Latest news with #actuation
Yahoo
2 days ago
- Business
- Yahoo
Woodward completes acquisition of Safran's NA electromechanical business
Woodward (WWD) has completed its acquisition of Safran's Electronics & Defense electromechanical actuation business based in the United States, Mexico, and acquisition, first announced in December 2024, includes intellectual property, operations assets, talent, and long-term customer agreements, including those for Horizontal Stabilizer Trim Actuation systems for aircraft stabilization to support safe and efficient flight, notably used for the Airbus A350. The A350 HSTA, a key product within the acquired portfolio, represents one of the most advanced electromechanical control technologies in large commercial aviation. The transaction also includes other electromechanical products and electronic control units with a portfolio of commercial and business aircraft applications. Teams will now work to ensure the integration process supports an efficient transition for team members and for customers. This acquisition was made in the ordinary course of business. It is not financially material, and therefore the financial terms of the transaction are not disclosed at this time. Additional information, if any, will be disclosed in upcoming periodic reports, in compliance with applicable rules. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WWD: Disclaimer & DisclosureReport an Issue Woodward price target raised to $294 from $267 at Truist Woodward price target raised to $320 from $291 at Deutsche Bank Woodward removed from US Conviction List at Goldman Sachs Woodward selected by Airbus as supplier for hydraulic A350 SPA Woodward price target raised to $267 from $232 at Truist
Yahoo
3 days ago
- Business
- Yahoo
Safran finalises acquisition of Collins Aerospace flight controls business
(Reuters) -French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028. Collins Aerospace business, which generated about $1.55 billion in revenue in 2024, will be consolidated into Safran electronics and defense from August 1, the company added. '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," Safran CEO Olivier Andries said in a statement. The European Commission cleared the transaction in April, nearly two years after the deal was first announced.
Yahoo
3 days ago
- Business
- Yahoo
Safran finalises acquisition of Collins Aerospace flight controls business
(Reuters) -French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028. Collins Aerospace business, which generated about $1.55 billion in revenue in 2024, will be consolidated into Safran electronics and defense from August 1, the company added. '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," Safran CEO Olivier Andries said in a statement. The European Commission cleared the transaction in April, nearly two years after the deal was first announced. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Safran finalises acquisition of Collins Aerospace flight controls business
(Reuters) -French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028. Collins Aerospace business, which generated about $1.55 billion in revenue in 2024, will be consolidated into Safran electronics and defense from August 1, the company added. '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," Safran CEO Olivier Andries said in a statement. The European Commission cleared the transaction in April, nearly two years after the deal was first announced. Sign in to access your portfolio
Reuters
3 days ago
- Business
- Reuters
Safran finalises acquisition of Collins Aerospace flight controls business
July 21 (Reuters) - French engine and aircraft equipment maker Safran ( opens new tab said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028. Collins Aerospace business, which generated about $1.55 billion in revenue in 2024, will be consolidated into Safran electronics and defense from August 1, the company added. '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," Safran CEO Olivier Andries said in a statement. The European Commission cleared the transaction in April, nearly two years after the deal was first announced.
