Aerospace & Defense M&A » By The Online Investor Staff, updated Sun., May. 12, 1:13 AM
Recent mergers and acquisitions in the Aerospace & Defense M&A category.
Slide #52. 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 completion of the previously announced acquisition of the pump and engine control systems business of Goodrich Corporation (Goodrich Pump & Engine Control Systems or GPECS) from United Technologies Corporation. The acquired business will continue to be led by Alec Searle and will operate as Triumph Engine Control Systems, LLC and be included in the Aerospace Systems Group. The business is expected to add approximately $195.0 million in annual revenue and to be immediately accretive to earnings in fiscal year 2014. |
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: |
48 |
Total Market Value Held by ETFs: |
$288.67M |
Total Market Capitalization: |
$1.08B |
% of Market Cap. Held by ETFs: |
26.68% |
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May 12, 2024 1:13 AM Eastern
Strong Buy (3.78 out of 4)
71st percentile
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