Woodward To Acquire Safran Electronics & Defense Electromechanical Actuation Business

(RTTNews) - Woodward (WWD) has signed a definitive agreement to acquire the Safran Electronics & Defense electromechanical actuation business based in the United States, Mexico and Canada. The acquisition includes intellectual property, operations assets, talent, and long-term customer agreements for Horizontal Stabilizer Trim Actuation systems for aircraft stabilization to support safe and efficient flight, notably used for the Airbus A350.

The company said the acquisition was made in the ordinary course of business, is not financially material, and financial terms are not disclosed at this time.