Triumph Group (TGI) announced the signing of a definitive agreement to acquire the pump and engine control systems business of Goodrich Corporation (GR) from United Technologies Corporation (UTX). The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter. The acquired business, which will operate as Triumph Engine Control Systems, LLC and be included in the Aerospace Systems Group, is expected to add approximately $195M in annual revenue and to be immediately accretive to earnings.
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