1. Safran agreed to acquire Zodiac Aerospace in a deal valued at EUR8.5 billion ($9.1 billion) 2. Deal makes Safran the third largest aerospace supplier behind GE Aviation and United Technologies Corp 3. The continuing ramp-up in airliner production rates caused delivery issues for the company over the past few years 4. Zodiac has expanded production lines at its operations in North America and Europe in order to meet demand.
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