TransDigm to acquire Calspan Corporation, terms not disclosed

TransDigm Group announced it has entered into a definitive agreement to acquire Calspan Corporation. Calspan is an independent provider of highly engineered testing and technology development services and systems primarily for the aerospace & defense industry. Calspan employs approximately 625 people and is expected to generate approximately $200M in revenue for the calendar year ending December 31, 2023. The acquisition, which is expected to close during TransDigm’s fiscal 2023, is subject to regulatory approvals and customary closing conditions. The acquisition is expected to be financed through existing cash on hand.