TransDigm Group Incorporated has agreed to acquire Stellant Systems, Inc. for $960 million in cash. Stellant, a maker of high-power electronic components for aerospace and defense, is expected to generate around $300 million in revenue for the year. CEO Mike Lisman is excited about the acquisition, stating that Stellant’s products align well with TransDigm’s business strategy and will create equity value in line with their long-term objectives. The deal is seen as a strategic move to enhance TransDigm’s aftermarket revenue and strengthen its position in the industry.

Read more at Nasdaq: TransDigm Group To Buy Stellant Systems For $960 Mln In Cash