(Boursier.com) — Saffron returns 0.4% in the Paris market, while according to a well-informed source from Reuters, the group is about to conclude an agreement for the acquisition of a unit of the American Raytheon specializing in flight controls for airplanes, helicopters and missiles. The potential ‘deal’ is valued at $1.8 billion. This is a business inherited by Raytheon from its merger three years ago with United Technologies. The Reuters source believes a deal could be reached as early as this week. This would then be Safran’s largest external growth operation since the acquisition of Zodiac Aerospace in 2018.
Saffron also expects an “unprecedented supply crisis” in the aerospace industry to last until 2024. Thus, in an interview with the Financial Times, the CEO of Safran, Olivier Andriès, said said that the group and the entire industry had to fight daily to obtain parts. Thus, even if demand is back, the industry remains in a supply crisis deemed unprecedented, which is restricting the rate of increase in production. Olivier Andriès, quoted by the FT, adds that Safran is open to further share buybacks given that the company has had a good cash generation profile over the past two years, while it is also considering more acquisitions. important. He notes that a potential deal for Raytheon’s flight control unit would be a one-step move to help the company become a market leader…
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