TransDigm subsidiary buys flight instrument product line from Astronautics
Extant Aerospace has acquired the Electromagnetic Indicator product line from Astronautics Corporation of America. The unit on the left is a horizontal situation indicator. The others are attitude director indicators. (Astronautics)
Extant Aerospace, a subsidiary of US aircraft parts maker TransDigm Group, has expanded its defence aviation portfolio by acquiring the Electromagnetic Indicator product line from Astronautics Corporation of America for about USD27 million in cash, the buyer announced on 19 May.
The line of flight instruments consists of attitude director indicators (ADIs), horizontal situation indicators (HSIs), and bearing distance heading indicators (BDHIs). Extant will take over producing and maintaining the indicators, which are mainly used on military aircraft.
The product line's tooling and other assets will move from Astronautics' site in Oak Creek, Wisconsin, near Milwaukee to Extant's facility in Melbourne, Florida. The transaction does not involve the transfer of employees, said David Souders, Extant's vice-president of business development.
The acquisition news came less than two months after Extant announced it had purchased the assets and technical data rights of Moog's Electro-Optical Tracker and Camera systems, which are used mainly on land- and sea-based military platforms.
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