TransDigm Group (TDG) Company Report

TransDigm Group agrees to acquire Jet Parts Engineering and Victor Sierra Aviation from Vance Street Capital for $2.2 billion.
Jet Parts Engineering is a leading independent designer and manufacturer of proprietary aerospace aftermarket solutions, serving commercial, regional and cargo airlines as well as MRO providers.
Victor Sierra Aviation offers a complete line of proprietary PMA and OEM-aftermarket parts for general and business aviation through brands including McFarlane Aviation and Tempest Aero Group.
The transaction aligns with TransDigm’s strategic focus on expanding its portfolio of highly engineered aerospace components in the aftermarket segment.
Harris Williams and Paul Hastings acted as advisors to the sellers, and Baker Hostetler served as legal advisor to TransDigm.

1 day ago

Press Release

TransDigm Group to acquire Jet Parts Engineering and Victor Sierra Aviation

TDG

M&A

TransDigm Group enters a definitive agreement to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for $2.2 billion in cash, including certain tax benefits.
Jet Parts Engineering (JPE) is a Seattle-based designer and manufacturer of proprietary PMA aftermarket parts, employing approximately 300 people across the U.S. and U.K..
Victor Sierra Aviation Holdings (VSA) offers PMA and other aftermarket parts for general and business aviation—through brands like McFarlane Aviation and Tempest Aero—and employs around 400 staff at facilities in Kansas, North Carolina, Illinois, and satellite locations.
The combined companies generated $280 million in revenue for the calendar year ended December 31, 2025; the acquisition is subject to U.S. regulatory approvals and customary closing conditions.

1 day ago

8-K

TransDigm Group acquires Jet Parts Engineering and Victor Sierra Aviation

TDG

M&A

TransDigm Group agreed to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for approximately $2.2 billion in cash, including certain tax benefits.
The two companies collectively generated $280 million in revenue for the calendar year ended December 31, 2025, with nearly 100% derived from the commercial aftermarket.
Jet Parts Engineering (300 employees) and Victor Sierra Aviation (400 employees) will operate independently under TransDigm, bolstering its portfolio of proprietary PMA aftermarket parts.
The transaction remains subject to U.S. regulatory approvals and customary closing conditions.

1 day ago

Press Release

TDG Gold extends southern limits of Aurora Complex mineralization

TDG

New Projects/Investments

Drill hole TDG25-013 intersected 1.25 g/t Au, 2.2 g/t Ag, 0.33% Cu over 128.7 m, including 1.44 g/t Au, 2.4 g/t Ag, 0.37% Cu over 103.5 m, extending Aurora West mineralization 100 m south of previous limits.
Visual sulphide mineralization (pyrite and chalcopyrite) was observed 500 m north of the defined Aurora West Zone in hole TDG25-020, with assays pending.
2026 winter drilling program is mobilizing on schedule to complete paused holes and target extensions of the Aurora West Zone, the broader Aurora Complex, and the near-surface Shasta MRE area.

5 days ago

Press Release

TransDigm Group to acquire Stellant Systems from Arlington Capital for $960 Million

TDG

M&A

TransDigm Group (NYSE: TDG) will purchase Stellant Systems, a designer and manufacturer of RF and microwave amplification products, from Arlington Capital Partners for $960 million.
Stellant operates across four U.S. facilities totaling over 700,000 sq ft of manufacturing space and employs approximately 950 people.
The transaction is expected to close in 2026, subject to customary regulatory approvals and closing conditions.

Dec 31, 2025, 1:45 PM

Press Release

TransDigm to acquire Stellant Systems for $960M

TDG

M&A

TransDigm will acquire Stellant Systems for $960 million in cash, including tax benefits, subject to closing conditions and U.S. regulatory approvals.
Stellant is projected to generate about $300 million in 2025 revenue, with nearly half from proprietary aftermarket products.
The deal supports TransDigm’s acquisitive strategy to expand high-margin defense, space and satellite components and is expected to create long-term equity value.
Independent metrics flag potential stress: TransDigm’s Altman Z-Score is 1.96, placing it in a ‘grey area’ for financial distress.
Investors valued TransDigm at roughly $74 billion following the announcement, noting its leverage and $691.76 million of insider selling over the past year.

Dec 31, 2025, 1:38 PM

Morningstar

TransDigm acquires Stellant Systems

TDG

M&A

TransDigm Group entered into a definitive agreement to acquire Stellant Systems, Inc. for approximately $960 million in cash, including certain tax benefits.
Stellant is a designer and manufacturer of high-power electronic components and subsystems for the aerospace and defense markets, expected to generate $300 million in revenue for the calendar year ending December 31, 2025, with 50% aftermarket content and nearly all revenue from proprietary products; the company employs about 950 people across four U.S. manufacturing sites.
The acquisition, designed to add high-margin, proprietary products to TransDigm’s portfolio and support its long-term private equity–style return objectives, is subject to U.S. regulatory approvals and customary closing conditions.

Dec 31, 2025, 1:33 PM

8-K

TransDigm acquires Stellant Systems

TDG

M&A

TransDigm entered into a definitive agreement to acquire Stellant Systems, Inc. for approximately $960 million in cash, including tax benefits.
Stellant is a leading designer and manufacturer of high-power electronic components and subsystems for aerospace and defense, with roughly 50% of revenue from the aftermarket and nearly all from proprietary products.
Stellant is projected to generate about $300 million in revenue for the calendar year ending December 31, 2025, operates four manufacturing sites, and employs around 950 people.
The deal is subject to customary U.S. regulatory approvals and aligns with TransDigm’s strategy of acquiring aftermarket-focused, proprietary businesses to drive long-term value.

Dec 31, 2025, 1:30 PM

Press Release

TransDigm reports Q4 2025 results and FY26 guidance

TDG

Earnings

Guidance Update

M&A

In Q4, TransDigm’s EBITDA margin was 54.2%, with commercial OEM revenue +7%, aftermarket +11%, defense +16%; generated >$500 M in operating cash flow and ended with >$2.8 B cash ($2 B pro forma Simmons)
Fiscal 2025 revenue and EBITDA as defined margins surpassed guidance; full-year channel growth: OEM –1%, aftermarket +10%, defense +13%
Fiscal 2026 guidance: revenue $9.85 B (+12%), EBITDA $5.15 B (+8%) at 52.3% margin, and adjusted EPS $37.51
FY25 capital allocation: ~$7 B deployed to M&A (Servotronics, Simmons Precision, ~$300 M tuck-ins) and shareholder returns (special dividend $90/share, $600 M share repurchases), leaving net debt/EBITDA at 5.8×
Recent acquisitions are expected to dilute margins by ~200 bps, but adjusting for M&A and mix headwinds, the core business delivered 0.5–1.5% annual margin expansion; M&A pipeline remains aerospace-focused and disciplined

Nov 12, 2025, 4:00 PM

Transcript

TransDigm reports Q4 FY2025 results

TDG

Earnings

Guidance Update

Q4 FY2025 revenue of $2,437 million, up from $2,185 million YoY; EBITDA As Defined of $1,320 million (54.2% margin) and adjusted EPS of $10.82.
Full-year FY2025 revenues of $8,831 million, up from $7,940 million; FY2025 adjusted EPS of $37.33, up from $33.99 in FY2024.
Q4 2025 pro forma revenue growth by market: Commercial OEM +7%, Commercial Aftermarket +11%, Defense +16%.
Fiscal 2026 guidance: revenues of $9.75 billion–$9.95 billion, adjusted EPS of $36.49–$38.53, with expected market growth in Commercial OEM (high single- to mid-teens), Commercial Aftermarket (high single-digit) and Defense (mid to high single-digit).