TransDigm to Acquire Goodrich Pump & Engine Control Systems

         TransDigm to Acquire Goodrich Pump & Engine Control Systems

PR Newswire

CLEVELAND, Oct. 25, 2012

CLEVELAND, Oct. 25, 2012 /PRNewswire/ --TransDigm Group Incorporated (NYSE:
TDG) announced today that it has entered into a definitive agreement with
United Technologies Corporation to acquire the pump & engine control
systemsbusiness of Goodrich (Goodrich Pump & Engine Control Systems or
GPECS), for approximately $236 million in cash. The acquisition, subject to
regulatory approvals and other customary closing conditions, is expected to
close late in the current calendar year or early in 2013.

GPECS, located in West Hartford, Connecticut, manufactures proprietary, highly
engineered aerospace fuel systems for the business jet, helicopter, military
and commercial marketplace. The major engine platforms include the General
Electric T700, the Honeywell T55, the Rolls-Royce M250, the Williams FJ44
family, the Turbomeca Arrius/Arriel, and the Pratt Whitney Canada 210 engines.
The Company is expected to have calendar year 2012 revenues of approximately
$195 million, with EBITDA roughly in the low teens as a percent of revenue.
Aftermarket revenues make up approximately 55% of the revenue.

GPECS designs and manufactures highly engineered electronic engine controls,
fuel metering units and main fuel pumps. The commercial market comprises
about 40% of the Company's 2012 revenues with the balance coming from the
military.

W. Nicholas Howley, Chairman and CEO of TransDigm Group Incorporated stated,
"GPECS is a long established proprietary business with significant aftermarket
content and an outstanding reputation. The highly engineered products are both
a good fit with our overall strategy and also allow us to expand our content
on a number of substantial engine applications. As with all TransDigm
acquisitions, we see opportunities for significant value creation."

About TransDigm Group

TransDigm Group, through its wholly-owned subsidiaries, is a leading global
designer, producer and supplier of highly engineered aircraft components for
use on nearly all commercial and military aircraft in service today. Major
product offerings, substantially all of which are ultimately provided to
end-users in the aerospace industry, include mechanical/electro-mechanical
actuators and controls, ignition systems and engine technology, specialized
pumps and valves, power conditioning devices, specialized AC/DC electric
motors and generators, NiCad batteries and chargers, engineered latching and
locking devices, rods and locking devices, engineered connectors and
elastomers, cockpit security components and systems, specialized cockpit
displays, aircraft audio systems, specialized lavatory components, seatbelts
and safety restraints, engineered interior surfaces and lighting and control
technology.

Forward-Looking Statements

Statements in this press release that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.Words such as "believe," "may," "will,"
"should," "expect," "intend," "plan," "predict," "anticipate," "estimate," or
"continue" and other words and terms of similar meaning may identify
forward-looking statements.

All forward-looking statements involve risks and uncertainties which could
affect TransDigm Group's actual results and could cause its 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 sensitivity of our business
to the number of flight hours that our customers' planes spend aloft and our
customers' profitability, both of which are affected by general economic
conditions; future terrorist attacks; our reliance on certain customers; the
U.S. defense budget and risks associated with being a government supplier;
failure to maintain government or industry approvals; failure to complete or
successfully integrate acquisitions; our substantial indebtedness; potential
environmental liabilities; 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 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 press release.

Contact: Liza Sabol
          Investor Relations
          (216) 706-2945
          ir@transdigm.com

SOURCE TransDigm Group Incorporated

Website: http://www.transdigm.com
 
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