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.
H55 has secured almost $50 million from investors including RTX Ventures for infrastructure at plants in Switzerland and Montreal and a subsidiary in Toulouse.