TRS - TriMas To Acquire RSA Engineered Products For Aerospace Tech
Quick Take
TriMas (TRS) has announced the proposed acquisition of RSA Engineered Products for an undisclosed amount.
RSA has developed highly engineered aerospace ducting components used in propulsion systems in civilian and military aircraft.
With the deal, TRS is expanding its aerospace offerings, addressable markets; however, TRS has missed consensus earnings estimates for the past two quarters and the stock appears fully valued, so my current bias is NEUTRAL.
Target Company
Simi Valley, California-based RSA was founded to manufacture air ducting products used in a variety of aerospace applications
Below is an overview