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.


 
 

 

Headlines November 26, 2014

News: When Hagel leaves, new SecDef faces big questions about the military’s future - President Obama’s new pick to run the Pentagon will face a dizzying set of challenges affecting the Defense Department’s mission, budget and culture. Who will be the next Secretary of Defense?- Following the Nov. 24 surprise announcement from the White House, the...
 
 

News Briefs November 26, 2014

Navy to decommission two more ships in Puget Sound The Navy recently decommissioned the guided missile frigate USS Ingraham at Everett, Wash. It will be towed to Bremerton and scrapped. The Daily Herald reports the Navy also plans to decommission another ship at the Everett homeport and also one stationed in Bremerton. Naval Station Everett...
 
 

NASA airborne campaigns tackle climate questions from Africa to Arctic

NASA photograph The DC-8 airborne laboratory is one of several NASA aircraft that will fly in support of five new investigations into how different aspects of the interconnected Earth system influence climate change. NASA photograph The DC-8 airborne laboratory is one of several NASA aircraft that will fly in support of five new investigations into...
 

 
Air Force photograph by Rick Goodfriend

16T Pitch Boom reactivated to support wind tunnel tests

Air Force photograph by Rick Goodfriend The Pitch Boom at the AEDC 16-foot transonic wind tunnel (16T) was recently reactivated. This model support system is used in conjunction with a roll mechanism to provide a combined pitch...
 
 

Northrop Grumman supports U.S. Air Force Minuteman missile test launch

Northrop Grumman recently supported the successful flight testing of the U.S. Air Force’s Minuteman III intercontinental ballistic missile weapon system. The operational flight test was conducted as part of the Air Force Global Strike Command’s Force Development Evaluation Program. This program demonstrates and supports assessment of the accuracy, availability and reliability of the...
 
 
army-detector

Scientists turn handheld JCAD into a dual-use chemical, explosives detector

Scientists at the U.S. Army Edgewood Chemical Biological Center at Aberdeen Proving Ground, Md., proved it is possible to teach an old dog new tricks by adding the ability to detect explosive materials to the Joint Chemical Age...
 




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>