GE Aviation (Booth No. N5500) is aiming to grow its Business and General Aviation (and Integrated Systems) business to $1 billion in revenues by 2020 from the $300 million level it is at in 2013. This is already significantly up from the $150 million it turned over in 2008.
GE Aviation Systems has been quietly making the most of the downturn to plan an assault on aerospace markets dominated by other companies.
Aircraft Parts (APC) has been acquired from Unison Industries, a wholly owned subsidiary of General Electric’s GE Aviation, by TransDigm Group in a stock purchase valued at approximately $68 million.
Holtsville, N.Y.-based APC has been a supplier of proprietary, highly engineered components to the commercial aerospace industry for almost 50 years. The company has reported annual revenues of approximately $33 million.
Paul Theofan, a veteran of more than 20 years at Unison Industries, has been named president and managing executive of General Electric subsidiary GE Aviation Czech. This past June, GE acquired assets of powerplant manufacturer Walter Engines in hopes of increasing its involvement in the small turboprop segment. The company’s Czech division employs about 400 workers in a new facility near Prague.
General Electric’s Unison Industries subsidiary has sold its Aircraft Parts Corporation (APC) business unit to TransDigm Group for approximately $68 million in cash. APC, a 50-year-old company based in Holtsville, N.Y., manufactures turbine-engine starter generators, generator control units and related components for Cessna Citations, Bombardier Learjets and Bell and Agusta helicopters.
General Electric, the global giant with $126 billion in annual revenue, is at NBAA ’02 (Booth No. 633) with the expressed intent to expand its role in corporate and regional aviation.
GE Transportation Aircraft Engines, through Unison Industries, a subsidiary of GE Engine Services, has signed a definitive agreement to purchase Aircraft Parts. The transaction, the terms of which were not disclosed, is pending necessary regulatory approval and is expected to be complete in the first quarter of this year.
GE Transportation Aircraft Engines, through Unison Industries, has acquired Aircraft Parts Corporation (APC). Founded in 1960, APC has its headquarters in Long Island, N.Y., and a service center in Wichita. The privately held company manufactures and repairs aircraft electrical systems, including starter-generators and generator control units for business/commuter jet, helicopter and military applications.