Eaton to sell division to Safran for $270 million

Reuters

2014/01/20 | 77 words | AVIATION WORLD NEWS | INDUSTRY / TECHNOLOGY
Eaton to sell division to Safran for $270 million © Eaton Aerospace

Eaton Corp (ETN.N) on Monday said it would sell its aerospace power distribution unit to Safran SA (SAF.PA) for $270 million, in a deal that is expected to close in the first half of 2014.

The division makes switches and power distribution items for use in aerospace systems, including cockpits, Eaton said in a statement. The unit had sales of about $102 million in 2013.

Shares of Eaton closed Friday at $76.85.

(Reporting by Ryan Vlastelica; Editing by Chizu Nomiyama)

Aviation and aerospace newsletter

Sign up for free
to the weekly newsletter!

In the same theme:


Safran Helicopter Engines and ZF Aviation Technology strengthen partnership within the European engine market
2020/07/30 | AEROCONTACT | INDUSTRY / TECHNOLOGY

Safran Helicopter Engines and  ZF Aviation Technology have signed today a Memorandum of Agreement (MoA) strengthening their collaboration to offer a turboprop eng...


Boeing Advances Environmental Leadership
2020/07/30 | AEROCONTACT | INDUSTRY / TECHNOLOGY

Boeing today released its 2020 Global Environment report, highlighting how the company is sustainably designing and building products, while conserving resou...


Lockheed Martin Technology Protects NASA's Mars 2020 Mission
2020/07/30 | AEROCONTACT | INDUSTRY / TECHNOLOGY

Lockheed Martin developed the technology behind the aeroshell that will protect NASA's newest Mars rover, Perseverance, and deploy the first-ever Mars helicopter. ...

See also:


2020/09/10 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

If planes flew in formation like wild geese they might use five to 10 percent less fuel, European aircraft maker Airbus said Wednesday as it signed up to test the ide...


2020/09/09 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

China's biennial airshow will be held as scheduled in November, organisers insisted late Wednesday, backtracking on an earlier statement that said the coronavirus had ...


Boeing says new problem to delay deliveries of 787 Dreamliner
2020/09/09 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Boeing said Tuesday it has found a new production issue that will impact deliveries of its 787 Dreamliner, in the latest blow to the aviation giant."We are taking tim...