:

Business/Financial

TransDigm Selling Visualization Solutions Businesses to Private Equity Firm

By Cal Biesecker

Tuesday, March 2nd, 2021

SHARE:

TransDigm Selling Visualization Solutions Businesses to Private Equity Firm

Thin lightweight displays provided by TransDigm's ScioTeq business unit. Photo: TransDigm

TransDigm Group Inc. [TDG] on Monday said it has agreed to sell two business units involved in providing advanced visualization solutions for global defense, air traffic control and security end markets to the private equity firm OpenGate Capital for $200 million. TransDigm acquired the ScioTeq and TREALITY Simulation Visual Systems businesses as part of its $4 billion acquisition of Esterline Technologies in 2019. The two business units have about 450 employees combined and generated about $135 million in sales for…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]