Exhibit 99.1

For Further Information:
Eileen Fallon
TransDigm Inc.
216-289-4939

                                                           FOR IMMEDIATE RELEASE

             TRANSDIGM ANNOUNCES PRELIMINARY RESULTS FOR FISCAL 2002

Richmond Hts., Ohio, November 15, 2002 -- TransDigm Inc. ("TransDigm" or the
"Company") announced today certain preliminary operating results for the fiscal
year ended September 30, 2002. The Company indicated that it expects full year
2002 sales to approximate $248 million and its EBITDA, As Defined1, to
approximate $97.5 million. This compares to $258 million in sales and $88
million of EBITDA, as Defined, for the fiscal year ended September 30, 2001 (pro
forma for acquisitions in 2001 as though all acquisitions were completed at the
beginning of that year). For the twelve-month period ended September 30, 2001
sales were $201 million and EBITDA, as Defined, was $71 million.

W. Nicholas Howley, President & Chief Executive Officer, commented: "These
results, achieved in a difficult market environment, reconfirm the fundamental
strength of our value driven business model. As we stated previously, absent any
significant disruptive event, we believe fiscal 2003 sales and EBITDA should
exceed fiscal 2002 levels."

TransDigm Inc.

TransDigm Inc. is a leading supplier of proprietary, highly engineered power
systems and airframe components servicing the aerospace industry. Major products
include ignition systems components, gear pumps, electromechanical controls,
actuators, batteries/chargers, engineered connectors, latches and lavatory
hardware.

TransDigm is a portfolio company of Odyssey Investment Partners LLC. Odyssey
manages a $760 million private equity fund, which invests in middle market
companies that are primarily focused on manufacturing, aerospace and
transportation and financial services.

The matters described in this press release include "forward-looking statements"
made in reliance upon the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 including, in particular, the statements about the
Company's plans, strategies, and prospects. The Company's actual results,
performance or achievements may differ materially from those described in
forward-looking statements. Such statements are based on current expectations of
the Company's performance and are subject to a variety of factors not under the
Company's control, which can affect the Company's results of operations,
liquidity or financial condition and cause actual outcomes or results to be
materially different from those projected. These factors, risks and
uncertainties may include, among other things, the Company's access to capital
markets; the impact of general economic conditions in the regions in which the
Company does business; general industry conditions, including competition and
product, raw material and energy prices; changes in currency rates and currency
values; and capital expenditure requirements.



Because the information herein is based solely on data currently available, it
is subject to change as a result of changes in conditions over which the Company
has no control or influence, and should not therefore be viewed as assurance
regarding the Company's future performance. Additionally, the Company is not
obligated to make public indication of such changes unless required under
applicable disclosure rules and regulations.

/1/  EBITDA represents earnings before interest, taxes, depreciation and
     amortization. EBITDA, As Defined is calculated by adding to EBITDA the
     incremental inventory costs associated with the write up of inventory
     required by the purchase accounting treatment applied to the acquisitions
     of Champion Aerospace Inc. and a product line. EBITDA, As Defined is
     presented herein to provide additional information with respect to the
     ability of the Company to satisfy its debt service, capital expenditures
     and working capital requirements and because certain types of covenants in
     TransDigm's borrowing arrangements are tied to similar measures. While
     EBITDA-based measures are frequently used as measures of operations and the
     ability to meet debt service requirements, they are not necessarily
     comparable to other similarly titled captions of other companies due to
     differences in methods of calculation. EBITDA and EBITDA, As Defined are
     not measurements of financial performance under accounting principals
     generally accepted in the United States of America and should not be
     considered as an alternative to cash flow from operating activities, as a
     measure of liquidity or an alternative to net income as indicators of the
     Company's operating performance or any other measures of performance
     derived in accordance with accounting principles generally accepted in the
     United States of America.

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