TransDigm Group, the $31 billion US aerospace supplier, set the defence industry alight when it revealed it had bought the communications and navigation division of British aerospace manufacturing company Cobham for $965 million in cash.
TransDigm, which makes components, systems and sub-systems for use on commercial and military aircraft, is looking to add a manufacturer of antenna systems as well as radio, guidance and anti-jamming equipment for use on land, sea and in the air with the purchase.
Cobham said it is expected to generate about $225 million in revenue this year.
Cobham is headquartered in the UK but has an Arizona facility and employs over 700 people.
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Other notable merger and acquisition activity in the defence sector last month included CAE’s acquisition of two flight simulation companies for a combined $120 million and Loral Space & Communications’ tie-up with Telesat Canada.