Woodward to Acquire Safran's Electromechanical Actuation Business
WWDWoodward(WWD) ZACKS·2024-12-23 23:40

Woodward, Inc. (WWD) declared a definitive agreement to acquire Safran Electronics & Defense’s electromechanical actuation business located in the United States, Mexico and Canada. This strategic move will include obtaining intellectual property, operational assets, skilled talent and long-term customer agreements related to Horizontal Stabilizer Trim Actuation (“HSTA”) systems. These systems play a critical role in aircraft stabilization, ensuring safe and efficient flight operations with notable applicati ...