Safran Finalizes Purchase of Eaton’s Power Distribution, Cockpit Systems Business

RTX (NYSE: RTX) has agreed to sell its Raytheon’s cybersecurity, intelligence and services business to an undisclosed buyer for approximately $1.3 billion. The company announced the move in its third-quarter earnings report published Tuesday. Reuters reported that private equity firm Blackstone was the prospective purchaser of the business. The Raytheon cyber business provides software modernization

Global aircraft equipment manufacturing company Safran is in exclusive negotiations over a possible acquisition of Orolia from investment group Eurazeo in a strategy to establish a global presence in the positioning, navigation and timing products market. The companies are eyeing a mid-2022 completion date for the planned combination if regulatory bodies approve the transaction, according

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant deals in the A&D sector