activities from Collins Aerospace for $1.8bn.

Safran, an aircraft equipment manufacturer, completed the acquisition of flight control and actuation activities from Collins Aerospace, an aerospace and defense company, for $1.8bn. “This acquisition offers a unique opportunity to solidify our position in mission critical flight control and actuation functions and create a global leader in this domain. It will enable us to deliver a comprehensive offering to our customers and position us extremely well for next-generation aircraft. This business fits perfectly with both our product portfolio and our DNA with a high technology content, recurring aftermarket sales and profitable growth," Olivier Andriès, Safran CEO.