Justice Department Requires Safran to Divest Assets to Proceed with Acquisition of Raytheon Assets

On April 24, 2024, the US Department of Justice (Antitrust Division) issued an update regarding "Justice Department Requires Safran to Divest Assets to Proceed with Acquisition of Raytheon Assets". The division announced that it will require Safran to divest its North American actuation business and related assets to resolve antitrust concerns arising from its proposed $1.8 billion acquisition of Collins Aerospace's actuation and flight control business from RTX Corporation. This move aims to preserve competition in the market for aircraft components.