FX.co ★ Woodward To Acquire Safran Electronics & Defense Electromechanical Actuation Business

Woodward (WWD) has entered into a definitive agreement to purchase the Safran Electronics & Defense electromechanical actuation business, with operations in the United States, Mexico, and Canada. This acquisition will encompass intellectual property, operational assets, skilled personnel, and long-term customer contracts for Horizontal Stabilizer Trim Actuation systems, vital for maintaining aircraft stability and supporting safe and efficient flights. These systems are notably implemented in the Airbus A350.

The company stated that this acquisition is part of their regular business activities and is not financially significant. The financial terms of the deal have not been revealed at this time.