French aerospace and defence group Safran is in talks to buy the flight controls unit of US-based Raytheon Technologies, in what would be the engine maker’s first significant acquisition since seat producer Zodiac in 2018.
Raytheon is one of America’s top five “prime” contractors with the Pentagon, with operations including its defence and missile businesses, engine maker Pratt & Whitney and Collins Aerospace.
Safran confirmed on Monday that it was in talks over the division that makes mechanical actuators for flight controls for most commercial aircraft models, as well as several military ones. It declined to say what valuation it was discussing, as part of a bidding process open to other parties.
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