TransDigm Group Incorporated (TransDigm Group) has announced the successful completion of its acquisition of Simmonds Precision Products, Inc. (Simmonds) from Goodrich Corporation, a subsidiary of RTX Corporation (RTX), for approximately USD 765 million in cash, including certain tax benefits. The acquisition was financed through TransDigm’s existing cash reserves.
Headquartered in Vergennes, Vermont, Simmonds is a global leader in the design and manufacturing of fuel and proximity sensing and structural health monitoring solutions for the aerospace and defense sectors. Its products are highly engineered, proprietary components with strong aftermarket demand and widespread adoption across major aerospace and defense platforms.
Simmonds generates approximately 40% of its revenue from the aftermarket, with nearly all sales stemming from proprietary products. The company is expected to achieve around USD 350 million in revenue for the calendar year ending December 31, 2025, and employs approximately 900 people.