TransDigm to acquire Stellant from Arlington Capital Partners for $960m.

TransDigm, a manufacturer of aircraft components, agreed to acquire Stellant, a manufacturer specializing in active and passive RF components, from Arlington Capital Partners, a private equity firm, for $960m. "We are excited to have an agreement to acquire Stellant. The Company's highly engineered, proprietary products generate significant aftermarket revenue and fit well with our long-standing business strategy. The Company has established positions across a diverse range of both commercial and defense platforms, adding new products and services to TransDigm's portfolio. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives," Mike Lisman, TransDigm Chief Executive Officer.