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Safran SA (OTC: SAFRY) is reportedly in negotiations with Raytheon Technologies Corp (NYSE: RTX) for its flight control unit at the beginning of June. Safran is nearing an ~$1.8 billion deal to acquire Raytheon’s unit that makes flight controls for aircraft, helicopters, and missiles, Reuters reported citing a knowledgeable source. Raytheon will be relieved of a low-margin business inherited from its $120 billion merger with United Technologies three years ago, while Safran will strengthen its p

United technologiesRaytheon technologies corpBenzinga proSafran nears agreementPurchase raytheonFlight control businessUnited technologiesFlight controlsKnowledgeable source