RTTNews | Jan 21, 2022 07:39AM EST

07:39 Friday, January 21, 2022 (RTTNews.com) - Curtiss-Wright Corporation (CW) has agreed to acquire the assets that comprise the Safran Aerosystems Arresting Company for $240 million. Safran Aerosystems is a designer and manufacturer of aircraft emergency arresting systems with more than 5,000 systems worldwide. The acquisition is expected to close in the third quarter.

Safran Aerosystems recorded sales of approximately $70 million in 2021. Curtiss-Wright expects the acquisition to be accretive to adjusted earnings per share in its first full year of ownership, excluding first year purchase accounting costs, and produce a free cash flow conversion rate well in excess of 100%.

Read the original article on RTTNews ( https://www.rttnews.com/3256469/curtiss-wright-to-acquire-safran-aerosystems-arresting-company-quick-facts.aspx)

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