Curtiss-Wright is acquiring the assets that comprise the Safran Aerosystems Arresting Co. for $240 million in cash. Safran Aerosystems, or SAA, is a designer and manufacturer of aircraft emergency arresting systems that currently sells in more than 70 countries. SAA is based in Aston, Pennsylvania, and also maintains operations in Merpins, France. The company generated sales of approximately $70 million in 2021. The acquired business will operate within Curtiss-Wright’s Naval & Power segment, and is expected to be accretive to Curtiss-Wright’s adjusted diluted earnings per share in its first full year of ownership, excluding first year purchase accounting costs.

“The acquisition of the Safran arresting systems business increases the breadth of our global defense portfolio and firmly establishes Curtiss-Wright as a leading global supplier of fixed-wing aircraft recovery and arresting systems,” said Lynn Bamford, president and CEO of Curtiss-Wright. “SAA’s technologies are a logical extension to our existing helicopter landing and recovery systems. The combination provides an opportunity to leverage our long-standing relationships with leading defense customers supporting critical defense platforms, such as the F-35, and is expected to yield significant opportunities for revenue growth, including increased foreign military sales.”