Signia Aerospace, a subsidiary company Arcline Investment Management, which manufactures specialized components for the aerospace industry, has entered into an agreement to acquire Goodrich Hoist & Winch in the structure of Collins Aerospace, a subsidiary of RTX Corp. This is reported in the Signia press release.
The transaction value is $500 million.
As part of the deal, Signia expects to combine Goodrich's technological developments for the production of rescue equipment for helicopters with the Mission Systems business segment for the production of systems for performing airborne tasks, including rescue operations and disaster relief.
RTX also sells Collins Aerospace's flight management division to Safran SA, a French manufacturer of aviation components. The deal received approval from the government after removing key security hurdles.
Goodrich is a company that manufactures lifts and winches, as well as other equipment used on rescue helicopters and military aircraft. Goodrich is a subsidiary of RTX.
RTX is an American corporation in the aerospace and defense sectors. The company manufactures aircraft engines, aerospace electronics and missile systems. The company's shares are listed on the New York Stock Exchange. The headquarters is located in Arlington (Virginia). The company's market value exceeds $134 billion.
Signia Aerospace is a global integrated provider of high-performance systems and specialized components for the aerospace industry. The company includes two business segments - Thermal Management (ACE Thermal Systems and Mezzo Technologies) and Mission Systems (Onboard Systems International, Lifesaving Systems Corp. and Meeker Aviation). Signia supplies thermal systems and equipment for 511 types of aircraft, including Boeing, Airbus, Embraer and Sikorsky. The company has assets worth $8.9 billion in high-tech enterprises in the defense and aerospace industries. The headquarters is located in San Francisco (California) with offices in New York and Nashville (Tennessee).
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