TransDigm Group INC
TransDigm Group Incorporated is a leading global designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft. The company's business strategy focuses on obtaining profitable new business, carefully controlling costs, and pricing products to fairly reflect their value. TransDigm's major product offerings include mechanical/electromechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, cargo loading, handling and delivery systems, and specialized flight, wind tunnel and jet engine testing services and equipment. The company's businesses are organized and managed in three reporting segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment includes operations that primarily develop, produce, and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power, and mechanical motion control technologies. The Airframe segment includes operations that primarily develop, produce, and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce, and market products for non-aviation markets. TransDigm's sales and marketing organization is structured to continually develop technical solutions that meet customer needs, focusing on high-margin, repeatable sales in the aftermarket. The company has a sales and marketing team that is responsible for growing sales and profitability for each product and identifying and obtaining new business opportunities. TransDigm maintains approximately 100 manufacturing facilities and continually strives to improve productivity and reduce costs. The company competes on the basis of engineering, manufacturing, and marketing high-quality products, consistent and timely delivery, and superior customer service and support. TransDigm's customers include distributors of aerospace components, worldwide commercial airlines, large commercial transport and regional and business aircraft OEMs, various armed forces of the United States and friendly foreign governments, defense OEMs, system suppliers, and various other industrial customers. The company's top ten customers accounted for approximately 41% of its net sales in fiscal year 2023. TransDigm's website is www.transdigm.com, and its ticker symbol is TDG on the New York Stock Exchange.