TransDigm Group Incorporated (NYSE: TDG), announces that it has entered into a definitive agreement to acquire DART Aerospace ("DART" or "the company"), a portfolio company of Greenbriar Equity Group, L.P. and First Aviation Services Inc., for approximately $360 million in cash.
DART Aerospace receives FAA supplemental type certification (STC) for its SkyCannon® Fire Attack System on the Sikorsky UH-60/S-70 helicopter. The UH-60/S-70 is the third helicopter type certified to operate the SkyCannon after the Airbus EC225 Puma and Avicopter AC313.
In partnership with Talon Helicopters, DART Aerospace receives Transport Canada approval for Talon to perform night hover refill operations with its DART AS365 Fire Attack System (FAS). The approval is the first step in pursuing a full FAA STC update to allow night vision goggles (NVG) aided and unaided night hover refill operations on all DART AS365 Fire Attack Systems.