Tag: Aerospace Components
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Applied Aerospace & Defense Raises $650 Million in NYSE Debut
Applied Aerospace & Defense began trading on the New York Stock Exchange on Wednesday after launching an initial public offering of 32.5 million shares designed to raise approximately $650 million. The company was formed through the merger of aerospace suppliers Applied Aerospace and PCX Aerosystems, which were both previously owned by private equity firm Greenbriar…
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TransDigm to Acquire Stellant Systems for $960 Million in Cash
U.S. aerospace components maker TransDigm Group said it has agreed to acquire Stellant Systems, a manufacturer of radio frequency and microwave amplification products, in an all-cash transaction valued at $960 million, expanding its exposure to space and defence electronics. TransDigm announced the definitive agreement on Dec. 31, saying the acquisition remains subject to customary regulatory…