Market Overview

Triumph Group to Buy Goodrich Pump & Engine Control Systems

Related TGI
Rumored Big Engine Order From American Could Boost GE Aviation's Bottom Line
Benzinga's Top Downgrades
Related UTX
United Technologies to Showcase Diverse System Capabilities - Analyst Blog
Stock Market News for July 01, 2014 - Market News
United Tech Wins $1.3B Air Force Helicopter Contract (Fox Business)

Triumph Group, Inc. (NYSE: TGI) today announced the signing of a definitive agreement to acquire the pump and engine control systems business of Goodrich Corporation (Goodrich Pump & Engine Control Systems or GPECS) from United Technologies Corporation. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter. The acquired business, which will operate as Triumph Engine Control Systems, LLC and be included in the Aerospace Systems Group, is expected to add approximately $195.0 million in annual revenue and to be immediately accretive to earnings.

Posted-In: News M&A


Most Popular

Related Articles (TGI + UTX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free