Transdigm Group is trading 4% up today at $1286.32 following the announcement of a $1.066 billion cash deal to acquire Prince & Izant.
- Prince & Izant is a specialist manufacturer of highly engineered brazing alloys and specialty metal components serving the aerospace and defense markets.
- The acquisition is viewed by investors as a strategic bolt-on that strengthens the company's portfolio in critical materials and high-margin aftermarket components.