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TransDigm (TDG +2.4%) ticks higher today after agreeing to buy GE (GE +1%) Aviation's...

TransDigm (TDG +2.4%) ticks higher today after agreeing to buy GE (GE +1%) Aviation's electromechanical actuation division for around $150M in cash. The division will operate under the new entity Whippany Actuation Systems, and will manufacture aerospace motion control subsystems for civil and military applications featured in the Airbus 380, Boeing 737NG and 777, and Embraer regional jets, as well as military planes including the Sikorsky SH-60 and Boeing CH-47.
Comments (2)
  • techman05
    , contributor
    Comments (10) | Send Message
     
    I thought that would have been one of the good chunks. I thought their financing was on the way out but production wasn't. I apparently missed the post evaluating this business decision.

     

    Feels like it came out of the blue.
    21 Jun 2013, 08:35 PM Reply Like
  • joegillam
    , contributor
    Comments (253) | Send Message
     
    Yea, anything or anybody that has Boeing, Airbus, Embraer and Sikorsky as customers might just be good to hold onto. Don't understand the sale. Last time I peeked in the books GW had surplus cash on hand. Will be interesting to follow this.
    22 Jun 2013, 08:41 PM Reply Like
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