Safran confirms talks with Raytheon over flight control assets

US Aerospace

05/06/2023 17:00

PARIS, June 5 (Reuters) - French aero engine maker
Safran  SAF.PA  said on Monday it was s in discussions with U.S.
aerospace company Raytheon Technologies  RTX.N  for the
potential acquisition of certain flight control and actuation
activities, confirming earlier media reports.
    "At this stage, it is not possible to evaluate the chances
of reaching any agreement, nor is it possible to be specific
about terms and conditions. As appropriate, detailed information
on a possible transaction would be given in due course," Safran
said in a short statement.
    Safran shares ended down 1.3% at 137,24 euros on the French
stock market while Raytheon shares were up 0.4% at around 15:40
GMT.
    Earlier, Bloomberg reported that Safran was in talks with
Raytheon over flight control assets for a deal worth one billion
dollars.

 (Reporting by Benoit Van Overstraeten; Editing by GV De Clercq)
 ((benoit.vanoverstraeten@thomsonreuters.com; +33149495339;))