TransDigm to buy Jet Parts and Victor Sierra
Jet Parts Engineering, based in Seattle, designs and manufactures proprietary replacement parts and repair solutions for commercial, regional, and cargo airlines, as well as maintenance, repair and overhaul providers.
TransDigm Group, a major US aerospace parts manufacturer, has agreed to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for $2.2 billion in cash. The acquisition aims to expand TransDigm's aftermarket footprint by adding Jet Parts' commercial, regional, and cargo airline parts and Victor Sierra's general and business aviation parts. The deal highlights ongoing consolidation in the aerospace aftermarket, driven by sustained demand for replacement parts.
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