TDG - TransDigm to acquire Calspan terms remain undisclosed

2023-03-14 08:43:02 ET

• TransDigm ( NYSE: TDG ) entered into a definitive agreement to acquire Buffalo, NY headquartered Calspan, independent provider of highly engineered testing and technology development services and systems primarily for the aerospace & defense industry.
• Calspan is expected to generate ~$200M in revenue for calendar year ending Dec.31, 2023.
• "We see opportunity for TransDigm's proven operating model to enhance the Company's established positions across a diverse range of aftermarket-focused aerospace & defense development and testing services. As with all TransDigm acquisitions, we expect the Calspan acquisition to create equity value in-line with our long-term private equity-like return objectives," President and CEO Kevin Stein commented.
• The acquisition is expected to close during TransDigm's FY23 and will be financed through existing cash on hand.

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