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.
The U.S. Air Force has awarded Boeing two contract modifications totaling $2.43 billion for work supporting the E-7A program. The Potomac…
The National Oceanic and Atmospheric Administration has released a draft request for proposals for its ProTech 2.0 professional services contracting…
L3Harris Technologies has appointed Sam Mehta as president of the space and mission systems, or SMS, and communications and spectrum dominance, or…
York Space Systems has acquired Orbion Space Technology as part of a push to expand its satellite propulsion capabilities and…
DCS has secured a $95 million contract from the Air Force Research Laboratory’s Multi-Domain Sensing Autonomy Division to provide analytical…
AIX Tech has received a Defense Health Agency contract worth $225 million to provide acquisition and administrative support services for…
Diffraqtion has closed another pre-seed funding round, pushing the company’s pre-seed financing valuation to over $100 million. What Technology Is…
company’sGoogle has completed its acquisition of cloud security company Wiz, bringing the New York-based cybersecurity platform into the Google Cloud…
Anduril Industries has agreed to acquire ExoAnalytic Solutions for an undisclosed sum as part of a push to expand its…
eSimplicity announced on LinkedIn Tuesday that Richard Smith has been appointed vice president and general manager of defense and national security. What…
NASA is inviting commercial launch providers to submit proposals for an on-ramp opportunity under its up to $15 billion Launch…
Empower AI has appointed Ryan Hopper as vice president and leader of its military services business unit as it continues…
You’ve already read all related articles.
VIDEO 
