TransDigm Enters Definitive Acquisition Agreement With Calspan

TransDigm Group Incorporated has entered into a definitive agreement to acquire Calspan Corporation, the company said Tuesday.

The acquisition is expected to close during TransDigm’s fiscal 2023 and be financed through existing cash on hand, but it is subject to regulatory approvals and customary closing conditions, according to TransDigm.

Calspan provides testing and technology development services and systems for the aerospace and defense industry, TransDigm said.

This story was produced by Bloomberg Government Automation.