The U.S. Department of Justice has mandated French technology company Safran Group (SAFRY, Financial) to divest certain assets to proceed with its $1.8 billion acquisition of Collins Aerospace from Raytheon Technologies (RTX). This divestiture is aimed at addressing antitrust concerns and maintaining competitive dynamics in the aircraft components market.
As part of the conditions set by the authorities, Safran will sell the specified assets to Woodward Inc. (WWD) to ensure ongoing competition in the sector.
