What Happened
Aerospace Supplier Expands Portfolio With Specialty Metals
TransDigm Group has announced a $1 billion cash acquisition of Prince & Izant, a provider of brazing alloys and specialty metal components for the aerospace and defense industries. The move is expected to expand TransDigm’s portfolio and strengthen its position in the market. Additionally, Collins Aerospace has secured a $332.6 million contract with the U.S. Defense Logistics Agency for Joint Helmet Mounted systems. The news was first reported by Aviation Week.