Business

October 26, 2012

TransDigm to acquire Goodrich Pump & Engine Control Systems

TransDigm Group Incorporated has entered into a definitive agreement with United Technologies Corporation to acquire the pump & engine control systems business of Goodrich (Goodrich Pump & Engine Control Systems, for approximately $236 million in cash.

The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close late in the current calendar year or early in 2013.

“GPECS is a long established proprietary business with significant aftermarket content and an outstanding reputation,” said W. Nicholas Howley, chairman and CEO of TransDigm Group. “The highly engineered products are both a good fit with our overall strategy and also allow us to expand our content on a number of substantial engine applications. As with all TransDigm acquisitions, we see opportunities for significant value creation.”

GPECS, located in West Hartford, Conn., manufactures proprietary, highly engineered aerospace fuel systems for the business jet, helicopter, military and commercial marketplace. The major engine platforms include the General Electric T700, the Honeywell T55, the Rolls-Royce M250, the Williams FJ44 family, the Turbomeca Arrius/Arriel, and the Pratt Whitney Canada 210 engines. The Company is expected to have calendar year 2012 revenues of approximately $195 million, with EBITDA roughly in the low teens as a percent of revenue. Aftermarket revenues make up approximately 55 percent of the revenue.

 




All of this week's top headlines to your email every Friday.


 
 

 
LM-facility

Lockheed Martin opens Surface Navy Innovation Center

Lockheed Martin has opened the Surface Navy Innovation Center in Moorestown, N.J., to support the development of new technologies for the U.S. Navy. The SNIC is a research, development and demonstration facility that brings tog...
 
 
raytheon-test

Raytheon successfully demonstrates integrated electronic warfare capabilities

EL SEGUNDO, Calif. –┬áRaytheon, in collaboration with the U.S. Navy, successfully demonstrated an end to end, first of its kind, integrated electronic attack system during flight tests at the Naval Air Weapons Station Chi...
 
 
kmax

K-MAX Helicopter, Indago Quad Rotor demonstrate firefighting capability

https://www.youtube.com/watch?feature=player_embedded&v=53cBlCfLpZg A team of Lockheed Martin and Kaman unmanned aircraft successfully demonstrated its ability to aid in firefighting operations. During the demonstration, t...
 

 
boeing-787

Boeing ecoDemonstrator 787 tests innovations for more efficient air travel

The Boeing ecoDemonstrator 787 has begun flight testing more than 25 new technologies aimed at improving aviation’s environmental performance through every phase of flight. The Boeing ecoDemonstrator Program accelerates t...
 
 

Northrop Grumman to upgrade U.S. Air Force, Marine Corps LITENING advanced targeting systems

Northrop Grumman has received an award of $116 million to upgrade AN/AAQ-28(V) LITENING Advanced Targeting Systems for the United States military. Under the terms of the existing indefinite delivery/indefinite quantity contract, Northrop Grumman will provide upgrades and spares to the Air Force, Air Force Reserve, Air National Guard and Marine Corps. This award will bring...
 
 

GA-ASI advances sense, avoid capability with two new test flights

General Atomics Aeronautical Systems, Inc. Nov. 20 announced two key technological advances related to its ongoing Sense and Avoid system development efforts. GAASI is a leading manufacturer of Remotely Piloted Aircraft systems, radars, and electro-optic and related mission systems solutions. In collaboration with the Federal Aviation Administration and Honeywell, GA-ASI tested a proof-of-conc...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>