The TransDigm Group Inc. said the acquisition is expected to be completed late this year or next year, subject to regulatory approvals. Purchase terms: About $236 million in cash.
"GPECS is a long-established proprietary business with significant aftermarket content and an outstanding reputation," said W. Nicholas Howley, chairman and chief executive officer of TransDigm. "The highly engineered products are both a good fit with our overall strategy and also allow us to expand our content on a number of substantial engine applications.
"As with all TransDigm acquisitions, we see opportunities for significant value creation."
Connecticut company GPECS manufactures aerospace fuel systems -- electronic engine controls, fuel metering units, main fuel pumps for commercial and military markets. Among engine platforms using the components are the T700 by General Electric, Honeywell's T55 and Rolls-Royce's M250.
Celebrity Families of 2014 [PHOTOS]