TransDigm to acquire Cobham Aero Connectivity from Cobham for $965m.

TransDigm, a publicly traded aerospace manufacturing company, agreed to acquire Cobham Aero Connectivity, a provider of highly engineered antennas and radios for the aerospace end market, from Cobham, a British aerospace manufacturing company, for $965m. "We are pleased to announce the acquisition of Cobham Aero Connectivity. This business fits well with our long-standing strategy. The CAC products are almost all proprietary and over 70% of CAC's revenue comes from the aftermarket. The company is primarily a defense business. The businesses we are considering for divestiture are also good businesses, but do not fit as well with our long-standing proprietary and aftermarket strategy," W. Nicholas Howley, TransDigm Executive Chairman.