TransDigm recently made two acquisitions and is participating in a growing portion of the aerospace industry.
TransDigm Group (NYSE: TDG) made a bid to purchase Aerosonic for $39 million in a deal announced late last month. Under the terms of the deal, Aerosonic holders receive $7.75 per share, a 60% premium to the closing price the day prior to the deal. The deal values Aerosonic at around 11x TTM more »
Editor's Note: This version has been updated to clarify Navistar's incorporation date.
Navistar’s (NYSE: NAV) share price has been extremely volatile for the past four years. The company’s share price has risen from $22.90 in Mar. 2009 to $69.50 in Apr. 2011, and then it plunged to only $19 in Oct. 2012. Afterwards, Navistar climbed up significantly to more than $35.40 per share more »
The new CEO of General Dynamics, Phebe Novakovic -- who ranks #16 on CNN's recent list of "The 50 Most Powerful Women in Business" -- shared several interesting observations on her first conference call for investors and analysts on January 23.
Cheers are the last thing you'll hear erupting from the executive offices of European Aeronautic Defense & Space (NASDAQOTH: EADSY.PK) and BAE Systems (NASDAQOTH: BAESY.PK). Due to political tensions, the two firms have failed to merge operations, missing out on an aeronautics and defense juggernaut that would have gobbled up $90 billion in revenue in 2011.
However, a few firms have an opportunity to learn from the situation more »
The United States’ two largest aerospace and defense contractors, Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have reason to worry. European Aeronautic Defense & Space Co. (NASDAQOTH: EADSY.PK), the parent of Airbus, and BAE Systems (NASDAQOTH: BAESY.PK) of Britain are working on a merger.
The EADS and BAE merger creates an aerospace and defense powerhouse. Lockheed Martin is the world’s largest defense company, boasting sales of $46 more »
The nine-nation Castro-inspired, Chavez-led Bolivarian Alliance for the Peoples of our America (popularly known by its Spanish acronym ALBA) is missing one member. As it turns out, their fellow traveler Argentina (birthplace of Che Guevara), is currently too much of a freak even for the ALBAnians. Although, Chavez has been using Argentina's tantrum over the Falkland Islands (Las Malvinas to the tango-inclined) to bring about Latin American unity, it more »