TransDigm Group (NYSE: TDG) has closed its purchase of the electron device business of Communications & Power Industries , a TJC portfolio company, for approximately $1.38 billion in cash.
The CPI electron device business produces electronic components and subsystems for the aerospace and defense market through its manufacturing locations in California, Massachusetts and the U.K., and it has about 900 employees, TransDigm said Thursday.
The business recorded approximately $300 million in revenue for its fiscal year ended Sept. 29, 2023, with the aftermarket accounting for 70 percent of its revenue.
The transaction was first announced in November.
TransDigm used existing cash on hand and cash proceeds from the notes offerings to fund the acquisition.
TSS Solutions has named Ryan Fayrweather as SVP of growth and partnerships Fayrweather brings more than 30 years of international…
By Chuck Brooks, president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts “Ushering in the Next Frontier…
Joint Venture Firm Strategic Mission Systems secured a potential $984 million contract to continue providing modernization support for the U.S.…
,Vice Adm. Michael Vernazza, NAVIFOR commander, will keynote the 2026 Navy Summit on Aug. 27 Keynote topics may include IW…
Lockheed Martin has received a potential $35 billion contract to scale THAAD interceptor production The agreement will increase annual THAAD…
Alisa Bearfield will assume the role of president of CGI Federal in October Stephanie Mango will become EVP and chief…
CBP is gearing up to award a contract worth more than $100 million for engineering and technical support of its…
Tria Federal has added former Internal Revenue Service CIO Rajiv Uppal to its advisory board Uppal joins former Centers for…
Innovative Defense Technologies was awarded a $157.2 million Navy contract for automated testing and re-testing support The contract covers engineering,…
Shift5 has confirmed Toby Magsig as president and CEO The operational intelligence company formalized its executive leadership team The Potomac…
Boeing has secured a potential $2 billion Air Force contract for MUOS Phase II The award covers two satellites, launch…
Shield AI has finalized its purchase of Aechelon Technology three months after its initial announcement Aechelon is valued at $12.7…
You’ve already read all related articles.
VIDEO 
