TransDigm completed the acquisition of Calspan.

TransDigm, a global designer, producer and supplier of highly engineered aircraft components, completed the acquisition of Calspan, a provider of highly engineered testing and technology development services and systems primarily for the aerospace & defense industry. Financial terms were not disclosed. "We are excited about the acquisition of Calspan. We see opportunity for TransDigm's proven operating model to enhance the Company's established positions across a diverse range of aftermarket-focused aerospace & defense development and testing services. The Company operates within our primary aerospace and defense industry, and its unique service offerings exhibit the earnings stability and growth potential that we have come to expect of our aerospace components-centered businesses. As with all TransDigm acquisitions, we expect the Calspan acquisition to create equity value in-line with our long-term private equity-like return objectives," Kevin Stein, TransDigm President and CEO.