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Company Profile
Nov 27, 2023
TransDigm Group
IP Company Profile
IP ResearchTransDigm Group•US•Large CapSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrials
Article Extract
... Our research on TDG has focused on: ...IP Research Analysis
Nov 1, 2023
TransDigm: Boeing vs OEM Supplier Bargaining Power
In Practise Research
IP ResearchTransDigm Group•US•Large CapHoneywellThe BoeingAirbusSafranGeneral ElectricRTXHEICOTransDigm GroupProcess PowerSwitching CostsOEMs w/ Installed BaseMission Critical Products & ServicesSerial AcquirerIndustrials
Article Extract
... In 2016, Boeing communicated plans to triple its Global Services businesses from $15bn to over $50bn by 2026. It combined its commercial and defense services business into a Global Services division (BGS) and specifically targeted clawing back ownership of the commercial aftermarket. Boeing went so far as sending letters demanding aftermarket royalties from OEMs: ...IP Research Analysis
Aug 23, 2021
TransDigm's Product Innovation, Howley, & TDG 10-year equity returns
In Practise Weekly Analysis
TransDigm Group•US•Large CapSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrials
Article Extract
... In 1993, Nick Howley purchased four small aero component suppliers: Adel Fasteners, Wiggins Connectors, Aero Products, and Controlex. He then integrated the companies into two separate groups: AdelWiggins and AeroControlex. Both are operating companies of the TransDigm Group today. We interviewed a Former President of AdelWiggins to share insight into what it’s like working at a TransDigm operating company. ...IP Research Analysis
Jul 5, 2021
Topicus, Transdigm and Value-Based Pricing
In Practise Weekly Analysis
IP ResearchTransDigm Group•US•Large CapTopicusConstellation SoftwareTransDigm GroupSwitching CostsSerial AcquirerB2B SoftwareMission Critical Products & ServicesInformation TechnologyIndustrials
Article Extract
... Transdigm realised that many suppliers were allowing the airframer to capture the aftermarket profitability. Suppliers sell OEM parts for new aircraft and replacement parts for the aftermarket. Historically, airframers demanded that suppliers sell them parts at a fixed price so they could resell the parts into the aftermarket and capture the margin. For in-production aircrafts, the supplier may have enough volume in OEM parts to make their economics work. However, when the aircraft rolls out-of-production, the OEM volume declines and leaves the supplier with the fixed-price aftermarket business. It's very difficult for the parts supplier to be profitable with no OEM business and a fixed-price aftermarket business. This partly explains historically why Transdigm could pick up so many good deals. ...May 18, 2026
TransDigm: CPI Electron Device Acquisition Strategy & Vacuum Tube Aftermarket
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupHEICOLoarSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: I have been invested in the aerospace parts business since the crash of Covid where I thought a lot of businesses in the space, great compounding machines, sold off to attractive prices. At the time, people myopically thought we weren't going to fly again. Now, we see the complete opposite with passenger miles at an all-time high. Last week I had the privilege of speaking with Paul Russell, who was the former CEO at Stellant. My interest there was as a shareholder of TransDigm, understanding some of the new acquisitions they are making, whether it be Stellant, Calspan or CPI Electron. Paul told me that Bob Fickett used to mention at times that in his mind, the CPI Electron business and Stellant had some synergies in terms of being complementary to each other. That piqued my interest and I wanted to speak to whoever was the most informed about CPI Electron, which is why I am speaking to you. ...May 6, 2026
TransDigm & Calspan: Engine Test Cells, Adapters & Aftermarket
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupGeneral ElectricCalspan CorporationRolls-RoyceSwitching CostsProcess PowerMission Critical Products & ServicesSerial AcquirerOEMs w/ Installed BaseIndustrialsInterview Extract
... Operator: I see a lot of planes and helicopters flying by, and I think a lot about how much money you can make by investing in these parts companies. I feel blessed that in my late teenage years I came across both HEICO and TransDigm, which set me off on this journey of understanding the aerospace end market. focusing on parts and the engine manufacturers has been a profitable endeavor. When I read your responses to my questions, I thought that you had a pretty good understanding of the business. Maybe we can talk a bit about what you do know about Calspan and the business, as well as your responsibilities in your time at the company. Could you start by giving me a brief background? ...May 1, 2026
TransDigm, Stellant Systems & Vacuum Tube Defense Electronics M&A
Partner Interview
TransDigm Group•US•Large CapSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: During Covid, I got the opportunity to invest in two companies that I have admired for a long time - two of the compounding machines that really introduced me to investing and I thought were very Warren Buffett-like companies, HEICO and TransDigm. I just recently moved to Florida, which is where the Mendelson family is. ...Weekly update
Apr 7, 2026
TransDigm & PMAs, CCC vs Mitchell Casualty, Toast Gross Churn
ToastHEICOTransDigm GroupToastHEICOTransDigm Group
Article Extract
... Published Last Week ...Apr 1, 2026
TransDigm, Jet Parts & Victor Sierra: Strategic Entry into Non-OEM Aftermarket
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupHEICOSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: I've followed HEICO since I was a teenager. It's kind of a weird thing for a teenager to be doing, but I've followed the company for a long time. I've been a shareholder on behalf of clients since Covid, since April 2020, for both HEICO and TransDigm. ...Mar 16, 2026
TransDigm: Operational Playbook & Post-COVID Margin Expansion
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupHEICOLoarSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: We have been long term TransDigm shareholders, and are big fans of the company and the model. In addition, we do own other serial acquirers, so have some familiarity with the model beyond TransDigm and aerospace. Could you tell me a little about your background so I can better tailor the interview to your expertise? ...Feb 9, 2026
TransDigm: AvtechTyee, Equity Incentives & Operating as an Owner
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupHEICOSwitching CostsMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: TransDigm is a stock we've owned for over a decade, and the portfolio manager I work for has likely owned it for about 20 years across two previous firms. We're huge fans of the company. We admire what they do in the aerospace and defense niche and how they run their business. We're big supporters of the platform acquisition model, in general, beyond just aerospace. That's my perspective. We're always looking to deepen our understanding of TransDigm and their operations. ...Sep 10, 2025
TransDigm: Aftermarket Pricing Power and OEM-Distributor Dynamics
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupHEICOThe BoeingHoneywellAirbusSwitching CostsProcess PowerMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: Can you give us a bit of background of what you did at Satair and what Satair did exactly. So we can just understand where to go deeper. ...Sep 8, 2025
TransDigm: Aftermarket Demand Drivers
Partner Interview
TransDigm Group•US•Large CapTransDigm GroupHEICOThe BoeingHoneywellAirbusSwitching CostsProcess PowerMission Critical Products & ServicesSerial AcquirerIndustrialsInterview Extract
... Operator: Let me give you a little context on what we're trying to achieve here and how you can help us. I'm not sure if you still own TransDigm stock, but you probably still follow it. The last quarter's result was subpar, not as people were expecting. We're trying to understand whether it was just a slump or if it's a new trend in the size of the aftermarket growth. ...Oct 22, 2024
Adams Rite, AdelWiggins, & TransDigm Competitive Risks
Interview Extract
... In Practise: I've been following the business for the best part of a decade and am always interested to learn more. I'm particularly fascinated by the aftermarket and the niches within it. Maybe you could start by taking me back to when and how you joined TransDigm? ...Sep 9, 2024
TransDigm: Culture & Pricing
Interview Extract
... In Practise: I can give you a bit of background. I've been studying and investing in aerospace for the best part of a decade, specifically TransDigm. I've also looked into other aerospace aftermarket businesses like Heico. I'm always trying to understand more about how these businesses work. They are phenomenal businesses with phenomenal operators, and I'm fascinated by how they do things. ...Weekly update
Sep 4, 2024
FTAI Aviation & CFM56 MRO, Tesla, ISRG, TransDigm, CMG, Constellation Software, RYAN, MongoDB
Tesla•US•Mega CapFTAI AviationToyotaGreen Landscaping GroupMongoDBTopicusConstellation SoftwareIntuitive SurgicalComputer ModellingSchlumbergerMedtronicTransDigm GroupOracle
Article Extract
... TransDigm: SEI Industries & Wildfire Products ...Sep 3, 2024
TransDigm: SEI Industries & Wildfire Products
Interview Extract
... In Practise: As a bit of context, I've been studying TransDigm for years. They made a pretty interesting acquisition, SEI. Nick Howley is the chairman of TransDigm and also the chairman of Perimeter Solutions. They bought Perimeter, so there is some overlap between the assets they've acquired in the fire space. We can start with SEI today, and obviously, we can chat next week specifically about more wildfires in British Columbia, mainly focusing on retardants, and then see how we go from there. ...Weekly update
Aug 7, 2024
Procore, Danaher, FTAI, Heico PMA vs TransDigm, Terravest, Kinsale, MongoDB, HVAC, Loar Group, Green Landscaping
Procore•US•Mid CapDatabricksLoarWencorFTAI AviationHEICOGreen Landscaping GroupCarrier GlobalSnowflakeMongoDBWatscoDanaherGeneral ElectricSafranTransDigm Group
Article Extract
... TransDigm and HEICO: Threat of PMA ...IP Research Resource
Jul 31, 2024
IP Research Roundup: Transdigm, Loar, HEICO, FTAI
IP Research Roundup
TransDigm Group•US•Large CapLoarHEICOFTAI AviationTransDigm GroupSwitching CostsScale EconomiesMission Critical Products & ServicesSerial AcquirerPhysical Infra & NetworksLow Cost OperatorsIndustrials
Article Extract
... TransDigm Investor Day, 2018 ...Showing 20 of 1000 results