TransDigm [TDG] on Wednesday said it has completed its $286 million cash acquisition of Arkwin Industries, giving it new products and additional aftermarket exposure.
New York-based Arkwin, which had $95 million in sales last year, manufactures proprietary aerospace hydraulic and fuel system components for commercial and military aircraft. The major commercial aircraft its components are used on include the Boeing [BA] 737 and 777 jetliners, the Airbus 330 aircraft, and Bombardier and Embraer regional jets. Military aircraft that use Arkwin’s products include the F-35 Joint Strike Fighter, F-16 and F/A-18 fighter aircraft, the C-130 transport plane, and the CH-47, SH-60, S-76 and S-92 helicopters.
Commercial and military-related sales are evenly split and the aftermarket accounts for about 40 percent of Arkwin’s business.