TransDigm Pays Metalmark $250M For Parachute Maker

Law360, New York (December 2, 2013, 3:01 PM EST) -- TransDigm Group Inc., a supplier of components for military and commercial aircraft, has agreed to buy parachute maker Airborne Systems Inc. from Metalmark Capital for $250 million, the buyer said Monday.

TransDigm Chairman and CEO W. Nicholas Howley called Airborne a unique asset in the aerospace industry as well as a worldwide market and technology leader in military personnel parachutes, guided aerial cargo and payload delivery systems and related products.

“The company's wide range of proprietary products, broad international customer base and recurring stream of upgrade...
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