Aircraft Parts Maker Grows Through Acquisitions In Tough Market (Investor's Business Daily)

Tuesday November 11, 6:03 pm ET While most companies are hoarding cash and ducking for cover during this financial crisis, TransDigm Group is spending money to make money. At the end of September the aircraft parts manufacturer acquired certain assets of Unison Industries, a subsidiary of General Electric's (NYSE:GE - News ) aviation business unit. The price tag: $69 million in cash. TransDigm (NYSE:TDG - News ) acquired the product line that included magnetos, a device that provides a charge of high-voltage power to spark plugs, harnesses and components. Finding tuck-in acquisitions is crucial to the company. "Acquisitions are not just a part of TransDigm's growth, it is their growth strategy," said John Simon, an analyst with Zacks Investment Research. TransDigm manufactures a wide range of aircraft components from the... [read full story]