Safran acquires Collins’ actuation and flight control activities

Safran acquired Collins Aerospace high-technology actuation and flight control activities, which are mission critical for commercial & military aircraft and helicopters. This acquisition offers unique opportunity for Safran to become a global leader in critical flight control (ATA27) and actuation functions. According to Safran the acquisition is expected to generate sales of approximately $1.5 billion and an EBITDA of $130 million in 2024E. As part of the contemplated acquisition, long-term supply agreements covering ~25% of sales would be secured between Safran and Collins at attractive terms. The transaction is expected to be fully financed with available cash, with a limited