TransDigm Group Incorporated (TransDigm Group) has completed its acquisition of the Simmonds Precision Products, Inc. Business (Simmonds) of Goodrich Corporation from RTX Corporation (RTX) for approximately USD 765M in cash, including certain tax benefits. TransDigm financed the acquisition through cash on hand.
Simmonds, headquartered in Vergennes, Vermont, is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for the aerospace and defense end markets. The Company’s products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Approximately 40% of Simmonds’ revenue is derived from the aftermarket, and nearly all of its revenue is generated from proprietary products. Simmonds is expected to generate approximately USD 350M in revenue for the calendar year ending December 31, 2025. The Company employs approximately 900 people.