UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2022
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||
(216 ) 706-2960
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | Trading Symbol: | Name of each exchange on which registered: | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01. | Regulation FD Disclosure. | ||||
On May 19, 2022, Extant Aerospace (“Extant”), a wholly-owned subsidiary of TransDigm Group Incorporated (NYSE: TDG), announced that it has completed the acquisition of all the assets and license of the technical data rights pertaining to the Electromechanical Indicator product line from the operations of Astronautics Corporation of America (“Astronautics”) for approximately $27 million in cash.
| Item 9.01. | Financial Statements and Exhibits. | ||||
(d) Exhibits
The following exhibits are being filed with this Current Report on Form 8-K:
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TRANSDIGM GROUP INCORPORATED | |||||||||||
| By: | /s/ Halle Fine Martin | ||||||||||
| Name: | Halle Fine Martin | ||||||||||
| Title: | General Counsel, Chief Compliance Officer and Secretary | ||||||||||
Date: May 19, 2022
Exhibit 99.1
Extant Aerospace Announces Acquisition of Astronautics Corporation of America Electromechanical Indicator Product Line Assets and License of Intellectual Property
Melbourne, Florida, May 19, 2022 – Extant Aerospace (Extant), the leader in licensing, obsolescence management, and lifecycle sustainment services for aerospace avionics, electronics, and electromechanical products, announced today that it has completed the acquisition of all the assets and license of the technical data rights pertaining to the Electromechanical Indicator product line from the operations of Astronautics Corporation of America (Astronautics) in Oak Creek, Wisconsin for approximately $27 Million in cash.
The Electromechanical product line consists of the ADI (Attitude Direction Indicator), HSI (Horizontal Situational Indicator), and BDHI (Bearing Distance Heading Indicator). These indicators are mainly used in airborne defense platforms supporting the US Military and its partners. The product line consists of over 200 unique variants which come in 3”, 4”, and 5” display sizes.
“We are very pleased to add the Electromechanical Indicator product lines to our business portfolio and proud to have earned the confidence and trust of Astronautics’ management in Extant’s ability to sustain these systems into the future”, said Jim Gerwien-Moreta, Executive Director of Extant Aerospace.
“These products align very well with Extant’s core business focus and unique supporting infrastructure for the sustainment of complex electronic systems, and we will continue to produce and maintain the Electromechanical Indicator products with a high level of service and reliability for many years to come.”
About Extant Aerospace
Extant Aerospace (www.extantaerospace.com), a wholly-owned subsidiary of TransDigm Group Incorporated (NYSE:TDG), with headquarters in Melbourne, FL, specializes in supporting Original Equipment Manufacturers (OEMs) with product licensing, obsolescence management and reengineering, lifecycle sustainment, and counterfeit prevention services for aging, non-core electronics, avionics and electromechanical products used in various, military, business and general aviation, and commercial airline applications.
Extant’s programs and resources provide a high quality solution to the challenges that often accompany the continuing aftermarket support of these systems and components and enable OEMs to focus their resources on more current products and new product research and development. Extant is well positioned with both the technical expertise and capital resources needed to provide OEMs with immediate value for non-core assets, a timely and successful product line transition, and a continuing high level of aftermarket customer service and support.
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