TransDigm Announces Withdrawal from Planned ~ $960mn Stellant Systems Acquisition

Research evidence excerpt

TransDigm Announces Withdrawal from Planned ~ $960mn Stellant Systems Acquisition

Update

July 13, 2026 08:37 PM GMT

Morgan Stanley & Co. LLCMTransDigm Group Inc. | North America Kristine T Liwag

Equity Analyst

TransDigm Announces Kristine.Liwag@morganstanley.comJason T Holcomb +1 212 761-2980

Research Associate

Jason.Holcomb@morganstanley.com +1 212 761-5592

Withdrawal from Planned ~ Justin M Lang

Justin.Lang@morganstanley.com +1 212 761-6251

$960mn Stellant Systems Gabrielle Knafelman

Gaby.Knafelman@morganstanley.com +1 212 761-4838

Acquisition Shaina C Zuber

Shaina.Zuber@morganstanley.com +1 212 761-6353

TransDigm announced on July 13, 2026, that it was no longer planning to complete

its ~$960mn cash acquisition of Stellant Systems from Arlington Capital Partners. TransDigm Group Inc. (TDG.N, TDG UN)

TransDigm cited concerns related to execution uncertainty from the regulatory Aerospace | United States of America

process and the potential that the expected remaining time required to complete Stock Rating Overweight

Industry View Attractive

the transaction could exceed the time limitation set out in the acquisition Price target $1,680.00

agreement. From our conversation with the company, there was a disagreement Shr price, close (Jul 10, 2026) $1,291.35

Mkt cap, curr (mm) $72,230

regarding the Department of Justice’s (DOJ) assessment of the product overlap 52-Week Range $1,518.14-1,124.61

between TransDigm and Stellant, and TransDigm’s view from its own assessment.

The actions that TDG would have to take in order to complete the deal were too

burdensome and therefore it didn’t make sense to pursue the deal given the

requirements and timeline.

The company did not disclose if it would owe a termination fee as a result of the