Business

June 24, 2013

TransDigm to acquire GE Aviation’s Electromechanical Actuation Business

TransDigm Group Incorporated announced June 21 that it has entered into a definitive agreement to acquire the assets of GE Aviation’s Electromechanical Actuation Division, for approximately $150 million in cash.

The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close around the end of the third quarter fiscal 2013.

The business, which will be conducted by TransDigm through a new entity, Whippany Actuation Systems, LLC (Whippany), located in Whippany, N.J., manufactures proprietary, highly engineered aerospace electromechanical motion control subsystems for civil and military applications. Product offerings include control electronics, motors, high power mechanical transmissions and actuators.  The major commercial end-use platforms include the Airbus 380, Boeing 737NG and 777, and Embraer regional jets.  The major military end-use platforms include Sikorsky SH-60 and S-92; Boeing CH-47, and Global Hawk. Whippany’s revenues are estimated to be approximately $80 million with aftermarket accounting for 40 percent of the revenues and the commercial market comprising about 50 percent of the revenues.

“The business fits well with our consistent strategy of acquiring proprietary aerospace businesses with significant aftermarket content,” said W. Nicholas Howley TransDigm chairman and CEO. “Its’ products are on a number of commercial platforms with OEM and aftermarket growth opportunities.  As a result, when combined with a softer military outlook, we expect the commercial content to rise as a percent of total revenue.  Additionally, these highly engineered products will allow us to expand our content on a number of substantial platforms, and fit well with the TransDigm portfolio of products.  As with all TransDigm acquisitions, we see opportunities for significant value creation.”

 




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. – Raytheon, 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>