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Aerospace & Defense M&A image Aerospace & Defense M&A » By The Online Investor Staff, updated Fri., Mar. 29, 9:02 AM Recent mergers and acquisitions in the Aerospace & Defense M&A category.

Slide #55. Triumph Group, Inc. Goodrich Pump & Engine Control Systems

Acquirer: Triumph Group, Inc. (NYSE:TGI)
Acquiree: Goodrich Pump & Engine Control Systems
Details: Triumph Group, Inc. (NYSE:TGI) today announced the signing of a definitive agreement to acquire the pump and engine control systems business of Goodrich Corporation (Goodrich Pump & Engine Control Systems or GPECS) from United Technologies Corporation. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter. The acquired business, which will operate as Triumph Engine Control Systems, LLC and be included in the Aerospace Systems Group, is expected to add approximately $195.0 million in annual revenue and to be immediately accretive to earnings.

Triumph Group designs, engineers, manufactures, repairs, and overhauls a portfolio of aerospace and defense systems, subsystems, components, and structures. Co. provides a variety of products and services to the aerospace industry through two operating segments: Triumph Systems and Support, whose companies design, develop, and support proprietary components, subsystems, and systems; produce assemblies using external designs, and provide solutions for commercial, regional, and military aircraft; and Triumph Interiors, whose companies supply commercial, and regional manufacturers with aircraft interior systems, including air ducting and thermal acoustic insulation systems.

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Company Name: 
Triumph Group Inc.
Stock buyback: 
TGI buyback
Website: 
www.triumphgroup.com
Sector: 
Aerospace & Defense
Number of ETFs Holding TGI: 
44
Total Market Value Held by ETFs: 
$303.93M
Total Market Capitalization: 
$1.09B
% of Market Cap. Held by ETFs: 
27.81%
 

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Buy (3.33 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)

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