TransDigm Puts Up $286M For Fellow Aircraft Parts Maker

Law360, New York (May 15, 2013, 6:10 PM EDT) -- Defense and civilian aerospace contractor TransDigm Group Inc. on Wednesday said it has agreed to buy Arkwin Industries Inc., a manufacturer of hydraulic aircraft parts, for $286 million in cash, expanding its reach on numerous platforms and engine applications.

Long Island, N.Y.-based Arkwin makes highly engineered aerospace hydraulic and fuel system components for commercial and military aircraft, helicopters and other specialty applications, according to TransDigm. TransDigm Chairman and CEO W. Nicholas Howley said that Arkwin is a good fit for its consistent product and acquisition strategy,...
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