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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

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 …

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GE-Safran JV Lands $2B DLA Contract for F108 Engine Replenishment Spare Parts

A joint venture of Safran‘s aircraft engines unit and General Electric‘s (NYSE: GE) aviation business will supply F108 military aircraft engine replenishment spare parts to the Defense Logistics Agency under a potential $2 billion contract . CFM International will perform work in Ohio and France under the contract that contains nine base months, a four-year option and an additional three-year …

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Airbus, Safran Merge Space Launch Operations in Joint Venture

Airbus Group and Safran have completed the merger of their space launch operations through a joint venture in an effort to support commercial sector clients in Europe. Safran will pay approximately $835 million to Airbus in order to acquire a 50-percent stake in Airbus Safran Launchers joint venture, Airbus said …

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Smiths Group to Buy Safran’s Morpho Detection Subsidiary for $710M

Smiths Group has agreed to purchase Safran’s Morpho Detection subsidiary in the U.S. and other detection-related operations for approximately $710 million. The companies said Thursday Newark, California-based Morpho Detection will join Smith Group’s detection segment that makes sensors and generated approximately $320 million in 2015 revenue. Morpho Detection builds systems to detect chemical, biological, …

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

Safran has wrapped up its $270 million acquisition of the aerospace power distribution and cockpit systems business of Eaton (NYSE: ETN). That business has a 350-employee workforce and generated approximately $102 million in sales during 2013, Eaton said Friday. The unit’s manufacturing facilities are located in Sarasota, Fla. and Costa …

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Safran to Buy Eaton’s Aerospace Power Distribution, Cockpit Services Business for $270M; Uday Yadav Comments

Safran has agreed to purchase Eaton‘s (NYSE: ETN) aerospace power distribution and cockpit services unit for $270 million as Eaton seeks to focus on its core business areas. Eaton and Safran intend to close the deal in the first half of 2014, pending regulatory approvals and approval by the Eaton board of …

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Honeywell Joint Venture To Provide Eco-Friendly Aircraft Taxiing System

Honeywell (NYSE: HON) has signed a memorandum of understanding with French aerospace firm Safran to create a joint venture that will deliver an electric taxiing system for new and existing aircraft. The companies expect first delivery to be in 2016. The taxiing system will use aircrafts’ auxilliary generators and electric …

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