Woodward Acquires Safran's North American Electromechanical Actuation Business

Woodward Inc., a key player in aerospace and industrial energy control, has signed an agreement to acquire Safran's electromechanical actuation business in North America. This acquisition includes intellectual property and operations assets, enhancing Woodward's technology for next-generation aircraft. The deal, covering operations in the U.S., Mexico, and Canada, includes systems for Airbus A350's Horizontal Stabilizer Trim Actuation.

Chip Blankenship, Woodward's CEO, highlights the alignment with growth strategies. Franck Saudo, CEO of Safran Electronics & Defense, emphasizes the strategic fit and progress toward acquiring Collins Aerospace's actuation activities. The deal, expected to close in mid-2025, awaits regulatory approval. Financial terms remain undisclosed.