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23-Dec-2024 11:00 AM

Woodward to acquire Safran's electromechanical actuation business in North America

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Background ✨

Safran Electronics & Defense collaborated with Archer Aviation on avionics technology, focusing on developing Safran's ultra-compact avionics platform for Archer's Midnight eVTOL aircraft1. The Italian Government and the UK Secretary of State approved Safran's acquisition of Microtecnica from Collins Aerospace, part of a broader acquisition plan involving actuation and flight control business2. Safran expected to finalise its acquisition of Collins Aerospace's actuation and flight control activities in 2H2024, anticipating cost synergies from 20253.

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