Safran nears $1.8 billion deal to acquire Raytheon's flight controls unit-source

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French aerospace engine maker Safran SA is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp unit that makes flight controls for aircraft, helicopters and missiles, according to a person familiar with the matter. The deal rids Raytheon of a low-margin business it inherited from its $120 billion merger with United Technologies three years ago, while expanding Safran's foothold in flight controls against rivals such as Moog Inc, Eaton Corp, Woodward Inc and Parker-Hannifin Corp.
 
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