French industrial giant Safran intends to pursue plans to find a partner to bolster its aircraft systems business, even though Zodiac Aerospace rebuffed a merger offer a few weeks ago. “There is a worldwide trend toward globalizing the Tier 1 supply base,” Safran Chairman/CEO Jean-Paul Herteman says. The proposed linkup with systems supplier Zodiac would be a big step toward that end, as together the two companies share the same customer base and would be able to provide 75% of the ...

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