TRANSDIGM GROUP INC : Regulation FD Disclosure (form 8-K)
December 13, 2021 at 03:43 pm EST
Share
Item 7.01. Regulation FD Disclosure.
On December 13, 2021, TransDigm Group Incorporated (the "Company") issued a
Press Release regarding a report issued by the Inspector General Department of
Defense ("DoD") on its audit of TransDigm and select firm-fixed price contracts
between the DoD and TransDigm businesses.
A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
The information included in this Current Report on Form 8-K under this Item 7.01
(including Exhibit 99.1), is being furnished to the U.S. Securities and Exchange
Commission and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that section, and shall not be deemed to be
incorporated by reference into any filing made by the Company under the
Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by a specific reference in such filing.
Forward-Looking Statements
All forward-looking statements involve risks and uncertainties that could cause
TransDigm Group's actual results to differ materially from those expressed or
implied in any forward-looking statements made by, or on behalf of, TransDigm
Group. These risks and uncertainties include but are not limited to: the impact
that the COVID-19 pandemic has on the TransDigm Group's business, results of
operations, financial condition and liquidity; the sensitivity of TransDigm
Group's business to the number of flight hours that its customers' planes spend
aloft and its customers' profitability, both of which are affected by general
economic conditions; future geopolitical or other worldwide events;
cyber-security threats, natural disasters and climate change-related events;
TransDigm Group's reliance on certain customers; the U.S. defense budget and
risks associated with being a government supplier including government audits
and investigations; failure to maintain government or industry approvals;
failure to complete or successfully integrate acquisitions; TransDigm Group's
indebtedness; potential environmental liabilities; liabilities arising in
connection with litigation; climate-related regulations; increases in raw
material costs, taxes and labor costs that cannot be recovered in product
pricing; risks and costs associated with TransDigm Group's international sales
and operations; and other factors. Further information regarding the important
factors that could cause actual results to differ materially from projected
results can be found in TransDigm Group's Annual Report on Form 10-K for the
fiscal year ended September 30, 2021 and other reports that TransDigm Group or
its subsidiaries have filed with the Securities and Exchange Commission. Except
as required by law, TransDigm Group undertakes no obligation to revise or update
the forward-looking statements contained in this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being furnished 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. 
