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.


 
 

 

Headlines April 20, 2015

News: Sale of U.S. arms fuels the wars of Arab states - As the Middle East descends into proxy wars, sectarian conflicts and battles against terrorist networks, countries in the region that have stockpiled American military hardware are now actually using it and wanting more. U.S. spending $1 billion to reassure European allies - From Army rotations...
 
 

News Briefs April 20, 2015

Last two Raiders give congressional medal to Ohio museum The last two ìDoolittle Tokyo Raidersî have presented their Congressional Gold Medal for permanent display at a museum in southwest Ohio. The medal arrived at the National Museum of the U.S. Air Force near Dayton in a ceremonial B-25 bomber flight. The medal was awarded by...
 
 
Northrop Grumman photograph

Space Solar Power Initiative established by Northrop Grumman, Caltech

Northrop Grumman photograph Northrop Grumman’s Joseph Ensor (left) and Caltech’s Ares Rosakis (right) shake hands as part of the recent SSPI commemoration event held at the California Institute of Technology, Pasade...
 

 
Navy photograph

Triton UAS conducts first flight with search radar

Navy photograph The MQ-4C Triton unmanned aircraft takes off from Naval Air Station Patuxent River, Md., April 16, to conduct its first flight from the naval base. The aircraft began sensor testing on April 18 and flew with its...
 
 

UTC introduces active side-sticks to large commercial aviation

UTC Aerospace Systems is introducing the world’s first active side-stick controller for large commercial aircraft. UTC Aerospace Systems is a unit of United Technologies Corp. UTC Aerospace Systems’ Actuation & Propeller business unit is supplying the active side-sticks for the cockpit of the new Irkut MC-21 single aisle aircraft. The MC-21 family of aircraft will...
 
 

Boeing presents flight test 787 Dreamliner to air, space museum

Boeing, elected and community leaders joined together April 17 to celebrate the permanent display of one of the original 787-8 Dreamliner flight test airplanes at the Pima Air & Space Museum. “Boeing has a strong presence in Arizona and is proud to share this important achievement in aviation history with the community, our employees and...
 




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>