TransDigm Group has officially closed its $765 million cash acquisition of the Simmonds Precision Products business from RTX, further strengthening its position in the aerospace and defense industry. The Cleveland, Ohio-based aircraft components manufacturer said Monday the transaction, initially announced on June 30, includes certain...
TransDigm Group has agreed to acquire Simmonds Precision Products from defense contractor RTX for approximately $765 million in cash. TransDigm said the transaction is subject to U.S. regulatory approvals and other customary closing conditions and is expected to be financed through existing cash on hand. Kevin Stein, president and CEO of TransDigm, ...
Mike Lisman has been selected as the next president and CEO of the TransDigm Group, succeeding Kevin Stein, who will officially retire on Sept. 30. The Cleveland-based company specializing in engineered aircraft components said Tuesday Stein will remain an adviser until March 31, 2026, to guide Lisman through the transition. He will also c...
TransDigm Group (NYSE: TDG) has finalized its acquisition of Raptor Scientific for approximately $655 million in cash. The Cleveland, Ohio-based aircraft component supplier said Wednesday Raptor Scientific, a portfolio company of L Squared Capital Partners, is a global manufacturer of test and measurement products for aerospace and defense end marke...
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 Cali...
Cerberus Capital Management has purchased Calspan’s hypersonic and defense test systems business units from TransDigm Group (NYSE: TGD) for an undisclosed sum and formed an independent entity that will focus on delivering hypersonic test infrastructure and services to U.S. government and commercial clients. North Wind will be based in St. Paul, Mi...
TransDigm Group (NYSE: TDG) has agreed to acquire the electron device business of Communications & Power Industries, a portfolio company of TJC, in a cash transaction worth approximately $1.39 billion. The CPI subsidiary has 900 employees and manufactures proprietary electronic components and subsystems for various aerospace and defense platform...
TransDigm Group (NYSE: TDG) has appointed company veterans Mike Lisman and Joel Reiss as co-chief operating officers to succeed Jorge Valladares, who has held the COO post since 2019. Valladares is set to retire as COO at the end of TransDigm’s 2023 fiscal year and has joined the company’s board of directors, the Cleveland-based aircraft...
TransDigm Group (NYSE: TDG) has completed the acquisition of aerospace and defense systems testing company Calspan through an approximately $725 million transaction that includes certain tax benefits. Calspan, which owns a transonic wind tunnel facility, is projected to generate $200 million in 2023 revenue, Transdigm said Monday. The Buffalo,...
Aircraft components maker TransDigm Group (NYSE: TDG) has agreed to acquire Calspan, a technology development and testing services provider headquartered in Buffalo, New York. Cleveland-headquartered TransDigm said it expects to use cash on hand to finance the acquisition and close the transaction during its 2023 fiscal year. Calspan has approximate...
