Exhibit 99.1

                  TRANSDIGM COMPLETES ACQUISITION OF NORCO INC.
                        FROM TRANSTECHNOLOGY CORPORATION

Richmond Hts., Ohio, February 24, 2003 - TransDigm Inc. ("TransDigm") announced
today that through its Marathon Power Technologies subsidiary it has completed
the previously announced acquisition of Norco Inc., a subsidiary of
TransTechnology Corporation. For the twelve month period ending 12/28/02,
including Norco as though it had been acquired at the beginning of the period,
TransDigm had total revenues of approximately $283.8 million and total EBITDA,
As Defined,/(1)/ of approximately $114.4 million.

In addition, TransDigm also announced that it has borrowed $25 million pursuant
to an incremental term loan from Deutsche Bank, one of TransDigm's existing
senior lenders. The proceeds from the term loan, which will be governed by
TransDigm's senior credit facility, were used to fund a portion of the Norco
purchase price.

TransDigm was founded in 1993 with the simultaneous acquisition of the Adel,
Aeroproducts, Controlex and Wiggins businesses. Marathon Power Technologies was
acquired in 1997, Adams Rite Aerospace Inc. in 1999, and Champion Aerospace in
2001. Additionally, TransDigm has, from time to time, acquired certain add-on
product lines to extend its existing product offerings. TransDigm is a market
leader in a broad range of proprietary aerospace components such as gear pumps,
igniters and ignition systems, electromechanical actuators and controls, NiCd
batteries/chargers, engineered connectors, lavatory components, and engineered
latches.

Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties, which may cause the company's
actual results in future periods to differ materially from forecasted results.
Those risks include, among others, changes in customers' demand for the
company's products, changes in raw material and equipment costs and
availability, changes in customer orders, pricing actions by the company's
competitors, and general changes in economic condition. Those and other risks
are more fully described in the company's filings with the Securities and
Exchange Commission.

/(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 acquisitions.
         For the twelve month period ending 12/28/02, including Norco as though
         it had been acquired at the beginning of the period, TransDigm's net
         income (earnings) was approximately $43,377,000 and its expenses for
         interest, taxes, depreciation, amortization of intangibles and non-cash
         purchase accounting adjustments were approximately $38,380,000,
         $19,777,000, $6,616,000, $5,254,000 and $970,000, respectively. 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 net income or any other measures of performance derived
         in accordance with accounting principles generally accepted in the
         United States of America as indicators of the Company's operating
         performance.

For additional information please contact:
Eileen M. Fallon
216-289-4939