Transdigm Boosts 2015 Guidance

Aerospace supplier Transdigm has increased its predicted sales revenue for 2015 by more than five per cent, following its acquisition of component makers Telair Cargo and Franke Aquarotter in March.

Aerospace supplier Transdigm has increased its predicted sales revenue for 2015 by more than five per cent, following its acquisition of component makers Telair Cargo and Franke Aquarotter in March. In publishing its Q2 fiscal results, Transdigm confirmed that revenue and profits were up year on year, with sales hitting $619m, an increase of 4.8 per cent on 2014 figures, and net income up 22.7 per cent to $111m. Growth in sales at German electromechanical component maker Elektro-Metall – which Transdigm bought in March 2014, was cited as the key in the increase in revenues. Alongside its Q2 results, Transdigm published adjusted guidance for 2015 in which it predicts net sales of $2.66bn to $2.69bn – up from the $2.51bn to $2.55bn of sales it predicted in January. TransDigm's CEO W Nicholas Howley confirmed: “We are increasing the full year fiscal 2015 guidance primarily to reflect the recent acquisitions of Telair and Franke.” Last week the firm confirmed it had agreed to buy Pexco Aerospace for $496m.

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