Divesting Aero Connectivity business to Transdigm Group Inc.
On both January 6, 2021, and February 12, 2021, Cobham plc announced it had completed the sale of the company's subsidiary Aero Connectivity to Transdigm Group Inc, an aerospace manufacturing company. Transdigm has bought Aero Connectivity at $965 million and will now own the subsidiary that has produced radios and antennas for aerospace markets.
M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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