Curtiss-Wright to buy Safran's aircraft arresting systems business

by Marc Selinger

US industrial conglomerate Curtiss-Wright Corporation plans to expand its defence portfolio by acquiring Safran Aerosystems Arresting Company (SAA) for USD240 million in cash, the buyer announced on 21 January.

SAA's arresting equipment for fixed-wing military aircraft is used on aircraft carriers and on land and will complement Curtiss-Wright's existing landing and recovery systems for military rotorcraft, Curtiss-Wright said. In addition, SAA sells to more than 70 countries, which is expected to give its future owner increased opportunities for foreign military sales.

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US industrial conglomerate Curtiss-Wright Corporation plans to expand its defence portfolio by acqui...

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