TransDigm Acquisition of Simmonds Precision Products Business from RTX Corporation
Deal News | Jun 30, 2025 | PR Newswire Cision TransDigm Group Inc.
TransDigm Group Incorporated has announced a definitive agreement to acquire Simmonds Precision Products, a division of Goodrich Corporation, from RTX Corporation for approximately $765 million. This acquisition is expected to enhance TransDigm's portfolio with Simmonds' proprietary aerospace and defense technologies, including fuel and proximity sensing and structural health monitoring solutions. The deal is strategically aligned with TransDigm's objectives of bolstering its aftermarket capabilities, given that approximately 40% of Simmonds' revenue is from aftermarket activities. With Simmonds projected to generate $350 million in revenue by the end of 2025 and a workforce of around 900 employees, this acquisition is poised to strengthen TransDigm's market position in the aerospace sector. The transaction is subject to regulatory approvals and is to be financed through existing cash reserves.
Sectors
- Aerospace and Defense
- Private Equity
Geography
- United States – TransDigm is based in Cleveland, and Simmonds is headquartered in Vermont, making the U.S. central to the transaction.
Industry
- Aerospace and Defense – The acquisition involves Simmonds Precision Products, a company focused on aerospace and defense technologies, making this industry highly relevant.
- Private Equity – TransDigm Group operates with a strategy similar to private equity, focusing on acquisitions that provide equity value and return on investment.
Financials
- $765 million – The purchase price for the acquisition of Simmonds Precision Products.
- $350 million – The expected revenue to be generated by Simmonds for the calendar year ending December 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TransDigm Group Inc. | Acquirer | Company | A leading global designer and supplier of aircraft components. |
| Simmonds Precision Products, Inc. | Target Company | Company | A manufacturer of aerospace fuel and proximity sensing and structural health monitoring solutions. |
| RTX Corporation | Vendor | Company | The current owner of Goodrich Corporation, which owns Simmonds Precision Products. |
| Goodrich Corporation | Subsidiary/Division | Company | The division under RTX Corporation that holds Simmonds Precision Products. |
| Kevin Stein | CEO of TransDigm | Person | President and CEO of TransDigm, involved in the strategic direction of the acquisition. |