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TransDigm Group acquired the communications and navigation division of British aerospace manufacturer Cobham for $965 million in cash. The division makes antenna systems and radio, guidance and anti-jamming equipment.
TransDigm Group entered a definitive agreement to acquire Cobham Aero Connectivity for approximately $965 million in cash. CAC, headquartered in Marlow, UK, supplies antennas and radios for aerospace and is expected to generate $225 million in revenue in 2020.