TransDigm Inc http://www.alacrastore.com/company-snapshot/TransDigm_Inc-3758649 Friday, January 09, 2009 5:32:12 AM 3758649 TransDigm Inc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/348099bir/348099normTransdigm Inc.AerocontrolexUnited StatesManufacturing: Manufactures pumps and pumping equipment; manufactures alkaline cell storage batteries; manufactures air and gas compressors; manufactures relays & industrial controls; manufactures fluid power valves & hose fittings; manufactures industria356136913563362534923339113329123339123353143359112415AB12/18/2008 9:36:27 AM348099Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/fitch/452578_pr_framefitch/452578_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.TransDigm Group IncDRS Technologies, Inc.Engineered Support Systems, Inc.The Boeing CompanyUnited Technologies CorporationTransDigm IncHoneywell International Inc.Textron Financial CorporationTextron, Inc.Rockwell Collins, Inc.Finmeccanica Finance S.A.Finmeccanica SpANorthrop Grumman CorporationAlliant Techsystems, Inc.Bombardier Inc.Goodrich CorporationRaytheon CompanyL-3 Communications CorporationLockheed Martin CorporationGeneral Dynamics Corporation80360708800890538009094885334273800904568165892082478723800911488082817980361716831828528009054283182846804205688036150280089288800917568009118280417179823213118009107212/9/2008 10:17:00 AM01070000010102000103060001030000010101000100000001031500010400000101020785Press ReleaseFNCATKTDGGDBAGRRTNCOLUTXTXTBBD.BNOCHONLMT452578_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/83185spcred/83185normThe latest News from S&Pglobalstructured12/9/2008 2:58:36 AM100News83185United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsNewsNY -- Standard&Poor's CreditWire 11/20/98 -- Standard&Poor's today assigned its single-'B'-plus rating to TransDigm Inc.'s corporate credit and $140 million bank credit facilities, and its single-'B'-minus rating to the company's $100 million senior subordinated notes due 2008 offered under Rule 144A with registration rights. The outlook is stable. Proceeds of the notes and bank borrowings will be used to finance the recapitalization of the firm and to repay existing indebtedness. TransDigm's ratings reflect its participation in the cyclical and competitive commercial aerospace industry, a relatively small scale of operations (revenues about $110 million), a fairly heavy debt load, and a highly leveraged balance sheet. Those factors overshadow the firm's leading positions in niche markets and strongUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/601446spcred/601446normThe latest Summary from S&Pglobalstructured12/9/2008 2:58:00 AM175Summary601446United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsSummaryThe ratings on TransDigm Inc. reflect a highly leveraged balance sheet, the cyclical and competitive pressures of the commercial aerospace industry, and an active acquisition program, but incorporate the firm's leading positions in niche markets and very strong profit margins. TransDigm is a well-established supplier of highly engineered aircraft components for nearly all commercial and military airplanes as well as engines. In February 2007, TransDigm Group Inc. (not rated), the company's ultimate parent, completed the $430 million debt-financed acquisition of Aviation Technologies Inc. (ATI), a leading supplier of flight deck and passenger audio systems, cabin lighting, and power control products to the commercial aerospace (80%) and military (20%) markets. Although the acquisition results in weaker credit protection measures, with debtUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZSUMMARYGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/570840spcred/570840normThe latest Full Report from S&Pglobalstructured12/9/2008 2:57:51 AM400Full Report570840United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsFull ReportHigh operating margins; and Leading positions in niche markets. High debt leverage; Absolute level of revenues and earnings are modest; Active acquisition program; and Participation in the cyclical commercial aerospace market. The ratings on TransDigm Inc. reflect a highly leveraged balance sheet, the cyclical and competitive pressures of the commercial aerospace industry, an active acquisition program, and a relatively modest scale of operations (around $575 million revenues), but incorporate the firm's leading positions in niche markets and very strong profit margins. TransDigm is a well-established supplier of highly engineered aircraft components for nearly all commercial and military airplanes as well as engines. In February 2007, TransDigm Group Inc. (not rated), the company's ultimate parent, acquired Aviation Technologies Inc. (ATI) forUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZFULLGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/570841spcred/570841normThe latest Summary from S&Pglobalstructured12/9/2008 2:57:51 AM175Summary570841United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsSummaryThe ratings on TransDigm Inc. reflect a highly leveraged balance sheet, the cyclical and competitive pressures of the commercial aerospace industry, an active acquisition program, and a relatively modest scale of operations (around $575 million revenues), but incorporate the firm's leading positions in niche markets and very strong profit margins. TransDigm is a well-established supplier of highly engineered aircraft components for nearly all commercial and military airplanes as well as engines. In February 2007, TransDigm Group Inc. (not rated), the company's ultimate parent, acquired Aviation Technologies Inc. (ATI) for about $430 million in cash, financed through a combination of senior and subordinated debt. Although the acquisition results in weaker credit protection measures, including consolidated debt to EBITDA increasing to aUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZSUMMARYGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/559084spcred/559084normThe latest News from S&Pglobalstructured12/9/2008 2:57:49 AM100News559084United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseNewsNEW YORK (Standard&Poor's) Jan. 26, 2007--Standard&Poor's Ratings Services today affirmed its 'B+' bank loan rating and '2' recovery rating on TransDigm Inc.'s proposed, amended $1.03 billion credit facility, indicating expectations of a substantial recovery of principal (80%-100%) in the event of a payment default. The facility consists of a $200 million revolving credit facility, which is being increased from $150 million, and $830 million term loan, which is being increased from $650 million. The proceeds from the $180 million term loan increase and $250 million of new subordinated notes will be used to finance the pending $430 million acquisition of Aviation Technologies Inc. (ATI) by TransDigm's parent, TransDigm Group Inc. (not rated). The revolver is expectedUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/559699spcred/559699normThe latest News from S&Pglobalstructured12/9/2008 2:57:49 AM100News559699United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceAsset-Backed SecuritiesCorporationsAerospace & DefenseCapital GoodsNewsNEW YORK (Standard&Poor's) Jan. 30, 2007--Standard&Poor's Ratings Services today affirmed its 'B-' rating on TransDigm Inc.'s 7.75% subordinated notes due 2014, which are being increased $250 million, to a total of $525 million. The new notes will be issued via SEC rule 144A with registration rights. The proceeds from the new notes and bank borrowings will be used to finance the pending $430 million acquisition of Aviation Technologies Inc. (ATI) by TransDigm's parent, TransDigm Group Inc. (not rated). The corporate credit rating is 'B+' and the outlook is stable. "The ratings on TransDigm reflect a highly leveraged balance sheet, the cyclical and competitive pressures of the commercial aerospace industry, an active acquisition program, and a relativelyUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCABSCORPAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/560506spcred/560506normThe latest News from S&Pglobalstructured12/9/2008 2:57:49 AM100News560506United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseNewsNEW YORK (Standard&Poor's) Feb. 5, 2007--Standard&Poor's Ratings Services today affirmed its 'B+' bank loan rating and '2' recovery rating on TransDigm Inc.'s proposed $980 million amended credit facility, indicating expectations of a substantial recovery of principal (80%-100%) in the event of a payment default. The facility consists of a $200 million revolving credit facility and a $780 million term loan. The term loan was previously expected to be $830 million, but higher-than-expected sales of new subordinated notes reduced the need for additional bank borrowings. The smaller term loan only improves recovery prospects marginally from our original analysis. See the recovery report published Jan. 26, 2007, on RatingsDirect, "TransDigm Inc.'s Amended $1.03 Billion Bank Financing," for theUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/556585spcred/556585normThe latest News from S&Pglobalstructured12/9/2008 2:57:47 AM100News556585United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseNewsNEW YORK (Standard&Poor's) Jan. 10, 2007--Standard&Poor's Ratings Services today affirmed its ratings, including the 'B+' corporate credit rating, on aerospace supplier TransDigm Inc. The outlook is stable. About $925 million of debt is outstanding. The action follows the announcement by TransDigm Group Inc. (not rated), the company's ultimate parent, of a definitive agreement to purchase Aviation Technologies Inc. (ATI) for about $430 million in cash, to be financed through a combination of senior and subordinated debt. "Although the acquisition will weaken credit protection measures, including consolidated debt to EBITDA to a relatively high 5.7x from the current 4.5x, anticipated material debt reduction from free cash flow should restore an appropriate financial profile in the intermediate term,"USA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/556586spcred/556586normThe latest Research Update from S&Pglobalstructured12/9/2008 2:57:47 AM175Research Update556586United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsResearch UpdateOn Jan. 10, 2007, Standard&Poor's Ratings Services affirmed its ratings, including the 'B+' corporate credit rating, on aerospace supplier TransDigm Inc. The outlook is stable. About $925 million of debt is outstanding. The action follows the announcement by TransDigm Group Inc. (not rated), the company's ultimate parent, of a definitive agreement to purchase Aviation Technologies Inc. (ATI) for about $430 million in cash, to be financed through a combination of senior and subordinated debt. Although the acquisition will weaken credit protection measures, including consolidated debt to EBITDA to a relatively high 5.7x from the current 4.5x, anticipated material debt reduction from free cash flow should restore an appropriate financial profile in the intermediate term. Still, the ATI transaction,USA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZRESUPDGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/532024spcred/532024normThe latest Summary from S&Pglobalstructured12/9/2008 2:57:37 AM175Summary532024United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseSummaryThe ratings on TransDigm Inc. reflect a highly leveraged balance sheet, the cyclical and competitive pressures of the commercial aerospace industry, an active acquisition program, and a relatively modest scale of operations (around $400 million revenues), but incorporate the firm's leading positions in niche markets and very strong profit margins. TransDigm is a well-established supplier of highly engineered aircraft components for nearly all commercial and military airplanes as well as engines. A recovery in the commercial aerospace market (about 70% of revenues) both in terms of orders for new planes (about 20% of the commercial aerospace revenues) and the related aftermarket demand for products and services (80%) has driven recent growth in revenues and earnings. Although some large U.S. airlinesUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZSUMMARYGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/513218spcred/513218normThe latest News from S&Pglobalstructured12/9/2008 2:57:31 AM100News513218United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseNewsNEW YORK (Standard&Poor's) June 7, 2006--Standard&Poor's Ratings Services today assigned its 'B+' bank loan rating and '2' recovery rating to TransDigm Inc.'s proposed $800 million secured credit facility, indicating expectations of a substantial recovery of principal in the event of payment default. At the same time, Standard&Poor's affirmed its existing ratings, including the 'B+' corporate credit rating, on the aerospace component supplier. The outlook is stable. "The ratings for TransDigm reflect a highly leveraged balance sheet, cyclical and competitive pressures in the commercial aerospace industry, and a relatively modest scale of operations [around $400 million revenues], but incorporate the firm's leading positions in niche markets and very strong profit margins," said Standard&Poor'sUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/513219spcred/513219normThe latest Research Update from S&Pglobalstructured12/9/2008 2:57:31 AM175Research Update513219United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseResearch UpdateOn June 7, 2006, Standard&Poor's Ratings Services assigned its 'B+' bank loan rating and '2' recovery rating to TransDigm Inc.'s proposed $800 million secured credit facility, indicating expectations of a substantial recovery of principal in the event of payment default. The facility consists of a $150 million revolving credit facility and $650 million term loan. At the same time, Standard&Poor's affirmed its existing ratings, including the 'B+' corporate credit rating, on the aerospace component supplier. The outlook is stable. The ratings for TransDigm reflect a highly leveraged balance sheet, cyclical and competitive pressures in the commercial aerospace industry, and a relatively modest scale of operations (around $400 million revenues), but incorporate the firm's leading positions inUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZRESUPDGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/515887spcred/515887normThe latest News from S&Pglobalstructured12/9/2008 2:57:31 AM100News515887United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseNewsNEW YORK (Standard&Poor's) June 20, 2006--Standard&Poor's Ratings Services today assigned its 'B-' rating to TransDigm Inc.'s proposed $275 million subordinated notes due 2014. The notes will be issued under SEC rule 144A with registration rights. The proceeds from notes, in combination with a new $800 million credit facility, will be used to refinance all outstanding debt, including the $200 million unsecured loan at TransDigm Group Inc. (not rated), the company's ultimate parent. The corporate credit rating on TransDigm Inc. is 'B+' and the outlook is stable. "The ratings for TransDigm reflect a highly leveraged balance sheet, cyclical and competitive pressures in the commercial aerospace industry, and a relatively modest scale of operations (around $400 million revenues),USA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/501145spcred/501145normThe latest Full Report from S&Pglobalstructured12/9/2008 2:57:29 AM400Full Report501145United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsAerospace & DefenseFull ReportHigh operating margins; and Leading positions in niche markets. High debt leverage; Absolute level of revenues and earnings are modest; Active acquisition program; and Participation in the cyclical commercial aerospace market. The ratings for TransDigm Inc. reflect a relatively modest scale of operations (around $350 million revenues), cyclical and competitive pressures in the commercial aerospace industry, and a highly leveraged balance sheet, but they incorporate the company's leading positions in niche markets and very strong profit margins. Cleveland, Ohio-based TransDigm is a well-established supplier of highly engineered aircraft components for use on nearly all commercial and military airplanes as well as engines. The company has expanded its product offering through several acquisitions, including three in fiscal 2005 for a totalUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZFULLGLOBISSSTRUCCORPABSCapitalAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/499420spcred/499420normThe latest Summary from S&Pglobalstructured12/9/2008 2:57:28 AM175Summary499420United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCapital GoodsForest ProductsAerospace & DefenseSummaryThe ratings for TransDigm Inc. reflect a relatively modest scale of operations (around $350 million revenues), cyclical and competitive pressures in the commercial aerospace industry, and a highly leveraged balance sheet, but they incorporate the company's leading positions in niche markets and very strong profit margins. Cleveland, Ohio-based TransDigm is a well-established supplier of highly engineered aircraft components for use on nearly all commercial and military airplanes as well as engines. The company has expanded its product offering through several acquisitions, including three in fiscal 2005 for a total of more than $60 million. A recovery in the commercial aerospace market (about 70% of revenues) both in terms of orders for new planes (about 20% of the commercial aerospace revenues)USA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZSUMMARYUSA04014642829042829204014#42829120101010 201010 2010 20Hexcel Corp.Argo-Tech Corp.108312317164USAHXL8921ZGLOBISSSTRUCCORPABSCapitalForestAerospaceCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/475098spcred/475098normThe latest Research Update from S&Pglobalstructured12/9/2008 2:57:24 AM175Research Update475098United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsResearch UpdateOn Nov. 15, 2005, Standard&Poor's Ratings Services affirmed its ratings on TransDigm Inc., including the 'B+' corporate credit rating. The outlook remains stable. The affirmation takes into account increased leverage to fund shareholder and deferred compensation payments, offset by good profitability and cash flow generation, as well as a recovery in the commercial aerospace market. Although, credit protection measures prior to the distributions were generally above average for the rating, there was a good possibility of increased leverage to fund acquisitions or shareholder value initiatives. On Nov. 10, 2005, TransDigm used $104 million of its own cash to pay a dividend to its parent, TransDigm Holding Co. (not rated), and to make bonus payments to management. In turn,USA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZRESUPDGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/475097spcred/475097normThe latest News from S&Pglobalstructured12/9/2008 2:57:24 AM100News475097United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsNewsNEW YORK (Standard&Poor's) Nov. 15, 2005--Standard&Poor's Ratings Services today affirmed its ratings on TransDigm Inc., including the 'B+' corporate credit rating. The outlook remains stable. "The affirmation takes into account increased leverage to fund shareholder and deferred compensation payments, offset by good profitability and cash flow generation, as well as a recovery in the commercial aerospace market," said Standard&Poor's credit analyst Christopher DeNicolo. Although credit protection measures prior to the distributions were generally above average for the rating, there was a good possibility of increased leverage to fund acquisitions or shareholder value initiatives. On Nov. 10, 2005, TransDigm used $104 million of its own cash to pay a dividend to its parent, TransDigm HoldingUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZNEWSGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/463167spcred/463167normThe latest Summary from S&Pglobalstructured12/9/2008 2:57:21 AM175Summary463167United StatesAerospace & DefenseEmerging MarketsLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesAerospace & DefenseCapital GoodsSummaryThe ratings for TransDigm Inc. reflect a relatively modest scale of operations (around $350 million revenues), cyclical and competitive pressures in the commercial aerospace industry, and a highly leveraged balance sheet, but incorporate the firm's leading positions in niche markets and very strong profit margins. Cleveland, Ohio-based TransDigm is a well-established supplier of highly engineered aircraft components for use on nearly all commercial and military airplanes as well as engines. The company has expanded its product offering through several acquisitions, including three so far in fiscal 2005 (which ends Sept. 30, 2005) for a total of more than $60 million. A recovery in the commercial aerospace market (about 75% of revenues) both in terms of orders for new planes (one-thirdUSA89364789364M20101010 201010 2010 20TransDigm Inc.329688EMERGINGLATAMERICAUSA13712ZSUMMARYGLOBISSSTRUCCORPABSAerospaceCapitalCredit & Investment ResearchS&P Credit Research