Rome has given the greenlight to Safran's takeover of Microtecnica from RTX after concerns over the supply of components to defense programs were addressed.
RTX subsidiary Collins Aerospace has initiated a $200 million investment to expand manufacturing at a carbon brake production site in Spokane, Washington.
RTX’s sales and net profit beat Wall Street’s expectations in the first quarter on the back of strong demand for both its commercial and defense products.
Two-thirds of Europe’s Clean Aviation research projects are focused on more sustainable advanced propulsion technologies for service entry in the mid-2030s.
Safran may take the Italian government to court after Rome blocked its purchase of Collins Aerospace's actuation and flight control systems business from RTX.
The Italian government is exercising its “Golden Power” to thwart the deal, citing the unit’s continued support for the multi-nation Eurofighter program.