TRANSDIGM GROUP INC : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
March 14, 2022 at 08:37 am EDT
Share
Item 7.01. Regulation FD Disclosure.
On March 14, 2022, TransDigm Group Incorporated ("TransDigm Group") issued a
press release (the "Press Release") announcing its definitive agreement to
acquire DART Aerospace ("DART" or the "Company") for approximately $360 million
in cash. A copy of this press release is furnished with this Current Report as
Exhibit 99.1 and is incorporated herein by reference.
DART Aerospace is headquartered in Montreal, Quebec. The Company is a leading
provider of highly engineered, unique helicopter mission equipment solutions
that predominantly service civilian aircraft. DART is expected to generate
approximately $100 million in pro forma revenues for the calendar year ending
December 31, 2022. Approximately 95% of DART's revenues are derived from
proprietary products and about 80% of DART's revenues comes from the
aftermarket. The products have a strong presence across major commercial
rotary-wing platforms as well as select applications for defense and safety
services. The Company employs approximately 400 people and operates from four
primary facilities in Hawkesbury, Ontario; Portland, Oregon; Fort Collins,
Colorado and Chihuahua, Mexico. The acquisition, which is expected to close
during the second calendar quarter of 2022, is subject to regulatory approvals
and customary closing conditions. The acquisition will be financed through
existing cash on hand.
The information in this Item 7.01 on Form 8-K and in Exhibit 99.1 shall not be
deemed "filed" for purposes of Section 18 of the exchange Act of 1934 (the
"Exchange Act"), nor shall it be deemed incorporated by reference in filings
under the Securities Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being filed with this Current Report on Form 8-K:
Exhibit No. Description
99.1 Press Release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
TransDigm Group Inc. specializes in the design, manufacturing and marketing of aerospace systems and components. Net sales break down by family of products as follows:
- engine components and control systems (50.3%): mechanical and electromechanical actuators and control systems, pumps and engine control systems, power regulators, ignition systems, thermal management systems, fluid management systems, batteries and power supply systems, motion sensors, data recording, analysis and processing systems, etc. The group also offers winches, lifting systems and cargo handling systems;
- cabin systems and equipment (47%): cockpit safety components and systems, locking systems and devices, connectors, audio control systems, specialized sanitary equipment, seat belts and safety devices, interior fittings (seats, display systems, on-board entertainment systems, etc.) lighting systems, parachutes, freight delivery systems, etc. ;
- other (2.7%): non-aeronautical systems and equipment.
At the end of September 2023, the group operated approximately 100 production sites worldwide.
The United States accounts for 64.8% of net sales.
TRANSDIGM GROUP INC. 
