CLEVELAND, Aug. 30 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today announced that FORTUNE has ranked TransDigm No. 85 on its 2010 "100 Fastest-Growing Companies" list. The full list and related stories appear in the September 6, 2010 issue of FORTUNE, on newsstands now, and at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.
TransDigm also made the list last year, the first year it was eligible.
"We are honored to receive this recognition from FORTUNE for our record of long-term growth, profitability and returns to shareholders," said W. Nicholas Howley, TransDigm Chairman and Chief Executive Officer. "We believe our business model is unique in our industry both in its consistency and its ability to sustain and create intrinsic shareholder value. Through our consistent focus on our operating value drivers, a clear acquisition strategy; and close attention to our capital structure, we have been able to grow and create value for many years through up and down markets."
To qualify for 100 Fastest-Growing Companies, foreign or domestic companies must have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010. Companies that meet the appropriate criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010.
About TransDigm Group
TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/ electromechanical actuators and controls, ignition systems and components, gear pumps, specialized valves, engineered connectors, power conditioning devices, specialized fluorescent lighting, specialized AC/DC electric motors, aircraft audio systems, engineered latches and cockpit security devices, lavatory hardware and components, hold open rods and locking devices, specialized cockpit displays, elastomers, NiCad batteries/chargers, and starter generators and related components.
Jonathan D. Crandall
SOURCE TransDigm Group Incorporated; TransDigm Group Incorporated