Prnewswireยท2025-06-30 13:00Core Viewpoint - TransDigm Group has announced a definitive agreement to acquire Simmonds Precision Products, Inc. from RTX Corporation for approximately $765 million in cash, which includes certain tax benefits [1][3]. Company Overview - Simmonds, based in Vergennes, Vermont, is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for aerospace and defense markets [2]. - The company generates about 40% of its revenue from the aftermarket, with nearly all revenue coming from proprietary products [2]. - Simmonds is projected to generate approximately $350 million in revenue for the calendar year ending December 31, 2025, and employs around 900 people [2]. Strategic Fit - The acquisition aligns with TransDigm's strategy of investing in highly engineered, proprietary products with substantial aftermarket content [3]. - Simmonds holds established positions across various commercial and defense platforms, making it an industry leader in its technology [3]. - TransDigm anticipates that this acquisition will create equity value consistent with its long-term private equity-like return objectives [3]. Financing and Regulatory Aspects - The acquisition is expected to be financed through existing cash on hand [3]. - It is subject to regulatory approvals in the United States and customary closing conditions [3].