Exhibit 99.1
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October 12, 2018
Dear Valued Partner,
This week, we announced that Esterline has signed an agreement to be acquired by TransDigm. We expect the sale to complete in the second half of calendar 2019. A copy of the joint press release that was issued is attached for your reference and other supporting materials have been filed with the SEC.
Esterline believes this combination of Esterline and TransDigm will create a strong business that is well positioned to serve our combined global customer base, enabling us to be an even stronger partner for you. TransDigm is a market leader in our industry with an impressive set of products and solutions complementary to Esterline’s capabilities. As a leading global producer, designer and supplier of highly engineered aerospace components, systems and subsystems for use on nearly all commercial and military aircraft in service today, TransDigm is very much like Esterline in their breadth and depth of product offering, with the ability to further enhance Esterline’s current capabilities.
We expect this transaction to support the future success of our high-quality solutions in the markets we serve, and we intend to navigate the transition with as little disruption as possible to you, our valued partners. Our focus will continue to be on delivering exceptional customer service to you.
Until the transaction closes, following shareholder approval and other customary closing conditions, Esterline and TransDigm will continue to operate as independent companies. This announcement should have no impact on how we conduct business with you. Your contacts at Esterline will remain the same, and all contracts will continue in the normal course. Following the close of the transaction, we expect a smooth transition for all of our partners and will continue to work closely with you to accomplish that.
An important key to our success has been and will continue to be our partnership with you. Our businesses and products are strong and critical to the markets they serve. We deeply value our relationship and look forward to building on our successes to date.
We will keep you updated as appropriate moving forward. In the interim, if you have any questions regarding today’s announcement, please feel free to contact [Insert name/contact details].
We greatly appreciate your support and look forward to our continued partnership.
Sincerely,
Curtis Reusser
Esterline President & CEO