Author: Ramona Adams|| Date Published: March 20, 2018
TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million.
Cleveland-based TransDigm said Monday it plans to finance the deal with cash on hand and funds under a revolving credit facility.
Extant offers aftermarket-focused electronics, avionics and electromechanical products to the aerospace and defense sectors.
The company has estimated it will generate $85 million in revenue for its fiscal year ending September 2018 and that the majority of its full-year aftermarket business revenue will come from the military end market.
TransDigm is designs and produces components for military and aircraft platforms.
The Army Contracting Command-Aberdeen Proving Ground and the Capability Program Executive Enterprise Software and Service, formerly Program Executive Office Enterprise,…
LMI has been awarded a $100 million Small Business Innovation Research Phase III indefinite-delivery/indefinite-quantity contract to support life cycle logistics and…
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million.
