Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
ý
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the quarterly period ended June 30, 2018
¨
Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from             to            
Commission File Number 001-32833
TransDigm Group Incorporated
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
41-2101738
(I.R.S. Employer Identification No.)
1301 East 9 th  Street, Suite 3000, Cleveland, Ohio
 
44114
(Address of principal executive offices)
 
(Zip Code)
(216) 706-2960
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report.)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES   ý     NO   ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    YES   ý     NO   ¨
Indicate by check mark whether the registrant is a large accelerated filer, accelerated filer, non-accelerated filer, smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
LARGE ACCELERATED FILER
ý
  
ACCELERATED FILER
¨
NON-ACCELERATED FILER
¨
  
SMALLER REPORTING COMPANY
¨
EMERGING GROWTH COMPANY
¨
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    YES   ¨     NO   ý
The number of shares outstanding of TransDigm Group Incorporated’s common stock, par value $.01 per share, was 52,628,694 as of July 31, 2018 .


Table of Contents

INDEX
 
 
 
 
Page
Part I
 
FINANCIAL INFORMATION
 
 
Item 1
Financial Statements
 
 
 
Condensed Consolidated Balance Sheets – June 30, 2018 and September 30, 2017
 
 
Condensed Consolidated Statements of Income – Thirteen and Thirty-Nine Week Periods Ended June 30, 2018 and July 1, 2017
 
 
Condensed Consolidated Statements of Comprehensive Income – Thirteen and Thirty-Nine Week Periods Ended June 30, 2018 and July 1, 2017
 
 
Condensed Consolidated Statement of Changes in Stockholders’ Deficit – Thirty-Nine Week Period Ended June 30, 2018
 
 
Condensed Consolidated Statements of Cash Flows – Thirty-Nine Week Periods Ended June 30, 2018 and July 1, 2017
 
 
Notes to Condensed Consolidated Financial Statements
 
Item 2
Management’s Discussion and Analysis of Financial Condition and Results of Operations
 
Item 3
Quantitative and Qualitative Disclosure About Market Risk
 
Item 4
Controls and Procedures
Part II
 
OTHER INFORMATION
 
Item 1
Legal Proceedings
 
Item 1A
Risk Factors
 
Item 2
Unregistered Sales of Equity Securities and Use of Proceeds
 
Item 6
Exhibits
SIGNATURES
 
 


Table of Contents

TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share amounts)
(Unaudited)
 
June 30, 2018
 
September 30, 2017
ASSETS
 
 
 
CURRENT ASSETS:
 
 
 
Cash and cash equivalents
$
1,853,373

 
$
650,561

Trade accounts receivable - Net
658,168

 
636,127

Inventories - Net
815,251

 
730,681

Assets held-for-sale

 
77,500

Prepaid expenses and other
58,610

 
38,683

Total current assets
3,385,402

 
2,133,552

PROPERTY, PLANT AND EQUIPMENT - NET
380,475

 
324,924

GOODWILL
6,209,247

 
5,745,338

OTHER INTANGIBLE ASSETS - NET
1,715,074

 
1,717,862

OTHER
114,279

 
53,985

TOTAL ASSETS
$
11,804,477

 
$
9,975,661

 
 
 
 
LIABILITIES AND STOCKHOLDERS’ DEFICIT
 
 
 
CURRENT LIABILITIES:
 
 
 
Current portion of long-term debt
$
75,793

 
$
69,454

Short-term borrowings - trade receivable securitization facility
299,956

 
299,587

Accounts payable
155,937

 
148,761

Accrued liabilities
285,484

 
335,888

Liabilities held-for-sale

 
17,304

Total current liabilities
817,170

 
870,994

LONG-TERM DEBT
12,516,010

 
11,393,620

DEFERRED INCOME TAXES
357,680

 
500,949

OTHER NON-CURRENT LIABILITIES
212,097

 
161,302

Total liabilities
13,902,957

 
12,926,865

STOCKHOLDERS’ DEFICIT:
 
 
 
Common stock - $.01 par value; authorized 224,400,000 shares; issued 56,717,525 and 56,093,659 at June 30, 2018 and September 30, 2017, respectively
567

 
561

Additional paid-in capital
1,171,549

 
1,095,319

Accumulated deficit
(2,471,575
)
 
(3,187,220
)
Accumulated other comprehensive loss
(23,717
)
 
(85,143
)
Treasury stock, at cost; 4,161,326 and 4,159,207 shares at June 30, 2018 and September 30, 2017, respectively
(775,304
)
 
(774,721
)
Total stockholders’ deficit
(2,098,480
)
 
(2,951,204
)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT
$
11,804,477

 
$
9,975,661

See notes to condensed consolidated financial statements.

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TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THIRTEEN AND THIRTY-NINE WEEK PERIODS ENDED
JUNE 30, 2018 AND JULY 1, 2017
(Amounts in thousands, except per share amounts)
(Unaudited)  
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
NET SALES
$
980,662

 
$
897,655

 
$
2,761,692

 
$
2,580,401

COST OF SALES
411,142

 
377,959

 
1,181,448

 
1,127,013

GROSS PROFIT
569,520

 
519,696

 
1,580,244

 
1,453,388

SELLING AND ADMINISTRATIVE EXPENSES
113,019

 
108,104

 
327,073

 
310,677

AMORTIZATION OF INTANGIBLE ASSETS
19,224

 
23,259

 
53,793

 
70,822

INCOME FROM OPERATIONS
437,277

 
388,333

 
1,199,378

 
1,071,889

INTEREST EXPENSE - NET
167,577

 
152,141

 
489,776

 
445,986

REFINANCING COSTS
4,159

 
345

 
5,910

 
35,936

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
265,541

 
235,847

 
703,692

 
589,967

INCOME TAX PROVISION
48,150

 
66,015

 
(27,550
)
 
145,573

INCOME FROM CONTINUING OPERATIONS
217,391

 
169,832

 
731,242

 
444,394

LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX
(145
)
 
(779
)
 
(2,943
)
 
(965
)
NET INCOME
$
217,246

 
$
169,053

 
$
728,299

 
$
443,429

NET INCOME APPLICABLE TO COMMON STOCK
$
217,246

 
$
169,053

 
$
672,151

 
$
347,458

Net earnings per share:
 
 
 
 
 
 
 
Net earnings per share from continuing operations - basic and diluted
$
3.91

 
$
3.09

 
$
12.14

 
$
6.25

Net loss per share from discontinued operations -
basic and diluted

 
(0.01
)
 
(0.05
)
 
(0.02
)
Net earnings per share
$
3.91

 
$
3.08

 
$
12.09

 
$
6.23

Cash dividends paid per common share
$

 
$

 
$

 
$
24.00

Weighted-average shares outstanding:
 
 
 
 
 
 
 
Basic and diluted
55,597

 
54,890

 
55,598

 
55,773

See notes to condensed consolidated financial statements.

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TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE THIRTEEN AND THIRTY-NINE WEEK PERIODS ENDED
JUNE 30, 2018 AND JULY 1, 2017
(Amounts in thousands)
(Unaudited)
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Net income
$
217,246

 
$
169,053

 
$
728,299

 
$
443,429

Other comprehensive (loss) income, net of tax:
 
 
 
 
 
 
 
Foreign currency translation adjustments
(32,543
)
 
24,525

 
(4,355
)
 
4,523

Interest rate swap and cap agreements
2,307

 
(8,386
)
 
65,781

 
32,568

Other comprehensive (loss) income, net of tax
(30,236
)
 
16,139

 
61,426

 
37,091

TOTAL COMPREHENSIVE INCOME
$
187,010

 
$
185,192

 
$
789,725

 
$
480,520

See notes to condensed consolidated financial statements.

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TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT
FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 30, 2018
(Amounts in thousands, except share amounts)
(Unaudited)
 
Common Stock
 
Additional Paid-In
Capital
 
 
 
Accumulated Other Comprehensive (Loss) Income
 
Treasury Stock
 
 
 
Number
of Shares
 
Par
Value
 
 
Accumulated
Deficit
 
 
Number
of Shares
 
Value
 
Total
BALANCE, OCTOBER 1, 2017
56,093,659

 
$
561

 
$
1,095,319

 
$
(3,187,220
)
 
$
(85,143
)
 
(4,159,207
)
 
$
(774,721
)
 
$
(2,951,204
)
Unvested dividend equivalents and other

 

 

 
(12,654
)
 

 

 

 
(12,654
)
Compensation expense recognized for employee stock options and restricted stock

 

 
35,460

 

 

 

 

 
35,460

Exercise of employee stock options, restricted stock activity and other, net
623,361

 
6

 
40,621

 

 

 
(2,119
)
 
(583
)
 
40,044

Common stock issued
505

 

 
149

 

 

 

 

 
149

Net income

 

 

 
728,299

 

 

 

 
728,299

Foreign currency translation adjustments

 

 

 

 
(4,355
)
 

 

 
(4,355
)
Interest rate swaps and caps, net of tax

 

 

 

 
65,781

 

 

 
65,781

BALANCE, JUNE 30, 2018
56,717,525

 
$
567

 
$
1,171,549

 
$
(2,471,575
)
 
$
(23,717
)
 
(4,161,326
)
 
$
(775,304
)
 
$
(2,098,480
)
See notes to condensed consolidated financial statements.

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TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
(Unaudited)
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
OPERATING ACTIVITIES:
 
 
 
Net income
$
728,299

 
$
443,429

Net loss from discontinued operations
2,943

 
965

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation
41,248

 
37,581

Amortization of intangible assets and product certification costs
54,286

 
71,495

Amortization of debt issuance costs, original issue discount and premium
16,179

 
15,530

Refinancing costs
5,910

 
35,936

Non-cash equity compensation
36,411

 
32,707

Deferred income taxes
(166,783
)
 
270

Changes in assets/liabilities, net of effects from acquisitions of businesses:
 
 
 
Trade accounts receivable
(861
)
 
(21,195
)
Inventories
(21,992
)
 
(325
)
Income taxes receivable/payable
6,730

 
(12,782
)
Other assets
(2,500
)
 
(4,104
)
Accounts payable
724

 
(12,342
)
Accrued interest
6,670

 
741

Accrued and other liabilities
(16,354
)
 
(32,690
)
Net cash provided by operating activities
690,910

 
555,216

INVESTING ACTIVITIES:
 
 
 
Capital expenditures
(50,097
)
 
(55,671
)
Payments made in connection with acquisitions
(582,262
)
 
(135,507
)
Proceeds (payments made) in connection with the sale (purchase)
of discontinued operations
57,686

 
(79,695
)
Net cash used in investing activities
(574,673
)
 
(270,873
)
FINANCING ACTIVITIES:
 
 
 
Proceeds from exercise of stock options
40,621

 
18,046

Special dividend and dividend equivalent payments
(56,148
)
 
(1,376,034
)
Treasury stock purchased

 
(389,821
)
Proceeds from term loans, net
12,779,772

 
1,132,755

Repayments on term loans
(12,155,198
)
 
(48,453
)
Proceeds from senior subordinated notes due 2026, net
490,411

 

Cash tender and redemption of senior subordinated notes due 2021, including premium

 
(528,847
)
Proceeds from additional senior subordinated notes due 2025, net

 
300,517

Other
(9,904
)
 
(10,777
)
Net cash provided by (used in) financing activities
1,089,554

 
(902,614
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
(2,979
)
 
1,833

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
1,202,812

 
(616,438
)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
650,561

 
1,586,994

CASH AND CASH EQUIVALENTS, END OF PERIOD
$
1,853,373

 
$
970,556

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
 
 
 
Cash paid during the period for interest
$
469,667

 
$
434,295

Cash paid during the period for income taxes
$
123,597

 
$
157,899

See notes to condensed consolidated financial statements.

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TRANSDIGM GROUP INCORPORATED
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
THIRTY-NINE WEEK PERIOD S ENDED JUNE 30, 2018 AND JULY 1, 2017
(UNAUDITED)
 
1.    DESCRIPTION OF THE BUSINESS
Description of the Business – TransDigm Group Incorporated (“TD Group”), through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly every commercial and military aircraft in service today. TransDigm Inc., along with TransDigm Inc.’s direct and indirect wholly-owned operating subsidiaries (collectively, with TD Group, the “Company” or “TransDigm”), offers a broad range of proprietary aerospace components. TD Group has no significant assets or operations other than its 100% ownership of TransDigm Inc. TD Group’s common stock is listed on the New York Stock Exchange, or the NYSE, under the trading symbol “TDG.”
Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, databus and power controls, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.
2.    UNAUDITED INTERIM FINANCIAL INFORMATION
The financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s financial position and results of operations and cash flows for the interim periods presented. These financial statements and notes should be read in conjunction with the financial statements and related notes for the year ended September 30, 2017 included in TD Group’s Form 10-K filed on November 13, 2017. As disclosed therein, the Company’s annual consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“GAAP”). The September 30, 2017 condensed consolidated balance sheet was derived from TD Group’s audited financial statements. The results of operations for the thirty-nine week period ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year.
Certain reclassifications have been made to the prior year financial statements to conform to current year presentation related to the designation of Schroth as discontinued operations beginning in the fourth quarter of fiscal 2017 (refer to Note 14, "Discontinued Operations," for further information) and an organizational realignment effective October 1, 2017 of certain businesses comprising the Power & Control and the Non-Aviation segments.
3.    ACQUISITIONS AND DIVESTITURES
During the thirty-nine week period ended June 30, 2018 , the Company completed the acquisitions of Extant Components Group Holdings, Inc. ("Extant") and the Kirkhill elastomers business ("Kirkhill") from Esterline Technologies. During the fiscal year ended September 30, 2017 , the Company completed the acquisitions of three separate aerospace product lines (collectively, the "Third Quarter 2017 Acquisitions"). The Company accounted for the acquisitions using the acquisition method and included the results of operations of the acquisitions in its condensed consolidated financial statements from the effective date of each acquisition. As of June 30, 2018 , the one-year measurement period is open for Extant and Kirkhill; therefore, the assets acquired and liabilities assumed related to these acquisitions are subject to adjustment until the end of their respective one-year measurement periods. The Company is in the process of obtaining a third-party valuation of certain intangible assets and tangible assets and liabilities of Kirkhill and Extant. Pro forma net sales and results of operations for the acquisitions had they occurred at the beginning of the applicable thirty-nine week period ended June 30, 2018 or July 1, 2017 are not material and, accordingly, are not provided.
The acquisitions strengthen and expand the Company’s position to design, produce and supply highly engineered proprietary aerospace components in niche markets with significant aftermarket content and provide opportunities to create value through the application of our three core value-driven operating strategies (obtaining profitable new business, improving our cost structure, and providing highly engineered value-added products to customers). The purchase price paid for each acquisition reflects the current earnings before interest, taxes, depreciation and amortization (EBITDA) and cash flows, as well as the future EBITDA and cash flows expected to be generated by the business, which are driven in most cases by the recurring aftermarket consumption over the life of a particular aircraft, estimated to be approximately 25 to 30 years .

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Extant – On April 24, 2018, the Company acquired all of the outstanding stock of Extant for a total purchase price of approximately $532.5 million in cash, which is net of a $0.2 million working capital settlement received in the third quarter of fiscal 2018. Extant provides a broad range of proprietary aftermarket products and repair and overhaul services to the aerospace and defense end markets. Extant owns or exclusively licenses in excess of 2,500 assemblies and sub-assemblies on over 70 active platforms. Extant is included in TransDigm's Power and Control segment.
Prior to the Company's acquisition of Extant, Extant was owned by an equity fund sponsored by Warburg Pincus LLC. Michael Graff, a director of TransDigm, is a managing director of Warburg Pincus LLC and was chairman of the board of Extant.  Robert Henderson, Vice Chairman of TransDigm, was also on the board of Extant and owned less than 2% of Extant on a fully diluted basis. In addition, Mr. Graff, Mr. W. Nicholas Howley, TransDigm's Executive Chairman, and Messrs. Douglas Peacock and David Barr, directors of TransDigm, each had minority interests of less than 1% in the Warburg Pincus LLC fund that owned Extant.
The total purchase price of Extant was allocated to the underlying assets acquired and liabilities assumed based upon management’s estimated fair values at the date of acquisition. To the extent the purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, such excess was allocated to goodwill. The following table summarizes the purchase price allocation of the estimated fair values of the assets acquired and liabilities assumed at the transaction date (in thousands).
Assets acquired:
 
Current assets, excluding cash acquired
$
58,021

Property, plant, and equipment
4,124

Intangible assets
36,000

Goodwill
460,707

Other
86

Total assets acquired
558,938

Liabilities assumed:
 
Current liabilities
9,213

Other noncurrent liabilities
17,226

Total liabilities assumed
26,439

Net assets acquired
$
532,499

The Company expects that approximately $44 million of goodwill recognized for the acquisition will be deductible for tax purposes over 15 years and approximately $417 million of goodwill recognized for the acquisition will not be deductible for tax purposes.
Kirkhill – On March 15, 2018, the Company acquired the assets and certain liabilities of the Kirkhill elastomers business from Esterline Technologies for a total purchase price of approximately $49.3 million , which is net of a $0.6 million working capital settlement received in the third quarter of fiscal 2018. Kirkhill's products are primarily proprietary, sole source with significant aftermarket content and used in a broad variety of most major commercial transport and military platforms. Kirkhill is included in TransDigm's Airframe segment. The Company expects that no goodwill recognized for the acquisition will be deductible for tax purposes.
Third Quarter 2017 Acquisitions – The Third Quarter 2017 Acquisitions were acquired for an aggregate purchase price of approximately $106.7 million in cash, which includes working capital settlements totaling $1.0 million paid in the third and fourth quarters of fiscal 2017 and an earn-out of $0.4 million paid in the second quarter of fiscal 2018. All three product lines consist primarily of proprietary, sole source products with significant aftermarket content. The products include highly engineered aerospace controls, quick disconnect couplings, and communication electronics. Each product line acquired was consolidated into an existing TransDigm reporting unit within TransDigm's Power & Control segment. Approximately $66 million of goodwill recognized for the acquisitions is deductible for tax purposes over 15 years and approximately $9 million of goodwill recognized for the acquisitions is not deductible for tax purposes.
Schroth – On February 22, 2017, the Company acquired all of the outstanding stock of Schroth Safety Products GmbH and certain aviation and defense assets and liabilities from subsidiaries of Takata Corporation (collectively, "Schroth"), for a total purchase price of approximately $89.7 million , which consisted primarily of $79.7 million paid in cash during fiscal 2017 and an approximately $9.0 million indemnity holdback, of which $8.5 million was paid in April 2018.
In connection with the settlement of a Department of Justice investigation into the competitive effects of the acquisition, during the fourth quarter of 2017, the Company committed to dispose of the Schroth business. Therefore, Schroth was classified as held-for-sale beginning in the fourth quarter of 2017. The results of operations of Schroth are reflected as discontinued operations in the accompanying condensed consolidated financial statements.

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On January 26, 2018, the Company completed the sale of Schroth in a management buyout to a private equity fund and certain members of Schroth management for approximately $61.4 million , which includes a working capital adjustment of $0.3 million that was settled in July 2018. Further disclosure related to Schroth’s discontinued operations is included in Note 14.
4.    RECENT ACCOUNTING PRONOUNCEMENTS
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, which created a new topic in the Accounting Standards Codification (“ASC”) 606, “Revenue From Contracts With Customers .” In addition to superseding and replacing nearly all existing U.S. GAAP revenue recognition guidance, including industry-specific guidance, ASC 606 establishes a new control-based revenue recognition model. The new revenue standards may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The guidance is effective for the Company for annual reporting periods, including interim periods therein, beginning October 1, 2018, which will be the Company’s date of adoption. The Company will use the modified retrospective method. The Company is continuing to evaluate the impact of the standard. For each reporting unit, we have evaluated a representative sample of contracts and other agreements with our customers and evaluated the provisions contained within these contracts and agreements in consideration of the five step model specified within ASC 606. We are in the process of documenting the impact of the standard on our current accounting policies and practices in order to identify material differences, if any, that would result from applying the new requirements to our revenue contracts. We continue to make progress on our assessment of ASC 606 and are also in the process of evaluating the impact on changes to our business processes, systems, and controls to support recognition and disclosure requirements under ASC 606.
In February 2016, the FASB issued ASU 2016-02, “Leases (ASC 842),” which will require that a lessee recognize assets and liabilities on the balance sheet for all leases with a lease term of more than twelve months, with the result being the recognition of a right of use asset and a lease liability.  Additionally, in July 2018, the FASB issued ASU 2018-10, "Codification Improvements to ASC 842, Leases" which provides narrow amendments to clarify how to apply certain aspects of the new leases standard. The new leases standard guidance is effective for the Company for annual reporting periods, including interim periods therein, beginning October 1, 2019, with early adoption permitted.  The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements and disclosures.
In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (ASU 2016-13)," which changes the impairment model for most financial assets. The new model uses a forward-looking expected loss method, which will generally result in earlier recognition of allowances for losses. ASU 2016-13 is effective for annual and interim periods beginning after December 15, 2019 and early adoption is permitted for annual and interim periods beginning after December 15, 2018. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements and disclosures.
In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows—Classification of Certain Cash Receipts and Cash Payments," which clarifies existing guidance related to accounting for cash receipts and cash payments and classification on the statement of cash flows. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company elected to early adopt this standard in the fourth quarter of fiscal 2017. The adoption of this standard did not have a material impact on its consolidated statement of cash flows.
In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment,” to eliminate Step 2 from the goodwill impairment test in order to simplify the subsequent measurement of goodwill. The guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this standard is not expected to have a material impact on its consolidated financial statements and disclosures.
In March 2017, the FASB issued ASU 2017-07, "Compensation—Retirement Benefits (ASC 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost," that will change how employers that sponsor defined benefit and/or other postretirement benefit plans present the net periodic benefit cost in the income statement. Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. Employers will have to disclose the line(s) used to present the other components of net periodic benefit cost, if the components are not presented separately in the income statement.The standard is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within the fiscal year. Early adoption is permitted, including adoption in any interim period for which financial statements have not yet been issued. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.

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In May 2017, the FASB issued ASU 2017-09, "Compensation—Stock Compensation (ASC 718): Scope of Modification Accounting," which provides clarity on which changes to the terms or conditions of share-based payment awards require an entity to apply the modification accounting provisions required in ASC 718. The standard is effective for all entities for annual periods beginning after December 15, 2017, with early adoption permitted, including adoption in any interim period for which financial statements have not yet been issued. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.
In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (ASC 815): Targeted Improvements to Accounting for Hedging Activities,” which amends the FASB’s hedge accounting model to enable entities to better portray their risk management activities in financial statements. The guidance eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The guidance also eases certain documentation and assessment requirements and modifies the accounting for components excluded from the assessment of hedge effectiveness. ASU 2017-12 is effective for the Company for annual reporting periods, including interim periods therein, beginning October 1, 2018, with early adoption permitted. As early adoption is permissible, the Company adopted the pronouncement beginning October 1, 2017. Changes were applied prospectively in accordance with the standard and prior periods were not adjusted. The adoption of this standard did not have a material impact on our consolidated financial statements and disclosures.
In February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income (ASC 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which gives entities the option to reclassify tax effects stranded in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act (the "Act") into retained earnings. The guidance allows entities to reclassify from accumulated other comprehensive income to retained earnings stranded tax effects resulting from the Act's new federal corporate income tax rate. The guidance also allows entities to elect to reclassify other stranded tax effects that relate to the Act but do not directly relate to the change in the federal tax rate (e.g., state taxes, changing from a worldwide tax system to a territorial system). Tax effects that are stranded in accumulated other comprehensive income for other reasons (e.g., prior changes in tax law, a change in valuation allowance) may not be reclassified. The standard is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within the fiscal year. Early adoption is permitted, including adoption in any interim period for which financial statements have not yet been issued. Entities have the option to apply the guidance retrospectively or in the period of adoption. The adoption of this standard is not expected to have a material impact on our consolidated financial statements.
In March 2018, the FASB issued ASU 2018-05, “Income Taxes (ASC 740), Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118.” The ASU adds various SEC paragraphs pursuant to the issuance of the December 2017 SEC Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”), which was effective immediately. The SEC issued SAB 118 to address concerns about reporting entities’ ability to timely comply with the accounting requirements to recognize all of the effects of the Tax Cuts and Jobs Act in the period of enactment. SAB 118 allows disclosure that timely determination of some or all of the income tax effects from the Tax Cuts and Jobs Act are incomplete by the due date of the financial statements and if possible to provide a reasonable estimate. We have accounted for the tax effects of the Tax Cuts and Jobs Act under the guidance of SAB 118, on a provisional basis. Our accounting for certain income tax effects is incomplete, but we have determined reasonable estimates for those effects and have recorded provisional amounts in our condensed consolidated financial statements. Refer to Note 9, "Income Taxes," for further information.

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5.    EARNINGS PER SHARE (TWO-CLASS METHOD)
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Numerator for earnings per share:
 
 
 
 
 
 
 
Net income from continuing operations
$
217,391

 
$
169,832

 
$
731,242

 
$
444,394

Less dividends paid on participating securities

 

 
(56,148
)
 
(95,971
)
 
$
217,391

 
$
169,832

 
$
675,094

 
$
348,423

Net loss from discontinued operations
(145
)
 
(779
)
 
(2,943
)
 
(965
)
Net income applicable to common stock - basic and diluted
$
217,246

 
$
169,053

 
$
672,151

 
$
347,458

Denominator for basic and diluted earnings per share under the two-class method:
 
 
 
 
 
 
 
Weighted average common shares outstanding
52,470

 
51,932

 
52,241

 
52,718

Vested options deemed participating securities
3,127

 
2,958

 
3,357

 
3,055

Total shares for basic and diluted earnings per share
55,597

 
54,890

 
55,598

 
55,773

 
 
 
 
 
 
 
 
Net earnings per share from continuing operations - basic and diluted
$
3.91

 
$
3.09

 
$
12.14

 
$
6.25

Net loss per share from discontinued operations - basic and diluted

 
(0.01
)
 
(0.05
)
 
(0.02
)
Net earnings per share
$
3.91

 
$
3.08

 
$
12.09

 
$
6.23

6.    INVENTORIES
Inventories are stated at the lower of cost or market. Cost of inventories is generally determined by the average cost and the first-in, first-out (FIFO) methods and includes material, labor and overhead related to the manufacturing process.
Inventories consist of the following (in thousands):
 
June 30, 2018
 
September 30, 2017
Raw materials and purchased component parts
$
553,006

 
$
496,899

Work-in-progress
220,883

 
187,009

Finished goods
139,395

 
131,548

Total
913,284

 
815,456

Reserves for excess and obsolete inventory
(98,033
)
 
(84,775
)
Inventories - Net
$
815,251

 
$
730,681

7.    INTANGIBLE ASSETS
Other intangible assets - net in the condensed consolidated balance sheets consist of the following (in thousands):
 
June 30, 2018
 
September 30, 2017
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
Trademarks and trade names
$
746,859

 
$

 
$
746,859

 
$
729,931

 
$

 
$
729,931

Technology
1,309,675

 
399,828

 
909,847

 
1,292,719

 
351,638

 
941,081

Order backlog
11,000

 
4,275

 
6,725

 
29,000

 
26,668

 
2,332

Other
73,226

 
21,583

 
51,643

 
63,599

 
19,081

 
44,518

Total
$
2,140,760

 
$
425,686

 
$
1,715,074

 
$
2,115,249

 
$
397,387

 
$
1,717,862


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Intangible assets acquired during the thirty-nine week period ended June 30, 2018 were as follows (in thousands):
 
Gross Amount
 
Amortization Period
Intangible assets not subject to amortization:
 
 
 
Goodwill
$
460,961

 
 
Trademarks and trade names
17,300

 
 
 
478,261

 
 
Intangible assets subject to amortization:
 
 
 
Technology
20,600

 
20 years
Order backlog
8,300

 
1 year
Customer relationships
10,000

 
20 years
 
38,900

 
15.9 years
Total
$
517,161

 
 
The aggregate amortization expense on identifiable intangible assets for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 was approximately $53.8 million and $70.8 million , respectively. The estimated amortization expense is $73.2 million for fiscal year 2018 , $73.3 million for fiscal year 2019 , and $68.7 million for each of the four succeeding fiscal years 2020 through 2023 .
The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2017 through June 30, 2018 (in thousands):
 
Power &
Control
 
Airframe
 
Non-
aviation
 
Total
Balance - September 30, 2017
$
3,269,981

 
$
2,382,082

 
$
93,275

 
$
5,745,338

Goodwill acquired during the year
460,707

 
254

 

 
460,961

Purchase price allocation adjustments
5,354

 

 

 
5,354

Currency translation adjustment

 
(2,401
)
 

 
(2,401
)
Other
(192
)
 
187

 

 
(5
)
Balance - June 30, 2018
$
3,735,850

 
$
2,380,122

 
$
93,275

 
$
6,209,247

8.    DEBT
The Company’s debt consists of the following (in thousands):
 
June 30, 2018
 
Gross Amount
 
Debt Issuance Costs
 
Original Issue Discount or Premium
 
Net Amount
Short-term borrowings—trade receivable securitization facility
$
300,000

 
$
(44
)
 
$

 
$
299,956

Term loans
$
7,619,039

 
$
(73,105
)
 
$
(21,984
)
 
$
7,523,950

5.50% senior subordinated notes due 2020 (2020 Notes)
550,000

 
(2,451
)
 

 
547,549

6.00% senior subordinated notes due 2022 (2022 Notes)
1,150,000

 
(5,861
)
 

 
1,144,139

6.50% senior subordinated notes due 2024 (2024 Notes)
1,200,000

 
(7,160
)
 

 
1,192,840

6.50% senior subordinated notes due 2025 (2025 Notes)
750,000

 
(3,637
)
 
3,772

 
750,135

6.375% senior subordinated notes due 2026 (6.375% 2026 Notes)
950,000

 
(8,050
)
 

 
941,950

6.875% senior subordinated notes due 2026 (6.875% 2026 Notes)
500,000

 
(5,038
)
 
(3,722
)
 
491,240

 
12,719,039

 
(105,302
)
 
(21,934
)
 
12,591,803

Less current portion
76,427

 
(634
)
 

 
75,793

Long-term debt
$
12,642,612

 
$
(104,668
)
 
$
(21,934
)
 
$
12,516,010


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September 30, 2017
 
Gross Amount
 
Debt Issuance Costs
 
Original Issue Discount or Premium
 
Net Amount
Short-term borrowings—trade receivable securitization facility
$
300,000

 
$
(413
)
 
$

 
$
299,587

Term loans
$
6,973,009

 
$
(64,104
)
 
$
(18,948
)
 
$
6,889,957

5.50% 2020 Notes
550,000

 
(3,243
)
 

 
546,757

6.00% 2022 Notes
1,150,000

 
(6,941
)
 

 
1,143,059

6.50% 2024 Notes
1,200,000

 
(8,042
)
 

 
1,191,958

6.50% 2025 Notes
750,000

 
(4,033
)
 
4,182

 
750,149

6.375% 2026 Notes
950,000

 
(8,806
)
 

 
941,194

 
11,573,009

 
(95,169
)
 
(14,766
)
 
11,463,074

Less current portion
70,031

 
(577
)
 

 
69,454

Long-term debt
$
11,502,978

 
$
(94,592
)
 
$
(14,766
)
 
$
11,393,620

Accrued interest was $88.9 million and $82.2 million as of June 30, 2018 and September 30, 2017 , respectively.
Amendment No. 4 to the Second Amended and Restated Credit Agreement - On November 30, 2017, the Company entered into Amendment No. 4 to the Second Amended and Restated Credit Agreement. Pursuant to Amendment No. 4, TransDigm, among other things, incurred new tranche E term loans and new Tranche F term loans in aggregate principal amounts equal to $1,503 million and $2,857 million , respectively, and repaid in full all of the existing tranche E term loans and Tranche F term loans outstanding under the Second and Amended Restated Credit Agreement immediately prior to the refinancing facility agreement. Additionally, pursuant to Amendment No. 4, TransDigm converted approximately $798 million of existing tranche D term loans into additional tranche F term loans. The refinancing facility agreement also decreased the margin applicable to the existing tranche E term loans and tranche F term loans to LIBO rate plus 2.75% per annum. The terms and conditions (other than maturity date and pricing) that apply to the tranche E and tranche F term loans are substantially the same as the terms and conditions that apply to the tranche D term loans immediately prior to Amendment No. 4.
In addition to the incremental discount of $1.0 million recorded for the tranche F term loans, the Company capitalized $2.9 million and expensed $0.7 million of refinancing costs representing debt issuance costs associated with Amendment No. 4 during the thirty-nine week period ended June 30, 2018 . The Company also wrote off $0.5 million in unamortized debt issuance costs related to the tranche D term loans that were converted to tranche F term loans and wrote off $0.2 million in unamortized debt issuance costs related to the tranche F terms loans.
Refinancing Facility Agreement to the Second Amended and Restated Credit Agreement - On February 22, 2018, the Company entered into a refinancing facility agreement. TransDigm, among other things, incurred new tranche G term loans in an aggregate principal amount equal to $1,809 million and repaid in full all of the existing tranche G term loans outstanding under the Second and Amended Restated Credit Agreement immediately prior to the refinancing facility agreement. The refinancing facility agreement also decreased the margin applicable to the tranche G term loans to LIBO rate plus 2.5% per annum. The terms and conditions that apply to the tranche G term loans other than pricing are substantially the same as the terms and conditions that apply to the tranche G term loans immediately prior to the refinancing facility agreement.
The Company capitalized $0.5 million and expensed $0.3 million of refinancing costs representing debt issuance costs associated with the refinancing facility agreement during the thirty-nine week period ended June 30, 2018 . Additionally, the Company wrote off $0.2 million in unamortized debt issuance costs related to the tranche G terms loans.
Issuance of Senior Subordinated Notes – On May 8, 2018, TransDigm UK Holdings plc, a wholly-owned, indirect subsidiary of TD Group, issued $500 million in aggregate principal amount of new 6.875% 2026 Notes at an issue price of 99.24% of the principal amount. The 6.875% 2026 Notes bear interest at the rate of 6.875% per annum, which accrues from May 8, 2018 and is payable semiannually in arrears on May 15 and November 15 of each year, commencing on November 15, 2018. The 6.875% 2026 Notes mature on May 15, 2026, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the Indenture governing these 6.875% 2026 Notes.
The 6.875% 2026 Notes are subordinated to all of the Company's existing and future senior debt, rank equally with all of its existing and future senior subordinated debt and rank senior to all of its future debt that is expressly subordinated to the 6.875% 2026 Notes. The 6.875% 2026 Notes are guaranteed on a senior subordinated unsecured basis by TransDigm Inc., TD Group and TransDigm Inc.'s Domestic Restricted Subsidiaries, as defined in the applicable indenture. The guarantees of the 6.875% 2026 Notes are subordinated to all of the guarantors’ existing and future senior debt, rank equally with all of their existing and future senior subordinated debt and rank senior to all of their future debt that is expressly

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subordinated to the guarantees of the 6.875% 2026 Notes. The 6.875% 2026 Notes are structurally subordinated to all of the liabilities of TD Group’s non-guarantor subsidiaries.
The 6.875% 2026 Notes Indenture contains certain covenants that, among other things, limit the incurrence of additional indebtedness, the payment of dividends, transactions with affiliates, asset sales, acquisitions, mergers, and consolidations, liens and encumbrances, and prepayments of certain other indebtedness. The 6.875% 2026 Notes Indenture contains events of default customary for agreements of their type (with customary grace periods, as applicable) and provide that, upon the occurrence of an event of default arising from certain events of bankruptcy or insolvency, all outstanding 6.875% 2026 Notes will become due and payable immediately without further action or notice. If any other type of event of default occurs and is continuing, then the trustee or the holders of at least 25% in principal amount of the outstanding 6.875% 2026 Notes may declare all such notes to be due and payable immediately.
In addition to the discount of $3.8 million recorded upon the issuance of these 6.875% 2026 Notes, the Company capitalized $5.1 million and expensed $0.6 million of refinancing costs associated with the issuance of the 6.875% 2026 Notes during the thirty-nine week period ended June 30, 2018 .
Amendment No. 5 to the Second Amended and Restated Credit Agreement - On May 30, 2018, the Company entered into Amendment No. 5 to the Second Amended and Restated Credit Agreement. The Company capitalized $7.2 million of refinancing costs representing fees associated with the execution of Amendment No. 5 during the thirty-nine week period ended June 30, 2018 .
Pursuant to Amendment No. 5, the Company, among other things, incurred new tranche E term loans in an aggregate principal amount equal to $1,322 million , and repaid in full all of the existing tranche E term loans outstanding under the Second Amended and Restated Credit Agreement immediately prior to Amendment No. 5. The Company also incurred incremental tranche E term loans in an aggregate principal amount equal to $933 million . The new tranche E term loans and incremental tranche E term loans mature on May 30, 2025. Amendment No. 5 also decreased the margin applicable to the new tranche E term loans to LIBO rate plus 2.5% per annum. The terms and conditions that apply to the tranche E term loans, other than the maturity date and margin, are substantially the same as the terms and conditions that apply to the tranche E term loans immediately prior to Amendment No. 5. In addition to the discount of $4.7 million recorded for the tranche E term loans, the Company capitalized $7.0 million and expensed $2.6 million of refinancing costs representing debt issuance costs associated with Term Loan E during the thirty-nine week period ended June 30, 2018 . The Company also wrote off $0.3 million in unamortized debt issuance costs related to the tranche E terms loans.
Additionally, pursuant to Amendment No. 5, the Company incurred new tranche F term loans in an aggregate principal amount equal to $3,578 million , and repaid in full all of the existing tranche F term loans outstanding under the Second and Amended Restated Credit Agreement immediately prior to Amendment No. 5. Amendment No. 5 also decreased the margin applicable to the tranche F term loans to LIBO rate plus 2.5% per annum. The Company capitalized $2.0 million of refinancing costs representing debt issuance costs associated with the tranche F term loans during the thirty-nine week period ended June 30, 2018 . Additionally, the Company wrote off $0.3 million in unamortized debt issuance costs related to the tranche F term loans.
Finally, under the terms of Amendment No. 5, the maturity date of our $600 million revolving credit facility was extended to December 28, 2022. The terms and conditions that apply to the revolving credit facility, other than the maturity date, are substantially the same as the terms and conditions that applied to the revolving credit facility immediately prior to Amendment No. 5. At June 30, 2018 , the Company had $14.6 million in letters of credit outstanding and $585.4 million of borrowings available under the revolving commitments. During the thirty-nine week period ended June 30, 2018 , the Company capitalized $0.4 million and expensed $0.2 million representing debt issuance costs expensed in conjunction with the refinancing of the revolving credit facility.

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9.    INCOME TAXES
The Tax Cuts and Jobs Act (the "Act") was enacted on December 22, 2017. The Act reduces the U.S. federal corporate tax rate from 35% to 21% , requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and creates new taxes on certain foreign-sourced earnings. The rate change is administratively effective at the beginning of our fiscal year (October 1, 2017), using a blended rate for the annual period. As a result, the blended statutory tax rate for the year is 24.5% . At June 30, 2018 , we had not completed our accounting for the tax effects of enactment of the Act; however, in certain cases, we have made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax in accordance with the SEC's amendment to SAB 118. We have recognized a provisional benefit amount of $170.2 million related to the remeasurement of our deferred tax balance for the thirty-nine week period ended June 30, 2018. However, we are still analyzing certain aspects of the Act and refining our calculations, which could potentially affect the measurement of these balances or potentially give rise to new deferred tax amounts. In addition, we have recognized a provisional expense amount of $23.1 million for our one-time transition tax liability for the thirty-nine week period ended June 30, 2018 . The one-time transition tax is based on our total post-1986 earnings and profits ("E&P") that we previously deferred from U.S. income taxes and is based in part on the amount of those earnings held in cash and other specified assets. However, we continue to refine the calculation of the total post-1986 E&P for our foreign subsidiaries. This amount may change when we finalize the calculation of post-1986 foreign E&P previously deferred from US federal taxation and finalize the amounts held in cash or other specified assets. As a result of the Act, we recognized a net provisional benefit amount of $147.1 million as a discrete tax benefit, which is included as a component of income tax expense from continuing operations for the thirty-nine week period ended June 30, 2018 .
At the end of each reporting period, TD Group makes an estimate of its annual effective income tax rate. The estimate used in the year-to-date period may change in subsequent periods. During the thirteen week periods ended June 30, 2018 and July 1, 2017 , the effective income tax rate was 18.1% and 28.0% , respectively. During the thirty-nine week period s ended June 30, 2018 and July 1, 2017 , the effective income tax rate was (3.9)% and 24.7% , respectively. The Company's lower effective tax rate for the thirteen week period ended June 30, 2018 was primarily due to the reduction in the U.S. federal corporate statutory rate related to the enactment of the Act. The Company’s lower effective tax rate for the thirty-nine week period ended June 30, 2018 was primarily due to the reduction in the U.S. federal corporate tax rate as well as discrete adjustments related to the enactment of the Act described above. The Company’s effective tax rate for the thirteen and thirty-nine week periods ended June 30, 2018 was lower than the Federal statutory tax rate primarily due to the enactment of the Act described above. The Company’s effective tax rate for the thirteen and thirty-nine week periods ended July 1, 2017 was lower than the Federal statutory tax rate primarily due to excess tax benefits from share based payments, the domestic manufacturing deduction and foreign earnings taxed at rates lower than the U.S. statutory rate.
The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions as well as foreign jurisdictions located in Belgium, Canada, China, France, Germany, Hong Kong, Hungary, Japan, Malaysia, Mexico, Norway, Singapore, Sri Lanka, Sweden and the United Kingdom. The Company is no longer subject to U.S. federal examinations for years before fiscal 2014. The Company is currently under U.S. federal examination for fiscal 2014. In addition, the Company is subject to state income tax examinations for fiscal years 2009 and later.
At June 30, 2018 and September 30, 2017 , TD Group had $10.3 million and $8.7 million in unrecognized tax benefits, the recognition of which would have an effect of approximately $10.2 million on the effective tax rate at June 30, 2018 and $8.7 million on the effective tax rate at September 30, 2017 . The Company believes the tax positions that comprise the unrecognized tax benefits will be reduced by approximately $1.6 million over the next 12 months. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense.
10.    FAIR VALUE MEASUREMENTS
The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

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The following summarizes the carrying amounts and fair values of financial instruments (in thousands):
 
 
 
June 30, 2018
 
September 30, 2017
 
Level
 
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
1

 
$
1,853,373

 
$
1,853,373

 
$
650,561

 
$
650,561

        Interest rate cap agreements (1)
2

 
31,948

 
31,948

 
12,904

 
12,904

Interest rate swap agreements (2)
2

 
5,458

 
5,458

 

 

Interest rate swap agreements (1)
2

 
40,919

 
40,919

 
2,905

 
2,905

Liabilities:
 
 
 
 
 
 
 
 
 
Interest rate swap agreements (3)
2

 
1,554

 
1,554

 
20,740

 
20,740

Interest rate swap agreements (4)
2

 
4,153

 
4,153

 
9,731

 
9,731

Short-term borrowings - trade receivable securitization facility (5)
1

 
299,956

 
299,956

 
299,587

 
299,587

Long-term debt, including current portion:
 
 
 
 
 
 
 
 
 
Term loans (5)
2

 
7,523,950

 
7,536,675

 
6,889,957

 
6,965,628

5.50% 2020 Notes (5)
1

 
547,549

 
548,625

 
546,757

 
558,250

6.00% 2022 Notes (5)
1

 
1,144,139

 
1,155,750

 
1,143,059

 
1,178,750

6.50% 2024 Notes (5)
1

 
1,192,840

 
1,215,000

 
1,191,958

 
1,236,000

6.50% 2025 Notes (5)
1

 
750,135

 
757,500

 
750,149

 
776,807

6.375% 2026 Notes (5)
1

 
941,950

 
942,875

 
941,194

 
971,375

6.875% 2026 Notes (5)
1

 
491,240

 
506,250

 

 

                                     
(1)  
Included in other non-current assets on the condensed consolidated balance sheet.
(2)  
Included in prepaid expenses and other on the condensed consolidated balance sheet.
(3)  
Included in accrued liabilities on the condensed consolidated balance sheet.
(4)  
Included in other non-current liabilities on the condensed consolidated balance sheet.
(5)  
The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 8, "Debt," for gross carrying amounts.
The Company values its financial instruments using an industry standard market approach, in which prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. No financial instruments were recognized using unobservable inputs.
Interest rate swaps were measured at fair value using quoted market prices for the swap interest rate indexes over the term of the swap discounted to present value versus the fixed rate of the contract. The interest rate caps were measured at fair value using implied volatility rates of each individual caplet and the yield curve for the related periods. The estimated fair value of the Company’s term loans was based on information provided by the agent under the Company’s senior secured credit facility. The estimated fair values of the Company’s notes were based upon quoted market prices. There has not been any impact to the fair value of derivative liabilities due to the Company's own credit risk. Similarly, there has not been any impact to the fair value of derivative assets based on the Company's evaluation of counterparties' credit risks.
The fair value of cash and cash equivalents, trade accounts receivable-net and accounts payable approximated book value due to the short-term nature of these instruments at June 30, 2018 and September 30, 2017 .
11.    DERIVATIVES AND HEDGING ACTIVITIES
The Company is exposed to, among other things, the impact of changes in interest rates in the normal course of business. The Company’s risk management program is designed to manage the exposure and volatility arising from these risks, and utilizes derivative financial instruments to offset a portion of these risks. The Company uses derivative financial instruments only to the extent necessary to hedge identified business risks and does not enter into such transactions for trading purposes. The Company generally does not require collateral or other security with counterparties to these financial instruments and is therefore subject to credit risk in the event of nonperformance; however, the Company monitors credit risk and currently does not anticipate nonperformance by other parties. The Company has agreements with each of its

15

Table of Contents

swap and cap counterparties that contain a provision whereby if the Company defaults on the credit facility the Company could also be declared in default on its swaps and caps, resulting in an acceleration of payment under the swaps and caps.
Interest rate swap and cap agreements are used to manage interest rate risk associated with floating-rate borrowings under our credit facility. The interest rate swap and cap agreements utilized by the Company effectively modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate basis through the expiration date of the interest rate swap and cap agreements, thereby reducing the impact of interest rate changes on future interest expense. These agreements involve the receipt of floating rate amounts in exchange for fixed rate interest payments over the term of the agreements without an exchange of the underlying principal amount. These derivative instruments qualify as effective cash flow hedges under GAAP. For these cash flow hedges, the effective portion of the gain or loss from the financial instruments was initially reported as a component of accumulated other comprehensive loss in stockholders’ deficit and subsequently reclassified into earnings in the same line as the hedged item in the same period or periods during which the hedged item affected earnings. As the interest rate swap and cap agreements are used to manage interest rate risk, any gains or losses from the derivative instruments that are reclassified into earnings are recognized in interest expense - net in the condensed consolidated statements of income.
The following table summarizes the Company's interest rate swap agreements:
Aggregate Notional Amount
(in millions)
Start Date
End Date
Related Term Loans
Conversion of Related Variable Rate Debt to
Fixed Rate of:
$750
3/31/2016
6/30/2020
Tranche E
5.3% (2.8% plus the 2.5% margin percentage)
$500
6/29/2018
3/31/2025
Tranche E
5.5% (3.0% plus the 2.5% margin percentage)
$750
6/30/2020
6/30/2022
Tranche E
5.0% (2.5% plus the 2.5% margin percentage)
$1,500
6/30/2022
3/31/2025
Tranche E
5.6% (3.1% plus the 2.5% margin percentage)
$1,000
9/30/2014
6/28/2019
Tranche F
4.9% (2.4% plus the 2.5% margin percentage)
$1,000
6/28/2019
6/30/2021
Tranche F
4.3% (1.8% plus the 2.5% margin percentage)
$1,400
6/30/2021
3/31/2023
Tranche F
5.5% (3.0% plus the 2.5% margin percentage)
$500
12/30/2016
12/30/2021
Tranche G
4.4% (1.9% plus the 2.5% margin percentage)
$400
9/30/2017
9/30/2022
Tranche G
4.4% (1.9% plus the 2.5% margin percentage)
$900
12/31/2021
6/28/2024
Tranche G
5.6% (3.1% plus the 2.5% margin percentage)
$400
9/30/2022
6/28/2024
Tranche G
5.5% (3.0% plus the 2.5% margin percentage)
The following table summarizes the Company's interest rate cap agreements:
Aggregate Notional Amount
(in millions)
Start Date
End Date
Related Term Loans
Offsets Variable Rate Debt Attributable to
Fluctuations Above:
$750
9/30/2015
6/30/2020
Tranche E
Three month LIBO rate of 2.5%
$750
6/30/2020
6/30/2022
Tranche E
Three month LIBO rate of 2.5%
$400
6/30/2016
6/30/2021
Tranche F
Three month LIBO rate of 2.0%
$400
12/30/2016
12/30/2021
Tranche G
Three month LIBO rate of 2.5%

16

Table of Contents

All interest rate swap and cap agreements are recognized in our condensed consolidated balance sheets at fair value. Certain derivative asset and liability balances are offset where master netting agreements provide for the legal right of setoff. For classification purposes, we record the net fair value of each type of derivative position that is expected to settle in less than one year with each counterparty as a net current asset or liability and each type of long-term position as a net long-term asset or liability. The amounts shown in the table below represent the gross amounts of recognized assets and liabilities, the amounts offset in the condensed consolidated balance sheet and the net amounts of assets and liabilities presented therein.
 
 
June 30, 2018
 
September 30, 2017
 
 
Asset
 
Liability
 
Asset
 
Liability
Interest rate cap agreements
 
$
31,948

 
$

 
$
12,904

 
$

Interest rate swap agreements
 
57,945

 
(17,275
)
 
9,235

 
(36,801
)
Total
 
89,893

 
(17,275
)
 
22,139

 
(36,801
)
Effect of counterparty netting
 
(11,568
)
 
11,568

 
(6,330
)
 
6,330

Net derivatives as classified in the balance sheet (1)
 
$
78,325

 
$
(5,707
)
 
$
15,809

 
$
(30,471
)
                                     
(1)  
Refer to Note 10, "Fair Value Measurements," for the condensed consolidated balance sheet classification of our interest rate swap and cap agreements.
Based on the fair value amounts of the interest rate swap and cap agreements determined as of June 30, 2018 , the estimated net amount of existing gains and losses and caplet amortization expected to be reclassified into interest income within the next twelve months is approximately $0.4 million .
Effective September 30, 2016, the Company redesignated the interest rate cap agreements related to the $400 million and the $750 million aggregate notional amount with cap rates of 2.0% and 2.5% , respectively, based on the expected probable cash flows associated with the 2016 term loans and 2015 term loans in consideration of the Company’s ability to select one-month, two-month, three-month, or six-month LIBO rate set forth in the Second Amended and Restated Credit Agreement.  Accordingly, amounts previously recorded as a component of accumulated other comprehensive loss in stockholder’s deficit amortized into interest expense was $3.0 million and $2.9 million for the thirty-nine week period s ended June 30, 2018 and July 1, 2017, respectively. The accumulated other comprehensive loss to be reclassified into interest expense over the remaining term of the cap agreements is $7.9 million with a related tax benefit of $2.2 million as of June 30, 2018 .
Effective December 30, 2017, the Company redesignated the existing interest rate swap agreements related to the $750 million , $500 million , $1,000 million and $750 million aggregate notional amounts with swap rates of 5.00% , 4.40% , 4.30% and 5.30% , respectively, based on the expected probable cash flows associated with certain term loans in consideration of the Company’s removal of the LIBO rate floor on the certain term loans as set forth in Amendment No. 4 to the Second Amended and Restated Credit Agreement.  Accordingly, the amount recorded as a component of accumulated other comprehensive loss in stockholders’ deficit related to these redesignated interest rate swap hedges will be amortized into earnings based on the original maturity date of the related interest rate swap agreements. Amounts previously recorded as a component of accumulated other comprehensive loss in stockholder’s deficit amortized into interest expense was $0.5 million for the thirty-nine week period ended June 30, 2018 . The accumulated other comprehensive gain to be reclassified into interest expense over the remaining term of the swap agreements is immaterial.
Effective March 31, 2018, the Company redesignated the existing interest rate swap agreements related to the $1,000 million and the $400 million aggregate notional amount with swap rates of 4.90% and 4.40% , respectively, based on the expected probable cash flows associated with certain term loans in consideration of the Company’s removal of the LIBO rate floor on the certain term loans as set forth in the refinancing facility agreement dated February 22, 2018 related to the Second Amended and Restated Credit Agreement. Accordingly, the amount recorded as a component of accumulated other comprehensive loss in stockholders’ deficit related to these redesignated interest rate swap hedges will be amortized into earnings based on the original maturity date of the related interest rate swap agreements. Amounts previously recorded as a component of accumulated other comprehensive loss in stockholder’s deficit amortized into interest income was $0.7 million for the thirty-nine week period ended June 30, 2018 . The accumulated other comprehensive gain to be reclassified into interest income over the remaining term of the swaps agreements is $12.1 million with a related tax expense of $2.9 million as of June 30, 2018.

17

Table of Contents

12.    SEGMENTS
The Company’s businesses are organized and managed in three reporting segments: Power & Control, Airframe and Non-aviation.
The Power & Control segment includes operations that primarily develop, produce and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. Major product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, high performance hoists, winches and lifting devices and cargo loading and handling systems. Primary customers of this segment are engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels.
The Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Major product offerings include engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes and cargo delivery systems. Primary customers of this segment are airframe manufacturers and cabin system suppliers and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels.
The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Major product offerings include seat belts and safety restraints for ground transportation applications, mechanical/electro-mechanical actuators and controls for space applications, refueling systems for heavy equipment used in mining, construction and other industries and turbine controls for the energy and oil and gas markets. Primary customers of this segment are off-road vehicle suppliers and subsystem suppliers, child restraint system suppliers, satellite and space system suppliers, manufacturers of heavy equipment used in mining, construction and other industries and turbine original equipment manufacturers, gas pipeline builders and electric utilities.
The primary measurement used by management to review and assess the operating performance of each segment is EBITDA As Defined. The Company defines EBITDA As Defined as earnings before interest, taxes, depreciation and amortization plus certain non-operating items recorded as corporate expenses including refinancing costs, acquisition-related costs, transaction-related costs and non-cash compensation charges incurred in connection with the Company’s stock option plans. Acquisition-related costs represent accounting adjustments to inventory associated with acquisitions of businesses and product lines that were charged to cost of sales when the inventory was sold; costs incurred to integrate acquired businesses and product lines into the Company’s operations, facility relocation costs and other acquisition-related costs; transaction related costs comprising deal fees; legal, financial and tax diligence expenses and valuation costs that are required to be expensed as incurred and other acquisition accounting adjustments.
EBITDA As Defined is not a measurement of financial performance under GAAP. Although the Company uses EBITDA As Defined to assess the performance of its business and for various other purposes, the use of this non-GAAP financial measure as an analytical tool has limitations, and it should not be considered in isolation or as a substitute for analysis of the Company’s results of operations as reported in accordance with GAAP.
The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. The accounting policies for each segment are the same as those described in the summary of significant accounting policies in the Company’s consolidated financial statements. Intersegment sales and transfers are recorded at values based on market prices, which creates intercompany profit on intersegment sales or transfers that is eliminated in consolidation. Intersegment sales were insignificant for the periods presented below. Certain corporate-level expenses are allocated to the operating segments.
Effective October 1, 2017, the Company made an organizational realignment of certain businesses comprising the Power & Control, Airframe and the Non-Aviation segments. Operating results for the thirteen and thirty-nine week period s ended July 1, 2017 and total assets as of September 30, 2017 were reclassified to conform to the presentation for the thirteen and thirty-nine week period s ended June 30, 2018 .

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The following table presents net sales by reportable segment (in thousands):
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Net sales to external customers
 
 
 
 
 
 
 
Power & Control
$
546,905

 
$
499,069

 
$
1,558,083

 
$
1,408,853

Airframe
398,596

 
362,871

 
1,101,771

 
1,072,044

Non-aviation
35,161

 
35,715

 
101,838

 
99,504

 
$
980,662

 
$
897,655

 
$
2,761,692

 
$
2,580,401

The following table reconciles EBITDA As Defined by segment to consolidated income from continuing operations before income taxes (in thousands):
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
EBITDA As Defined
 
 
 
 
 
 
 
Power & Control
$
288,202

 
$
262,855

 
$
808,539

 
$
708,601

Airframe
196,746

 
184,091

 
541,171

 
535,600

Non-aviation
11,075

 
11,908

 
30,392

 
32,576

Total segment EBITDA As Defined
496,023

 
458,854

 
1,380,102

 
1,276,777

Unallocated corporate expenses
8,882

 
11,266

 
28,305

 
26,319

Total Company EBITDA As Defined
487,141

 
447,588

 
1,351,797

 
1,250,458

Depreciation and amortization expense
33,925

 
36,367

 
95,534

 
109,076

Interest expense - net
167,577

 
152,141

 
489,776

 
445,986

Acquisition-related costs
10,381

 
4,484

 
16,940

 
30,804

Stock compensation expense
13,708

 
11,580

 
36,411

 
32,707

Refinancing costs
4,159

 
345

 
5,910

 
35,936

Other, net
(8,150
)
 
6,824

 
3,534

 
5,982

Income from continuing operations before income taxes
$
265,541

 
$
235,847

 
$
703,692

 
$
589,967

The following table presents total assets by segment (in thousands):
 
June 30, 2018
 
September 30, 2017
Total assets
 
 
 
Power & Control
$
5,712,597

 
$
5,135,459

Airframe
3,977,451

 
3,923,172

Non-aviation
227,905

 
224,936

Corporate
1,886,524

 
614,594

Assets of discontinued operations

 
77,500

 
$
11,804,477

 
$
9,975,661

The Company’s sales principally originate from the United States, and the Company’s long-lived assets are principally located in the United States.

19

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13.    ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents the components of accumulated other comprehensive loss, net of taxes, for the thirty-nine week period ended June 30, 2018 (in thousands):
 
Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges (1)
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at September 30, 2017
$
(26,669
)
 
$
(16,365
)
 
$
(42,109
)
 
$
(85,143
)
Current-period other comprehensive gain (loss)
63,742

 

 
(4,355
)
 
59,387

Amounts reclassified from AOCI related to interest rate swap and cap agreements
2,039

 

 

 
2,039

Balance at June 30, 2018
$
39,112

 
$
(16,365
)
 
$
(46,464
)
 
$
(23,717
)
                                     
(1)  
Unrealized (loss) gain represents interest rate swap and cap agreements, net of taxes of $(954) and $5,002 for the thirteen week periods ended June 30, 2018 and July 1, 2017 and $(25,679) and $(19,425) for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 , respectively.
A summary of reclassifications out of accumulated other comprehensive loss for the  thirty-nine week period s ended June 30, 2018  and July 1, 2017 is provided below (in thousands):
 
 
Amount reclassified
 
 
Thirty-Nine Week Periods Ended
Description of reclassifications out of accumulated other comprehensive loss
 
June 30, 2018
 
July 1, 2017
Amortization from redesignated interest rate swap and cap agreements (1)
 
$
2,816

 
$
2,870

Deferred tax benefit from redesignated interest rate swap and cap agreements
 
(777
)
 
(1,072
)
Losses reclassified into earnings, net of tax
 
$
2,039

 
$
1,798

                                     
(1)  
This component of accumulated other comprehensive loss is included in interest expense (see Note 11, “Derivatives and Hedging Activities,” for additional information).
14.    DISCONTINUED OPERATIONS
In connection with the settlement of a Department of Justice investigation into the competitive effects of the acquisition, during the fourth quarter of 2017, the Company committed to dispose of the Schroth business.  Therefore, Schroth was classified as held-for-sale in the fourth quarter of 2017. The results of operations of Schroth are reflected as discontinued operations in the accompanying consolidated financial statements for all periods presented. On January 26, 2018, the Company completed the sale of Schroth in a management buyout to a private equity fund and certain members of Schroth management for approximately $61.4 million , which includes a working capital adjustment of $0.3 million that was settled on July 6, 2018. The Company previously acquired Schroth in February 2017 (refer to Note 3, “Acquisitions and Divestitures”).

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Table of Contents

The loss from discontinued operations was $0.1 million and $2.9 million in the condensed consolidated statements of income for the thirteen and thirty-nine week periods ended June 30, 2018 . The loss from discontinued operations was $0.8 million and $1.0 million in the condensed consolidated statements of income for the thirteen and thirty-nine week periods ended July 1, 2017. Previously, in the fourth quarter of fiscal 2017, we recorded a $32.0 million impairment charge to write down the Schroth assets to fair value. The impairment charge was based on an internal assessment of the recovery of Schroth’s assets. The following is the summarized operating results for Schroth for the thirteen and thirty-nine week periods ended June 30, 2018 and July 1, 2017 (in thousands):
 
Thirteen Week Period Ended
 
Thirty-Nine Week Period Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Net sales
$

 
$
10,012

 
$
11,808

 
$
14,516

(Loss) Income from discontinued operations before income taxes

 
(779
)
 
354

 
(965
)
Income tax benefit

 

 
2,016

 

(Loss) Income from discontinued operations, net of tax

 
(779
)
 
2,370

 
(965
)
Net loss on sale of discontinued operations, net of tax
(145
)
 

 
(5,313
)
 

Loss from discontinued operations
$
(145
)
 
$
(779
)
 
$
(2,943
)
 
$
(965
)

15.    SUBSEQUENT EVENTS
On July 13, 2018, the Company acquired all of the outstanding stock of Skandia Inc. ("Skandia") for a total purchase price of approximately $84 million , including the assumption of debt and subject to purchase price adjustments. The Company financed the acquisition with cash on hand. Skandia provides highly engineered seating foam, foam fabrication, flammability testing and acoustic solutions for the business jet market. Skandia will be included in TransDigm's Airframe segment. The Company expects that no goodwill recognized for the acquisition will be deductible for tax purposes.
On July 31, 2018, the Company amended the trade receivable securitization facility to extend the maturity date to July 31, 2019. In connection with the Company's amendment of the trade receivable securitization facility, the Company increased the borrowing capacity from $300 million to $350 million . As of June 30, 2018, the Company has borrowed $300 million under the trade receivable securitization facility.
16.    SUPPLEMENTAL GUARANTOR INFORMATION
TransDigm Inc.’s 2020 Notes, 2022 Notes, 2024 Notes, 2025 Notes and 6.375% 2026 Notes are jointly and severally guaranteed, on a senior subordinated basis, by TD Group, TransDigm UK Holdings plc ("TransDigm UK") and TransDigm Inc.’s Domestic Restricted Subsidiaries, as defined in the applicable Indentures. TransDigm UK's 6.875% 2026 Notes are jointly and severally guaranteed, on a senior subordinated basis, by TD Group, TransDigm Inc. and TransDigm Inc.'s Domestic Restricted Subsidiaries as defined in the applicable indenture. The following supplemental condensed consolidating financial information presents, in separate columns, the balance sheets of the Company as of June 30, 2018 and September 30, 2017 and its statements of income and comprehensive income and cash flows for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 for (i) TransDigm Group on a parent only basis with its investment in subsidiaries recorded under the equity method, (ii) TransDigm Inc. including its directly owned operations and non-operating entities, excluding TransDigm UK, (iii) TransDigm UK (iv) the Subsidiary Guarantors (other than TransDigm UK) on a combined basis, (v) Non-Guarantor Subsidiaries and (vi) the Company on a consolidated basis.
Separate financial statements of TransDigm Inc. are not presented because TransDigm Inc.’s 2020 Notes, 2022 Notes, 2024 Notes, 2025 Notes and 6.375% 2026 Notes are fully and unconditionally guaranteed on a senior subordinated basis by TD Group, TransDigm UK and all of TransDigm Inc's Domestic Restricted Subsidiaries and because TD Group has no significant operations or assets separate from its investment in TransDigm Inc.
Separate financial statements of TransDigm UK are not presented because TransDigm UK's 6.875% 2026 Notes, issued in May 2018, are fully and unconditionally guaranteed on a senior subordinated basis by TD Group, TransDigm Inc. and all of TransDigm Inc.'s Domestic Restricted Subsidiaries.



21

Table of Contents

TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JUNE 30, 2018
(Amounts in thousands)
 
TransDigm
Group
 
TransDigm
Inc.
 
TransDigm UK
 
Subsidiary
Guarantors
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
924

 
$
1,628,948

 
$
150

 
$
25

 
$
223,326

 
$

 
$
1,853,373

Trade accounts receivable - Net

 

 

 
22,003

 
648,401

 
(12,236
)
 
658,168

Inventories - Net

 
47,309

 

 
653,972

 
117,027

 
(3,057
)
 
815,251

Prepaid expenses and other

 
26,406

 

 
21,188

 
11,016

 

 
58,610

Total current assets
924

 
1,702,663

 
150

 
697,188

 
999,770

 
(15,293
)
 
3,385,402

INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES
(2,099,404
)
 
10,325,919

 
1,096,125

 
8,600,056

 
2,177,711

 
(20,100,407
)
 

PROPERTY, PLANT AND 
EQUIPMENT - NET

 
15,585

 

 
314,510

 
50,380

 

 
380,475

GOODWILL

 
128,764

 

 
5,419,486

 
660,997

 

 
6,209,247

OTHER INTANGIBLE ASSETS - NET

 
16,583

 

 
1,453,885

 
244,606

 

 
1,715,074

OTHER

 
79,366

 

 
29,159

 
5,754

 

 
114,279

TOTAL ASSETS
$
(2,098,480
)
 
$
12,268,880

 
$
1,096,275

 
$
16,514,284

 
$
4,139,218

 
$
(20,115,700
)
 
$
11,804,477

LIABILITIES AND STOCKHOLDERS’
(DEFICIT) EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$

 
$
75,793

 
$

 
$

 
$

 
$

 
$
75,793

Short-term borrowings - trade receivable securitization facility

 

 

 

 
299,956

 

 
299,956

Accounts payable

 
15,974

 

 
115,763

 
36,550

 
(12,350
)
 
155,937

Accrued liabilities

 
109,607

 
4,679

 
124,531

 
46,667

 

 
285,484

Total current liabilities

 
201,374

 
4,679

 
240,294

 
383,173

 
(12,350
)
 
817,170

LONG-TERM DEBT

 
12,024,770

 
491,240

 

 

 

 
12,516,010

DEFERRED INCOME TAXES

 
299,043

 

 
100

 
58,537

 

 
357,680

OTHER NON-CURRENT LIABILITIES

 
110,255

 

 
74,904

 
26,938

 

 
212,097

Total liabilities

 
12,635,442

 
495,919

 
315,298

 
468,648

 
(12,350
)
 
13,902,957

STOCKHOLDERS’ (DEFICIT) EQUITY
(2,098,480
)
 
(366,562
)
 
600,356

 
16,198,986

 
3,670,570

 
(20,103,350
)
 
(2,098,480
)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
$
(2,098,480
)
 
$
12,268,880

 
$
1,096,275

 
$
16,514,284

 
$
4,139,218

 
$
(20,115,700
)
 
$
11,804,477


22


TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF SEPTEMBER 30, 2017
(Amounts in thousands)
 
TransDigm
Group
 
TransDigm
Inc.
 
TransDigm UK
 
Subsidiary
Guarantors
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
2,416

 
$
439,473

 
$

 
$
(203
)
 
$
208,875

 
$

 
$
650,561

Trade accounts receivable - Net

 

 

 
25,069

 
652,807

 
(41,749
)
 
636,127

Inventories - Net

 
47,051

 

 
571,712

 
114,018

 
(2,100
)
 
730,681

Assets held-for-sale

 

 

 
6,428

 
71,072

 

 
77,500

Prepaid expenses and other

 
4,746

 

 
24,141

 
9,796

 

 
38,683

Total current assets
2,416

 
491,270

 

 
627,147

 
1,056,568

 
(43,849
)
 
2,133,552

INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES
(2,953,620
)
 
10,263,999

 

 
7,599,210

 
966,675

 
(15,876,264
)
 

PROPERTY, PLANT AND EQUIPMENT - NET

 
16,032

 

 
261,434

 
47,458

 

 
324,924

GOODWILL

 
85,905

 

 
4,996,034

 
663,399

 

 
5,745,338

OTHER INTANGIBLE ASSETS - NET

 
27,620

 

 
1,438,006

 
252,236

 

 
1,717,862

OTHER

 
20,316

 

 
27,567

 
6,102

 

 
53,985

TOTAL ASSETS
$
(2,951,204
)
 
$
10,905,142

 
$

 
$
14,949,398

 
$
2,992,438

 
$
(15,920,113
)
 
$
9,975,661

LIABILITIES AND STOCKHOLDERS’
(DEFICIT) EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$

 
$
69,454

 
$

 
$

 
$

 
$

 
$
69,454

Short-term borrowings - trade receivable securitization facility

 

 

 

 
299,587

 

 
299,587

Accounts payable

 
14,712

 

 
137,948

 
37,667

 
(41,566
)
 
148,761

Accrued liabilities

 
180,916

 

 
103,902

 
51,070

 

 
335,888

Liabilities held-for-sale

 

 

 

 
17,304

 

 
17,304

Total current liabilities

 
265,082

 

 
241,850

 
405,628

 
(41,566
)
 
870,994

LONG-TERM DEBT

 
11,393,620

 

 

 

 

 
11,393,620

DEFERRED INCOME TAXES

 
442,415

 

 
(99
)
 
58,633

 

 
500,949

OTHER NON-CURRENT LIABILITIES

 
61,347

 

 
73,245

 
26,710

 

 
161,302

Total liabilities

 
12,162,464

 

 
314,996

 
490,971

 
(41,566
)
 
12,926,865

STOCKHOLDERS’ (DEFICIT) EQUITY
(2,951,204
)
 
(1,257,322
)
 

 
14,634,402

 
2,501,467

 
(15,878,547
)
 
(2,951,204
)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
$
(2,951,204
)
 
$
10,905,142

 
$

 
$
14,949,398

 
$
2,992,438

 
$
(15,920,113
)
 
$
9,975,661


23


TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 30, 2018
(Amounts in thousands)
 
TransDigm
Group
 
TransDigm
Inc.
 
TransDigm UK
 
Subsidiary
Guarantors
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
NET SALES
$

 
$
118,783

 
$

 
$
2,243,838

 
$
459,571

 
$
(60,500
)
 
$
2,761,692

COST OF SALES

 
68,022

 

 
895,381

 
278,545

 
(60,500
)
 
1,181,448

GROSS PROFIT

 
50,761

 

 
1,348,457

 
181,026

 

 
1,580,244

SELLING AND ADMINISTRATIVE EXPENSES

 
74,708

 

 
198,652

 
53,713

 

 
327,073

AMORTIZATION OF INTANGIBLE ASSETS

 
1,038

 

 
46,533

 
6,222

 

 
53,793

(LOSS) INCOME FROM OPERATIONS

 
(24,985
)
 

 
1,103,272

 
121,091

 

 
1,199,378

INTEREST EXPENSE (INCOME) - NET

 
478,341

 
2,569

 
(4
)
 
8,870

 

 
489,776

REFINANCING COSTS

 
5,839

 
71

 

 

 

 
5,910

EQUITY IN INCOME OF SUBSIDIARIES
(728,299
)
 
(913,523
)
 

 

 

 
1,641,822

 

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
728,299

 
404,358

 
(2,640
)
 
1,103,276

 
112,221

 
(1,641,822
)
 
703,692

INCOME TAX PROVISION

 
(323,941
)
 

 
283,975

 
12,416

 

 
(27,550
)
INCOME FROM CONTINUING OPERATIONS
728,299

 
728,299

 
(2,640
)
 
819,301

 
99,805

 
(1,641,822
)
 
731,242

(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX

 

 

 
(2,310
)
 
(633
)
 

 
(2,943
)
NET INCOME
$
728,299

 
$
728,299

 
$
(2,640
)
 
$
816,991

 
$
99,172

 
$
(1,641,822
)
 
$
728,299

OTHER COMPREHENSIVE INCOME, NET OF TAX
61,426

 
66,480

 

 
8,553

 
(15,123
)
 
(59,910
)
 
61,426

TOTAL COMPREHENSIVE INCOME
$
789,725

 
$
794,779

 
$
(2,640
)
 
$
825,544

 
$
84,049

 
$
(1,701,732
)
 
$
789,725


24


TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME
FOR THE THIRTY-NINE WEEK PERIOD ENDED JULY 1, 2017
(Amounts in thousands)
 
TransDigm
Group
 
TransDigm
Inc.
 
TransDigm UK
 
Subsidiary
Guarantors
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
NET SALES
$

 
$
102,467

 
$

 
$
2,161,060

 
$
380,843

 
$
(63,969
)
 
$
2,580,401

COST OF SALES

 
56,826

 

 
897,838

 
235,393

 
(63,044
)
 
1,127,013

GROSS PROFIT

 
45,641

 

 
1,263,222

 
145,450

 
(925
)
 
1,453,388

SELLING AND ADMINISTRATIVE EXPENSES
69

 
73,480

 

 
195,700

 
41,428

 

 
310,677

AMORTIZATION OF INTANGIBLE ASSETS

 
635

 

 
64,072

 
6,115

 

 
70,822

(LOSS) INCOME FROM OPERATIONS
(69
)
 
(28,474
)
 

 
1,003,450

 
97,907

 
(925
)
 
1,071,889

INTEREST EXPENSE (INCOME) - NET

 
452,867

 

 
(816
)
 
(6,065
)
 

 
445,986

REFINANCING COSTS

 
35,936

 

 

 

 

 
35,936

EQUITY IN INCOME OF SUBSIDIARIES
(443,498
)
 
(984,479
)
 

 

 

 
1,427,977

 

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
443,429

 
467,202

 

 
1,004,266

 
103,972

 
(1,428,902
)
 
589,967

INCOME TAX PROVISION

 
23,704

 

 
116,846

 
5,023

 

 
145,573

INCOME FROM CONTINUING OPERATIONS
443,429

 
443,498

 

 
887,420

 
98,949

 
(1,428,902
)
 
444,394

(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX

 

 

 
(782
)
 
(183
)
 

 
(965
)
NET INCOME
$
443,429

 
$
443,498

 
$

 
$
886,638

 
$
98,766

 
$
(1,428,902
)
 
$
443,429

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
37,091

 
32,569

 

 
16,985

 
6,753

 
(56,307
)
 
37,091

TOTAL COMPREHENSIVE INCOME
$
480,520

 
$
476,067

 
$

 
$
903,623

 
$
105,519

 
$
(1,485,209
)
 
$
480,520


25


TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 30, 2018
(Amounts in thousands)
 
TransDigm
Group
 
TransDigm
Inc.
 
TransDigm UK
 
Subsidiary
Guarantors
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES
$

 
$
(291,416
)
 
$
2,110

 
$
863,173

 
$
117,043

 
$

 
$
690,910

INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(1,372
)
 

 
(41,999
)
 
(6,726
)
 

 
(50,097
)
Payments made in connection with acquisitions

 
(582,262
)
 

 

 

 

 
(582,262
)
Proceeds in connection with sale of discontinued operations

 
57,686

 

 

 

 

 
57,686

Net cash used in investing activities

 
(525,948
)
 

 
(41,999
)
 
(6,726
)
 

 
(574,673
)
FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany activities
14,035

 
1,392,169

 
(492,371
)
 
(820,946
)
 
(92,887
)
 

 

Proceeds from exercise of stock options
40,621

 

 

 

 

 

 
40,621

Special dividend and dividend equivalent payments
(56,148
)
 

 

 

 

 

 
(56,148
)
Proceeds from term loans, net

 
12,779,772

 

 

 

 

 
12,779,772

Repayment on term loans

 
(12,155,198
)
 

 

 

 

 
(12,155,198
)
Proceeds from 6.875% 2026 Notes, net

 

 
490,411

 

 

 

 
490,411

Other

 
(9,904
)
 

 

 

 

 
(9,904
)
Net cash (used in) provided by financing activities
(1,492
)
 
2,006,839

 
(1,960
)
 
(820,946
)
 
(92,887
)
 

 
1,089,554

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

 

 

 

 
(2,979
)
 

 
(2,979
)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
(1,492
)
 
1,189,475

 
150

 
228

 
14,451

 

 
1,202,812

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
2,416

 
439,473

 

 
(203
)
 
208,875

 

 
650,561

CASH AND CASH EQUIVALENTS, END OF PERIOD
$
924

 
$
1,628,948

 
$
150

 
$
25

 
$
223,326

 
$

 
$
1,853,373


26


TRANSDIGM GROUP INCORPORATED
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THIRTY-NINE WEEK PERIOD ENDED JULY 1, 2017
(Amounts in thousands)
 
TransDigm
Group
 
TransDigm
Inc.
 
TransDigm UK
 
Subsidiary
Guarantors
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Total
Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES
$
(69
)
 
$
(529,423
)
 
$

 
$
1,111,978

 
$
(27,965
)
 
$
695

 
$
555,216

INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(1,479
)
 

 
(50,480
)
 
(3,712
)
 

 
(55,671
)
Payments made in connection with acquisitions

 
(135,507
)
 

 

 

 

 
(135,507
)
Payments made in connection with acquisition of discontinued operations

 
(79,695
)
 

 

 

 

 
(79,695
)
Net cash used in investing activities

 
(216,681
)
 

 
(50,480
)
 
(3,712
)
 

 
(270,873
)
FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany activities
1,735,094

 
(751,701
)
 

 
(1,064,658
)
 
81,960

 
(695
)
 

Proceeds from exercise of stock options
18,046

 

 

 

 

 

 
18,046

Special dividend and dividend equivalent payments
(1,376,034
)
 

 

 

 

 

 
(1,376,034
)
Treasury stock repurchased
(389,821
)
 

 

 

 

 

 
(389,821
)
Proceeds from term loans, net

 
1,132,755

 

 

 

 

 
1,132,755

Repayment on term loans

 
(48,453
)
 

 

 

 

 
(48,453
)
Cash tender and redemption of the 2021 Notes, including premium

 
(528,847
)
 

 

 

 

 
(528,847
)
Proceeds from additional 2025 Notes offering, net

 
300,517

 

 

 

 

 
300,517

Other

 
(10,777
)
 

 

 

 

 
(10,777
)
Net cash (used in) provided by financing activities
(12,715
)
 
93,494

 

 
(1,064,658
)
 
81,960

 
(695
)
 
(902,614
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

 

 

 

 
1,833

 

 
1,833

(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
(12,784
)
 
(652,610
)
 

 
(3,160
)
 
52,116

 

 
(616,438
)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
13,560

 
1,421,251

 

 
8,808

 
143,375

 

 
1,586,994

CASH AND CASH EQUIVALENTS, END OF PERIOD
$
776

 
$
768,641

 
$

 
$
5,648

 
$
195,491

 
$

 
$
970,556


27


ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Forward-looking Statements
The following discussion of the Company’s financial condition and results of operations should be read together with TD Group’s consolidated financial statements and the related notes included elsewhere in this Quarterly Report on Form 10-Q. References in this section to “TransDigm,” “the Company,” “we,” “us,” “our,” and similar references refer to TD Group, TransDigm Inc. and TransDigm Inc.’s subsidiaries, unless the context otherwise indicates.
This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, the statements about the Company’s plans, strategies and prospects under this section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” When used in this Quarterly Report on Form 10-Q, the words “believe,” “may,” “will,” “should,” “expect,” “intend,” “plan,” “predict,” “anticipate,” “estimate” or “continue” and other words and terms of similar meaning are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made in this report. Many such factors are outside the control of the Company. Consequently, such forward-looking statements should be regarded solely as our current plans, estimates and beliefs. The Company does not undertake, and specifically declines, any obligation, to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.
Important factors that could cause actual results to differ materially from the forward-looking statements made in this Quarterly Report on Form 10-Q include but are not limited to: the sensitivity of our business to the number of flight hours that our customers’ planes spend aloft and our customers’ profitability, both of which are affected by general economic conditions; future geopolitical or other worldwide events; cyber-security threats and natural disasters; our reliance on certain customers; the U.S. defense budget and risks associated with being a government supplier; failure to maintain government or industry approvals; failure to complete or successfully integrate acquisitions; our substantial indebtedness; potential environmental liabilities; increases in raw material costs, taxes and labor costs that cannot be recovered in product pricing; risks and costs associated with our international sales and operations; and other factors. Please refer to the other information included in this Quarterly Report on Form 10-Q and to Item 1A of the Annual Report on Form 10-K for additional information regarding the foregoing factors that may affect our business.
Overview
We believe we are a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly every commercial and military aircraft in service today. Our business is well diversified due to the broad range of products we offer to our customers. Some of our more significant product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, databus and power controls, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems. Each of these product offerings is composed of many individual products that are typically customized to meet the needs of a particular aircraft platform or customer.
For the third quarter of fiscal 2018 , we generated net sales of $980.7 million and net income of $217.2 million . EBITDA As Defined was $487.1 million , or 49.7% of net sales. See the "Non-GAAP Financial Measures" section for certain information regarding EBITDA and EBITDA As Defined, including reconciliations of EBITDA and EBITDA As Defined to net income and net cash provided by operating activities.
Critical Accounting Policies and Estimates
The preparation and fair presentation of the consolidated unaudited interim financial statements and accompanying notes included in this report are the responsibility of management. The financial statements and footnotes have been prepared in accordance with U.S. generally accepted accounting principles for interim financial statements and contain certain amounts that were based upon management’s best estimates, judgments and assumptions that were believed to be reasonable under the circumstances. On an ongoing basis, we evaluate the accounting policies and estimates used to prepare financial statements. Estimates are based on historical experience, judgments and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from these estimates used by management.

28

Table of Contents

A comprehensive discussion of the Company’s critical accounting policies and management estimates and significant accounting policies followed in the preparation of the financial statements is included in Item 7 of our Annual Report on Form 10-K for the year ended September 30, 2017. There have been no significant changes in critical accounting policies, management estimates or accounting policies followed since the year ended September 30, 2017. Refer to Note 4, "Recent Accounting Pronouncements," for a discussion of accounting standards recently adopted or required to be adopted in future periods.
Acquisitions
Recent acquisitions are described in Note 3, “Acquisitions and Divestitures,” and Note 15, "Subsequent Events," to the condensed consolidated financial statements included herein.
Results of Operations
The following table sets forth, for the periods indicated, certain operating data of the Company, including presentation of the amounts as a percentage of net sales (amounts in thousands):
 
Thirteen Week Periods Ended
 
June 30, 2018
 
% of Sales
 
July 1, 2017
 
% of Sales
Net sales
$
980,662

 
100.0
 %
 
$
897,655

 
100.0
 %
Cost of sales
411,142

 
41.9
 %
 
377,959

 
42.1
 %
Selling and administrative expenses
113,019

 
11.5
 %
 
108,104

 
12.0
 %
Amortization of intangible assets
19,224

 
2.0
 %
 
23,259

 
2.6
 %
Income from operations
437,277

 
44.6
 %
 
388,333

 
43.3
 %
Interest expense, net
167,577

 
17.1
 %
 
152,141

 
17.0
 %
Refinancing costs
4,159

 
0.4
 %
 
345

 
 %
Income tax provision
48,150

 
4.9
 %
 
66,015

 
7.4
 %
Income from continuing operations
$
217,391

 
22.2
 %
 
$
169,832

 
18.9
 %
Loss from discontinued operations, net of tax
(145
)
 
 %
 
(779
)
 
(0.1
)%
Net income
$
217,246

 
22.2
 %
 
$
169,053

 
18.8
 %
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
% of Sales
 
July 1, 2017
 
% of Sales
Net sales
$
2,761,692

 
100.0
 %
 
$
2,580,401

 
100.0
 %
Cost of sales
1,181,448

 
42.8
 %
 
1,127,013

 
43.7
 %
Selling and administrative expenses
327,073

 
11.8
 %
 
310,677

 
12.0
 %
Amortization of intangible assets
53,793

 
2.0
 %
 
70,822

 
2.8
 %
Income from operations
1,199,378

 
43.4
 %
 
1,071,889

 
41.5
 %
Interest expense, net
489,776

 
17.7
 %
 
445,986

 
17.3
 %
Refinancing costs
5,910

 
0.2
 %
 
35,936

 
1.4
 %
Income tax provision
(27,550
)
 
(1.0
)%
 
145,573

 
5.6
 %
Income from continuing operations
$
731,242

 
26.5
 %
 
$
444,394

 
17.2
 %
Loss from discontinued operations, net of tax
(2,943
)
 
(0.1
)%
 
(965
)
 
 %
Net income
$
728,299

 
26.4
 %
 
$
443,429

 
17.2
 %

29

Table of Contents

Changes in Results of Operations
Thirteen week period ended June 30, 2018 compared with the thirteen week period ended July 1, 2017
Total Company
Net Sales . Net organic sales and acquisition sales and the related dollar and percentage changes for the thirteen week periods ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirteen Week Periods Ended
 
 
 
% Change
Total  Sales
 
June 30, 2018
 
July 1, 2017
 
Change
 
Organic sales
$
937.2

 
$
897.7

 
$
39.5

 
4.4
%
Acquisition sales
43.5

 

 
43.5

 
4.8
%
 
$
980.7

 
$
897.7

 
$
83.0

 
9.2
%
The increase in organic sales related to an increase in commercial aftermarket sales of $22.3 million , or 7.0% , an increase in defense sales of $16.4 million , or 5.6% , and an increase in commercial OEM sales of $1.0 million , or 0.4% .
Acquisition sales represent sales of acquired businesses for the period up to one year subsequent to their acquisition dates. The amount of acquisition sales shown in the table above for the thirteen week period ended June 30, 2018 was attributable to Extant, Kirkhill, and the Third Quarter 2017 Acquisitions described in Note 3, "Acquisitions and Divestitures."
Cost of Sales and Gross Profit . Cost of sales increased by $33.1 million , or 8.8% , to $411.1 million for the thirteen week period ended June 30, 2018 compared to $378.0 million for the thirteen week period ended July 1, 2017 . Cost of sales and the related percentage of total sales for the thirteen week periods ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirteen Week Periods Ended
 
 
 
 
 
June 30, 2018
 
July 1, 2017
 
Change
 
% Change
Cost of sales - excluding costs below
$
413.8

 
$
370.4

 
$
43.4

 
11.7
 %
% of total sales
42.2
 %
 
41.3
%
 
 
 
 
Foreign currency (gain) loss
(9.4
)
 
6.3

 
(15.7
)
 
(249.2
)%
% of total sales
(1.0
)%
 
0.7
%
 
 
 
 
Inventory purchase accounting adjustments
3.2

 
0.3

 
2.9

 
966.7
 %
% of total sales
0.3
 %
 
%
 
 
 
 
Acquisition integration costs
3.5

 
1.0

 
2.5

 
250.0
 %
% of total sales
0.4
 %
 
0.1
%
 
 
 
 
Total cost of sales
$
411.1

 
$
378.0

 
$
33.1

 
8.8
 %
% of total sales
41.9
 %
 
42.1
%
 
 
 
 
Gross profit
$
569.5

 
$
519.7

 
$
49.8

 
9.6
 %
Gross profit percentage
58.1
 %
 
57.9
%
 
0.2
 
 
The net increase in the dollar amount of cost of sales during the thirteen week period ended June 30, 2018 was primarily due to increased volume associated with the sales from acquisitions and organic sales growth from the commercial OEM, aftermarket and defense markets. Partially offsetting the net increase in cost of sales were gains in foreign currency as presented in the table above.
Gross profit as a percentage of sales increased by 0.2 percentage points to 58.1% for the thirteen week period ended June 30, 2018 from 57.9% for the thirteen week period ended July 1, 2017 . The dollar amount of gross profit increased by $49.8 million , or 9.6% , for the quarter ended June 30, 2018 compared to the comparable quarter in the prior year due to the following items:
Gross profit on the sales from the acquisitions indicated above (excluding acquisition-related costs) was approximately $16.2 million for the quarter ended June 30, 2018 , which represented gross profit of approximately 37.2% of the acquisition sales.
Organic sales growth as described above, application of our three core value-driven operating strategies (obtaining profitable new business, continually improving our cost structure, and providing highly engineered value-added products to customers) and positive leverage on our fixed overhead costs spread over a higher production volume resulted in a net increase in gross profit of approximately $23.3 million for the quarter ended June 30, 2018 .

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Further increases in gross profit were due to $15.7 million in foreign currency gains, particularly due to the U.S. dollar appreciating against the Euro. Slightly offsetting the increases in gross profit was an increase of $2.9 million in inventory purchase accounting adjustments and an increase of $2.5 million in acquisition integration costs.
Selling and Administrative Expenses. Selling and administrative expenses increased by $4.9 million to $113.0 million , or 11.5% of sales, for the thirteen week period ended June 30, 2018 from $108.1 million , or 12.0% of sales, for the thirteen week period ended July 1, 2017 . Selling and administrative expenses and the related percentage of total sales for the thirteen week periods ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirteen Week Periods Ended
 
 
 
 
 
June 30, 2018
 
July 1, 2017
 
Change
 
% Change
Selling and administrative expenses - excluding costs below
$
97.0

 
$
94.6

 
$
2.4

 
2.5
%
% of total sales
9.9
%
 
10.5
%
 
 
 
 
Stock compensation expense
12.3

 
10.4

 
1.9

 
18.3
%
% of total sales
1.2
%
 
1.2
%
 
 
 
 
Acquisition-related expenses
3.7

 
3.1

 
0.6

 
19.4
%
% of total sales
0.4
%
 
0.3
%
 
 
 
 
Total selling and administrative expenses
$
113.0

 
$
108.1

 
$
4.9

 
4.5
%
% of total sales
11.5
%
 
12.0
%
 
 
 
 
The increase in the dollar amount of selling and administrative expenses during the quarter ended June 30, 2018 is primarily due to higher selling and administrative expenses from the recent acquisitions of $3.9 million which was approximately 8.9% of acquisition sales, higher stock compensation expense of approximately $1.9 million, and higher acquisition-related expenses of $0.6 million.
Amortization of Intangible Assets. Amortization of intangible assets was $19.2 million for the quarter ended June 30, 2018 compared to $23.3 million in the quarter ended July 1, 2017 . The decrease in amortization expense of $4.1 million was primarily due to the order backlog recorded in connection with the Young & Franklin/Tactair and Data Device Corporation acquisitions becoming fully amortized prior to fiscal 2018. This was partially offset by amortization expense on the definite-lived intangible assets (i.e., technology and order backlog) recorded in connection with the fiscal 2018 acquisitions of Extant and Kirkhill.
Refinancing Costs. Refinancing costs of $4.2 million were recorded for the quarter ended June 30, 2018 which related to the third quarter debt refinancing activity described in Note 8, "Debt." Refinancing costs of $0.3 million were recorded for the quarter ended July 1, 2017 representing debt issuance costs expensed in connection with the debt financing activity during the previous fiscal year.
Interest Expense-net. Interest expense-net includes interest on borrowings outstanding, amortization of debt issuance costs, original issue discount and premium and revolving credit facility fees slightly offset by interest income. Interest expense-net increased $15.5 million , or 10.2% , to $167.6 million for the quarter ended June 30, 2018 from $152.1 million for the comparable quarter last year. The net increase in interest expense-net was primarily due to an increase in the weighted average level of outstanding borrowings, which was approximately $12.4 billion for the quarter ended June 30, 2018 and approximately $11.2 billion for the quarter ended July 1, 2017 . The increase in weighted average level of borrowings was primarily due to the activity in the third fiscal quarter of 2018 activity consisting of issuing additional term loans of $700 million (gross), issuing $500 million in new 6.875% 2026 Notes, the additional $100 million drawn on the trade receivable securitization facility in the fourth quarter of fiscal 2017 and the additional net debt financing of $575 million in the fourth quarter of fiscal 2017. The increases in new debt described above were partially offset by principal payments on the term loans over the comparable period. The weighted average interest rate for cash interest payments on total borrowings outstanding at June 30, 2018 was 5.2%.
Income Taxes. Income tax expense as a percentage of income before income taxes was approximately 18.1% for the quarter ended June 30, 2018 compared to 28.0% for the quarter ended July 1, 2017 . The Company's lower effective tax rate for the thirteen week period ended June 30, 2018 was primarily due to a reduction in the U.S. federal corporate tax rate that was enacted in the Tax Cuts and Jobs Act which reduced the tax rate from 35% to 21%. As a result, the blended statutory tax rate for the year is 24.5%. Also contributing to the lower effective tax rate was the impact of excess tax benefits from share based payments.
Loss from Discontinued Operations . On January 26, 2018, the Company completed the sale of Schroth in a management buyout to a private equity fund and certain members of Schroth management for approximately $61.4 million which includes a working capital adjustment of $0.3 million that was settled in July 2018. The loss from discontinued operations was $0.1 million for the quarter ended June 30, 2018 . Refer to Note 14, “Discontinued Operations,” for further information. The loss from discontinued operations was $0.8 million for the quarter ended July 1, 2017 .

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Net Income . Net income increased $48.1 million , or 28.5% , to $217.2 million for the quarter ended June 30, 2018 compared to net income of $169.1 million for the quarter ended July 1, 2017 , primarily as a result of the factors referred to above.
Earnings per Share. Basic and diluted earnings per share was $3.91 for the quarter ended June 30, 2018 and $3.08 per share for the quarter ended July 1, 2017 . For the quarter ended July 1, 2017 , basic and diluted earnings (loss) per share from continuing operations and discontinued operations were $3.09 and $(0.01) , respectively. There was no impact on earnings per share from discontinued operations for the quarter ended June 30, 2018 .
Business Segments
Effective October 1, 2017, the Company made an organizational realignment of certain businesses comprising the Power & Control, Airframe, and the Non-Aviation segments. Operating results for the thirteen week period ended July 1, 2017 were reclassified to conform to the presentation for the thirteen week period ended June 30, 2018 .
Segment Net Sales . Net sales by segment for the thirteen week periods ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirteen Week Periods Ended
 
 
 
 
 
June 30, 2018
 
% of Sales
 
July 1, 2017
 
% of Sales
 
Change
 
% Change
Power & Control
$
546.9

 
55.8
%
 
$
499.1

 
55.6
%
 
$
47.8

 
9.6
 %
Airframe
398.6

 
40.6
%
 
362.9

 
40.4
%
 
35.7

 
9.8
 %
Non-aviation
35.2

 
3.6
%
 
35.7

 
4.0
%
 
(0.5
)
 
(1.4
)%
 
$
980.7

 
100.0
%
 
$
897.7

 
100.0
%
 
$
83.0

 
9.2
 %
Acquisition sales for the Power & Control segment totaled $19.0 million , an increase of 3.8% , resulting from the acquisition of Extant and the Third Quarter 2017 Acquisitions. Organic sales for the Power & Control segment increased $28.8 million , an increase of 5.8% , for the thirteen week period ended June 30, 2018 compared to the thirteen week period ended July 1, 2017 . The organic sales increase resulted from increases in commercial aftermarket sales ( $4.3 million , an increase of 2.7% ), defense sales ( $20.1 million , an increase of 9.3% ), and commercial OEM sales ( $4.0 million , an increase of 3.5% ).
Acquisition sales for the Airframe segment totaled $24.5 million , or an increase of 6.8% , resulting from the acquisition of Kirkhill. Organic sales for the Airframe segment increased $11.2 million , an increase of 3.1% , for the thirteen week period ended June 30, 2018 compared to the thirteen week period ended July 1, 2017 . The organic sales increase primarily resulted from an increase in commercial aftermarket sales ( $17.9 million , an increase of 11.2% ) offset by a decrease in commercial OEM sales ( $3.0 million , a decrease of 2.4% ) and defense sales ( $3.7 million , a decrease of 4.8% ).
EBITDA As Defined . EBITDA As Defined by segment for the thirteen week periods ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirteen Week Periods Ended
 
 
 
 
 
June 30, 2018
 
% of  Segment
Sales
 
July 1, 2017
 
% of  Segment
Sales
 
Change
 
% Change
Power & Control
$
288.2

 
52.7
%
 
$
262.9

 
52.7
%
 
$
25.3

 
9.6
 %
Airframe
196.7

 
49.4
%
 
184.1

 
50.7
%
 
12.6

 
6.8
 %
Non-aviation
11.1

 
31.5
%
 
11.9

 
33.3
%
 
(0.8
)
 
(6.7
)%
 
$
496.0

 
50.6
%
 
$
458.9

 
51.1
%
 
$
37.1

 
8.1
 %
EBITDA As Defined for the Power & Control segment from the acquisition of Extant and the Third Quarter 2017 Acquisitions was approximately $8.7 million for the thirteen week period ended June 30, 2018 . Organic EBITDA As Defined for the Power & Control segment increased approximately $16.6 million, an increase of 6.3%, resulting from organic sales growth in the commercial aftermarket, defense and commercial OEM markets, application of our three core value-driven operating strategies, and positive leverage on our fixed overhead costs spread over a higher production volume.
EBITDA As Defined for the Airframe segment from the acquisition of Kirkhill was approximately $4.7 million for the thirteen week period ended June 30, 2018 . Organic EBITDA As Defined for the Airframe segment increased approximately $7.9 million, an increase of 4.3%, resulting from organic sales growth in the commercial aftermarket and application of our three core value-driven operating strategies, and positive leverage on our fixed overhead costs spread over a higher production volume.

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Thirty-nine week period ended June 30, 2018 compared with the thirty-nine week period ended July 1, 2017
Total Company
Net Sales . Net organic sales and acquisition sales and the related dollar and percentage changes for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirty-Nine Week Periods Ended
 
 
 
% Change
Total  Sales
 
June 30, 2018
 
July 1, 2017
 
Change
 
Organic sales
$
2,700.7

 
$
2,580.4

 
$
120.3

 
4.7
%
Acquisition sales
61.0

 

 
61.0

 
2.3
%
 
$
2,761.7

 
$
2,580.4

 
$
181.3

 
7.0
%
Organic commercial aftermarket and defense sales increased $92.7 million , or 10.3% and $24.0 million , or 2.8% , respectively, for the thirty-nine week period ended June 30, 2018 compared to the thirty-nine week period ended July 1, 2017 . These increases were slightly offset by a decrease in organic commercial OEM sales of $4.9 million , or 0.7% .
Acquisition sales represent sales of acquired businesses for the period up to one year subsequent to their acquisition dates. The amount of acquisition sales shown in the table above was attributable to Extant, Kirkhill, and the Third Quarter 2017 Acquisitions described in Note 3, "Acquisitions and Divestitures."
Cost of Sales and Gross Profit . Cost of sales increased by $54.4 million , or 4.8% , to $1,181.4 million for the thirty-nine week period ended June 30, 2018 compared to $1,127.0 million for the thirty-nine week period ended July 1, 2017 . Cost of sales and the related percentage of total sales for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirty-Nine Week Periods Ended
 
 
 
 
 
June 30, 2018
 
July 1, 2017
 
Change
 
% Change
Cost of sales - excluding costs below
$
1,172.4

 
$
1,101.4

 
$
71.0

 
6.4
 %
% of total sales
42.4
 %
 
42.7
%
 
 
 
 
Inventory purchase accounting adjustments
3.2

 
19.7

 
(16.5
)
 
(83.8
)%
% of total sales
0.1
 %
 
0.8
%
 
 
 
 
Foreign currency (gain) loss
(1.2
)
 
3.4

 
(4.6
)
 
(135.3
)%
% of total sales
 %
 
0.1
%
 
 
 
 
Acquisition integration costs
7.0

 
2.5

 
4.5

 
180.0
 %
% of total sales
0.3
 %
 
0.1
%
 
 
 
 
Total cost of sales
$
1,181.4

 
$
1,127.0

 
$
54.4

 
4.8
 %
% of total sales
42.8
 %
 
43.7
%
 
 
 
 
Gross profit
$
1,580.2

 
$
1,453.4

 
$
126.8

 
8.7
 %
Gross profit percentage
57.2
 %
 
56.3
%
 
 
 
 
The net increase in the dollar amount of cost of sales during the thirty-nine week period ended June 30, 2018 was primarily due to increased volume associated with the sales from acquisitions and organic sales growth from the commercial aftermarket and defense market. Further increases in gross profit were due to lower inventory purchase accounting adjustments and favorable foreign currency movement, particularly due to the U.S. dollar appreciating against the Euro. Slightly offsetting the increases in gross profit were higher acquisition integration costs as presented in the table above.
Gross profit as a percentage of sales increased by 0.9 percentage points to 57.2% for the thirty-nine week period ended June 30, 2018 from 56.3% for the thirty-nine week period ended July 1, 2017 . The dollar amount of gross profit increased by $126.8 million , or 8.7% , for the thirty-nine week period ended June 30, 2018 compared to the thirty-nine week period in the prior year due to the following items:
Gross profit on the sales from the acquisitions indicated above (excluding acquisition-related costs) was approximately $26.4 million for the thirty-nine week period ended June 30, 2018 , which represented gross profit of approximately 43.4% of the acquisition sales.
Organic sales growth described above, application of our three core value-driven operating strategies (obtaining profitable new business, continually improving our cost structure, and providing highly engineered value-added products to customers) and positive leverage on our fixed overhead costs spread over a higher production volume resulted in a net increase in gross profit of approximately $83.8 million for the thirty-nine week period ended June 30, 2018 .

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Also contributing to the increase in gross profit were lower inventory purchase accounting adjustments of $16.5 million and $4.6 million in favorable foreign currency movement, particularly due to the U.S. dollar appreciating against the Euro. Partially offsetting these increases is an increase in acquisition integration costs of $4.5 million for the thirty-nine week period ended June 30, 2018 .
Selling and Administrative Expenses. Selling and administrative expenses increased by $16.4 million to $327.1 million , or 11.8% of sales, for the thirty-nine week period ended June 30, 2018 from $310.7 million , or 12.0% of sales, for the thirty-nine week period ended July 1, 2017 . Selling and administrative expenses and the related percentage of total sales for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirty-Nine Week Periods Ended
 
 
 
 
 
June 30, 2018
 
July 1, 2017
 
Change
 
% Change
Selling and administrative expenses - excluding costs below
$
287.5

 
$
272.7

 
$
14.8

 
5.4
 %
% of total sales
10.4
%
 
10.6
%
 
 
 
 
Stock compensation expense
32.8

 
29.4

 
3.4

 
11.6
 %
% of total sales
1.2
%
 
1.1
%
 
 
 
 
Acquisition-related expenses
6.8

 
8.6

 
(1.8
)
 
(20.9
)%
% of total sales
0.2
%
 
0.3
%
 
 
 
 
Total selling and administrative expenses
$
327.1

 
$
310.7

 
$
16.4

 
5.3
 %
% of total sales
11.8
%
 
12.0
%
 
 
 
 
The increase in the dollar amount of selling and administrative expenses during the thirty-nine week period ended June 30, 2018 is primarily due to higher selling and administration expenses from the recent acquisitions of $6.6 million which was approximately 10.8% of acquisition sales and an increase of $3.4 million in stock compensation expense, partially offset by a $1.8 million decrease in acquisition-related expenses.
Amortization of Intangible Assets. Amortization of intangible assets was $53.8 million for the thirty-nine week period ended June 30, 2018 compared to $70.8 million in the thirty-nine week period ended July 1, 2017 . The decrease in amortization expense of $17.0 million was primarily due to the order backlog recorded in connection with the Young & Franklin/Tactair and Data Device Corporation acquisitions becoming fully amortized prior to fiscal 2018. This was slightly offset by amortization expense on the definite-lived intangible assets (i.e., technology and order backlog) recorded in connection with the Extant, Kirkhill, and the Third Quarter 2017 acquisitions.
Refinancing Costs. Refinancing costs of $5.9 million were recorded for the thirty-nine week period ended June 30, 2018 , which related to the fiscal 2018 debt refinancing activity described in Note 8, "Debt." Refinancing costs of $35.9 million were recorded for the thirty-nine week period ended July 1, 2017 representing debt issuance costs expensed in connection with the debt financing activity during the first and second quarters of the previous year, which primarily consisted of $28.8 million in premium paid on the redemption of the 2021 Notes and the write-off of $3.1 million in unamortized debt issuance costs, along with $3.6 million of debt issuance costs related to an additional issuance of our existing 2025 Notes.
Interest Expense-net. Interest expense-net includes interest on borrowings outstanding, amortization of debt issuance costs, original issue discount and premium and revolving credit facility fees slightly offset by interest income. Interest expense-net increased $43.8 million , or 9.8% , to $489.8 million for the thirty-nine week period ended June 30, 2018 from $446.0 million for the comparable thirty-nine week period last year. The net increase in interest expense-net was primarily due to an increase in the weighted average level of outstanding borrowings, which was approximately $12.5 billion for the thirty-nine week period ended June 30, 2018 and approximately $11.3 billion for the thirty-nine week period ended July 1, 2017 . The increase in weighted average level of borrowings was primarily due to the activity in the third fiscal quarter of 2018 consisting of issuing additional term loans of $700 million (gross) and issuing $500 million in new 6.875% 2026 senior subordinated notes, the additional $100 million drawn on the trade receivable securitization facility in the fourth quarter of fiscal 2017 and the additional net debt financing of $575 million in the fourth quarter of fiscal 2017. The increases in new debt described above was partially offset by principal payments on the term loans over the comparable period. The weighted average interest rate for cash interest payments on total borrowings outstanding at June 30, 2018 was 5.2%.
Income Taxes . Income tax expense as a percentage of income before income taxes was approximately (3.9)% for the thirty-nine week period ended June 30, 2018 compared to 24.7% for the thirty-nine week period ended July 1, 2017 . The Company's lower effective tax rate for the thirty-nine week period ended June 30, 2018 was due to the reduction in the U.S. federal corporate tax rate as well as the discrete adjustment related to the enactment of the Tax Cuts and Jobs Act described in Note 9, "Income Taxes" and excess tax benefits from share based payments.
Loss from Discontinued Operations. On January 26, 2018, the Company completed the sale of Schroth in a management buyout to a private equity fund and certain members of Schroth management for approximately $61.4 million which includes a working capital adjustment of $0.3 million that was settled in July 2018. The loss from discontinued operations was $2.9

34

Table of Contents

million for the thirty-nine week period ended June 30, 2018 . Refer to Note 14, “Discontinued Operations,” for further details. The loss from discontinued operations was $1.0 million for the thirty-nine week period ended July 1, 2017 .
Net Income . Net income increased $284.9 million , or 64.2% , to $728.3 million for the thirty-nine week period ended June 30, 2018 compared to net income of $443.4 million for the thirty-nine week period ended July 1, 2017 , primarily as a result of the factors referred to above.
Earnings per Share. Basic and diluted earnings per share was $12.09 for the thirty-nine week period ended June 30, 2018 and $6.23 per share for the thirty-nine week period ended July 1, 2017 . For the thirty-nine week period ended June 30, 2018 , basic and diluted earnings (loss) per share from continuing operations and discontinued operations were $12.14 and $(0.05) , respectively. Net income for the thirty-nine week period ended June 30, 2018 of $728.3 million was decreased by dividend equivalent payments of $56.1 million , or $1.01 per share, resulting in net income available to common shareholders of $672.2 million , or $12.09 per share. For the thirty-nine week period ended July 1, 2017 , basic and diluted earnings (loss) per share from continuing operations and discontinued operations were $6.25 and $(0.02), respectively. Net income for the thirty-nine week period ended July 1, 2017 of $443.4 million was decreased by an allocation of dividends on participating securities of $96.0 million , or $1.72 per share, resulting in net income available to common shareholders of $347.5 million , or $6.23 per share.
Business Segments
Segment Net Sales . Net sales by segment for the thirty-nine week period ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirty-Nine Week Periods Ended
 
 
 
 
 
June 30, 2018
 
% of Sales
 
July 1, 2017
 
% of Sales
 
Change
 
% Change
Power & Control
$
1,558.1

 
56.4
%
 
$
1,408.9

 
54.6
%
 
$
149.2

 
10.6
%
Airframe
1,101.8

 
39.9
%
 
1,072.0

 
41.5
%
 
29.8

 
2.8
%
Non-aviation
101.8

 
3.7
%
 
99.5

 
3.9
%
 
2.3

 
2.3
%
 
$
2,761.7

 
100.0
%
 
$
2,580.4

 
100.0
%
 
$
181.3

 
7.0
%
Acquisition sales for the Power & Control segment totaled $36.5 million , or an increase of 2.6% , resulting from the acquisition of Extant and the Third Quarter 2017 Acquisitions. Organic sales for the Power & Control segment increased $112.7 million , an increase of 8.0% , for the thirty-nine week period ended June 30, 2018 compared to the thirty-nine week period ended July 1, 2017 . The organic sales increase resulted primarily from an increase in commercial aftermarket sales ( $46.1 million , an increase of 10.6% ), defense sales ( $42.0 million , an increase of 6.7% ) and an increase in commercial OEM sales ( $20.0 million , an increase of 6.3% ).
Acquisition sales for the Airframe segment totaled $24.5 million , or an increase of 2.3% , resulting from the acquisition of Kirkhill. Organic sales for the Airframe business increased $5.3 million , an increase of 0.5% , for the thirty-nine week period ended June 30, 2018 compared to the thirty-nine week period ended July 1, 2017 . The organic sales increase was primarily driven by an increase in commercial aftermarket sales ( $46.6 million , an increase of 10.1% ) that was offset by decreases in defense sales ( $18.4 million , a decrease of 7.9% ) and commercial OEM sales ( $22.8 million , a decrease of 6.2% ).
EBITDA As Defined . EBITDA As Defined by segment for the thirty-nine week period s ended June 30, 2018 and July 1, 2017 were as follows (amounts in millions):
 
Thirty-Nine Week Periods Ended
 
 
 
 
 
June 30, 2018
 
% of  Segment
Sales
 
July 1, 2017
 
% of  Segment
Sales
 
Change
 
% Change
Power & Control
$
808.5

 
51.9
%
 
$
708.6

 
50.3
%
 
$
99.9

 
14.1
 %
Airframe
541.2

 
49.1
%
 
535.6

 
50.0
%
 
5.6

 
1.0
 %
Non-aviation
30.4

 
29.8
%
 
32.6

 
32.7
%
 
(2.2
)
 
(6.7
)%
 
$
1,380.1

 
50.0
%
 
$
1,276.8

 
49.5
%
 
$
103.3

 
8.1
 %
EBITDA As Defined for the Power & Control segment from the acquisition of Extant and the Third Quarter 2017 Acquisitions was approximately $16.6 million for the thirty-nine week period ended June 30, 2018 . Organic EBITDA As Defined increased approximately $83.3 million, an increase of 11.8%, resulting from organic sales growth in commercial aftermarket sales, commercial OEM sales and defense sales, as well as the application of our three core value-driven operating strategies, and positive leverage on our fixed overhead costs spread over a higher production volume.
EBITDA As Defined for the Airframe segment from the acquisition of Kirkhill was approximately $4.7 million for the thirty-nine week period ended June 30, 2018 . Organic EBITDA as Defined for the Airframe segment was mostly flat as it increased approximately $0.9 million, an increase of 0.2%. Organic EBITDA As Defined was mostly flat as a result of the decrease in

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commercial OEM sales and defense sales offsetting the organic sales growth in commercial aftermarket sales and the impact of the application of our three core value-driven operating strategies.
Backlog
As of June 30, 2018 , the Company estimated its sales order backlog at $2,018 million compared to an estimated sales order backlog of $1,601 million as of July 1, 2017 . The increase in backlog is primarily due to growth from acquisitions and organic growth in the defense market. The majority of the purchase orders outstanding as of June 30, 2018 are scheduled for delivery within the next twelve months. Purchase orders may be subject to cancellation or deferral by the customer prior to shipment. The level of unfilled purchase orders at any given date during the year will be materially affected by the timing of the Company’s receipt of purchase orders and the speed with which those orders are filled. Accordingly, the Company’s backlog as of June 30, 2018 may not necessarily represent the actual amount of shipments or sales for any future period.
Foreign Operations
Although we manufacture a significant portion of our products in the United States, we manufacture some products in Belgium, China, Germany, Hungary, Japan, Malaysia, Mexico, Norway, Sri Lanka, Sweden, and the United Kingdom. We sell our products in the United States as well as in foreign countries. Although the majority of sales of our products are made to customers (including distributors) located in the United States, our products are ultimately sold to and used by customers, including airlines and other end users of aircraft, throughout the world. A number of risks inherent in international operations could have a material adverse effect on our results of operations, including currency fluctuations, difficulties in staffing and managing multi-national operations, general economic and political uncertainties and potential for social unrest in countries in which we operate, limitations on our ability to enforce legal rights and remedies, restrictions on the repatriation of funds, change in trade policies, tariff regulation, difficulties in obtaining export and import licenses and the risk of government financed competition.
There can be no assurance that foreign governments will not adopt regulations or take other action that would have a direct or indirect adverse impact on the business or market opportunities of the Company within such governments’ countries. Furthermore, there can be no assurance that the political, cultural and economic climate outside the United States will be favorable to our operations and growth strategy.
Liquidity and Capital Resources
We have historically maintained a capital structure comprising a mix of equity and debt financing. We vary our leverage both to optimize our equity return and to pursue acquisitions. We expect to meet our current debt obligations as they come due through internally generated funds from current levels of operations and/or through refinancing in the debt markets prior to the maturity dates of our debt.
We continually evaluate our debt facilities to assess whether they most efficiently and effectively meet the current and future needs of our business. The Company evaluates from time to time the appropriateness of its current leverage, taking into consideration the Company’s debt holders, equity holders, credit ratings, acquisition opportunities and other factors.
If the Company has excess cash, it generally prioritizes allocating the excess cash in the following manner: (1) capital spending at existing businesses, (2) acquisitions of businesses, (3) payment of a special dividend and/or repurchases of our common stock and (4) prepayment of indebtedness or repurchase of debt. Whether the Company undertakes common stock repurchases or other aforementioned activities will depend on prevailing market conditions, the Company's liquidity requirements, contractual restrictions and other factors. The amounts involved may be material. In addition, the Company may issue additional debt if prevailing market conditions are favorable to doing so.
In connection with the continued application of our three core value-driven operating strategies (obtaining profitable new business, continually improving our cost structure and providing highly engineered value-added products to customers), we expect our efforts will continue to generate strong margins and provide more than sufficient cash provided by operating activities to meet our interest obligations and liquidity needs.  We believe our cash provided by operating activities and available borrowing capacity will enable us to make opportunistic investments in our own stock, make strategic business combinations and/or pay dividends to our shareholders.
In the future, the Company may increase its borrowings in connection with acquisitions, if cash flows from operating activities become insufficient to fund current operations or for other short-term cash needs or for stock repurchases or special dividends. Our future leverage will also be impacted by the then current conditions of the credit markets.
Operating Activities. The Company generated $690.9 million of net cash from operating activities during the thirty-nine week period ended June 30, 2018 compared to $555.2 million during the thirty-nine week period ended July 1, 2017 . The net increase of $135.7 million is primarily attributable to an increase in income from continuing operations of approximately $117 million (excluding the non-cash effects of the adjustments resulting from the Tax Cuts and Jobs Act (approximately $170 million).

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The change in accounts receivable during the thirty-nine week period ended June 30, 2018 was a use of cash of $0.9 million compared to a use of cash of $21.2 million during the thirty-nine week period ended July 1, 2017 . The decrease in the use of cash of $20.3 million is attributable to the higher rate of collections of accounts receivable in fiscal year 2018 compared fiscal 2017.
The change in inventories during the thirty-nine week period ended June 30, 2018 was a use of cash of $22.0 million compared to a use of cash of $0.3 million during the thirty-nine week period ended July 1, 2017 . The increase in the use of cash of $21.7 million is primarily attributable to an increase in raw material and component purchases in response to the growth in backlog of expected shipments during the fourth quarter of fiscal 2018.
The change in accounts payable during the thirty-nine week period ended June 30, 2018 was a source of cash of $0.7 million compared to a use of cash of $12.3 million during the thirty-nine week period ended July 1, 2017 . The decrease in the use of cash of $13.0 million was primarily attributable to the timing of payments to vendors in connection with continued efforts to improve working capital management.
Investing Activities . Net cash used in investing activities was $574.7 million during the thirty-nine week period ended June 30, 2018 consisting of capital expenditures of $50.1 million and payments for acquisitions of $582.3 million which primarily consisted of the Kirkhill ($49.3 million) and Extant ($532.5 million) acquisitions. The uses of cash related to investing activities was partially offset by the cash proceeds received from the sale of Schroth of $57.7 million .
Net cash used in investing activities of $270.9 million during the thirty-nine week period ended July 1, 2017 was comprised of capital expenditures of $55.7 million and acquisition activities of $215.2 million , which primarily consisted of $105.5 million for the purchases of the Third Quarter 2017 acquisitions, $79.7 million for the acquisition of Schroth, and $28.7 million for the cash settlement of the Breeze-Eastern dissenting shares litigation.
Financing Activities. Net cash provided by financing activities during the thirty-nine week period ended June 30, 2018 was $1,089.6 million . The source of cash was primarily due to the net proceeds of $678.6 million from the fiscal 2018 term loan activity and the net proceeds of $490.4 million from the issuance of the 6.875% 2026 Notes in the third quarter of fiscal 2018, along with $40.6 million in proceeds from stock option exercises. Partially offsetting these sources of cash was $56.1 million in dividend equivalent payments and $54.0 million in debt service payments on term loans.
Net cash used in financing activities during the thirty-nine week period ended July 1, 2017 was $902.6 million . The use of cash was primarily related to the aggregate payment of $1,376.0 million for a $24.00 per share special dividend and dividend equivalent payments, redemption and related premium paid on the 2021 Notes aggregating to $528.8 million, $389.8 million related to treasury stock purchases under the Company's share repurchase program, and $48.5 million in debt service payments on term loans. Slightly offsetting the uses of cash were net proceeds from the 2017 term loans and the additional 2025 Notes offering of $1,132.8 million and $300.5 million, respectively, and $18.0 million in proceeds from stock option exercises.
Description of Senior Secured Term Loans and Indentures
Senior Secured Term Loans Facility
TransDigm has $7,619.0 million in fully drawn term loans (the “Term Loans Facility”) and a $600.0 million revolving credit facility. The Term Loans Facility consists of three tranches of term loans as follows (aggregate principal amount disclosed is as of June 30, 2018 ):
Term Loans Facility
 
Aggregate Principal
 
Maturity Date
 
Interest Rate
Tranche E
 
$2,249.4 million
 
May 30, 2025
 
LIBO rate + 2.5%
Tranche F
 
$3,568.8 million
 
June 9, 2023
 
LIBO rate + 2.5%
Tranche G
 
$1,800.8 million
 
August 22, 2024
 
LIBO rate + 2.5%
The Term Loans Facility requires quarterly aggregate principal payments of $19.1 million. The revolving commitments consist of two tranches which includes up to $99.4 million of multicurrency revolving commitments. At June 30, 2018 , the Company had $14.6 million in letters of credit outstanding and $585.4 million in borrowings available under the revolving commitments.
The interest rates per annum applicable to the loans under the Credit Agreement will be, at TransDigm’s option, equal to either an alternate base rate or an adjusted LIBO rate for one, two, three or six-month (or to the extent agreed to by each relevant lender, nine or twelve-month) interest periods chosen by TransDigm, in each case plus an applicable margin percentage. The adjusted LIBO rate related to the tranche E, tranche F and tranche G term loans are subject to a floor of 0%. For the thirty-nine week period ended June 30, 2018 , the applicable interest rates ranged from approximately 4.1% to 5.1% on the existing term loans. Interest rate swaps and caps used to hedge and offset, respectively, the variable interest rates on the credit facility are described in Note 11, “Derivatives and Hedging Activities,” to the condensed consolidated financial statements included herein.

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Recent Amendments to the Credit Agreement
On August 22, 2017, the Company entered into Amendment No. 3 and Incremental Term Loan Assumption Agreement to the Second Amended and Restated Credit Agreement (“Amendment No. 3”). Pursuant to Amendment No. 3, TransDigm, among other things, incurred the new tranche G term loans in an aggregate principal amount equal to approximately $1.8 billion and repaid in full all of the tranche C term loans outstanding under the Restated Credit Agreement. The tranche G term loans were fully drawn on August 22, 2017. The tranche G term loans mature on August 22, 2024. The terms and conditions (other than maturity date and pricing) that apply to the tranche G term loans are substantially the same as the terms and conditions that applied to the tranche C term loans immediately prior to Amendment No. 3.
On November 30, 2017, the Company entered into Amendment No. 4 to the Second Amended and Restated Credit Agreement (“Amendment No. 4”) . Pursuant to Amendment No. 4, TransDigm, among other things, converted approximately $798.2 million of existing tranche D term loans into additional tranche F term loans and decreased the margin applicable to the existing tranche E term loans and tranche F term loans to LIBO rate plus 2.75% per annum and also removed the LIBO rate floor of 0.75%. The terms and conditions (other than maturity date and pricing) that apply to the tranche F term loans are substantially the same as the terms and conditions that apply to the tranche D term loans immediately prior to Amendment No. 4.
On February 22, 2018, the Company entered into a refinancing facility agreement to the Second Amended and Restated Credit Agreement. TransDigm, among other things, incurred new tranche G term loans in an aggregate principal amount equal to $1,809 million and repaid in full all of the existing tranche G term loans outstanding under the Second and Amended Restated Credit Agreement immediately prior to the refinancing facility agreement. The refinancing facility agreement also decreased the margin applicable to the tranche G term loans to LIBO rate plus 2.5% per annum. The terms and conditions that apply to the tranche G term loans, excluding pricing, are substantially the same as the terms and conditions that apply to the tranche G term loans immediately prior to the refinancing facility agreement.
On May 30, 2018, the Company entered into Amendment No. 5 to the Second Amended and Restated Credit Agreement ("Amendment No. 5"). Pursuant to Amendment No. 5, TransDigm, among other things, incurred new tranche E term loans in an aggregate principal amount equal to $1,322.0 million , and repaid in full all of the existing tranche E term loans outstanding under the Second Amended and Restated Credit Agreement immediately prior to Amendment No. 5. The Company also incurred incremental tranche E term loans in an aggregate principal amount equal to $933.0 million . The new tranche E term loans and incremental tranche E term loans mature on May 30, 2025. Amendment No. 5 also decreased the margin applicable to the new tranche E term loans to LIBO rate plus 2.5% per annum. The terms and conditions that apply to the tranche E term loans, other than the maturity date and margin, are substantially the same as the terms and conditions that apply to the tranche E term loans immediately prior to Amendment No. 5.
Additionally, pursuant to Amendment No. 5, the Company incurred new tranche F term loans in an aggregate principal amount equal to $3,577.7 million , and repaid in full all of the existing tranche F term loans outstanding under the Second and Amended Restated Credit Agreement immediately prior to Amendment No. 5. Amendment No. 5 also decreased the margin applicable to the tranche F term loans to LIBO rate plus 2.5% per annum.
Under the terms of Amendment No. 5, the maturity date of our $600.0 million revolving credit facility was extended to December 28, 2022. The revolving commitments consist of two tranches which includes up to $99.4 million of multicurrency revolving commitments. The terms and conditions that apply to the revolving credit facility, other than the maturity date, are substantially the same as the terms and conditions that applied to the revolving credit facility immediately prior to Amendment No. 5.
Amendment No. 5 extended our ability to make certain additional restricted payments (including the ability of the Company to declare or pay dividends or repurchase stock) in an aggregate amount not to exceed $1.5 billion, so long as, among other conditions, the consolidated secured net debt ratio is no greater than 4.00 to 1.00 (in the case of share repurchases) or the consolidated net leverage ratio is no greater than 6.75 to 1.00 (in the case of dividends or other distributions), in each case, after giving pro forma effect to such transactions. If any portion of the $1.5 billion is not used for dividends or share repurchases prior to December 31, 2018, such amount (not to exceed $500 million) may be used to repurchase stock at any time thereafter.
Indentures
Senior Subordinated Notes
 
Aggregate Principal
 
Maturity Date
 
Interest Rate
2020 Notes
 
$550 million
 
October 15, 2020
 
5.50%
2022 Notes
 
$1,150 million
 
July 15, 2022
 
6.00%
2024 Notes
 
$1,200 million
 
July 15, 2024
 
6.50%
2025 Notes
 
$750 million
 
May 15, 2025
 
6.50%
6.875% 2026 Notes
 
$500 million
 
May 15, 2026
 
6.875%
6.375% 2026 Notes
 
$950 million
 
June 15, 2026
 
6.375%

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The 2020 Notes, the 2022 Notes, the 2024 Notes, and the 6.375% 2026 Notes (the “TransDigm Inc. Notes”) were issued at a price of 100% of the principal amount. The initial $450 million offering of the 2025 Notes (also considered to be part of the “TransDigm Inc. Notes”) were issued at a price of 100% of the principal amount and the subsequent $300 million offering in the second quarter ended of fiscal 2017 of 2025 Notes were issued at a price of 101.5% of the principal amount, resulting in gross proceeds of $304.5 million. The 6.875% 2026 Notes (the "TransDigm UK Notes," and together with the TransDigm Inc. Notes, the "Notes," are further described below) offered in May 2018 were issued at a price of 99.24% of the principal amount, resulting in gross proceeds of $496.2 million.
The Notes do not require principal payments prior to their maturity. Interest under the Notes is payable semi-annually. The Notes represent our unsecured obligations ranking subordinate to our senior debt, as defined in the applicable indentures.
The Notes are subordinated to all of our existing and future senior debt, rank equally with all of our existing and future senior subordinated debt and rank senior to all of our future debt that is expressly subordinated to the Notes. The TransDigm Inc. Notes are guaranteed on a senior subordinated unsecured basis by TD Group and TransDigm Inc.'s domestic restricted subsidiaries. The TransDigm UK Notes are guaranteed on a senior subordinated basis by TransDigm Inc., TD Group and TransDigm Inc.'s domestic restricted subsidiaries. The guarantees of the Notes are subordinated to all of the guarantors’ existing and future senior debt, rank equally with all of their existing and future senior subordinated debt and rank senior to all of their future debt that is expressly subordinated to the guarantees of the Notes. The Notes are structurally subordinated to all of the liabilities of TD Group’s non-guarantor subsidiaries. The Notes contain many of the restrictive covenants included in the Credit Agreement. TransDigm is in compliance with all of the covenants contained in the Notes.
During the third quarter of fiscal 2018, TransDigm UK, a wholly-owned, indirect subsidiary of TD Group, issued $500 million in aggregate principal amount of the TransDigm UK Notes at a discount of 0.76%. The TransDigm UK Notes bear interest at the rate of 6.875% per annum and mature on May 15, 2026.
Certain Restrictive Covenants in Our Debt Documents
The Credit Agreement and the Indentures governing the Notes contain restrictive covenants that, among other things, limit the incurrence of additional indebtedness, the payment of special dividends, transactions with affiliates, asset sales, acquisitions, mergers and consolidations, liens and encumbrances, and prepayments of certain other indebtedness.
The restrictive covenants included in the Credit Agreement are subject to amendments executed periodically. The most recent amendment that impacted the restrictive covenants contained in the Credit Agreement is Amendment No. 5. The restrictive covenants are described above in the Recent Amendments to the Credit Agreement section.
Under the terms of the Credit Agreement, TransDigm is entitled, on one or more occasions, to request additional term loans or additional revolving commitments to the extent that the existing or new lenders agree to provide such incremental term loans or additional revolving commitments provided that, among other conditions, our consolidated net leverage ratio would be no greater than 7.25 to 1.00 and the consolidated secured net debt ratio would be no greater than 5.00 to 1.00, in each case, after giving effect to such incremental term loans or additional revolving commitments.
The Credit Agreement requires mandatory prepayments of principal based on certain percentages of Excess Cash Flow (as defined in the Credit Agreement), commencing 90 days after the end of each fiscal year, subject to certain exceptions. In addition, subject to certain exceptions (including, with respect to asset sales, the reinvestment in productive assets), TransDigm will be required to prepay the loans outstanding under the Credit Agreement at 100% of the principal amount thereof, plus accrued and unpaid interest, with the net cash proceeds of certain asset sales and issuance or incurrence of certain indebtedness. No matters mandating prepayments occurred during the quarter ended June 30, 2018 .
In addition, under the Credit Agreement, if the usage of the revolving credit facility exceeds 25% of the total revolving commitments, the Company will be required to maintain a maximum consolidated net leverage ratio of net debt, as defined, to trailing four-quarter EBITDA As Defined. A breach of any of the covenants or an inability to comply with the required leverage ratio could result in a default under the Credit Agreement or the Indentures.
If any such default occurs, the lenders under the Credit Agreement and the holders of the Notes may elect to declare all outstanding borrowings, together with accrued interest and other amounts payable thereunder, to be immediately due and payable. The lenders under the Credit Agreement also have the right in these circumstances to terminate any commitments they have to provide further borrowings. In addition, following an event of default under the Credit Agreement, the lenders thereunder will have the right to proceed against the collateral granted to them to secure the debt, which includes our available cash, and they will also have the right to prevent us from making debt service payments on the Notes.
As of June 30, 2018 , the Company was in compliance with all of its debt covenants.

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Trade Receivables Securitization
During fiscal 2014, the Company established a trade receivable securitization facility (the “Securitization Facility”). The Securitization Facility effectively increases the Company’s borrowing capacity depending on the amount of the domestic operations’ trade accounts receivable. The Securitization Facility includes the right for the Company to exercise annual one year extensions as long as there have been no termination events as defined by the agreement. The Company uses the proceeds from the Securitization Facility as an alternative to other forms of debt, effectively reducing borrowing costs.
On July 31, 2018, the Company amended the Securitization Facility to increase the borrowing capacity to $350 million and extend the maturity date to July 31, 2019 . As of June 30, 2018 , the Company has borrowed $300 million under the Securitization Facility. The Securitization Facility is collateralized by substantially all of the Company’s domestic operations’ trade accounts receivable.
Stock Repurchase Program
On November 8, 2017, our Board of Directors, authorized a new stock repurchase program replacing the previous $600 million program and permitting repurchases of our outstanding shares not to exceed $650 million in the aggregate, subject to any restrictions specified in the Credit Agreement and/or Indentures governing the existing Notes. No repurchases were made under the program during the quarter and year-to-date period ended June 30, 2018 .

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Non-GAAP Financial Measures
We present below certain financial information based on our EBITDA and EBITDA As Defined. References to “EBITDA” mean earnings before interest, taxes, depreciation and amortization, and references to “EBITDA As Defined” mean EBITDA plus, as applicable for each relevant period, certain adjustments as set forth in the reconciliations of net income to EBITDA and EBITDA As Defined and the reconciliations of net cash provided by operating activities to EBITDA and EBITDA As Defined presented below.
Neither EBITDA nor EBITDA As Defined is a measurement of financial performance under accounting principles generally accepted in the United States of America (“GAAP”). We present EBITDA and EBITDA As Defined because we believe they are useful indicators for evaluating operating performance and liquidity.
Our management believes that EBITDA and EBITDA As Defined are useful as indicators of liquidity because securities analysts, investors, rating agencies and others use EBITDA to evaluate a company’s ability to incur and service debt. In addition, EBITDA As Defined is useful to investors because the revolving credit facility under our senior secured credit facility requires compliance under certain circumstances, on a pro forma basis, with a financial covenant that measures the ratio of the amount of our secured indebtedness to the amount of our Consolidated EBITDA defined in the same manner as we define EBITDA As Defined herein.
In addition to the above, our management uses EBITDA As Defined to review and assess the performance of the management team in connection with employee incentive programs and to prepare its annual budget and financial projections. Moreover, our management uses EBITDA As Defined to evaluate acquisitions.
Although we use EBITDA and EBITDA As Defined as measures to assess the performance of our business and for the other purposes set forth above, the use of these non-GAAP financial measures as analytical tools has limitations, and you should not consider any of them in isolation, or as a substitute for analysis of our results of operations as reported in accordance with GAAP. Some of these limitations are:
neither EBITDA nor EBITDA As Defined reflects the significant interest expense, or the cash requirements, necessary to service interest payments on our indebtedness;
although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and neither EBITDA nor EBITDA As Defined reflects any cash requirements for such replacements;
the omission of the substantial amortization expense associated with our intangible assets further limits the usefulness of EBITDA and EBITDA As Defined;
neither EBITDA nor EBITDA As Defined includes the payment of taxes, which is a necessary element of our operations; and
EBITDA As Defined excludes the cash expense we have incurred to integrate acquired businesses into our operations, which is a necessary element of certain of our acquisitions.
Because of these limitations, EBITDA and EBITDA As Defined should not be considered as measures of discretionary cash available to us to invest in the growth of our business. Management compensates for these limitations by not viewing EBITDA or EBITDA As Defined in isolation and specifically by using other GAAP measures, such as net income, net sales and operating profit, to measure our operating performance. Neither EBITDA nor EBITDA As Defined is a measurement of financial performance under GAAP, and neither should be considered as an alternative to net income or cash flow from operations determined in accordance with GAAP. Our calculation of EBITDA and EBITDA As Defined may not be comparable to the calculation of similarly titled measures reported by other companies.

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The following table sets forth a reconciliation of net income to EBITDA and EBITDA As Defined (in thousands):
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
 
(in thousands)
 
(in thousands)
Net income
$
217,246

 
$
169,053

 
$
728,299

 
$
443,429

Less: Loss from discontinued operations, net of tax (1)
(145
)
 
(779
)
 
(2,943
)
 
(965
)
Income from continuing operations
217,391

 
169,832

 
731,242

 
444,394

Adjustments:
 
 
 
 
 
 
 
Depreciation and amortization expense
33,925

 
36,367

 
95,534

 
109,076

Interest expense, net
167,577

 
152,141

 
489,776

 
445,986

Income tax provision
48,150

 
66,015

 
(27,550
)
 
145,573

EBITDA
467,043

 
424,355

 
1,289,002

 
1,145,029

Adjustments:
 
 
 
 
 
 
 
Inventory purchase accounting adjustments (2)
3,165

 
311

 
3,165

 
19,688

Acquisition integration costs (3)
5,486

 
2,086

 
10,815

 
4,595

Acquisition transaction-related expenses (4)
1,730

 
2,087

 
2,960

 
6,521

Non-cash stock compensation expense (5)
13,708

 
11,580

 
36,411

 
32,707

Refinancing costs (6)
4,159

 
345

 
5,910

 
35,936

Other, net (7)
(8,150
)
 
6,824

 
3,534

 
5,982

EBITDA As Defined
$
487,141

 
$
447,588

 
$
1,351,797

 
$
1,250,458

                                     
(1)  
During the fourth quarter of 2017, the Company committed to disposing of Schroth in connection with the settlement of a Department of Justice investigation into the competitive effects of the acquisition. Therefore, Schroth was classified as held-for-sale beginning September 30, 2017. On January 26, 2018, the Company completed the sale of Schroth in a management buyout to a private equity fund and certain members of Schroth management for approximately $61.4 million, which includes a working capital adjustment of $0.3 million that was settled in July 2018. Refer to Note 14, "Discontinued Operations," for further information.
(2)  
Represents accounting adjustments to inventory associated with acquisitions of businesses and product lines that were charged to cost of sales when the inventory was sold.
(3)  
Represents costs incurred to integrate acquired businesses and product lines into TD Group’s operations, facility relocation costs and other acquisition-related costs.
(4)  
Represents transaction-related costs comprising deal fees; legal, financial and tax due diligence expenses, and valuation costs that are required to be expensed as incurred.
(5)  
Represents the compensation expense recognized by TD Group under our stock incentive plans.
(6)  
Represents costs expensed related to debt financing activities, including new issuances, extinguishments, refinancings and amendments to existing agreements.
(7)  
Primarily represents foreign currency transaction gain or loss, payroll withholding taxes related to dividend equivalent payments and stock option exercises and gain or loss on sale of fixed assets. Prior to the fourth quarter of fiscal 2017, foreign currency transaction gain or loss other than related to intercompany loans was not included in the adjustments to EBITDA, as the foreign currency transaction gain or loss was immaterial during those periods. Therefore, the prior periods presented herein were adjusted to conform to the current year presentation.

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The following table sets forth a reconciliation of net cash provided by operating activities to EBITDA and EBITDA As Defined (in thousands):
 
Thirty-Nine Week Periods Ended
 
June 30, 2018
 
July 1, 2017
 
(in thousands)
Net cash provided by operating activities
$
690,910

 
$
555,216

Adjustments:
 
 
 
Changes in assets and liabilities, net of effects from acquisitions of businesses
27,947

 
82,594

Interest expense, net (1)
473,597

 
430,456

Income tax provision - current
139,233

 
145,303

Non-cash stock compensation expense (2)
(36,411
)
 
(32,707
)
Refinancing costs (6)
(5,910
)
 
(35,936
)
EBITDA from discontinued operations (8)
(364
)
 
103

EBITDA
1,289,002


1,145,029

Adjustments:
 
 
 
Inventory purchase accounting adjustments (3)
3,165

 
19,688

Acquisition integration costs (4)
10,815

 
4,595

Acquisition transaction-related expenses (5)
2,960

 
6,521

Non-cash stock compensation expense (2)
36,411

 
32,707

Refinancing costs (6)
5,910

 
35,936

Other, net (7)
3,534

 
5,982

EBITDA As Defined
$
1,351,797


$
1,250,458

                                     
(1)  
Represents interest expense excluding the amortization of debt issuance costs and premium and discount on debt.
(2)  
Represents the compensation expense recognized by TD Group under our stock incentive plans.
(3)  
Represents accounting adjustments to inventory associated with acquisitions of businesses and product lines that were charged to cost of sales when the inventory was sold.
(4)  
Represents costs incurred to integrate acquired businesses and product lines into TD Group’s operations, facility relocation costs and other acquisition-related costs.
(5)  
Represents transaction-related costs comprising deal fees; legal, financial and tax due diligence expenses, and valuation costs that are required to be expensed as incurred.
(6)  
Represents costs expensed related to debt financing activities, including new issuances, extinguishments, refinancings and amendments to existing agreements.
(7)  
Primarily represents foreign currency transaction gain or loss, payroll withholding taxes related to dividend equivalent payments and stock option exercises and gain or loss on sale of fixed assets. Prior to the fourth quarter of fiscal 2017, foreign currency transaction gain or loss other than related to intercompany loans was not included in the adjustments to EBITDA, as the foreign currency transaction gain or loss was immaterial during those periods. Therefore, the prior periods presented herein were adjusted to conform to the current year presentation.
(8)  
During the fourth quarter of 2017, the Company committed to disposing of Schroth in connection with the settlement of a Department of Justice investigation into the competitive effects of the acquisition. Therefore, Schroth was classified as held-for-sale beginning September 30, 2017. On January 26, 2018, the Company completed the sale of Schroth in a management buyout to a private equity fund and certain members of Schroth management for approximately $61.4 million, which includes a working capital adjustment of $0.3 million that was settled in July 2018. Refer to Note 14, "Discontinued Operations," for further information.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
The information called for by this item is provided under the caption ' Description of Senior Secured Credit Facilities and Indentures ' under Item 2 - "Management's Discussion and Analysis of Financial Condition and Results of Operations." Market risks are described more fully within “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A of our most recent Form 10-K. These market risks have not materially changed since the date our most recent Form 10-K was filed with the SEC.
ITEM 4. CONTROLS AND PROCEDURES
As of June 30, 2018 , TD Group carried out an evaluation, under the supervision and with the participation of TD Group’s management, including its President and Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial Officer), of the effectiveness of the design and operation of TD Group’s disclosure controls and procedures. Based upon that evaluation, the President and Chief Executive Officer and Chief Financial Officer concluded that TD Group’s disclosure controls and procedures are effective to ensure that information required to be disclosed by TD Group in the reports it files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported, within the time periods specified by the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to TD Group’s management, including President and Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, TD Group’s management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in designing and evaluating the controls and procedures. There have been no significant changes in TD Group’s internal controls or other factors that could significantly affect the internal controls subsequent to the date of TD Group’s evaluations.
Changes in Internal Control over Financial Reporting
There was no change in the Company’s internal control over financial reporting that occurred during the fiscal quarter ended June 30, 2018, that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. During the thirty-nine week period ended June 30, 2018, the Company completed the acquisitions of Kirkhill and Extant. The Company is currently integrating these acquisitions into its operations, compliance programs and internal control processes. As permitted by SEC rules and regulations, the Company has excluded these acquisitions from management's evaluation of internal controls over financial reporting as of June 30, 2018. These acquisitions constituted less than 6% of the Company's total assets as of June 30, 2018, and less than 5% of the Company's net sales in the fiscal quarter ended June 30, 2018.
.

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PART II: OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS
We and certain of our current or former officers and directors are defendants in a consolidated securities class action captioned In re TransDigm Group, Inc. Securities Litigation , Case No. 1:17-cv-01677-DCN (N.D. Ohio).  The cases were originally filed on August 10, 2017, and September 18, 2017 and were consolidated on December 5, 2017.  A consolidated amended complaint was filed on February 16, 2018. The plaintiffs allege that the defendants made false or misleading statements with respect to, or failed to disclose, the impact of certain alleged business practices in connection with sales to the U.S. government on the Company’s growth and profitability.  The plaintiffs assert claims under Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder and Section 20(a) of the Exchange Act, and seek unspecified monetary damages and other relief.  In addition, we, as nominal defendant, and certain of our current or former officers and directors are defendants in a shareholder derivative action captioned Sciabacucchi v. Howley et al. , No. 1:17-cv-1971-DCN (N.D. Ohio). The case was filed on September 19, 2017.  The plaintiffs allege breach of fiduciary duty and other claims arising out of substantially the same actions or inactions alleged in the securities class actions described above. This action has been stayed pending the outcome of an anticipated motion to dismiss on the securities class action.  Although we are only a nominal defendant in the derivative action, we could have indemnification obligations and/or be required to advance the costs and expenses of the officer and director defendants in the action.
We intend to vigorously defend these matters and believe they are without merit.  We also believe we have sufficient insurance coverage available for these matters.  Therefore, we do not expect these matters to have a material adverse impact on our financial condition or results of operations.  However, given the preliminary status of the litigation, it is difficult to predict the likelihood of an adverse outcome or estimate a range of any potential loss.
ITEM 1A. RISK FACTORS
In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed in Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2017, filed on November 13, 2017. There have been no material changes to the risk factors set forth therein.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS: PURCHASES OF EQUITY SECURITIES BY THE ISSUER
On November 8, 2017, our Board of Directors, authorized a new stock repurchase program replacing the previous $600 million program and permitting repurchases of our outstanding shares not to exceed $650 million in the aggregate, subject to any restrictions specified in the Credit Agreement and/or Indentures governing the existing Notes. No repurchases were made under the program during the thirteen and thirty-nine week periods ended June 30, 2018 .

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ITEM 6. EXHIBITS
Exhibit No.
 
Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Exhibit No.
 
Description
 
 
 
 
 
 
 
 
 
 
 
  
  
  
  
101
  
Financial Statements and Notes to the Condensed Consolidated Financial Statements formatted in XBRL

* Denotes management contact or compensatory plan or arrangement

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
TRANSDIGM GROUP INCORPORATED
 
SIGNATURE
  
TITLE
  
DATE
 
 
 
 
 
/s/ Kevin Stein
  
President and
Chief Executive Officer
(Principal Executive Officer)
  
August 8, 2018
Kevin Stein
 
 
 
 
 
 
 
/s/ James Skulina
  
Senior Vice President of Finance
(Principal Accounting Officer)
  
August 8, 2018
James Skulina
 
 


48
Exhibit 3.1


 
Exhibit 3.2


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 
Exhibit 3.3


 
Exhibit 3.4 BYLAWS OF EXTANT COMPONENTS GROUP HOLDINGS, INC. ARTICLE I. OFFICES. The registered office of Extant Components Group Holdings, Inc., a Delaware corporation (the "Corporation"), shall be located in the State of Delaware and shall be at such address as shall be set forth in the Certificate of Incorporation (as the same may be amended from time to time, the "Certificate of Incorporation"). The registered agent ofthe Corporation at such address shall be as set forth in the Certificate of Incorporation. The Corporation may also have such other offices at such other places, within or without the State of Delaware, as the Board of Directors of the Corporation (the "Board of Directors") may from time to time designate or the business of the Corporation may require. ARTICLE II. STOCKHOLDERS. Section 1. Annual Meeting. The annual meeting of stockholders for the election of directors and the transaction of any other business shall be held on such date and at such time and in such place, either within or without the State of Delaware, as shall from time to time be designated by the Board of Directors. At the annual meeting any business may be transacted and any corporate action may be taken, whether stated in the notice of meeting or not, except as otherwise expressly provided by statute or the Certificate of Incorporation. Section 2. Special Meetings. Special meetings of the stockholders for any purpose may be called at any time by the Board of Directors or the President, and shall be called by the President at the request ofthe holders of at least twenty percent (20%) of the outstanding shares of capital stock entitled to vote. Special meetings shall be held at such place or places within or without the State of Delaware as shall from time to time be designated by the Board of Directors. At a special meeting no business shall be transacted and no corporate action shall be taken other than that stated in the notice of the meeting. Section 3. Notice of Meetings. Written notice of the time and place of any stockholders' meeting, whether annual or special, shall be given to each stockholder entitled to vote thereat, by personal delivery, by electronic transmission in accordance with Section 232 of the Delaware General Corporation Law (the "DGCL") or by mailing the same to him at his address as the same appears upon the records of the Corporation at least ten (10) days but not more than sixty (60) days before the day ofthe meeting. Notice of any adjourned meeting need not be given except by announcement at the meeting so adjourned, unless otherwise ordered in connection with such adjournment. Such further notice, if any, shall be given as may be required by law. Section 4. Quorum. Any number of stockholders, together holding at least a majority of the capital stock of the Corporation issued and outstanding and entitled to vote, who shall be


 
present in person or represented by proxy at any meeting duly called, shall constitute a quorum for the transaction of all business, except as otherwise provided by law, the Certificate of Incorporation or these Bylaws. Section 5. Adjournment of Meetings. Ifless than a quorum shall attend at the time for which a meeting shall have been called, the meeting may adjourn from time to time, by a majority vote ofthe stockholders present or represented by proxy and entitled to vote, without notice other than by announcement at the meeting until a quorum shall attend. Any meeting at which a quorum is present may also be adjourned in like manner and for such time or upon such call as may be determined by a majority vote of the stockholders present or represented by proxy and entitled to vote. At any adjourned meeting at which a quorum shall be present, any business may be transacted and any corporate action may be taken which might have been transacted at the meeting as originally called. Section 6. Voting List. The Secretary shall prepare and make, at least ten (10) days before each election of directors, a complete list of the stockholders entitled to vote, arranged in alphabetical order and showing the address of each stockholder and the number of shares of each stockholder. Such list shall be open at the place where the election is to be held for said ten (10) days, for the examination by any stockholder, and shall be produced and kept at the time and place of election during the whole time thereof, and subject to the inspection of any stockholder who may be present. Section 7. Voting. Each stockholder entitled to vote at any meeting may vote either in person or by proxy, but no proxy shall be voted on or after three (3) years from its date, unless said proxy provides for a longer period. Except as otherwise provided by the Certificate of Incorporation, each stockholder entitled to vote shall at every meeting of the stockholders be entitled to one (1) vote for each share of stock and a fraction of a vote in proportion to any fractional shares registered in his name on the record of stockholders. Except as may provided by law, the Certificate oflncorporation, these Bylaws or any stock exchange or regulatory body applicable to the Corporation, each matter brought before any meeting of stockholders shall be decided by the affirmative vote of the holders of a majority of the votes of the shares of capital stock present in person or represented by proxy at the meeting and entitled to vote on the matter. Voting at meetings of stockholders need not be by written ballot. Section 8. Record Date of Stockholders. The Board of Directors is authorized to fix in advance a date not exceeding sixty (60) days nor less than ten (10) days preceding the date of any meeting of stockholders, or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of capital stock shall go into effect, or a date in connection with obtaining the consent of stockholders for any purposes, as a record date for the determination of the stockholders entitled to notice of, and to vote at, any such meeting, and any adjournment thereof, or entitled to receive payment of any such dividend, or to any such allotment of rights, or to exercise the rights in respect of any such change, conversion or exchange of capital stock, or to give such consent, and, in such case, such stockholders and only such stockholders as shall be stockholders of record on the date so fixed shall be entitled to such notice of, and to vote at, such meeting, and any adjournment thereof, or to receive payment of such dividend, or to receive such allotment of rights, or to exercise such -2-


 
rights, or to give such consent, as the case may be, notwithstanding any transfer of any stock on the books of the Corporation, after such record date fixed as aforesaid. Section 9. Action Without Meeting. Any action required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery to its registered office in the State ofDelaware, its principal place of business, or an officer or agent ofthe Corporation having custody ofthe book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation's registered office shall be by hand or by certified or registered mail, return receipt requested. An electronic transmission by a shareholder consenting to an action to be taken is considered to be written, signed, and dated for the purposes of this section if the transmission sets forth or is delivered with information from which the Corporation can determine that the transmission was transmitted by the shareholder and the date on which the shareholder transmitted the transmission. The date of transmission is the date on which the consent was signed. Consent given by electronic transmission may not be considered delivered until the consent is reproduced in paper form and the paper form is delivered to the Corporation at its registered office in this state or its principal place of business, or to an officer or agent of the Corporation having custody of the book in which proceedings of shareholder meetings are recorded. Notwithstanding the foregoing limitations on delivery, consent given by electronic transmission may be delivered to the principal place ofbusiness of the Corporation or to an officer or agent of the Corporation having custody of the book in which proceedings of shareholder meetings are recorded to the extent and in the manner provided by resolution ofthe Board ofDirectors of the Corporation. Any photographic, photostatic, facsimile, or similarly reliable reproduction of a consent in writing signed by a shareholder may be substituted or used instead of the original writing for any purpose for which the original writing could be used, if the reproduction is a complete reproduction of the entire original writing. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing. Section 10. Conduct of Meetings. The Chairman of the Board ofDirectors, or ifthere be none or if the Chairman is absent, the President shall preside at all regular or special meetings of stockholders. To the maximum extent permitted by law, such presiding person shall have the power to set procedural rules, including but not limited to rules respecting the time allotted to stockholders to speak, governing all aspects ofthe conduct of such meetings. ARTICLE III. DIRECTORS. Section 1. Number and Qualifications. The Board of Directors shall consist initially of such number of directors as is set forth in the Statement of the Sole Incorporator, and thereafter shall consist of such number as may be fixed from time to time by resolution of the Board of Directors. The directors need not be stockholders. -3-


 
Section 2. Election of Directors. The directors shall be elected by the stockholders at the annual meeting of stockholders. Section 3. Duration of Office. The directors chosen at any annual meeting shall, except as hereinafter provided, hold office until the next annual election and until their successors are elected and qualify. Section 4. Removal and Resignation of Directors. Except as set forth in the Certificate of Incorporation, any director may be removed from the Board ofDirectors, with or without cause, by the holders of a majority of the shares of capital stock entitled to vote, either by written consent or consents or at any special meeting of the stockholders called for that purpose, and the office of such director shall forthwith become vacant. Any director may resign at any time. Such resignation shall be made in writing or by electronic transmission and shall take effect at the time specified therein, and if no time be specified, at the time of its receipt by the President, any Vice President or Secretary. The acceptance of a resignation shall not be necessary to make it effective, unless so specified therein. Section 5. Filling of Vacancies. Except as otherwise set forth in the Certificate of Incorporation, any vacancy among the directors, occurring from any cause whatsoever, may be filled by a majority of the remaining directors, though less than a quorum; provided, however, that the stockholders removing any director may at the same meeting fill the vacancy caused by such removal; and provided, further, that if the directors fail to fill any such vacancy, the st10ckholders may at any special meeting called for that purpose fill such vacancy. In case of any increase in the number of directors, the additional directors may be elected by the directors in office before such increase. Any person elected to fill a vacancy shall hold office, subject to the right of removal as hereinbefore provided, until the next annual election and until his successor is elected and qualifies. Section 6. Regular Meetings. The Board of Directors shall hold an annual meeting for the purpose of organization and the transaction of any business immediately after the annual meeting of the stockholders, provided a quorum of directors is present. Other regular meetings may be held at such times as may be determined from time to time by resolution of the Board of Directors. Section 7. Special Meetings. Special meetings ofthe Board of Directors may be called by the Chairman of the Board of Directors, if any, or by any two (2) directors. Section 8. Notice and Place ofMeetings. Meetings ofthe Board of Directors may be held at the principal office of the Corporation, or at such other place as shall be stated in the notice of such meeting. Notice of any special meeting and, except as the Board of Directors may otherwise determine by resolution, notice of any regular meeting also, shall be mailed to each director addressed to him at his residence or usual place of business at least two (2) days before the day on which the meeting is to be held, or if sent to him at such place by facsimile, telegraph, cable or other means of electronic transmission, or delivered personally or by telephone, not later than the day before the day on which the meeting is to be held. No notice of the annual meeting -4-


 
of the Board of Directors shall be required if it is held immediately after the annual meeting of the stockholders and if a quorum is present. Section 9. Business Transacted at Meetings, etc. Any business may be transacted and any corporate action may be taken at any regular or special meeting of the Board of Directors at which a quorum shall be present, whether such business or proposed action be stated in the notice of such meeting or not, unless special notice of such business or proposed action shall be required by statute. Section 10. Ouorum. A majority ofthe Board ofDirectors at any time in office shall constitute a quorum. At any meeting at which a quorum is present, the vote of a majority of the members present shall be the act of the Board of Directors unless the act of a greater number is specifically required by law, the Certificate oflncorporation or these Bylaws. The members of the Board ofDirectors shall act only as the Board ofDirectors and the individual members thereof shall not have any powers as such. Section 11. Compensation. Members ofthe Board ofDirectors shall not receive any stated salary for their services as directors, but by resolution of the Board ofDirectors a fixed fee and expenses of attendance may be allowed for attendance at each meeting. Nothing herein contained shall preclude any director from serving the Corporation in any other capacity, as an officer, agent or otherwise, and receiving compensation therefor. Section 12. Action Without a Meeting. Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members ofthe Board ofDirectors or committee, as the case may be, consent thereto in writing or by electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of the proceedings of the Board of Directors or committee. Such filing shall be in paper form ifthe minutes are maintained in paper form and shall be in electronic form ifthe minutes are maintained in electronic form. Section 13. Meetings Through Use of Communications Equipment. Members ofthe Board of Directors, or any committee designated by the Board of Directors, shall, except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, have the power to participate in a meeting of the Board of Directors, or any committee, by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation shall constitute presence in person at the meeting. ARTICLE IV. COMMITIEES. Section 1. Executive Committee. The Board of Directors may, by resolution passed by a majority of the whole Board, designate two (2) or more of their number to constitute an Executive Committee to hold office at the pleasure of the Board of Directors, which Committee shall, during the intervals between meetings of the Board ofDirectors, have and exercise all of the powers of the Board of Directors in the management of the business and affairs of the Corporation, subject only to such restrictions or limitations as the Board of Directors may from -5-


 
time to time specify, or as limited by the Delaware General Corporation Law, and shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it. Any member of the Executive Committee may be removed at any time, with or without cause, by a resolution of a majority of the whole Board of Directors. Any person ceasing to be a member of the Board of Directors shall ipso facto cease to be a member of the Executive Committee. Any vacancy in the Executive Committee occurring from any cause whatsoever may be filled from among the directors by a resolution of a majority ofthe whole Board ofDirectors. Section 2. Other Committees. Other committees, whose members need not be members ofthe Board of Directors, may be appointed by the Board ofDirectors or the Executive Committee, which committees shall hold office for such time and have such powers and perform such duties as may from time to time be assigned to them by the Board of Directors or the Executive Committee. Any member of such a committee may be removed at any time, with or without cause, by the Board of Directors or the Executive Committee. Any vacancy in a committee occurring from any cause whatsoever may be filled by the Board of Directors or the Executive Committee. Section 3. Resignation. Any member of a committee may resign at any time. Such resignation shall be made in writing or by electronic transmission and shall take effect at the time sp.ecified therein, or, if no time be specified, at the time of its receipt by the President, any Vice President or Secretary. The acceptance of a resignation shall not be necessary to make it effective unless so specified therein. Section 4. Quorum. A majority ofthe members of a committee shall constitute a quorum. The act of a majority of the members of a committee present at any meeting at which a quorum is present shall be the act of such committee. The members of a committee shall act only as a committee, and the individual members thereof shall not have any powers as such. Section 5. Record ofProceedings, etc. Each committee shall keep a record of its acts and proceedings, and shall report the same to the Board of Directors when and as required by the Board ofDirectors. Section 6. Organization. Meetings. Notices, etc. A committee may hold its meetings at the principal office of the Corporation, or at any other place which a majority of the committee may at any time agree upon. Each committee may make such rules as it may deem expedient for the regulation and carrying on of its meetings and proceedings. Unless otherwise ordered by the Executive Committee, any notice of a meeting of such committee may be given by the Secretary of the Corporation or by the chairman of the committee and shall be sufficiently given if mailed to each member at his residence or usual place of business at least two (2) days before the day on which the meeting is to be held, or if sent to him at such place by facsimile, telegraph, cable or other means of electronic transmission, or delivered personally or by telephone, not later than twenty-four (24) hours before the time at which the meeting is to be held. -6-


 
Section 7. Compensation. The members of any committee shall be entitled to such compensation as may be allowed them by resolution of the Board of Directors. ARTICLE V. OFFICERS. Section 1. Number. The officers of the Corporation shall be a President, one or more Vice-Presidents, a Secretary and such other officers as may be appointed in accordance with the provisions of this Article V. The Board ofDirectors in its discretion may also elect a Chairman of the Board of Directors. Section 2. Election. Term of Office and Qualifications. The officers, except as provided in Section 3 of this Article V, shall be chosen annually by the Board of Directors. Each such officer shall, except as herein otherwise provided, hold office until his successor shall have been chosen and shall qualify. The Chairman of the Board ofDirectors, if any, shall be a director of the Corporation, and should he cease to be a director, he shall ipso facto cease to be such officer. Except as otherwise provided by law, any number of offices may be held by the same person. Section 3. Other Officers. Other officers, including one or more Vice Presidents, Assistant Secretaries, Treasurers or Assistant Treasurers, may from time to time be appointed by the Board of Directors, which other officers shall have such powers and perform such duties as may be assigned to them by the Board of Directors or the officer or committee appointing them. Section 4. Removal of Officers. Any officer ofthe Corporation may be removed from office, with or without cause, by a vote of a majority of the Board of Directors. Section 5. Resignation. Any officer of the Corporation may resign at any time. Such resignation shall be made in writing or by electronic transmission and shall take effect at the time specified therein, and if no time be specified, at the time of its receipt by the President or any Vice President or Secretary. The acceptance of a resignation shall not be necessary in order to make it effective, unless so specified therein. Section 6. Filling ofVacancies. A vacancy in any office shall be filled by the Board of Directors or by the authority appointing the predecessor in such office. Section 7. Compensation. The compensation of the officers shall be fixed by the Board of Directors, or by any committee upon which power in that regard may be conferred by the Board ofDirectors. Section 8. Chairman of the Board ofDirectors. The Chairman of the Board of Directors, if any, shall be a director and shall preside at all meetings of the stockholders and the Board of Directors, and shall have such power and perform such duties as may from time to time be assigned to him by the Board of Directors. Section 9. President. In the absence of the Chairman of the Board of Directors, or if there be none, the President shall preside at all meetings of the stockholders. The President shall have the power to call special meetings of the stockholders at any time. He shall be the Chief -7-


 
Executive Officer of the Corporation, and shall have the general direction of the business, affairs and property of the Corporation, and ofits several officers, and shall have and exercise all such powers and discharge such duties as usually pertain to the office ofPresident. Section 10. Vice Presidents. The Vice President, or Vice Presidents ifthere is more than one, shall, subject to the direction of the Board of Directors, at the request of the President, or in his absence or in case of his inability to perform his duties from any cause, perform the duties of the President, and, when so acting, shall have all the powers of, and be subject to all restrictions upon, the President. The Vice Presidents shall also perform such other duties as may be assigned to them by the Board of Directors, and the Board of Directors may determine the order of priority among them. Section 11. Secretary. The Secretary shall perform such duties as are incident to the office of Secretary, or as may from time to time be assigned to him by the Board of Directors, or as are prescribed by these Bylaws. Section 12. Treasurer. The Treasurer shall perform such duties and have powers as are usually incident to the office of Treasurer, or which may be assigned to him by the Board of Directors, or as are prescribed by these Bylaws. ARTICLE VI. CAPITAL STOCK. Section 1. Issue of Certificates of Stock. Certificates of capital stock shall be in such form as shall be approved by the Board of Directors. They shall be numbered in the order of their issue and shall be signed by the Chairman ofthe Board of Directors, the President or one of the Vice Presidents, and the Secretary or an Assistant Secretary or the Treasurer or an Assistant Treasurer, and the seal of the Corporation or a facsimile thereof shall be impressed or affixed or reproduced thereon; provided, however, that where such certificates are signed by a transfer agent or an assistant transfer agent or by a transfer clerk acting on behalf of the Corporation and a registrar, the signature of any such Chairman ofthe Board ofDirectors, President, Vice President, Secretary, Assistant Secretary, Treasurer or Assistant Treasurer may be a facsimile. In case any officer or officers who shall have signed, or whose facsimile signature or signatures shall have been used on, any such certificate or certificates shall cease to be such officer or officers of the Corporation, whether because of death, resignation or otherwise, before such certificate or certificates shall have been delivered by the Corporation, such certificate or certificates may nevertheless be adopted by the Corporation and be issued and delivered as though the person or persons who signed such certificate or certificates, or whose facsimile signature or signatures shall have been used thereon, have not ceased to be such officer or officers of the Corporation. Section 2. Registration and Transfer of Shares. The name of each person owning a share of the capital stock of the Corporation shall be entered on the books of the Corporation together with the number of shares held by him, the numbers of the certificates covering such shares and the dates of issue of such certificates. The shares of stock ofthe Corporation shall be transferable on the books ofthe Corporation by the holders thereof in person, or by their duly authorized attorneys or legal representatives, on surrender and cancellation of certificates for a -8-


 
like number of shares, accompanied by an assignment or power of transfer endorsed thereon or attached thereto, duly executed, and with such proof of the authenticity of the signature as the Corporation or its agents may reasonably require. A record shall be made of each transfer. The Board of Directors may make other and further rules and regulations concerning the transfer and registration of certificates for stock and may appoint a transfer agent or registrar or both and may require all certificates of stock to bear the signature of either or both. Section 3. Lost, Destroyed and Mutilated Certificates. The holder of any stock ofthe Corporation shall immediately notify the Corporation of any loss, theft, destruction or mutilation of the certificates therefor. The Corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it alleged to have been lost, stolen or destroyed, and the Board of Directors may, in its discretion, require the owner of the lost, stolen or destroyed certificate, or his legal representatives, to give the Corporation a bond, in such sum not exceeding double the value of the stock and with such surety or sureties as they may require, to indemnify it against any claim that may be made against it by reason of the issue of such new certificate and against all other liability in the premises, or may remit such owner to such remedy or remedies as he may have under the laws of the State of Delaware. ARTICLE VII. DIVIDENDS, SURPLUS, ETC. Section 1. General Discretion ofDirectors. The Board ofDirectors shall have power to fix and vary the amount to be set aside or reserved as working capital of the Corporation, or as reserves, or for other proper purposes of the Corporation, and, subject to the requirements of the Certificate of Incorporation, to determine whether any part of the surplus or net profits of the Corporation, if any, shall be declared as dividends and paid to the stockholders, and to fix the date or dates for the payment of dividends. ARTICLE VIII. MISCELLANEOUS PROVISIONS. Section 1. Fiscal Year. The fiscal year ofthe Corporation shall begin on January 1st of each year and end on December 31st of that year, or such other period as the Board of Directors may fix by resolution. Section 2. Corporate Seal. The corporate seal shall be in such form as approved by the Board ofDirectors and may be altered by the Board of Directors at its pleasure. The corporate seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise utilized. Section 3. Notices. Except as otherwise expressly provided, any notice required by these Bylaws to be given shall be sufficient if given by depositing the same in a post office or letter box in a sealed postpaid wrapper addressed to the person entitled thereto at his address, as the same appears upon the books of the Corporation, or by sending such notice via facsimile, telegraphing, cabling or other means of electronic transmission in accordance with Section 232 of the DGCL, the same to such person at such addresses; and such notice shall be deemed to be given at the time it is mailed, sent via facsimile, telegraphed, cabled or electronically transmitted. -9-


 
Section 4. Waiver ofNotice. Any stockholder or director may at any time, by writing or by facsimile, telegraph, cable or other means of electronic transmission, waive any notice required to be given under these Bylaws, and if any stockholder or director shall be present at any meeting his presence shall constitute a waiver of such notice. Any waiver signed, or given by facsimile, telegraph, cable or other means of electronic transmission, by stockholders or directors constituting a quorum for the business to be transacted shall be binding on all stockholders or directors, as applicable. Section 5. Use of Electronic Transmission. The Corporation is authorized to use "electronic transmissions" as defined in the DGCL to the fullest extent allowed by the DGCL, including, but not limited to, for purposes of notices, proxies, waivers and resignations. Section 6. Checks, Drafts. etc. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Corporation, shall be signed by such officer or officers, agent or agents of the Corporation, and in such manner, as shall from time to time be designated by resolution of the Board ofDirectors. Section 7. Deposits. All funds of the Corporation shall be deposited from time to time to the credit of the Corporation in such bank or banks, trust companies or other depositories as the Board of Directors may select, and, for the purpose of such deposit, checks, drafts, warrants and other orders for the payment of money that are payable to the order of the Corporation, may be endorsed for deposit, assigned and delivered by any officer of the Corporation, or by such agents of the Corporation as the Board of Directors, the President or any Vice President may authorize for that purpose. Section 8. Voting Stock of Other Corporations. Except as otherwise ordered by the Board of Directors or the Executive Committee, the President or any Vice President or the Treasurer shall have full power and authority on behalf of the Corporation to attend and to act and to vote at any meeting of the stockholders of any corporation of which the Corporation is a stockholder and to execute a proxy to any other person to represent the Corporation at any such meeting, and at any such meeting the President or any Vice President or the Treasurer or the holder of any such proxy, as the case may be, shall possess and may exercise any and all rights and powers incident to ownership of such stock and which, as owner thereof, the Corporation might have possessed and exercised if present. The Board of Directors or the Executive Committee may from time to time confer like powers upon any other person or persons. Section 9. Indemnification of Officers and Directors. Without limiting the rights of any and all directors or officers of the Corporation (including former directors or officers, and any employee, who shall serve as an officer or director of any corporation at the request ofthis Corporation) pursuant to any contractual arrangement with the Corporation or otherwise, the Corporation shall indemnify any and all of its directors or officers, including former directors or officers, and any employee, who shall serve as an officer or director of any corporation at the request ofthis Corporation, in accordance with the provisions ofthe Certificate of Incorporation. -10-


 
ARTICLE IX. AMENDMENTS. The Board of Directors shall have the power to make, rescind, alter, amend and repeal these Bylaws; provided, however, that the stockholders shall have power to rescind, alter, amend or repeal any bylaws made by the Board ofDirectors, and to enact bylaws which if so expressed shall not be rescinded, altered, amended or repealed by the Board of Directors. No change of the time or place for the annual meeting of the stockholders for the election of directors shall be made except in accordance with the laws of the State ofDelaware. * * * * * -11-


 
Exhibit 3.5 State of Delaware Secretary of State Division of Corporations Delivered 04:38PM 06/01/2010 FILED 04:35PM 06/01/2010 SRV 100616050 - 4830909 FILE CERTIFICATE OF INCORPORATION OF EXTANT COMPONENTS GROUP INTERMEDIATE, INC. ******** ARTICLE I. The name of the corporation (the "Corporation") is: Extant Components Group Intermediate, Inc. ARTICLE II. The address of the registered office of the Corporation in the State of Delaware is do Corporation Service Company, 2711 Centerville Road, Suite 400, Wihnington, Delaware 19808. The name of the registered agent ofthe Corporation at such address is Corporation Service Company, in the county of New Castle. ARTICLE III. The nature of the business or purposes to be conducted or promoted by the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware. ARTICLE lV. The total number of shares of stock which the Corporation shall have authority to issue is (a) 2,000 shares of common stock, par value $0.01 per share (the "Common Stock") and (b) 100 shares ofpreferred stock, par value $0.01 per share (the ''Preferred Stock"). Each holder of Common Stock shall be entitled to one vote for each share held. Common Stock may be issued in fractions of a share which shall entitle the holder, in proportion to such holder's fractional shares, to exercise voting rights, receive dividends, participate in distributions and have the benefit of all other rights of holders of Common Stock. The Preferred Stock may be issued from time to time in one or more series, each of which series shall have such distinctive designation or title and such number of shares as shall be fixed by the Board of Directors of the Corporation (the "Board of Directors") prior to the issuance of any shares thereof. Each such series of Preferred Stock shall have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as shall be stated and expressed in the resolution or resolutions providing for the issue of such series of Preferred Stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof pursuant to the authority hereby expressly vested in it. The Board of Directors is further authorized to increase or decrease (but not below the number of shares outstanding) the number of shares of any series ofPreferred Stock subsequent to the issuance of


 
shares of that series. In case the number of shares of any series shall be so decreased, the shares constituting such decrease shall resume the status of which they had prior to the adoption of the resolution originally fixing the number of shares of such series. ARTICLEV. The name and mailing address of the Sole Incorporator are as follows: Steven D. Poliner Willk.ie Parr & Gallagher LLP 787 Seventh Avenue New York, New York 10019-6099 ARTICLE VI. In furtherance and not in limitation of the powers conferred by statute, the bylaws of the Corporation may be made, altered, amended or repealed by the stockholders of the Corporation or by a majority of the entire Board of Directors. ARTICLE VII. Elections of directors need not be by written ballot. ARTICLE VIII. The following indemnification provisions shall apply to the persons enumerated below. 1. Right to Indemnification of Directors and Officers. The Corporation shall indemnify and hold harmless, to the fu1lest extent permitted by the General Corporation Law of the State of Delaware (the "DGCL") as it presently exists or may hereafter be amended, any person (an "Indemnified Person") who was or is made or is threatened to be made a party or is otherwise involved in any action, suit or proceeding based upon or arising out of actions or omissions occurring after the date hereof and not based on any facts or obligations existing prior to the date hereof, whether civil, criminal, administrative, investigative or otherwise (a "Proceeding"), by reason of the fact that such person, or a person for whom such person is the legal representative, is or was a director or officer of the Corporation or, while a director or officer of the Corporation, is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation or of a partnership, joint venture, limited liability company, trust, enterprise or nonprofit entity, including service with respect to employee benefit plans (collectively, "Another Enterprise"), against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such Indemnified Person in such Proceeding; provided, however, that an Indemnified Person shall not settle, compromise or consent to judgment in any such Proceeding unless the Corporation shall have consented thereto in writing. Notwithstanding the preceding sentence, except as otherwise provided in Section 3 of this Article VIII, the Corporation shall be required to indemnify an Indemnified Person in connection with a Proceeding (or part thereof) commenced by such Indemnified Person only if -2-


 
the commencement of such Proceeding (or part thereof) by the Indemnified Person was authorized in advance by the Board of Directors. 2. Advancement of Expenses of Directors. The Corporation shall pay the expenses (including attorneys' fees) incurred by a person in defending any Proceeding based upon or arising out of actions or omissions occurring after the date hereof and not based on any facts or obligations existing prior to the date hereof in advance of its final disposition by reason of the fact that such person, or a person for whom such person is the legal representative, is or was a director of the Corporation or, while a director of the Corporation, is or was serving at the request of the Corporation as a director of Another Enterprise (a "Director Indemnified Person"); provided, however, that (i) such payment of expenses in advance of the final disposition of the Proceeding shall be made only upon receipt of an undertaking from the Director Indemnified Person to repay all amounts advanced if it should ultimately be determined that the Director Indemnified Person is not entitled to be indemnified under this Article VIII or otherwise, and (ii) this subsection 2 shall not be deemed to apply to directors who are or were officers, employees or agents of the Corporation or Another Enterprise, which persons shall be subject to subsection 5 below. 3. Claims by Directors and Officers. If a claim for indemnification by an Indemnified Person or advancement of expenses by a Director Indemnified Person under this Article VIII is not paid in full within ninety (90) days after a valid written claim therefor by the Indemnified Person or Director Indemnified Person, as applicable, has been received by the Corporation, the Indemnified Person or Director Indemnified Person, as applicable, may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expense of prosecuting such claim. In any such action, the Corporation shall have the burden of proving that the Indemnified Person or Director Indemnified Person, as applicable, is not entitled to the requested indemnification or advancement of expenses under this Certificate of Incorporation. 4. Indemnification of Employees and Agents. The Corporation may indemnify and advance expenses to any person who was or is made or is threatened to be made or is otherwise involved in any Proceeding by reason of the fact that such person, or a person for whom such person is the legal representative, is or was a non-director or non-officer employee or agent of the Corporation or, while a non-director or non-officer employee or agent of the Corporation, is or was serving at the request of the Corporation as a director, officer, employee or agent of Another Enterprise against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such person in connection with such Proceeding; provided, however, that shall the Corporation determine to indemnify and advance expenses to any such person, such person shall not settle, compromise or consent to judgment in any such Proceeding unless the Corporation shall have consented thereto in writing. The ultimate determination of entitlement to indemnification of persons who are non-director or non-officer employees or agents shall be made in such manner as is determined by the Board of Directors in its sole discretion. Notwithstanding the foregoing sentence, the Corporation shall not be required to indemnify a person in connection with a Proceeding initiated by such person if the Proceeding was not authorized in advance by the Board of Directors. / -3-


 
5. Advancement of Expenses of Officers, Employees and Agents. The C01poration may pay the expenses (incJuding attorneys' fees) incurred by an officer, employee or agent in defending any Proceeding in advance ofits final disposition on such terms and conditions as may be determined by the Board of Directors; provided, however, that such payment of expenses in advance of the final disposition of the Proceeding shall be made only upon receipt of an undertaking from the officer, employee or agent to repay all amounts advanced if it should ultimately be determined that the officer, employee or agent is not entitled to be indemnified under this Article VIII or otherwise. 6. Non-Exclusivity of Rights. The rights conferred on any person by this Article VIII shall not be exclusive of any other rights which such person may have or hereafter acquire under any statute, provision of this Certificate of Incorporation or the Bylaws of the Corporation, agreement, vote of stockholders or disinterested directors or otherwise. 7. Insurance. The Board of Directors may, to the full extent permitted by the DGCL as it presently exists, or may hereafter be amended from time to time, authorize an appropriate officer or officers to purchase and maintain at the Corporation's expense insurance: (a) to indemnify the Corporation for any obligation which it incurs as a result of the indemnification of directors, officers, agents and employees under the provisions of this Artide VIII; and (b) to indemnify or insure directors, officers, agents and employees against liability in instances in which they may not otherwise be indemnified by the Corporation under the provisions of this Article VIII. 8~ Amendment or Reoeal. The rights to indemnification and advancement of expenses conferred upon any current or former director or officer of the Corporation pursuant to this Article VIII (whether by reason of the fact that such person is or was a director or officer of the Corporation, or while serving as a director or officer of the Corporation, is or was serving at the request of the Corporation as a director, officer, employee or agent of Another Enterprise) shall be contract rights, shall vest when such person becomes a director or officer of the Corporation, and shall continue as vested contract rights even if such person ceases to be a director or officer of the Corporation. Any amendment, repeal or modification of, or adoption of any provision inconsistent with, this Article VIII (or any provision hereof) shall not adversely affect any right to indemnification or advancement of expenses granted to any person pursuant hereto with respect to any act or omission of such person occurring prior to the time of such amendment, repeal, modification or adoption (regardless of whether the Proceeding relating to such acts or omissions, or any proceeding relating to such person's rights to indemnification or to advancement of expenses, is commenced before or after the time of such amendment, repeal, modification or adoption), and any such amendment, repeal, modification or adoption that would adversely affect such person's rights to indemnification or advancement of expenses hereunder shall be ineffective as to such person, except with respect to any threatened, pending or completed Proceeding that relates to or arises from (and only to the extent such Proceeding relates to or arises from) any act or omission of such person occurring after the effective time of such amendment, repeal, modification or adoptiqn. The rights provided hereunder shall inure to the benefit of any Indemnified Person and such person's heirs, executors and administrators. {Remainder of Page Intentionally Left Blank] -4-


 
THE UNDERSIGNED, being the Sole Incorporator hereinbefore named, for the purpose of forming a corporation pursuant to the General Corporation Law of the State of Delaware makes this Certificate of Incorporation, hereby declaring and certifying that this is his act and deed and the facts herein stated are true and, accordingly, has hereunto set his hand this 1st day of June, 2010. Steven D. Poliner Willkie Farr & Gallagher LLP 787 Seventh A venue New York, NY 10019


 
Exhibit 3.6 BYLAWS OF EXTANT COMPONENTS GROUP INTERMEDIATE, INC. ARTICLE I. OFFICES. The registered office of Extant Components Group Intermediate, Inc., a Delaware corporation (the "Corporation"), shall be located in the State of Delaware and shall be at such address as shall be set forth in the Certificate of Incorporation (as the same may be amended from time to time, the "Certificate of Incorporation"). The registered agent of the Corporation at such address shall be as set forth in the Certificate of Incorporation. The Corporation may also have such other offices at such other places, within or without the State of Delaware, as the Board of Directors of the Corporation (the "Board of Directors") may from time to time designate or the business of the Corporation may require. ARTICLE II. STOCKHOLDERS. Section 1. Annual Meeting. The annual meeting of stockholders for the election of directors and the transaction of any other business shall be held on such date and at such time and in such place, either within or without the State of Delaware, as shall from time to time be designated by the Board of Directors. At the annual meeting any business may be transacted and any corporate action may be taken, whether stated in the notice of meeting or not, except as otherwise expressly provided by statute or the Certificate of Incorporation. Section 2. Special Meetings. Special meetings of the stockholders for any purpose may be called at any time by the Board of Directors or the President, and shall be called by the President at the request ofthe holders of at least twenty percent (20%) ofthe outstanding shares of capital stock entitled to vote. Special meetings shall be held at such place or places within or without the State of Delaware as shall from time to time be designated by the Board of Directors. At a special meeting no business shall be transacted and no corporate action shall be taken other than that stated in the notice of the meeting. Section 3. Notice of Meetings. Written notice of the time and place of any stockholders' meeting, whether annual or special, shall be given to each stockholder entitled to vote thereat, by personal delivery, by electronic transmission in accordance with Section 232 of the Delaware General Corporation Law (the "DGCL") or by mailing the same to him at his address as the same appears upon the records of the Corporation at least ten (1 0) days but not more than sixty (60) days before the day of the meeting. Notice of any adjourned meeting need not be given except by announcement at the meeting so adjourned, unless otherwise ordered in connection with such adjournment. Such further notice, if any, shall be given as may be required by law. Section 4. Quorum. Any number of stockholders, together holding at least a majority of the capital stock of the Corporation issued and outstanding and entitled to vote, who shall be


 
present in person or represented by proxy at any meeting duly called, shall constitute a quorum for the transaction of all business, except as otherwise provided by law, the Certificate of Incorporation or these Bylaws. Section 5. Adjournment of Meetings. lfless than a quorum shall attend at the time for which a meeting shall have been called, the meeting may adjourn from time to time, by a majority vote of the stockholders present or represented by proxy and entitled to vote, without notice other than by announcement at the meeting until a quorum shall attend. Any meeting at which a quorum is present may also be adjourned in like manner and for such time or upon such call as may be determined by a majority vote of the stockholders present or represented by proxy and entitled to vote. At any adjourned meeting at which a quorum shall be present, any business may be transacted and any corporate action may be taken which might have been transacted at the meeting as originally called. Section 6. Voting List. The Secretary shall prepare and make, at least ten (1 0) days before each election of directors, a complete list of the stockholders entitled to vote, arranged in alphabetical order and showing the address of each stockholder and the number of shares of each stockholder. Such list shall be open at the place where the election is to be held for said ten (10) days, for the examination by any stockholder, and shall be produced and kept at the time and place of election during the whole time thereof, and subject to the inspection of any stockholder who may be present. Section 7. Voting. Each stockholder entitled to vote at any meeting may vote either in person or by proxy, but no proxy shall be voted on or after three (3) years from its date, unless said proxy provides for a longer period. Except as otherwise provided by the Certificate of Incorporation, each stockholder entitled to vote shall at every meeting of the stockholders be entitled to one (1) vote for each share of stock and a fraction of a vote in proportion to any fractional shares registered in his name on the record of stockholders. Except as may provided by law, the Certificate of Incorporation, these Bylaws or any stock exchange or regulatory body applicable to the Corporation, each matter brought before any meeting of stockholders shall be decided by the affirmative vote of the holders of a majority of the votes of the shares of capital stock present in person or represented by proxy at the meeting and entitled to vote on the matter. Voting at meetings of stockholders need not be by written ballot. Section 8. Record Date of Stockholders. The Board ofDirectors is authorized to fix in advance a date not exceeding sixty (60) days nor less than ten (10) days preceding the date of any meeting of stockholders, or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of capital stock shall go into effect, or a date in connection with obtaining the consent of stockholders for any purposes, as a record date for the determination of the stockholders entitled to notice of, and to vote at, any such meeting, and any adjournment thereof, or entitled to receive payment of any such dividend, or to any such allotment of rights, or to exercise the rights in respect of any such change, conversion or exchange of capital stock, or to give such consent, and, in such case, such stockholders and only such stockholders as shall be stockholders of record on the date so fixed shall be entitled to such notice of, and to vote at, such meeting, and any adjournment thereof, or to receive payment of such dividend, or to receive such allotment of rights, or to exercise such -2-


 
rights, or to give such consent, as the case may be, notwithstanding any transfer of any stock on the books of the Corporation, after such record date fixed as aforesaid. Section 9. Action Without Meeting. Any action required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery to its registered office in the State of Delaware, its principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation's registered office shall be by hand or by certified or registered mail, return receipt requested. An electronic transmission by a shareholder consenting to an action to be taken is considered to be written, signed, and dated for the purposes of this section if the transmission sets forth or is delivered with information from which the Corporation can determine that the transmission was transmitted by the shareholder and the date on which the shareholder transmitted the transmission. The date of transmission is the date on which the consent was signed. Consent given by electronic transmission may not be considered delivered until the consent is reproduced in paper form and the paper form is delivered to the Corporation at its registered office in this state or its principal place of business, or to an officer or agent of the Corporation having custody of the book in which proceedings of shareholder meetings are recorded. Notwithstanding the foregoing limitations on delivery, consent given by electronic transmission may be delivered to the principal place of business of the Corporation or to an officer or agent of the Corporation having custody of the book in which proceedings of shareholder meetings are recorded to the extent and in the manner provided by resolution of the Board of Directors of the Corporation. Any photographic, photostatic, facsimile, or similarly reliable reproduction of a consent in writing signed by a shareholder may be substituted or used instead of the original writing for any purpose for which the original writing could be used, if the reproduction is a complete reproduction of the entire original writing. Prompt notice of the taking ofthe corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing. Section 10. Conduct of Meetings. The Chairman of the Board of Directors, or if there be none or if the Chairman is absent, the President shall preside at all regular or special meetings of stockholders. To the maximum extent permitted by law, such presiding person shall have the power to set procedural rules, including but not limited to rules respecting the time allotted to stockholders to speak, governing all aspects of the conduct of such meetings. ARTICLE III. DIRECTORS. Section 1. Number and Qualifications. The Board of Directors shall consist initially of such number of directors as is set forth in the Statement of the Sole Incorporator, and thereafter shall consist of such number as may be fixed from time to time by resolution of the Board of Directors. The directors need not be stockholders. -3-


 
Section 2. Election of Directors. The directors shall be elected by the stockholders at the annual meeting of stockholders. Section 3. Duration of Office. The directors chosen at any annual meeting shall, except as hereinafter provided, hold office until the next annual election and until their successors are elected and qualify. Section 4. Removal and Resignation of Directors. Except as set forth in the Certificate of Incorporation, any director may be removed from the Board of Directors, with or without cause, by the holders of a majority of the shares of capital stock entitled to vote, either by written consent or consents or at any special meeting of the stockholders called for that purpose, and the office of such director shall forthwith become vacant. Any director may resign at any time. Such resignation shall be made in writing or by electronic transmission and shall take effect at the time specified therein, and if no time be specified, at the time of its receipt by the President, any Vice President or Secretary. The acceptance of a resignation shall not be necessary to make it effective, unless so specified therein. Section 5. Filling of Vacancies. Except as otherwise set forth in the Certificate of Incorporation, any vacancy among the directors, occurring from any cause whatsoever, may be filled by a majority of the remaining directors, though less than a quorum; provided, however, that the stockholders removing any director may at the same meeting fill the vacancy caused by such removal; and provided, further, that if the directors fail to fill any such vacancy, the stockholders may at any special meeting called for that purpose fill such vacancy. In case of any increase in the number of directors, the additional directors may be elected by the directors in office before such increase. Any person elected to fill a vacancy shall hold office, subject to the right of removal as hereinbefore provided, until the next annual election and until his successor is elected and qualifies. Section 6. Regular Meetings. The Board of Directors shall hold an annual meeting for the purpose of organization and the transaction of any business immediately after the annual meeting of the stockholders, provided a quorum of directors is present. Other regular meetings may be held at such times as may be determined from time to time by resolution of the Board of Directors. Section 7. Special Meetings. Special meetings ofthe Board of Directors may be called by the Chairman ofthe Board ofDirectors, if any, or by any two (2) directors. Section 8. Notice and Place of Meetings. Meetings of the Board ofDirectors may be held at the principal office of the Corporation, or at such other place as shall be stated in the notice of such meeting. Notice of any special meeting and, except as the Board of Directors may otherwise determine by resolution, notice of any regular meeting also, shall be mailed to each director addressed to him at his residence or usual place of business at least two (2) days before the day on which the meeting is to be held, or if sent to him at such place by facsimile, telegraph, cable or other means of electronic transmission, or delivered personally or by telephone, not later than the day before the day on which the meeting is to be held. No notice of the annual meeting -4-


 
of the Board of Directors shall be required if it is held immediately after the annual meeting of the stockholders and if a quorum is present. Section 9. Business Transacted at Meetings, etc. Any business may be transacted and any corporate action may be taken at any regular or special meeting of the Board of Directors at which a quorum shall be present, whether such business or proposed action be stated in the notice of such meeting or not, unless special notice of such business or proposed action shall be required by statute. Section 10. Ouorum. A majority ofthe Board of Directors at any time in office shall constitute a quorum. At any meeting at which a quorum is present, the vote of a majority of the members present shall be the act of the Board of Directors unless the act of a greater number is specifically required by law, the Certificate oflncorporation or these Bylaws. The members of the Board of Directors shall act only as the Board ofDirectors and the individual members thereof shall not have any powers as such. Section 11. Compensation. Members of the Board of Directors shall not receive any stated salary for their services as directors, but by resolution of the Board of Directors a fixed fee and expenses of attendance may be allowed for attendance at each meeting. Nothing herein contained shall preclude any director from serving the Corporation in any other capacity, as an officer, agent or otherwise, and receiving compensation therefor. Section 12. Action Without a Meeting. Any action required or permitted to be taken at any meeting ofthe Board ofDirectors, or of any committee thereof, may be taken without a meeting if all members ofthe Board ofDirectors or committee, as the case may be, consent thereto in writing or by electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of the proceedings of the Board of Directors or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form. Section 13. Meetings Through Use of Communications Equipment. Members ofthe Board of Directors, or any committee designated by the Board of Directors, shall, except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, have the power to participate in a meeting of the Board of Directors, or any committee, by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation shall constitute presence in person at the meeting. ARTICLE IV. COMMITIEES. Section 1. Executive Committee. The Board ofDirectors may, by resolution passed by a majority of the whole Board, designate two (2) or more of their number to constitute an Executive Committee to hold office at the pleasure of the Board of Directors, which Committee shall, during the intervals between meetings ofthe Board of Directors, have and exercise all of the powers of the Board of Directors in the management of the business and affairs of the Corporation, subject only to such restrictions or limitations as the Board of Directors may from -5-


 
time to time specify, or as limited by the Delaware General Corporation Law, and shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it. Any member of the Executive Committee may be removed at any time, with or without cause, by a resolution of a majority ofthe whole Board ofDirectors. Any person ceasing to be a member of the Board of Directors shall ipso facto cease to be a member of the Executive Committee. Any vacancy in the Executive Committee occurring from any cause whatsoever may be filled from among the directors by a resolution of a majority ofthe whole Board ofDirectors. Section 2. Other Committees. Other committees, whose members need not be members ofthe Board of Directors, may be appointed by the Board ofDirectors or the Executive Committee, which committees shall hold office for such time and have such powers and perform such duties as may from time to time be assigned to them by the Board of Directors or the Executive Committee. Any member of such a committee may be removed at any time, with or without cause, by the Board of Directors or the Executive Committee. Any vacancy in a committee occurring from any cause whatsoever may be filled by the Board of Directors or the Executive Committee. Section 3. Resignation. Any member of a committee may resign at any time. Such resignation shall be made in writing or by electronic transmission and shall take effect at the time specified therein, or, if no time be specified, at the time of its receipt by the President, any Vice President or Secretary. The acceptance of a resignation shall not be necessary to make it effective unless so specified therein. Section 4. Quorum. A majority of the members of a committee shall constitute a quorum. The act of a majority of the members of a committee present at any meeting at which a quorum is present shall be the act of such committee. The members of a committee shall act only as a committee, and the individual members thereof shall not have any powers as such. Section 5. Record of Proceedings, etc. Each committee shall keep a record of its acts and proceedings, and shall report the same to the Board of Directors when and as required by the Board of Directors. Section 6. Organization. Meetings, Notices. etc. A committee may hold its meetings at the principal office of the Corporation, or at any other place which a majority of the committee may at any time agree upon. Each committee may make such rules as it may deem expedient for the regulation and carrying on of its meetings and proceedings. Unless otherwise ordered by the Executive Committee, any notice of a meeting of such committee may be given by the Secretary ofthe Corporation or by the chairman ofthe committee and shall be sufficiently given if mailed to each member at his residence or usual place of business at least two (2) days before the day on which the meeting is to be held, or if sent to him at such place by facsimile, telegraph, cable or other means of electronic transmission, or delivered personally or by telephone, not later than twenty-four (24) hours before the time at which the meeting is to be held. -6-


 
Section 7. Compensation. The members of any committee shall be entitled to such compensation as may be allowed them by resolution of the Board ofDirectors. ARTICLE V. OFFICERS. Section 1. Number. The officers of the Corporation shall be a President, one or more Vice-Presidents, a Secretary and such other officers as may be appointed in accordance with the provisions of this Article V. The Board of Directors in its discretion may also elect a Chairman of the Board of Directors. Section 2. Election. Term of Office and Qualifications. The officers, except as provided in Section 3 of this Article V, shall be chosen annually by the Board of Directors. Each such officer shall, except as herein otherwise provided, hold office until his successor shall have been chosen and shall qualify. The Chairman ofthe Board ofDirectors, if any, shall be a director of the Corporation, and should he cease to be a director, he shall ipso facto cease to be such officer. Except as otherwise provided by law, any number of offices may be held by the same person. Section 3. Other Officers. Other officers, including one or more Vice Presidents, Assistant Secretaries, Treasurers or Assistant Treasurers, may from time to time be appointed by the Board of Directors, which other officers shall have such powers and perform such duties as may be assigned to them by the Board of Directors or the officer or committee appointing them. Section 4. Removal of Officers. Any officer ofthe Corporation may be removed from office, with or without cause, by a vote of a majority ofthe Board ofDirectors. Section 5. Resignation. Any officer of the Corporation may resign at any time. Such resignation shall be made in writing or by electronic transmission and shall take effect at the time specified therein, and if no time be specified, at the time of its receipt by the President or any Vice President or Secretary. The acceptance of a resignation shall not be necessary in order to make it effective, unless so specified therein. Section 6. Filling ofVacancies. A vacancy in any office shall be filled by the Board of Directors or by the authority appointing the predecessor in such office. Section 7. Compensation. The compensation of the officers shall be fixed by the Board of Directors, or by any committee upon which power in that regard may be conferred by the Board ofDirectors. Section 8. Chairman of the Board of Directors. The Chairman of the Board of Directors, if any, shall be a director and shall preside at all meetings of the stockholders and the Board ofDirectors, and shall have such power and perform such duties as may from time to time be assigned to him by the Board of Directors. Section 9. President. In the absence of the Chairman of the Board of Directors, or if there be none, the President shall preside at all meetings ofthe stockholders. The President shall have the power to call special meetings of the stockholders at any time. He shall be the Chief -7-


 
Executive Officer of the Corporation, and shall have the general direction of the business, affairs and property ofthe Corporation, and of its several officers, and shall have and exercise all such powers and discharge such duties as usually pertain to the office of President. Section 10. Vice Presidents. The Vice President, or Vice Presidents ifthere is more than one, shall, subject to the direction of the Board ofDirectors, at the request of the President, or in his absence or in case of his inability to perform his duties from any cause, perform the duties of the President, and, when so acting, shall have all the powers of, and be subject to all restrictions upon, the President. The Vice Presidents shall also perform such other duties as may be assigned to them by the Board of Directors, and the Board of Directors may determine the order of priority among them. Section 11. Secretarv. The Secretary shall perform such duties as are incident to the office of Secretary, or as may from time to time be assigned to him by the Board of Directors, or as are prescribed by these Bylaws. Section 12. Treasurer. The Treasurer shall perform such duties and have powers as are usually incident to the office of Treasurer, or which may be assigned to him by the Board of Directors, or as are prescribed by these Bylaws. ARTICLE VI. CAPITAL STOCK. Section 1. Issue of Certificates of Stock. Certificates of capital stock shall be in such form as shall be approved by the Board of Directors. They shall be numbered in the order of their issue and shall be signed by the Chairman of the Board of Directors, the President or one of the Vice Presidents, and the Secretary or an Assistant Secretary or the Treasurer or an Assistant Treasurer, and the seal of the Corporation or a facsimile thereof shall be impressed or affixed or reproduced thereon; provided, however, that where such certificates are signed by a transfer agent or an assistant transfer agent or by a transfer clerk acting on behalf of the Corporation and a registrar, the signature of any such Chairman ofthe Board ofDirectors, President, Vice President, Secretary, Assistant Secretary, Treasurer or Assistant Treasurer may be a facsimile. In case any officer or officers who shall have signed, or whose facsimile signature or signatures shall have been used on, any such certificate or certificates shall cease to be such officer or officers of the Corporation, whether because of death, resignation or otherwise, before such certificate or certificates shall have been delivered by the Corporation, such certificate or certificates may nevertheless be adopted by the Corporation and be issued and delivered as though the person or persons who signed such certificate or certificates, or whose facsimile signature or signatures shall have been used thereon, have not ceased to be such officer or officers ofthe Corporation. Section 2. Registration and Transfer of Shares. The name of each person owning a share of the capital stock of the Corporation shall be entered on the books of the Corporation together with the number of shares held by him, the numbers ofthe certificates covering such shares and the dates of issue of such certificates. The shares of stock of the Corporation shall be transferable on the books of the Corporation by the holders thereof in person, or by their duly authorized attorneys or legal representatives, on surrender and cancellation of certificates for a -8-


 
like number of shares, accompanied by an assignment or power oftransfer endorsed thereon or attached thereto, duly executed, and with such proof of the authenticity of the signature as the Corporation or its agents may reasonably require. A record shall be made of each transfer. The Board of Directors may make other and further rules and regulations concerning the transfer and registration of certificates for stock and may appoint a transfer agent or registrar or both and may require all certificates of stock to bear the signature of either or both. Section 3. Lost, Destroyed and Mutilated Certificates. The holder of any stock of the Corporation shall immediately notify the Corporation of any loss, theft, destruction or mutilation of the certificates therefor. The Corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it alleged to have been lost, stolen or destroyed, and the Board of Directors may, in its discretion, require the owner of the lost, stolen or destroyed certificate, or his legal representatives, to give the Corporation a bond, in such sum not exceeding double the value of the stock and with such surety or sureties as they may require, to indemnify it against any claim that may be made against it by reason of the issue of such new certificate and against all other liability in the premises, or may remit such owner to such remedy or remedies as he may have under the laws of the State of Delaware. ARTICLE VII. DIVIDENDS, SURPLUS, ETC. Section 1. General Discretion ofDirectors. The Board ofDirectors shall have power to fix and vary the amount to be set aside or reserved as working capital of the Corporation, or as reserves, or for other proper purposes of the Corporation, and, subject to the requirements of the Certificate of Incorporation, to determine whether any part of the surplus or net profits of the Corporation, if any, shall be declared as dividends and paid to the stockholders, and to fix the date or dates for the payment of dividends. ARTICLE VIII. MISCELLANEOUS PROVISIONS. Section 1. Fiscal Year. The fiscal year ofthe Corporation shall begin on January 1st of each year and end on December 31st of that year, or such other period as the Board of Directors may fix by resolution. Section 2. Coroorate Seal. The corporate seal shall be in such form as approved by the Board ofDirectors and may be altered by the Board of Directors at its pleasure. The corporate seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise utilized. Section 3. Notices. Except as otherwise expressly provided, any notice required by these Bylaws to be given shall be sufficient if given by depositing the same in a post office or letter box in a sealed postpaid wrapper addressed to the person entitled thereto at his address, as the same appears upon the books of the Corporation, or by sending such notice via facsimile, telegraphing, cabling or other means of electronic transmission in accordance with Section 232 of the DGCL, the same to such person at such addresses; and such notice shall be deemed to be given at the time it is mailed, sent via facsimile, telegraphed, cabled or electronically transmitted. -9-


 
Section 4. Waiver ofNotice. Any stockholder or director may at any time, by writing or by facsimile, telegraph, cable or other means of electronic transmission, waive any notice required to be given under these Bylaws, and if any stockholder or director shall be present at any meeting his presence shall constitute a waiver of such notice. Any waiver signed, or given by facsimile, telegraph, cable or other means of electronic transmission, by stockholders or directors constituting a quorum for the business to be transacted shall be binding on all stockholders or directors, as applicable. Section 5. Use of Electronic Transmission. The Corporation is authorized to use "electronic transmissions" as defined in the DGCL to the fullest extent allowed by the DGCL, including, but not limited to, for purposes of notices, proxies, waivers and resignations. Section 6. Checks, Drafts, etc. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name ofthe Corporation, shall be signed by such officer or officers, agent or agents of the Corporation, and in such manner, as shall from time to time be designated by resolution of the Board of Directors. Section 7. Deposits. All funds ofthe Corporation shall be deposited from time to time to the credit ofthe Corporation in such bank or banks, trust companies or other depositories as the Board of Directors may select, and, for the purpose of such deposit, checks, drafts, warrants and other orders for the payment of money that are payable to the order of the Corporation, may be endorsed for deposit, assigned and delivered by any officer of the Corporation, or by such agents of the Corporation as the Board of Directors, the President or any Vice President may authorize for that purpose. Section 8. Voting Stock of Other Corporations. Except as otherwise ordered by the Board of Directors or the Executive Committee, the President or any Vice President or the Treasurer shall have full power and authority on behalf of the Corporation to attend and to act and to vote at any meeting ofthe stockholders of any corporation ofwhich the Corporation is a stockholder and to execute a proxy to any other person to represent the Corporation at any such meeting, and at any such meeting the President or any Vice President or the Treasurer or the holder of any such proxy, as the case may be, shall possess and may exercise any and all rights and powers incident to ownership of such stock and which, as owner thereof, the Corporation might have possessed and exercised if present. The Board of Directors or the Executive Committee may from time to time confer like powers upon any other person or persons. Section 9. Indemnification of Officers and Directors. Without limiting the rights of any and all directors or officers of the Corporation (including former directors or officers, and any employee, who shall serve as an officer or director of any corporation at the request of this Corporation) pursuant to any contractual arrangement with the Corporation or otherwise, the Corporation shall indemnify any and all of its directors or officers, including former directors or officers, and any employee, who shall serve as an officer or director of any corporation at the request ofthis Corporation, in accordance with the provisions ofthe Certificate of Incorporation. -10-


 
ARTICLE IX. AMENDMENTS. The Board of Directors shall have the power to make, rescind, alter, amend and repeal these Bylaws; provided, however, that the stockholders shall have power to rescind, alter, amend or repeal any bylaws made by the Board of Directors, and to enact bylaws which if so expressed shall not be rescinded, altered, amended or repealed by the Board of Directors. No change of the time or place for the annual meeting of the stockholders for the election of directors shall be made except in accordance with the laws of the State of Delaware. * * * * * -11-


 
Exhibit 3.7 ------..,....--~----......,.,...--··. .. . . . ..: ~ ......... .. ARTICLES OF ORGANIZATION OF SYMETRICS INDUSTRIES, LLC The undersigned, being authorized to execute and file these Articles, hereby certifies that: ARTICLE I - Name The name of the limited liability company is: Symetrics Industries, LLC ARTICLE II - Address The mailing address and the street address of the principal office of the limited liability company is: 1615 West NASA Boulevard, Melbourne, FL 32901. ARTICLE Ill - Registered Agent and. Office The name and street address of the initial registered agent of this limited liability company is D. Mitchell Gamer, 1615 West NASA Boulevard, Melbourne, FL 32901. ARTICLE IV - Management The limited liability company shall be managed by one or ore managers and is, therefore, a manager-managed Company. · IN WITNESS WHEREOF, I have signed these Articles of Organizatip.(l alld acknowledge them to be my act this l'H~~ay of December, 2001. F=~ . 1:pg ::>~ ~::0 INITIAL MEMBER: m-< !Tip -o ETRICS HOLDINGS '¢. ::::r


 
' ·:;. CERTIFICATE OF DESIGNATION OF REGISTERED AGENT Pursuant to Section 608.415, Florida Statutes,.the following is submitted: That Symetrics Industries, LLC, desiring to organize under the laws of the State of Florida with its initial principal office, as indicated in the Articles of Organization, at 1615 West NASA Boulevard, Melbourne, Florida 32901, County of Brevard, State of Florida, has named D. Mitchell Garner, 1615 West NASA Boulevard, Melbourne, Florida 32901, County of Brevard, State of Florida, as its registered agent to ~ccept servic_e of process within this state. ACKNOWLEDGMENT I Having been named as registered agent and to accept service of process for the limited liability ,company named above, at the place designated in this certificate, I hereby accept the appointment as registered agent and agree to act in that capacity. I further agree to comply with the provisions of all statutes relating to the proper and complete performance of my duties. I am familiar with, and accept, the obligations of my position as registered agent as provided for in Chapter 608, Florida Statutes. Dated: 1\t.~.....,_ \~, 2001 .. ~~D. 1tchell Gamer 9{)~ Registered Agent 0 0 iT1 ('"') N N:\\Symetrics\Symetrics Industries Articles ot Organlzation.~oc 2


 
·-·--- -·· ----·------ ARTICLES OF AMENDMENT TO ARTICLES OF ORGANIZATION OF LL c_ IY'd Qs+n'es ) The Articles of Organization for this Limited Liability Company were filed on 1:2./.::l.l ,l~oO I and assigned Florida document number L 0 I 0 000~ d-. ?~ I This amendment is submitted to amend the following: A. If amending name, enter the new name of the limited liabilitY company here: 6x +ant- Ae~o s po....c.e J LL- C- The new name must be distinguishable and contain the words ''Limited Liability Company," the designation "LLC" or the abbreviation "L.L.C." Enter new principal offices address, if applicable: ~ ...... (Principal office address MUST BE A STREET ADDRESS) ; : - c_ :· .. . ., -_ ... : I'.J :,."·: .::- - . ' :71 Enter new mailing address, if applicable: r: I -- :l: ~. -- (Mailing address MAY BE A POST OFFICE BOX) -. .... , -- ., 7; : . : ~ ~-- ' B. If amending the registered agent and/or registered office address on our records, enter the name of the new registered agent and/or the new registered office address here: Name of New Registered Agent: New Registered Office Address: Enter Florida street address --------------'Florida---,------- City Zip Code New Registered Agent's Signature, if changing Registered Agent: I hereby accept the appointment as registered agent and agree to act in this capacity. I further agree to comply with the provisions ofall statutes relative to the proper and complete pe1formance of my duties, and I am familiar with and accept the obligations ofmy position as registered agent as provided for in Chapter 605, F.S. Or, if this document is being filed to merely reflect a change in the registered office address, I hereby confirm that the limited liability company has been notified in writing ofthis change. JrChanging Rcgisle~d Agent, Signature of New Registered Agent Page 1 of3


 
Ir'a,mending Authorized Person(s) authorized to manage, enter the title, name, and address of each person being added or removed from our records: MGR = Manager AMBR = Authorized Member Address Tvne of Action DAdd 0 Remove 0 Change DAdd 0 Remove 0 Change DAdd (" 0 Remove 0 Change 0 Add ; .- 0 R&iiiove ,--· (_. :~ ·. c ··- .. . r- . ., .:~ Clwme ----------------------------------~~.-,..o.. ~ 1- ....... -o .. ~ --------------------------~~~··DAd~- :.... ~ c.a -~:-~ ·~.:'! :__. c..n ------------------------------~CQ:Re~e --------------------------------'0 Change ----------------------0 Add ----------------------------------ORemove ------------------'0 Change Page 2 of3


 
• D.' lf amending any other information, enter change(s) here: (Attach additional sheets, ifnecessary.) E. Effective date, if other than the date of filing: 7/I ~ / ~ 0 I S (optional) (lfan effective date is listed, the date must be specific and cannot be prior to date of filing or more than 90 days after filing.) Pursuant to 605.0207 (3)(b) ~ If the date inserted in this block does not meet the applicable statutory filing requirements, this date will not be listed as the document's effective date on the Deparnnent of State's records. If the record specifies a delayed effective date, but not an effective time, at 12:01 a.m. on the earlier of: (b) The 90th day after the record Is filed. ~ V1 : - ·-· ... c_ ... : c:: : .- -;; ~ \.1;- : N t, G-e..r w ,·e..\'1 J Tv-, ..r. .•... &.- ,-· "\) r• Typed or prmtcd name of signee :I; r:i - .•- .- ... ~ :u~ 1'=""-· c.n c :--:·1 Page 3 of3 :::, ... w Filing Fee: $25.00


 
ARTICLES OF AMENDMENT TO ARTICLES OF ORGANIZATION rJL..£"' OF lDtsAa D s rc ... 5 ,,., Extant Acrospncc, LLC '4tfc;rer;. . 2: , s OFs . 5 tf. /:-( r,1l[ OR;o,, The Articles of Organization for this Limited Liability Company were filed on _1_2_12_1_12_0_0_1_______ and assigned Florida document number ---------------------LO I000022321 This amendment is submitted to amend the following: A. If amending name, enter the new name of the limited liability company here: Symctrics.lndustries, LLC The new nmne Ill !lSI he distinguish:1hlc and contain the words .. Limited l.iahility Cnmpany ... the designation .. LLC' or the ahhrcl"inlinn .. I..L.C."' Enter new principal offices address, if applicable: (Prittc:lpal offlc:e adtlres.\· MUST BEA STREET ADDRESS) Enter new mailing address, if applicable: (Mailint: mltlre.\·s MAY BE A POST OFFICE BOX) B. If amending the registered agent ant.l/or registered office address on our records, enter the name of the new registered agent and/or the new registered office address here: Name of New Registered Agent: New Registered Ofticc Address: Emer Florida suvct address ---------------· Florida---:-:---::---:-~--- Ci~t· Zip Cotlr• New Registered Agent's Signature, if changing Registered Agent: I herehy accept the apJWintment as registered agent and agree 10 act in this capacity. I furrher agree 10 comply with the pnwi.1·ion1· of all statutes relatil'e to the proper and complele pe1jormance (if my duties, and I am familiar with and accept the obligations tif my fJ<!sition a.~ registered agent as prol'ided for in C//(lpfer 605, F.S. Or, ifthis docume/11 is heingjiled to mereZI' re.fleu a change in /he regi.~tered <?{/ice address. I hereby confirm that the limited liahility company has heennot(/ied in writing ofthis change. lf<.:han~:ing Registered AJ.:I.'nt, Signaturl.' uf J'l:ew l{egistcred ,\gent Page 1 of3


 
lf amemling Authorized·Person(s) authorized to manage, enter the title, name, and address of each person being added or 1•emoved from our records: MGR = Manager FILED AMBR = Authorized Member . · 201~ A'Jr- . "" '"'6 p Address SfCR[·· '/1 2: '5fypeofAction fALi.AH~A.rn- OF S SSff FL TATe • ORtO,r 0 Add ----------------0 Remove -----------------'0 Change -------------------0 Add ----------------0 Remove ----------------0 Change -------------------------OAdd. ----------------0 Remove ----------------0 Change -----------------0 Add ----------------0 Remove _______;_ __________0 Change ----------------0 Add ----------------0 Remove ----------------0 Change ________________o Add -----------------0 Remove ----------------0 Change Page 2 of3


 
p.· If amending any other information, enter changc(s) here: (AIIach additional sheets, ijnecess01y.} , ~~ \ "?. "?'_~ Cf" ~ %~~ -, . ~ ~~ ~ --------------------------------------------------------------~0~· -::' E. Effective date, if other than the date of filing: 7 -Ib-IS (optional) (I fan cfTcctivc elate is listed, the date must be specific and crumot be prior to date of filing or more than 90 dnys nfler filing.) Pursuant to 605.0207 (J)(b) Note: If the date inserted in this block does not meet the applicable statutory filing requirements, this date will not be listed as the document's effective date on the Department of State's records. If the record specifies a delayed effective date, but not an effective time, at 12:01 a.m. on the earlier of: (b) The 90th day after the record Is flied. 10rized representahve of n member Typed or printed name of signee Page 3 of3 Filing Fee: $25.00


 
----·-·---··-·------·--- ,_, / ARTICLES OF AMENDMENT TO ARTICLES OF ORGANIZATION OF Symetrics Industries, LLC TI1e Articles of Organization for this Limited Liability Company were filed on _1_212__112__0_0_1 ______ and assigned 22321 Florida document number ------------LOI0000 TI1is amendment is submitted to amend the following: A. If amending name, enter the new name of the limited liability company here: The new name must he distinguishable and contain the words "Limited Liability Compuny," the designation "LLC" or the abbreviation "L.L.C." · L:::;:: en ~~ i- ;.·; Enter new principal offices address, if applicable: - """' . ......; 07 (Pri11cipal of/ice addre.\·s MUST BE A STREET ADDRESS) .. .. -.. -·· ~. r- 1.1 .. -cl - .. ,, ::::: 0 -=.-·. .. ~ Enter new mailing address, if applicable: .. -· - -··; .. .. C) (Maili11g address MAY BE A POST OFFICE BOX) B. If amending the registered agent and/or registered office address on our records, enter the name of the new registered agent and/or the new registered office address here: Name of New Registered Agent: Kevin Manuel New Registered Office Address: 1615 West Nasa Blvd. Enter Florida street address Melbourne Florida 32901 -----------------------·City ---------ZipCode New Registered Agent's Signature, if changing Registered Agent: I hereby accept the appointment as registered agent and agree to act in this capacity. I further agree to comply with the provisions ofa/1 statutes relative to the proper and complete petformance ofmy duties, and I am familiar with and accept the obligations ofmy position as registered agent as providedfor in Chapter 605, F.S. Or, if this document is beingfiled to merely reflect a change in the registered office address, I hereby confirm that the limited liability company has been notified in writing ofthis change. Page 1 of3


 
- ---··-------------·- -·· - -· --··-· -· Ir amending Authorize~ Pers~n(s) authorized to manage, enter the tide, name. and address of each person being added or remo\'ed from our records: MGR = M~nager . AMBR = Authorized Member Address Type of Action , MGRM Henry G. Abele 1615 West Nasa Blvd. -------------------------------DAdd Melbourne, FL 32901 -----------------iii Remove _________________D Change MGRM William CJR McKegg 544 Lanternback Island Drive ------------------------------o Add Satellite Beach, FL 32937 · ------------------------~Remove ---------------~-·0__ , Change ~-~:~~ a; AMBR Symetrlcs Technology Group, LLC 1615 Nasa Boulevard r- ~-·~ --------------------------7.··~~-~·-~· ~Add.&) ., Melbourne, FL 32901 :_~:_;_GlRe~e ----------------------;r_...... I·' I ' .. ~;a -..,..------------------------~~-"=":,-'~'7-~ O;(=:hange - :._ 4 ;:-' ~~ Ul ,v~ (";:) AR Kevin R. Manuel 1615 Nasa Boulevard ------------------------------iii Add Melbourne, FL 32901 __________________DRemove ------------------0 Change AR !James F. Gerwien 1615 Nasa Boulevard ------------------------------iii Add Melbourne, FL 32901 ----------------------ORemove -------------------0 Change AR !Gary Boekenkamp 1615 Nasa Boulevard -------------------iii Add Melbourne, FL 32901 -----------------·0 Remove -----------------0 Change Pagel of3


 
D. If amending any ot}ler ipfQrmation, enter cbange(s) here: (Aifach additional sheets, if necessary.) Article IV of the Articles of Organization Is hereby deleted a'nd amended in ils entirety as follows: The•Jimlted llabllity company shall be managed by one or more members and is, therefore, a member-managed limited liability company. _, ..... ~:~-~ <:#l i "!.:• ... ·.: i·n ...., 7£-: -; !71 _ ::i ,·; .. I -- ~ ~ I ·] ~- - ·~ ~ '.... ..) .-. -~·· -· ~ ·-·.. :::; ·-· (.Fl J't;. .-r; E. Effective date, if other than the date of filing: (optional) (I fan effective date is listed. the date must he specific and cannot be prior to dale of filing or more than 90 days after filing.) Pursuant to 605.0207(3)(h) Note: If the date inserted in this block does not meet the applicable statutory filing requirements, this date will not be listed as the document's effective date on the Department of State's records. If the record specifies a delayed effective date, but not an effective time, at 12:01 a.m. on the earlier of: (b) The 90th day after the record is filed. February 2 2016 Dated-----~=------- Kevin Manuel. AR Typed or prmted name of signee Page 3 of3 Filing Fee: $25.00


 
Exhibit 3.8


 


 


 


 


 
Exhibit 3.9 • • , OCT~IU-05 D8:4T FROMrAKER~ SENTERFITT 16E. +407 843 7860 T-354 P.UDZ/004 F-DBZ H05000247198 3 ARTICLES OF ORGANIZATION UF SYMETIUCS TECHNOLOGY GROUF, LLC a Florida Limftetl Liability CompaDy The undersigned, for the purpose of organizing a Umited liability company pursumt to th: laws of the State ofFlorida, does hereby adopt the 1bllowing Articles of Organization, and d<•CS hereby ~gree and certify as follows: ARTICLE 1-.Name The name of tbc Umited Liability Company ls: Syrnctrics Technology Group, LLC. ARTICLE II~ Addres5 The mailing address and, if diffen:nt, tbc street address of the principal office of the L mited Liahllity Company is: 1615 W, NASA Boulevard C> Melbourne. FL 32901 ~(_r, c.n 0 ·.J·~ n ARTICLE m -.Existence and Duration --4 'TI· ...0 The Limited LJability Company shall commence iti e;dstence on the date that th8se r-: ~ m .A rticl= of Organi.wion 8l"C .61ed and its duratioP shall be perpetual. .:· · . ·. .:::: 0 .JV) cp ARTICLE IV .. Management ~~ LS~ c.:> > \D The. Limited Liability Company is to be managed by one or more mi!Da.gcl'$ and is tt .erefore a. manager-managed company. I ARTICLE V- Registered A,eeut The name and street address of the initial registered agent oftlJe Limited Liability Company is: · Registered Agept: D. :Mitchell Garner Registered Office: 1615 W. NASA Boulevatd Melbourne, FL 32901 -1· H05000247198 3


 
• OCT-U-oS 08:47 FROM--AKERMAN SEft'JCRF ITT 16E. +407 843 T860 T-3S4 P.003/004 F-OBZ H05000247198 3 IN "WWTNESS WHEREOF, the unde~Signed Member does hereby make and flle these AI ticles of Organlzation declaring and certifying that the facts stated horein are u-ue, and hereby suJscribes thereto and hereunto sets its hand and seal this l8Lh day of October, 2005. ' Symetrics Holdings, Inc., a Florida corporation, Member By:Qw~~Q~--·-·--:=:- Name: D. Mitchell Garner Title: President (In accordance with section 608.408(3), Florida Statures, the execn.&tion Qfthis docum~t constitutes an affirmation under the penalties of perjury that the facts stated herein are true.) 0 -j-;! (.1") <.n -:-h·-m c -;.·~:.F.. C'J ~ ' -n. ·.. : 1.0 p. ..·- .!:ho .~--=-1 ::r 8 (')~::J:;p; '? 6"'-i ,)>M'l w 1.0 ~OR!I397.3A:II -l- HOS000247198 3


 
-----------· • ·OCT_,u-o~ 08 :4T FROM-AKERMAN SErtTERF ITT 16E. +407 843 7860 HOS000247198 3 RJ:GISTERED AGENT ACCEPTANCE Hf ving been named as registered agent and to accept service of process for the above stated lmdtcd liability company at the place desigpated in this cerrificate, I hereby accept the BJY:X>intment as registered agent and agree to act in this capacity. I further agree to comply with . tlu: provisions of all statutes relating to the proper IIDd complete perfol'UlWlce of my duties, and I liD- familiat" with and accept the obligatiOJl$ of my position as registered agent as provided for in Ct·.apter 608, F.S. Dued: October 18, 2005 D. Mitchell Gamer 0 c..n 0 ("") -1 • I -. !OR9J973.4;1 t H0500024719B 3


 
--,...-----·· ·- ·-·· -- ·-------·----· . ' ARTICLES OF AMENDMENT TO ARTICLES OF ORGANIZATION OF Symetrics Technology Group, LLC The Articles of Organization for this Limited Liability Company were filed on _1_01_1_91_2_00_5______ and assigned Florida document number -----------LOSOOOl03138 This amendment is submitted to amend the following: A. If amending name, enter the new name of the limited liability company here: The n~w name must be distinguishable and contain the words "Limited Liability Company,'' the designation "LLC" or the abbreviation "L.L.C." Enter new principal offices address, if applicable: ,, ""' ,- c:::, ;- ~- .. ~,··~ (Principal office address MUST BE A STREET ADDRESS) ... . ~:: .~. r1 . C1J cwru:r1 .,.""::.- -" iri :I. ,.....- .r.- r ,.... ~ . .. ;-·· ~ J J Enter new mailing address, if applicable: •--= ~ "~ " . / c ., I"> ~: ·; .. (Mai/i11g address MAY BE A POST OFFICE BOX) , -Jr.,! I :Po- co B. If amending the registered agent and/or registered office address on our records, enter the name of the new registered agent and/or the new registered office address here: Name of New Registered Agent: Kevin Manuel New Registered Office Address: 1615 West Nasa Blvd. Enter Florida street address _M_e_Ib_o_u_rn_e_____________________ ,Fiorida_3_2_90_l __________ __ City Zip Code New Registered Agent's Signature, if changing Registered Agent; I hereby accept the appointment as registered agent and agree to act in this capacity. I further agree to comply with the provisions ofall statutes relative to the proper and complete pe1jormance of my duties, and I am familiar with and accept the obligations of my position as registered agent as providedfor ill Chapter 605, F.S Or, if this document is being filed to merely reflect a change in the registered o.ffice address. I hereby confirm that the limited !i(Jbility company has been notified in writing ofthis change. Registered Agent, Signature of New Registered Agent Page 1 of3


 
If amending Author:iled ,Pers~n(s) authorized to, manage, enter the title. name. and address of each person being added or remov'ed from our records: MGR = Manager AMBR= Authorized M-=mber Address Type of Action MGRM Henry G. Abele _______________1615 West Nasa Blvd. o Add Melbourne, FL 32901 -----------------ii Remove -----------------0 Change AMBR Extant Components Group Interme• 1615 Nasa Boulevard ---------------iii Add Melbourne, FL 32901 -----------------0 Remove -----------------0 Change / AR Kevin R. Manuel 1615 Nasa Boulevard -------------------------~Add Melbourne, FL 32901 ________; ____________o Remove -----------------0 Change 1615 Nasa Boulevard AR James F. Gerwien ____; ____________iii Add Melbourne, FL 32901 -----------------0 Remove -----------------0 Change _, :t>-;,­ li·•· --------------..:.'~c-· _o~Add-.­ ::".:::. ri ~ . :>::-.: t:O _, -------'----------~~~;·;~;;...· _GRenf~~;;· :::::: .. --------------~~~~~:·-· -.~Q Change :.:-:~~ f'\.) CD ----------------------OAdd -----------------0 Remove -----------------0 Change Page2 of3


 
D. If amending any other. information,. . enter chat~ge(s) here: (AIIach additional sheets, ifnecessary.) ' . Article IV of the Articles of Organization Is hereby deleted and amended in Its entirety as follows: The limit~d lia?il~ty company shall be managed by one or more members and Is, therefore, a member-managed limited liability company. E. Effective date, if other tban the date of filing: (optional) (I fan effective date is listed, the date musl be specific and cannot be prior to date of filing or more than 90 days aOcr filing.) Pursuant to 605.0207 (3)(b) Note; If the date inserted in this block does not meet the applicable statutory tiling requirements, this date will not be listed as the document's effective date on the Department of State's records. If the record specifies a delayed effective date, but not an effective time, at 12:01 a.m. on the earlier of: (b) The 90th day after the record is filed. February 2 20i6 Date d -I "'-=' )',. ~r. '= !:: f"t• ,.. c·• ... w:-;, ... -·· .. -r, r ... I •1 • : ' c:o ···' ""'' ' U) ~:· I ,.... .. U>~-: Kevin Manuel, AR :i'~ - .. ..... d [") •:. ....., rr-~-·- Typed or printed name of signee :!; :- r--.-: . (:") ~ . N ::: ~· '"'-"•,,.,.. .... -. N p.· co Page 3 of 3 Filing Fee: $25.00


 
Exhibit 3.10


 


 


 


 


 
(MON) 2. 23' 04 18:21 / ST.18 :20/NO. 4862 069956 P 2 FROM CORPORATION TRUST 302- 655 -248 0 st~te o£ Del~w~re Exhibit 3.11 Secret~~ o£ st~t~ Division o£ Corpor~t~ons Delivered 06:15 PM 02/23/2004 FILED 05:37 PM 02/23/2004 SRV 040127963 - 3768216 FILE CERTIFICATE OF INCORPORATION OF TEAC AEROSPACE HOLDINGSt INC. FIRST: The name of the Corporation is TEAC Aerospace Holdings, Inc. SECOND: The registered office of the Corporation in the State of Delaware is 1209 Orange Street, City of Wfunjngton, County of New Castle, Delaware 19801. The name of the Corporation's registered agent is The Corporation Trust Company. THIRD: The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware, as the same exists or may hereafter be amended (the "GCL "). FOURTH: The total number Otf shares of stock which the Corporation shall have authority to issue is ten thousand (10,000) shares designated as common stock and the par value of each such share of common stock is one cent ($0.01) per share. FIFI1I! The name and mailing address of the incorporator are Michael L. Kaplan, 2375 E. Camelback Road, Suite 700, Phoenix, Arizona 85016. SIXTH: The number of directors which shall comprise the initial Board of Directors of the Corporation shall be two (2). The size of the Board of Directors may be increased or decreased in the manner provided in the Bylaws of the Corporation. All corporate powers of the Corporation shall be exercised by or under the direction of the Board of Directors except as otherwise provided herein or by Jaw. SEVENTH: Unless and except to the extent that the Bylaws of the Corporation shall so reqlrire. the election of directors ofthe Corporation need not be by written ballot. EIGHTH: A director of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent such exemption from liability or limitation thereof is not pennitted under the GCL. Any repeal or modification of this Article shall not adversely affect any right or protection of a director of the Corporation existing hereunder with respect to any act or omission occurring prior to such repeal or modification. NINTH: Subject to the power of the stockholders of the Corporation to adopt. amend, or repeal any Bylaw made by the Board of Directors, the Board of Directors is expressly authorized and empowered to adopt. amend, or repeal the Bylaws of the Corporation. TENTH: The Corporation reserves the right at any time, and from time to time, to amen~ alter, change, or repeal any provision contained in this Certificate of Incorporation, and other provisions authorized by the laws of the State of Delaware at the time in force may be added or inserted, in the manner now or hereafter prescribed by Jaw; and all rights, preferences phx.-srv0111436977v01\S3291 .010300


 
(MON) 2. 23' 04 18: 22/ ST. 18 : 20/NO. 4862069956 P 3 FROM CORPORATION TRUST 302- 655 -2480 and privileges of whatsoever nature conferred upon stockholders. directors or any other persons whom.qoever by and pursuant to this Certificate of Incorporation in its present fotm or as hereafter amended are granted subject to the rights .reserved in this Article. IN WITNESS WHEREOF, I. the undersigned, being the Incorporator hereinabove stated, set my hand this 23rd day ofFebruary. 2004. ~6? phx-SIYO I\I436977v(ll\5.3291.0 I (000 2


 
FROM CT WILMINGTON - TEAM 6 (MON) 5 . 10' 0 4 1 3 : 43/ ST. 1 3: 38/NO. 4863777141 P 2 CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF TEAC AEROSPACE HOLDINGS, INC. TEAC Aerospace Holdings, Inc., a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the "Corporation•), does hereby certify: FIRST: That the Board of Directors of the Corporation, by unanimous consent of its members. adopted a resolution proposing and declaring advisable a proposed amendment to the Certificate of Incorporation of the Corporation, amending Article FOURTH in its entirety to read as follows: "FOURTH: The total number of shares of stock which the Corporation shall have authority to issue is one million (1,000,000) shares designated as common stock and the par value of each such share of common stock is one cent ($0.01) per share." SECOND: That in lieu of a meeting and vote of Stockholders of the Corporation, the Stockholders have unanimously consented to said amendment in writing, in accordance with the provisions of Section 228 of the General Corporation Law of the State of Delaware. THIRD: That the aforesaid amendment was duly adopted in accordance with the applicable provisions of Section 242 of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, TEAC Aerospace Holdings, Inc. has caused this Certificate of Amendment to be signed by its Chairman of the Board as of the 1Oth day of May, 2004. TEAC AEROSPACE HOLDINGS, INC. By: Is/ Douglas P. McCormick Douglas P. McCormick, Chairman of the Board State of Delaware Secretary of State Division of Corporations Delivered 01:44 PM 05/ 10/2004 FILED 01 :36 PM 05/10/ 2004 SRV 040338465 - 3768216 FILE phx-srvOI \1444337v01


 
State of Delaware Secretary of State Division of Corporations Delivered 01:06PM 04/23/2008 FILED 11:59 AM 04/23/2008 SRV 080461929 - 3768216 FILE CERTIFICATE OF CHANGE OF LOCATION OF REGISTERED OFFICE AND OF REGISTERED AGENT OF TEAC AEROSPACE HOLDINGS, INC. It is hereby certified that: 1. The name of the corporation (hereinafter called the "corporation") is: TEAC AEROSPACE HOLDINGS, INC. 2. The registered office of the corporation within the State of Delaware is hereby changed to 2711 Centerville Road, Suite 400, City of Wilmington 19808, County of New Castle. 3. The registered agent of the l:orpuration within lhe State of Delaware is hereby changed to Corporation Service Company, the business office of which is identical with the registered office of the corporation as hereby changed. 4. The corporation has authorized the changes hereinbefore set forth by resolution of its Board of Directors. Signed on April23, 2008 Is! Vincent M. Lichtenberger Name: Vincent M. Lichtenberger Title: Secretary


 
State of .Delaware Secretazy of State Division o£ Corporations .Delivered 03:52 PM 10/22/2010 FILED 03:31 PM 10/22/2010 SRV 101021066 - 3768216 FILE SECOND AMENDMENT TO CERTIFICATE OF INCORPORATION OF TEAC AEROSPACE HOLDINGS, INC. TEAC Aerospace Holdings, Inc., a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the "Corporation"), does hereby certify: FIRST: That the Board of Directors of the Corporation, by unanimous consent of its members, adopted a resolution proposing and declaring advisable a proposed amendment to the Certificate of Incorporation of the Corporation, amending Article FOURTH in its entirety to read as follows: "FOURTH: The total number of shares of stock which the Corporation shall have authority to issue is one thousand (1,000) shares designated as common stock and the par value of each such share of common stock is one cent ($0.0 1) per share." SECOND: That in lieu of a meeting and vote of shareholders of the Corporation, the Stockholders have unanimously consented to said amendment in writing, in accordance with the provisions of Section 228 of the General Corporation Law ofthe State ofDelaware. THIRD: That the aforesaid amendment was duly adopted in accordance with the applicable provisions of Section 242 of the General corporation Law of the State ofDelaware . IN WITNESS WHEREOF, TEAC Aerospace jjoldings, Inc. has caused this Amendment to be signed by its Directors as ofthe /\' day of October, 2010. TEAC AEROSPACE HOLDINGS, INC.


 
State of Delaware Secretary of State Divi5ion ot"Corporation5 Delivered 12:48 PM 08/06/2012 FILED 11:40 AM 08/06/2012 STATE OF DELAWARE SRV 120907432- 3768216 FILE CERTIFICATE OF CHANGE OF REGISTERED AGENT AND/OR REGISTERED OFFICE The corporation organized and existing under the General Corporation Law of the State of Delaware, hereby certifies as follows: 1. The name of the corporation is: TEAC Aerospace Holdings, Inc. 2. The Registered Office of the corporation in the State of Delaware is changed to: Corporation Trust Center, 1209 Orange Street, in the City of Wilmington, County of New Castle, I 9801. The name of the Registered Agent at such address upon whom process against this Corporation may be served is The Corporation Trust Company. 3. The foregoing change to the registered office/agent was adopted by a resolution of the Board of Directors of the corporation. . :t By: lsi Salvina Amenta~Gray Assistant Secretary Name:_ Salvina Amenta-Gray


 
Exhibit 3.12 BYLAWS OF TEAC AEROSPACE HOLDINGS, INC. Adopted as of February 23, 2004


 
TABLE OF CONTENTS (continued) Page ARTICLE I Stockholders 1.1 Place of Meetings .. .............. .. ...... .... ........ ...... .. ..................... ... ......... ...... ........ ... ... .... ....... .. .. ... ..... .. ... 1 1.2 Annual Meetings ........ .. ..... .. ..... .. ... ...... ........... .............. ........ ... .. ...... .............. .. .................................. 1 1.3 Special Meetings ................ ..... .... ............ ..... ....................... .............. ........... .. ..................... ......... .... 1 1.4 Notice of Meetings .... ... .... ... ........ .......... .. .... ...... .... .......... .. .... .. ........... .. .................. .. .. .. ..................... 1 1.5 Adjournments ..................... ...................... .. ....... .... ...................................... ............................. .. .... ... 1 1.6 Quorum ........ .. ... .... .. .................................... .. .................................................. .................................. 1 1. 7 Organization ... .. ............................................ .... ...................................... ... .. .. ................................... 2 1.8 Voting; Proxies ... ..................................... ....... ... ..................................... .. .. .. ... .................................. 2 1.9 Fixing Date for Determination of Stockholders of Record ........................ ................................. .... ... 2 1.10 List of Stockholders Entitled to Vote ............... ..... .......................... .... ............... ..... .................... .... .. .2 1.11 Action by Consent of Stockholders ........ .... .... ..... ... ... .. ... ............... ........................................... ... .. .. .. 3 ARTICLE II Board of Directors 2.1 Number; Qualifications ...................................................................................... ...... .................... .. ... 3 2.2 Election; Resignation; Vacancies ............. ........................................................................................ 3 2.3 Regular Meetings .. ....... ..................................................................................................................... 3 2.4 Special Meetings .... ... ............................................................................. .......................................... 3 2.5 Telephonic Meetings Permitted ...... ............. ........ ... .. .. ............................ .......................................... 3 2.6 Quorum; Vote Required for Action .... ..... ............ ............... .......................... .............. ..................... .. 3 2.7 Organization ................ ....... ..... ... .... .. .. .................... .... ... .......... ... .. .. .............. .. ............ ..... ... ... ... .. .. .... 4 2.8 Informal Action by Directors .................. ............... .... .... .. .................................................................. 4 ARTICLE Ill Committees 3.1 Committees ... ................................................ .... .. .. .................................... ..... ... ................................4 3.2 Committee Rules ... ............................................. ......................................... .....................................4 ARTICLE IV Officers 4.1 Executive Officers; Election; Qualifications; Term of Office; Resignation; Removal; Vacancies .......... .. ........................... .. ... ......................... .... ......... .... .. ............. ...... .......... ........ ... ......... 4 4.2 Powers and Duties of Executive Officers ............. .... .. .. ................................. ..... ........................ .... . .4 ARTICLEV Stock 5.1 Certificates ... ... ....... ..... .............................. ....... ........ ............................. .. .... ........... ........................... 5 5.2 Lost, Stolen or Destroyed Stock Certificates; Issuance of New Certificates .... ...... ..................... ... .. 5 ARTICLE VI Indemnification ( 6.1 Right to Indemnification ...................... ...... .... .... .... ........................................ .. .... .... ...................... .... 5 phx-srvO 1\1437873v01 1


 
TABLE OF CONTENTS (continued) ( Page 6.2 Prepayment of Expenses ................................................................................................................. 5 6.3 Claims ...............................................................................................................................................5 6.4 Nonexclusivity of Rights ................................................................................................................... 5 6.5 Other Indemnification .......................................................................................................................6 6.6 Amendment or Repeal ......................................................................................................................6 ARTICLE VII Miscellaneous 7.1 Fiscal Year ........................................................................................................................................6 7.2 Seal ...................................................................................................................................................6 7.3 Waiver of Notice of Meetings of Stockholders, Directors, and Committees ..................................... 6 7.4 Interested Directors; Quorum ...........................................................................................................6 7.5 Form of Records ...............................................................................................................................6 7.6 Amendment of Bylaws ......................................................................................................................? ' phx-srvO l\1437873v0 1 11


 
BYLAWS OF TEAC AEROSPACE HOLDINGS, INC. ARTICLE I Stockholders 1.1 Place of Meetings. Meetings of stockholders shall be held at the place, either within or without the State of Delaware, as may be designated by resolution of the Board of Directors from time to time. 1.2 Annual Meetings. Annual meetings of stockholders shall, unless otherwise provided by the Board of Directors, be held on the first Tuesday in February of each calendar year, commencing in 2005, if not a legal holiday, and if a legal holiday, then on the next full business day following, at 10:00 a.m., at which time they shall elect a board of directors and transact any other business as may properly be brought before the meeting. 1.3 Special Meetings. Special meetings of stockholders for any purpose or purposes may be called at any time by the Board of Directors, or by a committee of the Board of Directors which has been duly designated by the Board of Directors and whose powers and authority, as expressly provided in a resolution of the Board of Directors, include the power to call such meetings, but such special meetings may not be called by any other person or persons. 1.4 Notice of Meetings. Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given which shall state the place, date, and hour of the meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Unless otherwise provided by law, the Certificate of Incorporation, or these Bylaws, the written notice of any meeting shall be given no less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder entitled to vote at such meeting. If mailed, such notice shall be deemed to be given when deposited in the mail, postage prepaid, directed to the stockholder at his or her address as it appears on the records of the corporation. 1.5 Adjournments. Any meeting of stockholders, annual or special, may adjourn from time to time to reconvene at the same or some other place, and notice need not be given of any such adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. At the adjourned meeting the corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. 1.6 Quorum. Except as otherwise provided by law, the Certificate of Incorporation, or these Bylaws, at each meeting of stockholders the presence in person or by proxy of the holders of shares of stock having a majority of the votes which could be cast by the holders of all outstanding shares of stock entitled to vote at the meeting shall be necessary and sufficient to constitute a quorum. In the absence of a quorum, the stockholders so present may, by majority vote, adjourn the meeting from time to time in the manner provided in Section 1.5 of these Bylaws until a quorum shall attend. Shares of its own stock belonging to the corporation or to another corporation, if a majority of the shares entitled to vote in the election of directors of such other corporation is held, directly or indirectly, by the corporation, shall neither be entitled to vote nor be counted for quorum purposes; provided, however, that the foregoing shall not limit the right of the corporation to vote stock, including but not limited to its own stock, held by it in a fiduciary capacity. ( phx-srvO l\1437873v01


 
1. 7 Organization. Meetings of stockholders shall be presided over by the Chairman of the Board, if any, or in his or her absence by the Vice Chairman of the Board, if any, or in his or her absence ( by the President, or in his or her absence by a Vice President, or in the absence of the foregoing persons by a chairman designated by the Board of Directors, or in the absence of such designation by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his or her absence the chairman of the meeting may appoint any person to act as secretary of the meeting. 1.8 Voting: Proxies. Except as otherwise provided by the Certificate of Incorporation, each stockholder entitled to vote at any meeting of stockholders shall be entitled to one vote for each share of stock held by such stockholder which has voting power upon the matter in question. Each stockholder entitled to vote at a meeting of stockholders may authorize another person or persons to act for such stockholder by proxy, but no such proxy shall be voted or acted upon after three (3) years from its date, unless the proxy provides for a longer period. A duly executed proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by filing an instrument in writing revoking the proxy or another duly executed proxy bearing a later date with the Secretary of the corporation. Voting at meetings of stockholders need not be by written ballot and need not be conducted by inspectors of election unless so determined by the holders of shares of stock having a majority of the votes which could be cast by the holders of all outstanding shares of stock entitled to vote thereon which are present in person or by proxy at such meeting. At all meetings of stockholders for the election of directors a plurality of the votes cast shall be sufficient to elect. All other elections and questions shall, unless otherwise provided by law, the Certificate of Incorporation, or these Bylaws, be decided by the vote of the holders of shares of stock having a majority of the votes which could be cast by the holders of all shares of stock entitled to vote thereon which are present in person or represented by proxy at the meeting. 1.9 Fixing Date for Determination of Stockholders of Record. In order that the corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or to express consent to corporate action in writing without a meeting, or entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion, or exchange of stock or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors and which record date: (1) in the case of determination of stockholders entitled to vote at any meeting of stockholders or adjournment thereof, shall, unless otherwise required by law, not be more than sixty (60) nor less than ten (10) days before the date of such meeting; (2) in the case of determination of stockholders entitled to express consent to corporate action in writing without a meeting, shall not be more than ten (1 0) days from the date upon which the resolution fixing the record date is adopted by the Board of Directors; and (3) in the case of any other action, shall not be more than sixty (60) days prior to such other action. If no record date is fixed: (1) the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; (2) the record date for determining stockholders entitled to express consent to corporate action in writing without a meeting when no prior action of the Board of Directors is required by law, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the corporation in accordance with applicable law, or, if prior action by the Board of Directors is required by law, shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action; and (3) the record date for determining stockholders for any other purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting. 1.1 0 List of Stockholders Entitled to Vote. The Secretary shall prepare and make, at least ten (1 0) days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of phx-srvO l\1437873v01 2


 
shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten (1 0) days prior to the meeting, either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof and may be inspected by any stockholder who is present. Upon the willful neglect or refusal of the directors to produce such a list at any meeting for the election of directors, they shall be ineligible for election to any office at such meeting. The stock ledger shall be the only evidence as to who are the stockholders entitled to examine the stock ledger, the list of stockholders or the books of the corporation, or to vote in person or by proxy at any meeting of stockholders. 1.11 Action bv Consent of Stockholders. Unless otherwise restricted by the Certificate of Incorporation, any action required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice, and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing. ARTICLE II Board of Directors 2.1 Number: Qualifications. The Board of Directors shall consist of one or more members, the number thereof to be determined from time to time by resolution of the Board of Directors. The number of directors which shall comprise the initial Board of Directors shall be that number set forth in the Certificate of Incorporation. Directors need not be stockholders. 2.2 Election: Resignation: Vacancies. The Board of Directors shall be elected at each annual meeting of stockholders and each director shall hold office for a term of one (1) year or until his or her successor is elected and qualified. Any director may resign at any time upon written notice to the corporation. Any newly created directorship or any vacancy occurring in the Board of Directors for any cause may be filled by a majority of the remaining members of the Board of Directors, although such major.ity is less than a quorum, or by a plurality of the votes cast at a meeting of stockholders, and each director so elected shall hold office until the expiration of the term of office of the director whom he has replaced or until his or her successor is elected and qualified. 2.3 Regular Meetings. Regular meetings of the Board of Directors may be held at such places within or without the State of Delaware and at such times as the Board of Directors may from time to time determine, and if so determined, notices thereof need not be given. 2.4 Special Meetings. Special meetings of the Board of Directors may be held at any time or place within or without the State of Delaware whenever called by the President, any Vice President, the Secretary, or by any member of the Board of Directors. Notice of a special meeting of the Board of Directors shall be given by the person or persons calling the meeting at least twenty-four (24) hours before the special meeting. 2.5 Telephonic Meetings Permitted. Members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a meeting thereof by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant to this Section 2.5 shall constitute presence in person at such meeting. 2.6 Quorum: Vote Required for Action. At all meetings of the Board of Directors a majority of ( the whole Board of Directors shall constitute a quorum for the transaction of business. Except in cases in phx-srv01\1437873v01 3


 
which the Certificate of Incorporation or these Bylaws otherwise provide, the vote of a majority of the ( directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. 2. 7 Organization. Meetings of the Board of Directors shall be presided over by the Chairman of the Board, if any, or in his or her absence by the Vice Chairman of the Board, if any, or in his or her absence by the President, or in their absence by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his or her absence the chairman of the meeting may appoint any person to act as secretary of the meeting. 2.8 Informal Action by Directors. Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members of the Board of Directors or such committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board of Directors or such committee. ARTICLE Ill Committees 3.1 Committees. The Board of Directors may, by resolution passed by a majority of the whole Board of Directors, designate one or more committees, each committee to consist of one or more of the directors of the corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of the committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in place of any such absent or disqualified member. Any such committee, to the extent permitted by law and to the extent provided in the resolution of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all pages which may require it. 3.2 Committee Rules. Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter, and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article 2 of these Bylaws. ARTICLE IV Officers 4.1 Executive Officers: Election: Qualifications: Term of Office: Resignation: Removal: Vacancies. The Board of Directors shall elect a President and Secretary, and it may, if it so determines, choose a Chairman of the Board and a Vice Chairman of the Board from among its members. The Board of Directors may also elect one or more Vice Presidents, one or more Assistant Secretaries, a Treasurer, one or more Assistant Treasurers, and such other officers as the Board of Directors deems necessary. Each such officer shall hold office until the first meeting of the Board of Directors after the annual meeting of stockholders next succeeding his or her election, and until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to the corporation. The Board of Directors may remove any officer with or without cause at any time, but such removal shall be without prejudice to the contractual rights of such officer, if any, with the corporation. Any number of offices may be held by the same person. Any vacancy occurring in any office of the corporation by death, resignation, removal or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any regular or special meeting. 4.2 Powers and Duties of Executive Officers. The officers of the corporation shall have such powers and duties in the management of the corporation as may be prescribed by the Board of Directors and, to the extent not so provided, as generally pertain to their respective officers, subject to the control of phx-srvO l\1437873v01 4


 
the Board of Directors. The Board of Directors may require any officer, agent, or employee to give ( security for the faithful performance of his or her duties. ARTICLEV Stock 5.1 Certificates. Every holder of stock shall be entitled to have a certificate signed by or in the name of the corporation by the Chairman or Vice Chairman of the Board of Directors, if any, or the President or a Vice President, and by the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary, of the corporation, certifying the number of shares owned by him or her in the corporation. Any of or all the signatures on the certificate may be a facsimile. In case any officer, transfer agent, or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent, or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if he were such officer, transfer agent, or registrar at the date of issue. 5.2 Lost. Stolen or Destroyed Stock Certificates: Issuance of New Certificates. The corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it, alleged to have been lost, stolen or destroyed, and the corporation may require the owner of the lost, stolen, or destroyed certificate, or his or her legal representative, to give the corporation a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged loss, theft, or destruction of any such certificate or the issuance of such new certificate. ARTICLE VI Indemnification 6.1 Right to Indemnification. The corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is made or is threatened to be made a party or is otherwise involved in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative (a "proceeding"), by reason of the fact that he or she or a person for whom he or she is the legal representative, is or was a director or officer of the corporation or is or was serving at the request of the corporation as a director, officer, employee, or agent of another corporation or of a partnership, joint venture, trust, enterprise, or nonprofit entity, including service with respect to employee benefit plans (an "indemnitee"), against all liability and loss suffered and expenses (including attorneys' fees) reasonably incurred by such indemnitee. The corporation shall be required to indemnify an indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if the initiation of such proceeding (or part thereof) by the indemnitee was authorized by the Board of Directors of the corporation. 6.2 Prepayment of Expenses. The corporation shall pay the expenses (including attorneys' fees) incurred by an indemnitee in defending any proceeding in advance of its final disposition, provided, however, that the payment of expenses incurred by a director or officer in advance of the final disposition of the proceeding shall be made only upon receipt of an undertaking by the director or officer to repay all amounts advanced if it should be ultimately determined that the director or officer is not entitled to be indemnified under this Article or otherwise. 6.3 Claims. If a claim for indemnification or payment of expenses under this Article is not paid in full within sixty (60) days after a written claim therefor by the indemnitee has been received by the corporation, the indemnitee may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expenses of prosecuting such claim. In any such action the corporation shall have the burden of proving that the indemnitee was not entitled to the requested indemnification or payment of expenses under applicable law. 6.4 Nonexclusivity of Rights. The rights conferred on any person by this Article 6 shall not be exclusive of any other rights which such person may have or hereafter acquire under any statute, phx-srvO l\1437873v01 5


 
prov1s1on of the Certificate of Incorporation, these Bylaws, agreement, vote of stockholders, or ( disinterested directors or otherwise. 6.5 Other Indemnification. The corporation's obligation, if any, to indemnify any person who was or is serving at its request as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, enterprise, or nonprofit entity shall be reduced by any amount such person may collect as indemnification from such other corporation, partnership, joint venture, trust, enterprise, or nonprofit enterprise. 6.6 Amendment or Repeal. Any repeal or modification of the foregoing provisions of this Article 6 shall not adversely affect any right or protection hereunder of any person in respect of any act or omission occurring prior to the time of such repeal or modification. ARTICLE VII Miscellaneous 7.1 Fiscal Year. The fiscal year of the corporation shall be determined by resolution of the Board of Directors. 7.2 Seal. The corporate seal shall have the name of the corporation inscribed thereon and shall be in such form as may be approved from time to time by the Board of Directors. 7.3 Waiver of Notice of Meetings of Stockholders. Directors. and Committees. Any written waiver of notice, signed by the person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of any regular or special meeting of the stockholders, directors, or members of a committee of directors need be specified in any 0 written waiver of notice. 7.4 Interested Directors: Quorum. No contract or transaction between the corporation and one or more of its directors or officers, or between the corporation and any other corporation, partnership, association, or other organization in which one or more of its directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his, her or their votes are counted for such purpose, if: (1) the material facts as to his or her relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or (2) the material facts as to his or her relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or (3) the contract or transaction is fair as to the corporation as of the time it is authorized, approved, or ratified by the Board of Directors, a committee thereof, or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction. 7.5 Form of Records. Any records maintained by the corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be kept on, or be in the form of, punch cards, magnetic tape, photographs, microphotographs, or any other information storage device, provided that the records so kept can be converted into clearly legible form within a reasonable time. The corporation shall so convert any records so kept upon the request of any person entitled to inspect the same. phx-srv01\1437873v01 6


 
7.6 Amendment of Bylaws. These Bylaws may be altered or repealed, and new Bylaws made by the Board of Directors, but the stockholders may make additional bylaws and may alter and ( repeal any bylaws whether adopted by them or otherwise. ( phx-srvO l\1437873v01 7


 
State of Delaware Secretary of State Division of Corporations Delivered 06:45 PM 01/15/2004 FILED 05:23 PM 01/15/2004 SRV 040032969 - 3751407 FILE CERTIFICATE OF INCORPORATION Exhibit 3.13 OF TEAC AEROSPACE TECHNOLOGIES, INC. FIRST: The name of the Corporation is TEAC Aerospace Technologies, Inc. SECOND: The registered office of the Corporation in the State of Delaware is 1209 Orange Street, City of Wilmington, County of New Castle, Delaware 19801. The name of the Corporation's registered agent is The Corporation Trust Company. THIRD: The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware, as the same exists or may hereafter be amended (the "GCL"). FOURTH: The total number of shares of stock which the Corporation shall have authority to issue is ten thousand (1 0,000) shares designated as common stock and the par value of each such share of common stock is one cent ($0.01) per share. FIFTH: The name and mailing address of the incorporator are Michael L. Kaplan, 2375 E. Camelback Road, Suite 700, Phoenix, Arizona 85016. SIXTH: The number of directors which shall comprise the initial Board of Directors of the Corporation shall be two (2). The size of the Board of Directors may be increased or decreased in the manner provided in the Bylaws of the Corporation. All corporate powers of the Corporation shall be exercised by or under the direction of the Board of Directors except as otherwise provided herein or by law. SEVENTH: Unless and except to the extent that the Bylaws of the Corporation shall so require, the election of directors of the Corporation need not be by written ballot. EIGHTH: A· director of the Corporation shall not be liable to the Corporation or its stockholders for monetary daniages for breach of fiduciary duty as a director, except to the extent such exemption from liability or limitation thereof is not permitted under the GCL. Any repeal or modification of this Article shall not adversely affect any right or protection of a director of the Corporation existing hereunder with respect to any act or omission occurring prior to such repeal or modification. NINTH: Subject to the power of the stockholders of the Corporation to adopt, amend, or repeal any Bylaw made by the Board of Directors, the Board of Directors is expressly authorized and empowered to adopt, amend, or repeal the Bylaws of the Corporation. TENTH: The Corporation reserves the right at any time, and from time to time, to amend, alter, change, or repeal any provision contained in this Certificate of Incorporation, and other provisions authorized by the laws of the State of Delaware at the time in force may be added or inserted, in the manner now or hereafter prescribed by law; and all rights, preferences phx -siV() l \1431695v() I \53291.010300


 
and privileges of whatsoever nature conferred upon stockholders, directors or any other persons whomsoever by and pursuant to this Certificate of Incorporation in its present form or as hereafter amended are granted subject to the rights reserved in this Article. IN WITNESS WHEREOF, I, the undersigned, being the Incorporator hereinabove stated, set my hand this 15th day of January, 2004. Is/ Michael L. Kaplan Michael L. Kaplan, Incorporator phx.-srv01\143169Sv01 \53291.010300 2


 
State of Delaware Secretary of State Division of Corporations Delivered 01:06PM 04/23/2008 FILED 12: 04 PM 04/23/2008 SRV 080461958 - 3751407 FILE CERTIFICATE OF CHANGE OF LOCATION OF REGISTERED OFFICE AND OF REGISTERED AGENT OF TEAC AEROSPACE TECHNOLOGIES, INC. It is hereby certified that: 1. The name of the corporation (hereinafter called the "corporation") is: TEAC AEROSPACE TECHNOLOGIES, INC. 2. The registered office of the corporation within the State of Delaware is hereby changed to 2711 Centerville Road, Suite 400, City of Wilmington 19808, County of New Castle. 3. The registered agent of the corporation within the State of Delaware is hereby changed to Corporation Service Company, the business oflice of which is identical with the registered office of the corporation as hereby changed. 4. The corporation has authorized the changes hereinbefore set forth by resolution of its Board of Directors. Signed on April 23 , 2008 Is/ Vincent M. Lichtenberger Name: Vincent M. Lichtenberger Title: Secretary


 
State of Delaware Secretary of State Division o£Corporations Delivered 12:48 PM 08/ 06/2012 FILED 11 : 42 AM 08/ 06/2012 STATE OF DELAWARE · SRV 120907438 - 3751407 FILE CERTIFICATE OF CHANGE OF REGISTERED AGENT AND/OR REGISTERED OFFICE The corporation organized and existing under the General Corporation Law of the State of Delaware, hereby certifies as follows: 1. The name of the corporation is: TEAC Aerospace Technologies, Inc. 2. The Registered Office of the corporation in the State of Delaware is changed to: Corporation Trust Center, 1209 Orange Street, in the City of Wilmington, County of New Castle, 19801. The name of the Registered Agent at such address upon whom process against this Corporation may be served is The Corporation Trust Company. 3. The foregoing change to the registered office/agent was adopted by a resolution of the Board of Directors of the corporation. . • ' , :. ;~ By: /s/ Salvina Amenta-Gray Assistant Secretary Name:_ Salvina Amenta-Gray


 
Exhibit 3.14 BYLAWS OF TEAC AEROSPACE TECHNOLOGIES, INC. Adopted as of January 15, 2004


 
TABLE OF CONTENTS (continued) Page ARTICLE I Stockholders 1.1 Place of Meetings ............................................................................................................................. 1 1.2 Annual Meetings ............................................................................................................................... 1 1.3 Special Meetings .............................................................................................................................. 1 1.4 Notice of Meetings .... .. ... .... ................................................................................... ................ ............ 1 1.5 Adjournments .................................................................................................................................... 1 1.6 Quorum ............................................................................................................................................. 1 1. 7 Organization ..................................................................................................................................... 2 1.8 Voting; Proxies .................................................................................................................................. 2 1.9 Fixing Date for Determination of Stockholders of Record ................................................................ 2 1.10 list of Stockholders Entitled to Vote ................................................................................................ .2 1.11 Action by Consent of Stockholders ................................................................................................... 3 ARTICLE II Board of Directors 2.1 Number; Qualifications .....................................................................................................................3 2.2 Election; Resignation; Vacancies ..................................................................................................... 3 2.3 Regular Meetings .............................................................................................................................. 3 2.4 Special Meetings .............................................................................................................................. 3 2.5 Telephonic Meetings Permitted ........................................................................................................ 3 2.6 Quorum; Vote Required for Action ................................................................................................... 3 2. 7 Organization .....................................................................................................................................4 2.8 Informal Action by Directors ............................................................................................................. 4 ARTICLE Ill Committees 3.1 Committees .......................................................................................................................................4 3.2 Committee Rules .............................................................................................................................. 4 ARTICLE IV Officers 4.1 Executive Officers; Election; Qualifications; Term of Office; Resignation; Removal; Vacancies .........................................................................................................................................4 4.2 Powers and Duties of Executive Officers ........................................................................................ .4 ARTICLEV Stock 5.1 Certificates .......................................................................................... .............................................. 5 5.2 Lost, Stolen or Destroyed Stock Certificates; Issuance of New Certificates .................................... 5 ARTICLE VI Indemnification 6.1 Right to Indemnification .................................................................................................................... 5 phx-srvO l\1431818v01\53291.01 0300


 
TABLE OF CONTENTS (continued) Page 6.2 Prepayment of Expenses ................................................................................................................. 5 6.3 Claims ...............................................................................................................................................5 6.4 Nonexclusivity of Rights ................................................................................................................... 5 6.5 Other Indemnification .......................................................................................................................6 6.6 Amendment or Repeal ......................................................................................................................6 ARTICLE VII Miscellaneous 7.1 Fiscal Year ........................................................................................................................................ 6 7.2 Seal ................................................................................................................................................... 6 7.3 Waiver of Notice of Meetings of Stockholders, Directors, and Committees ..................................... 6 7.4 Interested Directors; Quorum ........................................................................................................... 6 7.5 Form of Records ...............................................................................................................................6 7.6 Amendment of Bylaws ......................................................................................................................7 phx-srv01\1431818v0 1\53291.010300 II


 
BYLAWS ( OF TEAC AEROSPACE TECHNOLOGIES, INC. ARTICLE I Stockholders 1.1 Place of Meetings. Meetings of stockholders shall be held at the place, either within or without the State of Delaware, as may be designated by resolution of the Board of Directors from time to time. 1.2 Annual Meetings. Annual meetings of stockholders shall, unless otherwise provided by the Board of Directors, be held on the first Tuesday in February of each calendar year, commencing in 2005, if not a legal holiday, and if a legal holiday, then on the next full business day following, at 10:00 a.m., at which time they shall elect a board of directors and transact any other business as may properly be brought before the meeting. 1.3 Special Meetings. Special meetings of stockholders for any purpose or purposes may be called at any time by the Board of Directors, or by a committee of the Board of Directors which has been duly designated by the Board of Directors and whose powers and authority, as expressly provided in a resolution of the Board of Directors, include the power to call such meetings, but such special meetings may not be called by any other person or persons. 1.4 Notice of Meetings. Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given which shall state the place, date, and hour of the meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Unless otherwise provided by law, the Certificate of Incorporation, or these Bylaws, the written notice of any meeting shall be given no less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder entitled to vote at such meeting. If mailed, such notice shall be deemed to be given when deposited in the mail, postage prepaid, directed to the stockholder at his or her address as it appears on the records of the corporation. 1.5 Adjournments. Any meeting of stockholders, annual or special, may adjourn from time to time to reconvene at the same or some other place, and notice need not be given of any such adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. At the adjourned meeting the corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. 1.6 Quorum. Except as otherwise provided by law, the Certificate of Incorporation, or these Bylaws, at each meeting of stockholders the presence in person or by proxy of the holders of shares of stock having a majority of the votes which could be cast by the holders of all outstanding shares of stock entitled to vote at the meeting shall be necessary and sufficient to constitute a quorum. In the absence of a quorum, the stockholders so present may, by majority vote, adjourn the meeting from time to time in the manner provided in Section 1.5 of these Bylaws until a quorum shall attend. Shares of its own stock belonging to the corporation or to another corporation, if a majority of the shares entitled to vote in the election of directors of such other corporation is held, directly or indirectly, by the corporation, shall neither be entitled to vote nor be counted for quorum purposes; provided, however, that the foregoing shall not limit the right of the corporation to vote stock, including but not limited to its own stock, held by it in a fiduciary capacity. phx-srvO 1\1431818v01\53291 .01 0300


 
1.7 Organization. Meetings of stockholders shall be presided over by the Chairman of the Board, if any, or in his or her absence by the Vice Chairman of the Board, if any, or in his or her absence ( by the President, or in his or her absence by a Vice President, or in the absence of the foregoing persons by a chairman designated by the Board of Directors, or in the absence of such designation by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his or her absence the chairman of the meeting may appoint any person to act as secretary of the meeting. 1.8 Voting: Proxies. Except as otherwise provided by the Certificate of Incorporation, each stockholder entitled to vote at any meeting of stockholders shall be entitled to one vote for each share of stock held by such stockholder which has voting power upon the matter in question. Each stockholder entitled to vote at a meeting of stockholders may authorize another person or persons to act for such stockholder by proxy, but no such proxy shall be voted or acted upon after three (3) years from its date, unless the proxy provides for a longer period. A duly executed proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by filing an instrument in writing revoking the proxy or another duly executed proxy bearing a later date with the Secretary of the corporation. Voting at meetings of stockholders need not be by written ballot and need not be conducted by inspectors of election unless so determined by the holders of shares of stock having a majority of the votes which could be cast by the holders of all outstanding shares of stock entitled to vote thereon which are present in person or by proxy at such meeting. At all meetings of stockholders for the election of directors a plurality of the votes cast shall be sufficient to elect. All other elections and questions shall, unless otherwise provided by law, the Certificate of Incorporation, or these Bylaws, be decided by the vote of the holders of shares of stock having a majority of the votes which could be cast by the holders of all shares of stock entitled to vote thereon which are present in person or represented by proxy at the meeting. 1.9 Fixing Date for Determination of Stockholders of Record. In order that the corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or to express consent to corporate action in writing without a meeting, or entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion, or exchange of stock or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors and which record date: (1) in the case of determination of stockholders entitled to vote at any meeting of stockholders or adjournment thereof, shall, unless otherwise required by law, not be more than sixty (60) nor less than ten (10) days before the date of such meeting; (2) in the case of determination of stockholders entitled to express consent to corporate action in writing without a meeting, shall not be more than ten (10) days from the date upon which the resolution fixing the record date is adopted by the Board of Directors; and (3) in the case of any other action, shall not be more than sixty (60) days prior to such other action. If no record date is fixed: (1) the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held; (2) the record date for determining stockholders entitled to express consent to corporate action in writing without a meeting when no prior action of the Board of Directors is required by law, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the corporation in accordance with applicable law, or, if prior action by the Board of Directors is required by law, shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action; and (3) the record date for determining stockholders for any other purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting. 1.10 List of Stockholders Entitled to Vote. The Secretary shall prepare and make, at least ten (10) days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of phx-srvO 1\1431818v01\53291.01 0300 2


 
shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten (10) days prior to the meeting, either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof and may be inspected by any stockholder who is present. Upon the willful neglect or refusal of the directors to produce such a list at any meeting for the election of directors, they shall be ineligible for election to any office at such meeting. The stock ledger shall be the only evidence as to who are the stockholders entitled to examine the stock ledger, the list of stockholders or the books of the corporation, or to vote in person or by proxy at any meeting of stockholders. 1.11 Action by Consent of Stockholders. Unless otherwise restricted by the Certificate of Incorporation, any action required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice, and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing. ARTICLE II Board of Directors 2.1 Number: Qualifications. The Board of Directors shall consist of one or more members, the number thereof to be determined from time to time by resolution of the Board of Directors. The number of directors which shall comprise the initial Board of Directors shall be that number set forth in the Certificate of Incorporation. Directors need not be stockholders. 2.2 Election: Resignation: Vacancies. The Board of Directors shall be elected at each annual meeting of stockholders and each director shall hold office for a term of one (1) year or until his or her successor is elected and qualified. Any director may resign at any time upon written notice to the corporation. Any newly created directorship or any vacancy occurring in the Board of Directors for any cause may be filled by a majority of the remaining members of the Board of Directors, although such majority is less than a quorum, or by a plurality of the votes cast at a meeting of stockholders, and each director so elected shall hold office until the expiration of the term of office of the director whom he has replaced or until his or her successor is elected and qualified. 2.3 Regular Meetings. Regular meetings of the Board of Directors may be held at such places within or without the State of Delaware and at such times as the Board of Directors may from time to time determine, and if so determined, notices thereof need not be given. 2.4 Special Meetings. Special meetings of the Board of Directors may be held at any time or place within or without the State of Delaware whenever called by the President, any Vice President, the Secretary, or by any member of the Board of Directors. Notice of a special meeting of the Board of Directors shall be given by the person or persons calling the meeting at least twenty-four (24) hours before the special meeting. 2.5 Telephonic Meetings Permitted. Members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a meeting thereof by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant to this Section 2.5 shall constitute presence in person at such meeting. 2.6 Quorum: Vote Required for Action. At all meetings of the Board of Directors a majority of the whole Board of Directors shall constitute a quorum for the transaction of business. Except in cases in phx-srvO l\1431818v01\S3291.01 0300 3


 
which the Certificate of Incorporation or these Bylaws otherwise provide, the vote of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. 2. 7 Organization. Meetings of the Board of Directors shall be presided over by the Chairman of the Board, if any, or in his or her absence by the Vice Chairman of the Board, if any, or in his or her absence by the President, or in their absence by a chairman chosen at the meeting. The Secretary shall act as secretary of the meeting, but in his or her absence the chairman of the meeting may appoint any person to act as secretary of the meeting. 2.8 Informal Action bv Directors. Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members of the Board of Directors or such committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board of Directors or such committee. ARTICLE Ill Committees 3.1 Committees. The Board of Directors may, by resolution passed by a majority of the whole Board of Directors, designate one or more committees, each committee to consist of one or more of the directors of the corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of the committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in place of any such absent or disqualified member. Any such committee, to the extent permitted by law and to the extent provided in the resolution of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all pages which may require it. 3.2 Committee Rules. Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter, and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article 2 of these Bylaws. ARTICLE IV Officers 4.1 Executive Officers: Election: Qualifications: Term of Office: Resignation: Removal: Vacancies. The Board of Directors shall elect a President and Secretary, and it may, if it so determines, choose a Chairman of the Board and a Vice Chairman of the Board from among its members. The Board of Directors may also elect one or more Vice Presidents, one or more Assistant Secretaries, a Treasurer, one or more Assistant Treasurers, and such other officers as the Board of Directors deems necessary. Each such officer shall hold office until the first meeting of the Board of Directors after the annual meeting of stockholders next succeeding his or her election, and until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to the corporation. The Board of Directors may remove any officer with or without cause at any time, but such removal shall be without prejudice to the contractual rights of such officer, if any, with the corporation. Any number of offices may be held by the same person. Any vacancy occurring in any office of the corporation by death, resignation, removal or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any regular or special meeting. 4.2 Powers and Duties of Executive Officers. The officers of the corporation shall have such powers and duties in the management of the corporation as may be prescribed by the Board of Directors and, to the extent not so provided, as generally pertain to their respective officers, subject to the control of phx-srvO l\1431818v01\53291.0 I 0300 4


 
the Board of Directors. The Board of Directors may require any officer, agent, or employee to give c security for the faithful performance of his or her duties. ARTICLEV Stock 5.1 Certificates. Every holder of stock shall be entitled to have a certificate signed by or in the name of the corporation by the Chairman or Vice Chairman of the Board of Directors, if any, or the President or a Vice President, and by the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary, of the corporation, certifying the number of shares owned by him or her in the corporation. Any of or all the signatures on the certificate may be a facsimile. In case any officer, transfer agent, or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent, or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if he were such officer, transfer agent, or registrar at the date of issue. 5.2 Lost. Stolen or Destroyed Stock Certificates: Issuance of New Certificates. The corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it, alleged to have been lost, stolen or destroyed, and the corporation may require the owner of the lost, stolen, or destroyed certificate, or his or her legal representative, to give the corporation a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged Joss, theft, or destruction of any such certificate or the issuance of such new certificate. ARTICLE VI Indemnification 6.1 Right to Indemnification. The corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, any person who was or is made or is threatened to be made a party or is otherwise involved in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative (a "proceeding"), by reason of the fact that he or she or a person for whom he or she is the legal representative, is or was a director or officer of the corporation or is or was serving at the request of the corporation as a director, officer, employee, or agent of another corporation or of a partnership, joint venture, trust, enterprise, or nonprofit entity, including service with respect to employee benefit plans (an "indemnitee"), against all liability and Joss suffered and expenses (including attorneys' fees) reasonably incurred by such indemnitee. The corporation shall be required to indemnify an indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if the initiation of such proceeding (or part thereof) by the indemnitee was authorized by the Board of Directors of the corporation. 6.2 Prepayment of Expenses. The corporation shall pay the expenses (including attorneys' fees) incurred by an indemnitee in defending any proceeding in advance of its final disposition, provided, however, that the payment of expenses incurred by a director or officer in advance of the final disposition of the proceeding shall be made only upon receipt of an undertaking by the director or officer to repay all amounts advanced if it should be ultimately determined that the director or officer is not entitled to be indemnified under this Article or otherwise. 6.3 Claims. If a claim for indemnification or payment of expenses under this Article is not paid in full within sixty (60) days after a written claim therefor by the indemnitee has been received by the corporation, the indemnitee may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expenses of prosecuting such claim. In any such action the corporation shall have the burden of proving that the indemnitee was not entitled to the requested indemnification or payment of expenses under applicable law. 6.4 Nonexclusivity of Rights. The rights conferred on any person by this Article 6 shall not be exclusive of any other rights which such person may have or hereafter acquire under any statute, phx-srv01\1431818v01\53291.01 0300 5


 
prov1s1on of the Certificate of Incorporation, these Bylaws, agreement, vote of stockholders, or disinterested directors or otherwise. 6.5 Other Indemnification. The corporation's obligation, if any, to indemnify any person who was or is serving at its request as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, enterprise, or nonprofit entity shall be reduced by any amount such person may collect as indemnification from such other corporation, partnership, joint venture, trust, enterprise, or nonprofit enterprise. 6.6 Amendment or Repeal. Any repeal or modification of the foregoing provisions of this Article 6 shall not adversely affect any right or protection hereunder of any person in respect of any act or omission occurring prior to the time of such repeal or modification. ARTICLE VII Miscellaneous 7.1 Fiscal Year. The fiscal year of the corporation shall be determined by resolution of the Board of Directors. 7.2 Seal. The corporate seal shall have the name of the corporation inscribed thereon and shall be in such form as may be approved from time to time by the Board of Directors. 7.3 Waiver of Notice of Meetings of Stockholders. Directors. and Committees. Any written waiver of notice, signed by the person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of any regular or special meeting of the stockholders, directors, or members of a committee of directors need be specified in any written waiver of notice. 7.4 Interested Directors: Quorum. No contract or transaction between the corporation and one or more of its directors or officers, or between the corporation and any other corporation, partnership, association, or other organization in which one or more of its directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his, her or their votes are counted for such purpose, if: (1) the material facts as to his or her relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or (2) the material facts as to his or her relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or (3) the contract or transaction is fair as to the corporation as of the time it is authorized, approved, or ratified by the Board of Directors, a committee thereof, or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction. 7.5 Form of Records. Any records maintained by the corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be kept on, or be in the form of, punch cards, magnetic tape, photographs, microphotographs, or any other information storage device, provided that the records so kept can be converted into clearly legible form within a reasonable time. The corporation shall so convert any records so kept upon the request of any person entitled to inspect the same. phx-srv01\1431818v0 1\53291.0 I 0300 6


 
7.6 Amendment of Bylaws. These Bylaws may be altered or repealed, and new Bylaws made by the Board of Directors, but the stockholders may make additional bylaws and may alter and repeal any bylaws whether adopted by them or otherwise. phx-srv01\1431818v01\53291.01 0300 7


 
Exhibit 3.15


 


 


 


 


 


 


 


 


 


 
Exhibit 3.16

AMENDED AND RESTATED BY-LAWS
OF
SKANDIA, INC.

ARTICLE I

Meetings of Shareholders
Section 1. Annual Meetings . The annual meeting of shareholders shall be held at such time and place and on such date in each year as may be fixed by the board of directors and stated in the notice of the meeting, for the election of directors, the consideration of reports to be laid before such meeting and the transaction of such other business as may properly come before the meeting.
Section 2. Special Meetings . Special meetings of the shareholders shall be called upon the written request of the chairman of the board of directors, the chief executive officer, the president, the directors by action at a meeting, a majority of the directors acting without a meeting, or of the holders of shares entitling them to exercise a majority of the voting power of the Corporation entitled to vote thereat. Calls for such meetings shall specify the purposes thereof. No business other than that specified in the call shall be considered at any special meeting.
Section 3. Notices of Meetings . Unless waived, and except as provided in Section 7.20 of the Illinois Business Corporation Act, written notice of each annual or special meeting stating the date, time, place and purposes thereof shall be given by personal delivery or by mail to each shareholder of record entitled to vote at or entitled to notice of the meeting, not more than sixty days nor less than ten days before any such meeting. If mailed, such notice shall be directed to the shareholder at his address as the same appears upon the records of the Corporation. Any shareholder, either before or after any meeting, may waive any notice required to be given by law or under these By-laws.
Section 4. Place of Meetings . Meetings of shareholders shall be held at the principal office of the Corporation unless the board of directors determines that a meeting shall be held at some other place within or without the State of Illinois and causes the notice thereof to so state.
Section 5. Quorum . The holders of shares entitling them to exercise a majority of the voting power of the Corporation entitled to vote at any meeting, present in person or by proxy, shall constitute a quorum for the transaction of business to be considered at such meeting; provided, however, that no action required by law or by the Certificate of Incorporation or these By-laws to be authorized or taken by the holders of a designated proportion of the shares of any particular class or of each class may be authorized or taken by a lesser proportion; and provided, further, that if a separate class vote is required with respect to any matter, the holders of a majority of the outstanding shares of such class, present in person or by proxy, shall constitute a quorum of such class, and the affirmative vote of the majority of shares of such class so present shall be the act of such class. The holders of a majority of the voting shares represented at a

1



meeting, whether or not a quorum is present, may adjourn such meeting from time to time, until a quorum shall be present.
Section 6. Record Date . The board of directors may fix a record date for any lawful purpose, including, without limiting the generality of the foregoing, the determination of shareholders entitled to (i) receive notice of or to vote at any meeting of shareholders or any adjournment thereof or to express consent to corporate action in writing without a meeting, (ii) receive payment of any dividend or other distribution or allotment of any rights, or (iii) exercise any rights in respect of any change, conversion or exchange of stock. Such record date shall not precede the date on which the resolution fixing the record date is adopted by the board of directors. Such record date shall not be more than sixty days nor less than ten days before the date of such meeting, nor more than sixty days before the date fixed for the payment of any dividend or distribution or the date fixed for the receipt or the exercise of rights, nor more than ten days after the date on which the resolution fixing the record date for such written consent is adopted by the board of directors, as the case may be.
If a record date shall not be fixed in respect of any such matter, the record date shall be determined in accordance with the Illinois Business Corporation Act.
Section 7. Proxies . A person who is entitled to attend a shareholders’ meeting, to vote thereat, or to execute consents, waivers or releases, may be represented at such meeting or vote thereat, and execute consents, waivers and releases, and exercise any of his other rights, by proxy or proxies appointed by a writing signed by such person.

ARTICLE II

Directors
Section 1. Number of Directors . Until changed in accordance with the provisions of this section, the number of directors of the Corporation, none of whom need be shareholders, shall be no fewer than two (2) and no more than three (3). The number of directors may be fixed or changed by amendment of these By-laws or by resolution of the board of directors.
Section 2. Election of Directors . Directors shall be elected at the annual meeting of shareholders, but when the annual meeting is not held or directors are not elected thereat, they may be elected at a special meeting called and held for that purpose. Such election shall be by ballot whenever requested by any shareholder entitled to vote at such election, but unless such request is made the election may be conducted in any manner approved at such meeting.
At each meeting of shareholders for the election of directors, the persons receiving the greatest number of votes shall be directors.
Section 3. Term of Office . Each director shall hold office until the annual meeting next succeeding his election and until his successor is elected and qualified, or until his earlier resignation, removal from office or death.

2


Section 4. Removal . All the directors, or all the directors of a particular class, or any individual director may be removed from office, without assigning any cause, by the vote of the holders of a majority of the voting power entitling them to elect directors in place of those to be removed.
Section 5. Vacancies . Vacancies in the board of directors may be filled by a majority vote of the remaining directors until an election to fill such vacancies is held. Shareholders entitled to elect directors shall have the right to fill any vacancy in the board (whether the same has been temporarily filled by the remaining directors or not) at any meeting of the shareholders called for that purpose, and any directors elected at any such meeting of shareholders shall serve until the next annual election of directors and until their successors are elected and qualified.
Section 6. Quorum and Transaction of Business . A majority of the whole authorized number of directors shall constitute a quorum for the transaction of business, except that a majority of the directors in office shall constitute a quorum for filling a vacancy on the board. Whenever less than a quorum is present at the time and place appointed for any meeting of the board, a majority of those present may adjourn the meeting from time to time, until a quorum shall be present. The act of a majority of the directors present at a meeting at which a quorum is present shall be the act of the board.
Section 7. Annual Meeting . Annual meetings of the board of directors shall be held immediately following annual meetings of the shareholders, or as soon thereafter as is practicable. If no annual meeting of the shareholders is held, or if directors are not elected thereat, then the annual meeting of the board of directors shall be held immediately following any special meeting of the shareholders at which directors are elected, or as soon thereafter as is practicable. If such annual meeting of directors is held immediately following a meeting of the shareholders, it shall be held at the same place at which such shareholders’ meeting was held.
Section 8. Regular Meetings . Regular meetings of the board of directors shall be held at such times and places, within or without the State of Illinois, as the board of directors may, by resolution, from time to time determine. The secretary shall give notice of each such resolution to any director who was not present at the time the same was adopted, but no further notice of such regular meeting need be given.
Section 9. Special Meetings . Special meetings of the board of directors may be called by the chairman of the board, the chief executive officer, the president, any vice president or any two members of the board of directors, and shall be held at such times and places, within or without the State of Illinois, as may be specified in such call.
Section 10. Notice of Annual or Special Meetings . Notice of the time and place of each annual or special meeting shall be given to each director by the secretary or by the person or persons calling such meeting. Such notice need not specify the purpose or purposes of the meeting and may be given in any manner or method and at such time so that the director receiving it may have reasonable opportunity to attend the meeting. Such notice shall, in all events, be deemed to have been properly and duly given if mailed at least forty-eight hours prior

3


to the meeting and directed to the residence of each director as shown upon the secretary’s records. The giving of notice shall be deemed to have been waived by any director who shall attend and participate in such meeting and may be waived, in writing, by any director either before or after such meeting.
Section 11. Compensation . The directors, as such, shall be entitled to receive such reasonable compensation, if any, for their services as may be fixed from time to time by resolution of the board, and expenses of attendance, if any, may be allowed for attendance at each annual, regular or special meeting of the board. Nothing herein contained shall be construed to preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. Members of the executive committee or of any standing or special committee may by resolution of the board be allowed such compensation for their services as the board may deem reasonable, and additional compensation may be allowed to directors for special services rendered.

ARTICLE III
Committees
Section 1. Executive Committee . The board of directors may from time to time, by resolution passed by a majority of the whole board, create an executive committee of three or more directors, the members of which shall be elected by the board of directors to serve during the pleasure of the board. If the board of directors does not designate a chairman of the executive committee, the executive committee shall elect a chairman from its own number. Except as otherwise provided herein and in the resolution creating an executive committee, such committee shall, during the intervals between the meetings of the board of directors, possess and may exercise all of the powers of the board of directors in the management of the business and affairs of the Corporation, other than that of filling vacancies among the directors or in any committee of the directors or except as provided by law. The executive committee shall keep full records and accounts of its proceedings and transactions. All action by the executive committee shall be reported to the board of directors at its meeting next succeeding such action and shall be subject to control, revision and alteration by the board of directors, provided that no rights of third persons shall be prejudicially affected thereby. Vacancies in the executive committee shall be filled by the directors, and the directors may appoint one or more directors as alternate members of the committee who may take the place of any absent member or members at any meeting.
Section 2. Meetings of Executive Committee . Subject to the provisions of these By-laws, the executive committee shall fix its own rules of procedure and shall meet as provided by such rules or by resolutions of the board of directors, and it shall also meet at the call of the chairman of the board, the chief executive officer, the president, the chairman of the executive committee or any two members of the committee. Unless otherwise provided by such rules or by such resolutions, the provisions of Section 10 of Article II relating to the notice required to be given of meetings of the board of directors shall also apply to meetings of the members of the executive committee. A majority of the executive committee shall be necessary to constitute a

4


quorum. The executive committee may act in writing without a meeting, but no such action of the executive committee shall be effective unless concurred in by all members of the committee.
Section 3. Other Committees . The board of directors may by resolution provide for such other standing or special committees as it deems desirable, and discontinue the same at its pleasure. Each such committee shall have such powers and perform such duties, not inconsistent with law, as may be delegated to it by the board of directors. The provisions of Section 1 and Section 2 of this Article shall govern the appointment and action of such committees so far as consistent, unless otherwise provided by the board of directors. Vacancies in such committees shall be filled by the board of directors or as the board of directors may provide.

ARTICLE IV
Officers
Section 1. General Provisions . The board of directors may elect officers, which may include a chief executive officer, a president, a secretary, a treasurer, or such number of vice presidents, if any, as the board may from time to time determine. The board of directors may also elect a chairman of the board of directors and may from time to time create such offices and appoint such other officers, subordinate officers and assistant officers as it may determine. The chairman of the board, if one be elected, shall be, but the other officers need not be, chosen from among the members of the board of directors. Any two or more of such offices, other than those of president and vice president, may be held by the same person.
Section 2. Term of Office . The officers of the Corporation shall hold office during the pleasure of the board of directors, and, unless sooner removed by the board of directors, until the annual meeting of the board of directors following the date of their election and until their successors are chosen and qualified. The board of directors may remove any officer at any time, with or without cause. Subject to the provisions of Section 6 of Article V of these By-laws, a vacancy in any office, however created, shall be filled by the board of directors.

ARTICLE V
Duties of Officers
Section 1. Chairman of the Board . The chairman of the board, if any, shall preside at all meetings of the board of directors and meetings of shareholders and shall have such other powers and duties as may be prescribed by the board of directors.
Section 2. Chief Executive Officer . The chief executive officer, if any, shall have, subject to the powers of the board of directors, charge of the overall general direction of the business and affairs of the Corporation, control of the general policies relating to all aspects of the Corporation’s business operations, and the power to fix the compensation of officers and the power to remove officers. In the absence of the chairman of the board, or if none be elected, the chief executive officer shall preside at meetings of shareholders. The chief executive officer

5


may appoint and discharge agents and employees and perform such other duties as are incident to such office. The chief executive officer shall have such other powers and perform such other duties as may be prescribed by the board of directors or as may be provided in these By‑laws. In the absence or disability of the officer designated as chief executive officer, the president shall perform any and all duties of the chief executive officer
Section 3. President . The president shall be the chief operating officer of the Corporation and shall have such other powers and duties as may be prescribed by the board of directors or the chief executive officer. The president shall have authority to sign all certificates for shares and all deeds, mortgages, bonds, agreements, notes, and other instruments requiring his signature; and shall have all the powers and duties prescribed by the Illinois Business Corporation Act and such others as the board of directors may from time to time assign to him.
Section 4. Vice Presidents . The vice presidents shall have such powers and duties as may from time to time be assigned to them by the board of directors, the chief executive officer or the president. At the request of the chief executive officer or the president, or in the case of his absence or disability, the vice president designated by the president (or in the absence of such designation, the vice president designated by the board) shall perform all the duties of the president and, when so acting, shall have all the powers of the president. The authority of vice presidents to sign in the name of the Corporation certificates for shares and deeds, mortgages, bonds, agreements, notes and other instruments shall be coordinate with like authority of the president.
Section 5. Secretary . The secretary shall keep minutes of all the proceedings of the shareholders and the board of directors and shall make proper record of the same, which shall be attested by him; shall have authority to execute and deliver certificates as to any of such proceedings and any other records of the Corporation; shall have authority to sign all certificates for shares and all deeds, mortgages, bonds, agreements, notes and other instruments to be executed by the Corporation which require his signature; shall give notice of meetings of shareholders and directors; shall produce on request at each meeting of shareholders a certified list of shareholders arranged in alphabetical order; shall keep such books and records as may be required by law or by the board of directors; and, in general, shall perform all duties incident to the office of secretary and such other duties as may from time to time be assigned to him by the board of directors, the chief executive officer or the president.
Section 6. Treasurer . The treasurer shall have general supervision of all finances; he shall have in charge all money, bills, notes, deeds, leases, mortgages and similar property belonging to the Corporation, and shall do with the same as may from time to time be required by the board of directors. He shall cause to be kept adequate and correct accounts of the business transactions of the Corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, stated capital and shares, together with such other accounts as may be required; and he shall have such other powers and duties as may from time to time be assigned to him by the board of directors, the chief executive officer or the president.
Section 7. Assistant and Subordinate Officers . Each other officer shall perform such duties as the board of directors, the chief executive officer or the president may prescribe.

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The board of directors may, from time to time, authorize any officer to appoint and remove subordinate officers, to prescribe their authority and duties, and to fix their compensation.
Section 8. Duties of Officers May Be Delegated . In the absence of any officer of the Corporation, or for any other reason the board of directors may deem sufficient, the board of directors may delegate, for the time being, the powers or duties, or any of them, of such officers to any other officer or to any director.

ARTICLE VI

Indemnification and Insurance
Section 1. Indemnification in Non-Derivative Actions . The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that he is or was a director or officer of the Corporation, or is or was serving at the request of the Corporation as a director, officer, member, manager, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.
Section 2. Indemnification in Derivative Actions . The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in its favor by reason of the fact that he is or was a director or officer of the Corporation, or is or was serving at the request of the Corporation as a director, officer, member, manager, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the Corporation unless and only to the extent that the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper.

7


Section 3. Indemnification as a Matter of Right . To the extent that a director, officer, employee or agent of the Corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Sections 1 and 2 of this Article VI, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection therewith.
Section 4. Determination of Conduct . Any indemnification under Sections 1 and 2 of this Article VI (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances because he has met the applicable standard of conduct set forth in Sections 1 and 2 of this Article VI. Such determination shall be made (1) by the board of directors by a majority vote of a quorum consisting of directors who were not parties to such action, suit or proceeding, or (2) if such a quorum is not obtainable, or, even if obtainable a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, or (3) by the shareholders.
Section 5. Advance Payment of Expenses . Expenses incurred in defending a civil or criminal action, suit or proceeding may be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of the director, officer, employee or agent to repay such amount if it shall ultimately be determined that he is not entitled to be indemnified by the Corporation as authorized in this section.
Section 6. Nonexclusivity . The indemnification and advancement of expenses provided by, or granted pursuant to, this Article VI shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any by-law, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office.
Section 7. Liability Insurance . The Corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, member, manager, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Corporation would have the power to indemnify him against such liability under the provisions of this section.
Section 8. Corporation . For purposes of this Article VI, references to “the Corporation” shall include, in addition to the resulting entity, any constituent entity (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, members, managers and employees or agents, so that any person who is or was a director, officer, member, manager, employee or agent of such constituent entity, or is or was serving at the request of such constituent entity as a director, officer, member, manager, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same

8


position under the provisions of this Article VI with respect to the resulting or surviving entity as he would have with respect to such constituent entity if its separate existence had continued.
Section 9. Employee Benefit Plans . For purposes of this Article VI, references to any “other enterprise” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on a person with respect to an employee benefit plan; and references to “serving at the request of the Corporation” shall include any service as a director, officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants, or beneficiaries; and a person who acted in good faith and in a manner he reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation” as referred to in this Article VI.
Section 10. Continuation . The indemnification and advancement of expenses provided by, or granted pursuant to, this Article VI shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

ARTICLE VII
Certificates for Shares
Section 1. Form and Execution . Certificates for shares, certifying the number of full-paid shares owned, may be issued to each shareholder in such form as shall be approved by the board of directors. Such certificates shall be signed by any two of the following officers of the Corporation: the chairman or vice-chairman of the board of directors, the chief executive officer, the president, a vice president, the treasurer, an assistant treasurer, the secretary or an assistant secretary; provided, however, that the signatures of any of such officers and the seal of the Corporation upon such certificates may be facsimiles, engraved, stamped or printed. If any officer or officers who shall have signed, or whose facsimile signature shall have been used, printed or stamped on any certificate or certificates for shares, shall cease to be such officer or officers, because of death, resignation or otherwise, before such certificate or certificates shall have been delivered by the Corporation, such certificate or certificates shall nevertheless be as effective in all respects as though signed by a duly elected, qualified and authorized officer or officers, and as though the person or persons who signed such certificate or certificates, or whose facsimile signature or signatures shall have been used thereon, had not ceased to be an officer or officers of the Corporation.
Section 2. Registration of Transfer . Any certificate for shares of the Corporation shall be transferable in person or by attorney upon the surrender thereof to the Corporation or any transfer agent therefor (for the class of shares represented by the certificate surrendered) properly endorsed for transfer and accompanied by such assurances as the Corporation or such transfer agent may require as to the genuineness and effectiveness of each necessary endorsement.

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Section 3. Lost, Destroyed or Stolen Certificates . A new share certificate or certificates may be issued in place of any certificate theretofore issued by the Corporation which is alleged to have been lost, destroyed or wrongfully taken upon (i) the execution and delivery to the Corporation by the person claiming the certificate to have been lost, destroyed or wrongfully taken of an affidavit of that fact, specifying whether or not, at the time of such alleged loss, destruction or taking, the certificate was endorsed, and (ii) the furnishing to the Corporation of indemnity and other assurances, if any, satisfactory to the Corporation and to all transfer agents and registrars of the class of shares represented by the certificate against any and all losses, damages, costs, expenses or liabilities to which they or any of them may be subjected by reason of the issue and delivery of such new certificate or certificates or in respect of the original certificate.
Section 4. Registered Shareholders . A person in whose name shares are of record on the books of the Corporation shall conclusively be deemed the unqualified owner and holder thereof for all purposes and to have capacity to exercise all rights of ownership. Neither the Corporation nor any transfer agent of the Corporation shall be bound to recognize any equitable interest in or claim to such shares on the part of any other person, whether disclosed upon such certificate or otherwise, nor shall they be obliged to see to the execution of any trust or obligation.

ARTICLE VIII
Fiscal Year
The fiscal year of the Corporation shall end on such date in each year as shall be designated from time to time by the board of directors. In the absence of such designation, the fiscal year of the Corporation shall end on September 30 in each year.

ARTICLE IX
Seal
The board of directors may provide a suitable seal containing the name of the Corporation. If deemed advisable by the board of directors, duplicate seals may be provided and kept for the purposes of the Corporation.

ARTICLE X
Amendments
These By-laws shall be subject to alteration, amendment, repeal, or the adoption of new By-laws either by the affirmative vote or written consent of a majority of the whole board of directors, or by the affirmative vote or written consent of the holders of record of a majority of the outstanding stock of the Corporation, present in person or represented by proxy and entitled to vote in respect thereof, given at an annual meeting or at any special meeting at which a quorum shall be present.

10
Exhibit 4.1

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

TWELFTH SUPPLEMENTAL INDENTURE
Dated as of March 30, 2018
to
Indenture
Dated as of October 15, 2012
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

5.50% Senior Subordinated Notes due 2020
of TransDigm Inc.


H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx


This TWELFTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of March 30, 2018, is entered into by and among Kirkhill Inc., a Delaware corporation (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation

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H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx


(“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”) and North Hills Signal Processing Overseas Corp., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight and North Hills the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

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H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx



WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of October 15, 2012 (as supplemented by the First Supplemental Indenture thereto, dated as of June 5, 2013, the Second Supplemental Indenture thereto, dated as of June 26, 2013, the Third Supplemental Indenture thereto, dated as of December 19, 2013, the Fourth Supplemental Indenture thereto, dated as of April 9, 2015, the Fifth Supplemental Indenture thereto, dated as of June 12, 2015, the Sixth Supplemental Indenture thereto, dated as of August 28, 2015, the Seventh Supplemental Indenture thereto, dated as of April 1, 2016, the Eighth Supplemental Indenture thereto, dated as of July 8, 2016, the Ninth Supplemental Indenture thereto, dated as of October 28, 2016, the Tenth Supplemental Indenture thereto, dated as of March 31, 2017, and the Eleventh Supplemental Indenture thereto, dated as of May 9, 2017, the “ Indenture ”), providing for the issuance by the Company of 5.50% Senior Subordinated Notes due 2020 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.

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H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

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H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
KIRKHILL INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC

[Signature page to the Twelfth Supplemental Indenture – 2020 Notes]
H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx


By:
Young & Franklin Inc., as its sole member
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina     
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Twelfth Supplemental Indenture – 2020 Notes]
H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


[Signature page to the Twelfth Supplemental Indenture – 2020 Notes]
H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President




[Signature page to the Twelfth Supplemental Indenture – 2020 Notes]
H:\Active Clients\Transdigm (539602)\03. Extant Joinder (600001)\Word Versions for 10-Q\Kirkhill Joinder - March 2018\TDG - Twelfth Supplemental Indenture (March 2018 - Kirkhill) (2020 Notes) - Signed.docx
Exhibit 4.2

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

THIRTEENTH SUPPLEMENTAL INDENTURE
Dated as of May 8, 2018
to
Indenture
Dated as of October 15, 2012
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

5.50% Senior Subordinated Notes due 2020
of TransDigm Inc.


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This THIRTEENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 8, 2018, is entered into by and among TransDigm UK Holdings plc, a United Kingdom public limited company (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta

- 2 -    


LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”) and Kirkhill, Inc., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills and North Hills Overseas, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    



WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of October 15, 2012 (as supplemented by the First Supplemental Indenture thereto, dated as of June 5, 2013, the Second Supplemental Indenture thereto, dated as of June 26, 2013, the Third Supplemental Indenture thereto, dated as of December 19, 2013, the Fourth Supplemental Indenture thereto, dated as of April 9, 2015, the Fifth Supplemental Indenture thereto, dated as of June 12, 2015, the Sixth Supplemental Indenture thereto, dated as of August 28, 2015, the Seventh Supplemental Indenture thereto, dated as of April 1, 2016, the Eighth Supplemental Indenture thereto, dated as of July 8, 2016, the Ninth Supplemental Indenture thereto, dated as of October 28, 2016, the Tenth Supplemental Indenture thereto, dated as of March 31, 2017, the Eleventh Supplemental Indenture thereto, dated as of May 9, 2017, and the Twelfth Supplemental Indenture thereto, dated as of March 30, 2018, the “ Indenture ”), providing for the issuance by the Company of 5.50% Senior Subordinated Notes due 2020 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Guaranteeing Subsidiary is a Foreign Restricted Subsidiary, as that term is defined in the Indenture;
WHEREAS , the Company desires to cause the Guaranteeing Subsidiary to provide a senior subordinated guarantee of payment of the Notes (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Sections 9.01(d) and (g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Company covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
AMENDMENT . The definition of “Guarantee” in Section 1.01 of the Indenture is hereby amended and restated in its entirety, as follows:

“‘
Guarantee ’ means (i) the guarantee of the Notes by Holdings and the Domestic Restricted Subsidiaries of the Company in accordance with the terms of this Indenture, (ii) the guarantee of the Notes by any Restricted Subsidiary required under the terms of Section 4.17 hereof and (iii) any guarantee by a Foreign Restricted Subsidiary that is provided at the sole discretion of the Company.”

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3.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
4.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
5.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
6.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
7.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
8.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
9.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
10.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

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IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer

ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member

[Signature page to the Thirteenth Supplemental Indenture – 2020 Notes]


KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Thirteenth Supplemental Indenture – 2020 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President

[Signature page to the Thirteenth Supplemental Indenture – 2020 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President




[Signature page to the Thirteenth Supplemental Indenture – 2020 Notes]
Exhibit 4.3

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

FOURTEENTH SUPPLEMENTAL INDENTURE
Dated as of May 22, 2018
to
Indenture
Dated as of October 15, 2012
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

5.50% Senior Subordinated Notes due 2020
of TransDigm Inc.

This FOURTEENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 22, 2018, is entered into by and among Extant Components Group Holdings, Inc., a Delaware corporation (“ Extant ”), Extant Components Group Intermediate, Inc., a Delaware corporation (“ Extant Intermediate ”), Symetrics Industrics, LLC, a Florida limited liability company (“ Symetrics Industries ”), Symetrics Technology Group, LLC, a Florida limited liability company (“ Symetrics Technology ”), TEAC Aerospace Holdings, Inc., a Delaware corporation (“ TEAC Holdings ”), and TEAC Aerospace Technologies, Inc., a Delaware corporation (collectively with Extant, Extant Intermediate, Symetrics Industries, Symetrics Technology and TEAC Holdings, the “ Guaranteeing Subsidiaries ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation

- 1 -    


(“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”), Kirkhill, Inc., a Delaware corporation (“ Kirkhill ”), and TransDigm UK Holdings plc, a United Kingdom public limited company (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex,

- 2 -    



Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills, North Hills Overseas and Kirkhill, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    



WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of October 15, 2012 (as supplemented by the First Supplemental Indenture thereto, dated as of June 5, 2013, the Second Supplemental Indenture thereto, dated as of June 26, 2013, the Third Supplemental Indenture thereto, dated as of December 19, 2013, the Fourth Supplemental Indenture thereto, dated as of April 9, 2015, the Fifth Supplemental Indenture thereto, dated as of June 12, 2015, the Sixth Supplemental Indenture thereto, dated as of August 28, 2015, the Seventh Supplemental Indenture thereto, dated as of April 1, 2016, the Eighth Supplemental Indenture thereto, dated as of July 8, 2016, the Ninth Supplemental Indenture thereto, dated as of October 28, 2016, the Tenth Supplemental Indenture thereto, dated as of March 31, 2017, the Eleventh Supplemental Indenture thereto, dated as of May 9, 2017, the Twelfth Supplemental Indenture thereto, dated as of March 30, 2018, and the Thirteenth Supplemental Indenture thereto, dated as of May 8, 2018, the “ Indenture ”), providing for the issuance by the Company of 5.50% Senior Subordinated Notes due 2020 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiaries have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Guaranteeing Subsidiaries covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . Each of the Guaranteeing Subsidiaries hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

- 4 -    


4.
EXECUTION AND DELIVERY . Each of the Guaranteeing Subsidiaries agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiaries (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiaries or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
SYMETRICS INDUSTRIES, LLC
By:
Symetrics Technology Group, LLC, as its sole member
By:
Extant Components Group Intermediate, Inc., as its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
By:
Extant Components Group Intermediate, Inc., as its sole member
TEAC AEROSPACE HOLDINGS, INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.

[Signature page to the Fourteenth Supplemental Indenture – 2020 Notes]


BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member
KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer

[Signature page to the Fourteenth Supplemental Indenture – 2020 Notes]






AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


[Signature page to the Fourteenth Supplemental Indenture – 2020 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President




[Signature page to the Fourteenth Supplemental Indenture – 2020 Notes]
Exhibit 4.4

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

NINTH SUPPLEMENTAL INDENTURE
Dated as of March 30, 2018
to
Indenture
Dated as of June 4, 2014
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.000% Senior Subordinated Notes due 2022
of TransDigm Inc.


- 1 -    


This NINTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of March 30, 2018, is entered into by and among Kirkhill Inc., a Delaware corporation (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation

- 2 -    


(“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”) and North Hills Signal Processing Overseas Corp., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight and North Hills the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    



WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 4, 2014 (as supplemented by the First Supplemental Indenture thereto, dated as of April 9, 2015, the Second Supplemental Indenture thereto, dated as of June 12, 2015, the Third Supplemental Indenture thereto, dated as of August 28, 2015, the Fourth Supplemental Indenture thereto, dated as of April 1, 2016, the Fifth Supplemental Indenture thereto, dated as of July 8, 2016, the Sixth Supplemental Indenture thereto, dated as of October 28, 2016, the Seventh Supplemental Indenture thereto, dated as of March 31, 2017, and the Eighth Supplemental Indenture thereto, dated as of May 9, 2017, the “ Indenture ”), providing for the issuance by the Company of 6.000% Senior Subordinated Notes due 2022 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.



- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
KIRKHILL INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC

[Signature page to the Ninth Supplemental Indenture – 2022 Notes]


By:
Young & Franklin Inc., as its sole member
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Ninth Supplemental Indenture – 2022 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name: Lawrence M. Kusch
Title: Vice President





[Signature page to the Ninth Supplemental Indenture – 2022 Notes]
Exhibit 4.5

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

TENTH SUPPLEMENTAL INDENTURE
Dated as of May 8, 2018
to
Indenture
Dated as of June 4, 2014
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.000% Senior Subordinated Notes due 2022
of TransDigm Inc.


- 1 -    


This TENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 8, 2018, is entered into by and among TransDigm UK Holdings plc, a United Kingdom public limited company (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta

- 2 -    


LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”) and Kirkhill, Inc., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills and North Hills Overseas, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    



WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 4, 2014 (as supplemented by the First Supplemental Indenture thereto, dated as of April 9, 2015, the Second Supplemental Indenture thereto, dated as of June 12, 2015, the Third Supplemental Indenture thereto, dated as of August 28, 2015, the Fourth Supplemental Indenture thereto, dated as of April 1, 2016, the Fifth Supplemental Indenture thereto, dated as of July 8, 2016, the Sixth Supplemental Indenture thereto, dated as of October 28, 2016, the Seventh Supplemental Indenture thereto, dated as of March 31, 2017, the Eighth Supplemental Indenture thereto, dated as of May 9, 2017, and the Ninth Supplemental Indenture thereto, dated as of March 30, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.000% Senior Subordinated Notes due 2022 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Guaranteeing Subsidiary is a Foreign Restricted Subsidiary, as that term is defined in the Indenture;
WHEREAS , the Company desires to cause the Guaranteeing Subsidiary to provide a senior subordinated guarantee of payment of the Notes (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Sections 9.01(d) and (g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Company covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
AMENDMENT . The definition of “Guarantee” in Section 1.01 of the Indenture is hereby amended and restated in its entirety, as follows:
“‘ Guarantee ’ means (i) the guarantee of the Notes by Holdings and the Domestic Restricted Subsidiaries of the Company in accordance with the terms of this Indenture, (ii) the guarantee of the Notes by any Restricted Subsidiary required under the terms of Section 4.17 hereof and (iii) any guarantee by a Foreign Restricted Subsidiary that is provided at the sole discretion of the Company.”
3.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.

- 4 -    


4.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
5.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
6.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
7.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
8.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
9.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
10.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer

ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member

[Signature page to the Tenth Supplemental Indenture – 2022 Notes]


KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Tenth Supplemental Indenture – 2022 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President

[Signature page to the Tenth Supplemental Indenture – 2022 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President





[Signature page to the Tenth Supplemental Indenture – 2022 Notes]
Exhibit 4.6

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

ELEVENTH SUPPLEMENTAL INDENTURE
Dated as of May 22, 2018
to
Indenture
Dated as of June 4, 2014
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.000% Senior Subordinated Notes due 2022
of TransDigm Inc.


- 1 -    


This ELEVENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 22, 2018, is entered into by and among Extant Components Group Holdings, Inc., a Delaware corporation (“ Extant ”), Extant Components Group Intermediate, Inc., a Delaware corporation (“ Extant Intermediate ”), Symetrics Industrics, LLC, a Florida limited liability company (“ Symetrics Industries ”), Symetrics Technology Group, LLC, a Florida limited liability company (“ Symetrics Technology ”), TEAC Aerospace Holdings, Inc., a Delaware corporation (“ TEAC Holdings ”), and TEAC Aerospace Technologies, Inc., a Delaware corporation (collectively with Extant, Extant Intermediate, Symetrics Industries, Symetrics Technology and TEAC Holdings, the “ Guaranteeing Subsidiaries ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited

- 2 -    


liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”), Kirkhill, Inc., a Delaware corporation (“ Kirkhill ”), and TransDigm UK Holdings plc, a United Kingdom public limited company (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills, North Hills Overseas and Kirkhill, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    



WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 4, 2014 (as supplemented by the First Supplemental Indenture thereto, dated as of April 9, 2015, the Second Supplemental Indenture thereto, dated as of June 12, 2015, the Third Supplemental Indenture thereto, dated as of August 28, 2015, the Fourth Supplemental Indenture thereto, dated as of April 1, 2016, the Fifth Supplemental Indenture thereto, dated as of July 8, 2016, the Sixth Supplemental Indenture thereto, dated as of October 28, 2016, the Seventh Supplemental Indenture thereto, dated as of March 31, 2017, the Eighth Supplemental Indenture thereto, dated as of May 9, 2017, the Ninth Supplemental Indenture thereto, dated as of March 30, 2018, and the Tenth Supplemental Indenture thereto, dated as of May 8, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.000% Senior Subordinated Notes due 2022 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiaries have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Guaranteeing Subsidiaries covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . Each of the Guaranteeing Subsidiaries hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . Each of the Guaranteeing Subsidiaries agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.

- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiaries (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiaries or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
SYMETRICS INDUSTRIES, LLC
By:
Symetrics Technology Group, LLC, as its sole member
By:
Extant Components Group Intermediate, Inc., as its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
By:
Extant Components Group Intermediate, Inc., as its sole member
TEAC AEROSPACE HOLDINGS, INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.

[Signature page to the Eleventh Supplemental Indenture – 2022 Notes]


BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member
KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer

[Signature page to the Eleventh Supplemental Indenture – 2022 Notes]






AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director



[Signature page to the Eleventh Supplemental Indenture – 2022 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President





[Signature page to the Eleventh Supplemental Indenture – 2022 Notes]
Exhibit 4.7

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

NINTH SUPPLEMENTAL INDENTURE
Dated as of March 30, 2018
to
Indenture
Dated as of June 4, 2014
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.500% Senior Subordinated Notes due 2024
of TransDigm Inc.


- 1 -    


This NINTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of March 30, 2018, is entered into by and among Kirkhill Inc., a Delaware corporation (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation

- 2 -    


(“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”) and North Hills Signal Processing Overseas Corp., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight and North Hills the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 4, 2014 (as supplemented by the First Supplemental Indenture thereto, dated as of April 9, 2015, the Second Supplemental Indenture thereto, dated as of June 12, 2015, the Third Supplemental Indenture thereto, dated as of August 28, 2015, the Fourth Supplemental Indenture thereto, dated as of April 1, 2016, the Fifth Supplemental Indenture thereto, dated as of July 8, 2016, the Sixth Supplemental Indenture thereto, dated as of October 28, 2016, the Seventh Supplemental Indenture thereto, dated as of March 31, 2017, and the Eighth Supplemental Indenture thereto, dated as of May 9, 2017, the “ Indenture ”), providing for the issuance by the Company of 6.500% Senior Subordinated Notes due 2024 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.



- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
KIRKHILL INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC

[Signature page to the Ninth Supplemental Indenture – 2024 Notes]


By:
Young & Franklin Inc., as its sole member
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By:
Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Ninth Supplemental Indenture – 2024 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:    Lawrence M. Kusch
Title:    Vice President









[Signature page to the Ninth Supplemental Indenture – 2024 Notes]
Exhibit 4.8

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

TENTH SUPPLEMENTAL INDENTURE
Dated as of May 8, 2018
to
Indenture
Dated as of June 4, 2014
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.500% Senior Subordinated Notes due 2024
of TransDigm Inc.


- 1 -    


This TENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 8, 2018, is entered into by and among TransDigm UK Holdings plc, a United Kingdom public limited company (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta

- 2 -    


LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”) and Kirkhill, Inc., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills and North Hills Overseas, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 4, 2014 (as supplemented by the First Supplemental Indenture thereto, dated as of April 9, 2015, the Second Supplemental Indenture thereto, dated as of June 12, 2015, the Third Supplemental Indenture thereto, dated as of August 28, 2015, the Fourth Supplemental Indenture thereto, dated as of April 1, 2016, the Fifth Supplemental Indenture thereto, dated as of July 8, 2016, the Sixth Supplemental Indenture thereto, dated as of October 28, 2016, the Seventh Supplemental Indenture thereto, dated as of March 31, 2017, the Eighth Supplemental Indenture thereto, dated as of May 9, 2017, and the Ninth Supplemental Indenture thereto, dated as of March 30, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.500% Senior Subordinated Notes due 2024 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Guaranteeing Subsidiary is a Foreign Restricted Subsidiary, as that term is defined in the Indenture;
WHEREAS , the Company desires to cause the Guaranteeing Subsidiary to provide a senior subordinated guarantee of payment of the Notes (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Sections 9.01(d) and (g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Company covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
AMENDMENT . The definition of “Guarantee” in Section 1.01 of the Indenture is hereby amended and restated in its entirety, as follows:
“‘ Guarantee ’ means (i) the guarantee of the Notes by Holdings and the Domestic Restricted Subsidiaries of the Company in accordance with the terms of this Indenture, (ii) the guarantee of the Notes by any Restricted Subsidiary required under the terms of Section 4.17 hereof and (iii) any guarantee by a Foreign Restricted Subsidiary that is provided at the sole discretion of the Company.”
3.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.

- 4 -    


4.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
5.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
6.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
7.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
8.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
9.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
10.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer

ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member

[Signature page to the Tenth Supplemental Indenture – 2024 Notes]


KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By:
Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Tenth Supplemental Indenture – 2024 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President

[Signature page to the Tenth Supplemental Indenture – 2024 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President









[Signature page to the Tenth Supplemental Indenture – 2024 Notes]
Exhibit 4.9

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

ELEVENTH SUPPLEMENTAL INDENTURE
Dated as of May 22, 2018
to
Indenture
Dated as of June 4, 2014
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.500% Senior Subordinated Notes due 2024
of TransDigm Inc.


- 1 -    


This ELEVENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 22, 2018, is entered into by and among Extant Components Group Holdings, Inc., a Delaware corporation (“ Extant ”), Extant Components Group Intermediate, Inc., a Delaware corporation (“ Extant Intermediate ”), Symetrics Industrics, LLC, a Florida limited liability company (“ Symetrics Industries ”), Symetrics Technology Group, LLC, a Florida limited liability company (“ Symetrics Technology ”), TEAC Aerospace Holdings, Inc., a Delaware corporation (“ TEAC Holdings ”), and TEAC Aerospace Technologies, Inc., a Delaware corporation (collectively with Extant, Extant Intermediate, Symetrics Industries, Symetrics Technology and TEAC Holdings, the “ Guaranteeing Subsidiaries ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited

- 2 -    


liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”), Kirkhill, Inc., a Delaware corporation (“ Kirkhill ”), and TransDigm UK Holdings plc, a United Kingdom public limited company (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills, North Hills Overseas and Kirkhill, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 4, 2014 (as supplemented by the First Supplemental Indenture thereto, dated as of April 9, 2015, the Second Supplemental Indenture thereto, dated as of June 12, 2015, the Third Supplemental Indenture thereto, dated as of August 28, 2015, the Fourth Supplemental Indenture thereto, dated as of April 1, 2016, the Fifth Supplemental Indenture thereto, dated as of July 8, 2016, the Sixth Supplemental Indenture thereto, dated as of October 28, 2016, the Seventh Supplemental Indenture thereto, dated as of March 31, 2017, the Eighth Supplemental Indenture thereto, dated as of May 9, 2017, the Ninth Supplemental Indenture thereto, dated as of March 30, 2018, and the Tenth Supplemental Indenture thereto, dated as of May 8, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.500% Senior Subordinated Notes due 2024 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiaries have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Guaranteeing Subsidiaries covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . Each of the Guaranteeing Subsidiaries hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . Each of the Guaranteeing Subsidiaries agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.

- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiaries (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiaries or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
SYMETRICS INDUSTRIES, LLC
By:
Symetrics Technology Group, LLC, as its sole member
By:
Extant Components Group Intermediate, Inc., as its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
By:
Extant Components Group Intermediate, Inc., as its sole member
TEAC AEROSPACE HOLDINGS, INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.

[Signature page to the Eleventh Supplemental Indenture – 2024 Notes]


BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member
KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By:
Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer

[Signature page to the Eleventh Supplemental Indenture – 2024 Notes]






AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director



[Signature page to the Eleventh Supplemental Indenture – 2024 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President









[Signature page to the Eleventh Supplemental Indenture – 2024 Notes]
Exhibit 4.10

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

EIGHTH SUPPLEMENTAL INDENTURE
Dated as of March 30, 2018
to
Indenture
Dated as of May 14, 2015
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.500% Senior Subordinated Notes due 2025
of TransDigm Inc.


- 1 -    


This EIGHTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of March 30, 2018, is entered into by and among Kirkhill Inc., a Delaware corporation (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation

- 2 -    


(“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”) and North Hills Signal Processing Overseas Corp., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight and North Hills the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of May 14, 2015 (as supplemented by the First Supplemental Indenture thereto, dated as of June 12, 2015, the Second Supplemental Indenture thereto, dated as of August 28, 2015, the Third Supplemental Indenture thereto, dated as of April 1, 2016, the Fourth Supplemental Indenture thereto, dated as of July 8, 2016, the Fifth Supplemental Indenture thereto, dated as of October 28, 2016, as further supplemented by the Officers’ Certificate, dated as of March 1, 2017, the Sixth Supplemental Indenture, dated as of March 31, 2017, and the Seventh Supplemental Indenture, dated as of May 9, 2017, the “ Indenture ”), providing for the issuance by the Company of 6.500% Senior Subordinated Notes due 2025 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.

 

- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
KIRKHILL INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC

[Signature page to the Eighth Supplemental Indenture – 2025 Notes]


By:
Young & Franklin Inc., as its sole member
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By:
Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Eighth Supplemental Indenture – 2025 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President









[Signature page to the Eighth Supplemental Indenture – 2025 Notes]
Exhibit 4.11

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

NINTH SUPPLEMENTAL INDENTURE
Dated as of May 8, 2018
to
Indenture
Dated as of May 14, 2015
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.500% Senior Subordinated Notes due 2025
of TransDigm Inc.


- 1 -    


This NINTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 8, 2018, is entered into by and among TransDigm UK Holdings plc, a United Kingdom public limited company (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta

- 2 -    


LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”) and Kirkhill, Inc., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills and North Hills Overseas, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of May 14, 2015 (as supplemented by the First Supplemental Indenture thereto, dated as of June 12, 2015, the Second Supplemental Indenture thereto, dated as of August 28, 2015, the Third Supplemental Indenture thereto, dated as of April 1, 2016, the Fourth Supplemental Indenture thereto, dated as of July 8, 2016, the Fifth Supplemental Indenture thereto, dated as of October 28, 2016, as further supplemented by the Officers’ Certificate, dated as of March 1, 2017, the Sixth Supplemental Indenture thereto, dated as of March 31, 2017, the Seventh Supplemental Indenture thereto, dated as of May 9, 2017, and the Eighth Supplemental Indenture thereto, dated as of March 30, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.500% Senior Subordinated Notes due 2025 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Guaranteeing Subsidiary is a Foreign Restricted Subsidiary, as that term is defined in the Indenture;
WHEREAS , the Company desires to cause the Guaranteeing Subsidiary to provide a senior subordinated guarantee of payment of the Notes (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Sections 9.01(d) and (g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Company covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
AMENDMENT . The definition of “Guarantee” in Section 1.01 of the Indenture is hereby amended and restated in its entirety, as follows:
“‘ Guarantee ’ means (i) the guarantee of the Notes by Holdings and the Domestic Restricted Subsidiaries of the Company in accordance with the terms of this Indenture, (ii) the guarantee of the Notes by any Restricted Subsidiary required under the terms of Section 4.17 hereof and (iii) any guarantee by a Foreign Restricted Subsidiary that is provided at the sole discretion of the Company.”



- 4 -    


3.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
4.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
5.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
6.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
7.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
8.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
9.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
10.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer

ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member

[Signature page to the Ninth Supplemental Indenture – 2025 Notes]


KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By:
Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Ninth Supplemental Indenture – 2025 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


[Signature page to the Ninth Supplemental Indenture – 2025 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President









[Signature page to the Ninth Supplemental Indenture – 2025 Notes]
Exhibit 4.12

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

TENTH SUPPLEMENTAL INDENTURE
Dated as of May 22, 2018
to
Indenture
Dated as of May 14, 2015
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.500% Senior Subordinated Notes due 2025
of TransDigm Inc.


- 1 -    


This TENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 22, 2018, is entered into by and among Extant Components Group Holdings, Inc., a Delaware corporation (“ Extant ”), Extant Components Group Intermediate, Inc., a Delaware corporation (“ Extant Intermediate ”), Symetrics Industrics, LLC, a Florida limited liability company (“ Symetrics Industries ”), Symetrics Technology Group, LLC, a Florida limited liability company (“ Symetrics Technology ”), TEAC Aerospace Holdings, Inc., a Delaware corporation (“ TEAC Holdings ”), and TEAC Aerospace Technologies, Inc., a Delaware corporation (collectively with Extant, Extant Intermediate, Symetrics Industries, Symetrics Technology and TEAC Holdings, the “ Guaranteeing Subsidiaries ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited

- 2 -    


liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”), Kirkhill, Inc., a Delaware corporation (“ Kirkhill ”), and TransDigm UK Holdings plc, a United Kingdom public limited company (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills, North Hills Overseas and Kirkhill, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of May 14, 2015 (as supplemented by the First Supplemental Indenture thereto, dated as of June 12, 2015, the Second Supplemental Indenture thereto, dated as of August 28, 2015, the Third Supplemental Indenture thereto, dated as of April 1, 2016, the Fourth Supplemental Indenture thereto, dated as of July 8, 2016, the Fifth Supplemental Indenture thereto, dated as of October 28, 2016, as further supplemented by the Officers’ Certificate, dated as of March 1, 2017, the Sixth Supplemental Indenture thereto, dated as of March 31, 2017, the Seventh Supplemental Indenture thereto, dated as of May 9, 2017, the Eighth Supplemental Indenture thereto, dated as of March 30, 2018, and the Ninth Supplemental Indenture thereto, dated as of May 8, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.500% Senior Subordinated Notes due 2025 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiaries have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Guaranteeing Subsidiaries covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . Each of the Guaranteeing Subsidiaries hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . Each of the Guaranteeing Subsidiaries agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.

- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiaries (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiaries or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
SYMETRICS INDUSTRIES, LLC
By:
Symetrics Technology Group, LLC, as its sole member
By:
Extant Components Group Intermediate, Inc., as its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
By:
Extant Components Group Intermediate, Inc., as its sole member
TEAC AEROSPACE HOLDINGS, INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.

[Signature page to the Tenth Supplemental Indenture – 2025 Notes]


BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member
KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By:
Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer

[Signature page to the Tenth Supplemental Indenture – 2025 Notes]






AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director



[Signature page to the Tenth Supplemental Indenture – 2025 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President









[Signature page to the Tenth Supplemental Indenture – 2025 Notes]
Exhibit 4.13

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

FIFTH SUPPLEMENTAL INDENTURE
Dated as of March 30, 2018
to
Indenture
Dated as of June 9, 2016
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.375% Senior Subordinated Notes due 2026
of TransDigm Inc.


- 1 -    


This FIFTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of March 30, 2018, is entered into by and among Kirkhill Inc., a Delaware corporation (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation

- 2 -    


(“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”) and North Hills Signal Processing Overseas Corp., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight and North Hills the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 9, 2016 (as supplemented by the First Supplemental Indenture thereto, dated as of July 8, 2016, the Second Supplemental Indenture thereto, dated as of October 28, 2016, the Third Supplemental Indenture thereto, dated as of March 31, 2017, and the Fourth Supplemental Indenture thereto, dated as of May 9, 2017, the “ Indenture ”), providing for the issuance by the Company of 6.375% Senior Subordinated Notes due 2026 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

- 4 -    


6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
KIRKHILL INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC

[Signature page to the Fifth Supplemental Indenture – 2026 Notes]


By:
Young & Franklin Inc., as its sole member
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer





[Signature page to the Fifth Supplemental Indenture – 2026 Notes]


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President








[Signature page to the Fifth Supplemental Indenture – 2026 Notes]
Exhibit 4.14

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

SIXTH SUPPLEMENTAL INDENTURE
Dated as of May 8, 2018
to
Indenture
Dated as of June 9, 2016
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.375% Senior Subordinated Notes due 2026
of TransDigm Inc.


- 1 -    


This SIXTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 8, 2018, is entered into by and among TransDigm UK Holdings plc, a United Kingdom public limited company (the “ Guaranteeing Subsidiary ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta

- 2 -    


LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”) and Kirkhill, Inc., a Delaware corporation (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills and North Hills Overseas, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 9, 2016 (as supplemented by the First Supplemental Indenture thereto, dated as of July 8, 2016, the Second Supplemental Indenture thereto, dated as of October 28, 2016, the Third Supplemental Indenture thereto, dated as of March 31, 2017, the Fourth Supplemental Indenture thereto, dated as of May 9, 2017, and the Fifth Supplemental Indenture thereto, dated as of March 30, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.375% Senior Subordinated Notes due 2026 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Guaranteeing Subsidiary is a Foreign Restricted Subsidiary, as that term is defined in the Indenture;
WHEREAS , the Company desires to cause the Guaranteeing Subsidiary to provide a senior subordinated guarantee of payment of the Notes (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiary have been done; and
WHEREAS , pursuant to Sections 9.01(d) and (g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Company covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
AMENDMENT . The definition of “Guarantee” in Section 1.01 of the Indenture is hereby amended and restated in its entirety, as follows:
“‘ Guarantee ’ means (i) the guarantee of the Notes by Holdings and the Domestic Restricted Subsidiaries of the Company in accordance with the terms of this Indenture, (ii) the guarantee of the Notes by any Restricted Subsidiary required under the terms of Section 4.17 hereof and (iii) any guarantee by a Foreign Restricted Subsidiary that is provided at the sole discretion of the Company.”
3.
GUARANTEE, ETC . The Guaranteeing Subsidiary hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
4.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

- 4 -    


5.
EXECUTION AND DELIVERY . The Guaranteeing Subsidiary agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
6.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
7.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
8.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
9.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
10.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer

ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member

[Signature page to the Sixth Supplemental Indenture – 2026 Notes]


KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer




BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    

[Signature page to the Sixth Supplemental Indenture – 2026 Notes]


Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


[Signature page to the Sixth Supplemental Indenture – 2026 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President








[Signature page to the Sixth Supplemental Indenture – 2026 Notes]
Exhibit 4.15

TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

SEVENTH SUPPLEMENTAL INDENTURE
Dated as of May 22, 2018
to
Indenture
Dated as of June 9, 2016
by and among
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.375% Senior Subordinated Notes due 2026
of TransDigm Inc.


- 1 -    


This SEVENTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 22, 2018, is entered into by and among Extant Components Group Holdings, Inc., a Delaware corporation (“ Extant ”), Extant Components Group Intermediate, Inc., a Delaware corporation (“ Extant Intermediate ”), Symetrics Industrics, LLC, a Florida limited liability company (“ Symetrics Industries ”), Symetrics Technology Group, LLC, a Florida limited liability company (“ Symetrics Technology ”), TEAC Aerospace Holdings, Inc., a Delaware corporation (“ TEAC Holdings ”), and TEAC Aerospace Technologies, Inc., a Delaware corporation (collectively with Extant, Extant Intermediate, Symetrics Industries, Symetrics Technology and TEAC Holdings, the “ Guaranteeing Subsidiaries ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited

- 2 -    


liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”), Kirkhill, Inc., a Delaware corporation (“ Kirkhill ”), and TransDigm UK Holdings plc, a United Kingdom public limited company (collectively with TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills, North Hills Overseas and Kirkhill, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Company and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of June 9, 2016 (as supplemented by the First Supplemental Indenture thereto, dated as of July 8, 2016, the Second Supplemental Indenture thereto, dated as of October 28, 2016, the Third Supplemental Indenture thereto, dated as of March 31, 2017, the Fourth Supplemental Indenture thereto, dated as of May 9, 2017, the Fifth Supplemental Indenture thereto, dated March 30, 2018, and the Sixth Supplemental Indenture thereto, dated as of May 8, 2018, the “ Indenture ”), providing for the issuance by the Company of 6.375% Senior Subordinated Notes due 2026 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, the Existing Guarantors and the Guaranteeing Subsidiaries have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Guaranteeing Subsidiaries covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . Each of the Guaranteeing Subsidiaries hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . Each of the Guaranteeing Subsidiaries agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.


- 4 -    


5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiaries (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiaries or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries, the Existing Guarantors and the Company.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
SYMETRICS INDUSTRIES, LLC
By:
Symetrics Technology Group, LLC, as its sole member
By:
Extant Components Group Intermediate, Inc., as its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
By:
Extant Components Group Intermediate, Inc., as its sole member
TEAC AEROSPACE HOLDINGS, INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.

[Signature page to the Seventh Supplemental Indenture – 2026 Notes]


BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member
KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer

AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer

[Signature page to the Seventh Supplemental Indenture – 2026 Notes]






AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President


TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director



[Signature page to the Seventh Supplemental Indenture – 2026 Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch     
Name:
Lawrence M. Kusch
Title:
Vice President








[Signature page to the Seventh Supplemental Indenture – 2026 Notes]
Exhibit 4.17

TRANSDIGM UK HOLDINGS PLC,
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED HEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

FIRST SUPPLEMENTAL INDENTURE
Dated as of May 22, 2018
to
Indenture
Dated as of May 8, 2018
by and among
TRANSDIGM UK HOLDINGS PLC,
TRANSDIGM INC.,
TRANSDIGM GROUP INCORPORATED,
THE GUARANTORS NAMED THEREIN,
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee

6.875% Senior Subordinated Notes due 2026
of TransDigm UK Holdings plc


- 1 -    


This FIRST SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of May 22, 2018, is entered into by and among Extant Components Group Holdings, Inc., a Delaware corporation (“ Extant ”), Extant Components Group Intermediate, Inc., a Delaware corporation (“ Extant Intermediate ”), Symetrics Industrics, LLC, a Florida limited liability company (“ Symetrics Industries ”), Symetrics Technology Group, LLC, a Florida limited liability company (“ Symetrics Technology ”), TEAC Aerospace Holdings, Inc., a Delaware corporation (“ TEAC Holdings ”), and TEAC Aerospace Technologies, Inc., a Delaware corporation (collectively with Extant, Extant Intermediate, Symetrics Industries, Symetrics Technology and TEAC Holdings, the “ Guaranteeing Subsidiaries ”), TransDigm UK Holdings plc, a United Kingdom public limited company (the “ Issuer ”), TransDigm Inc., a Delaware corporation (the “ Company ”), TransDigm Group Incorporated, a Delaware corporation (“ TD Group ”), Adams Rite Aerospace, Inc., a California corporation (“ Adams Rite ”), MarathonNorco Aerospace, Inc., a Delaware corporation (“ Marathon ”), Champion Aerospace LLC, a Delaware limited liability company (“ Champion ”), Avionic Instruments LLC, a Delaware limited liability company (“ Avionic ”), Skurka Aerospace Inc., a Delaware corporation (“ Skurka ”), CDA InterCorp LLC, a Florida limited liability company (“ CDA ”), Aviation Technologies, Inc., a Delaware corporation (“ ATI ”), AvtechTyee, Inc., a Washington corporation (“ Avtech ”), Transicoil LLC, a Delaware limited liability company (“ Transicoil ”), AeroControlex Group, Inc., a Delaware corporation (“ AeroControlex ”), Bruce Aerospace Inc., a Delaware corporation (“ Bruce Aerospace ”), CEF Industries, LLC, a Delaware limited liability company (“ CEF ”), Acme Aerospace, Inc., a Delaware corporation (“ Acme ”), Dukes Aerospace, Inc., a Delaware corporation (“ Dukes ”), Semco Instruments, Inc., a Delaware corporation, (“ Semco ”), Hartwell Corporation, a California corporation (“ Hartwell ”), McKechnie Aerospace DE, Inc., a Delaware corporation (“ McKechnie Aerospace DE ”), McKechnie Aerospace Holdings, Inc., a Delaware corporation (“ McKechnie Aerospace Holdings ”), McKechnie Aerospace US LLC, a Delaware limited liability company (“ McKechnie Aerospace US ”), Texas Rotronics, Inc., a Texas corporation (“ Rotronics ”), Electromech Technologies LLC (formerly Western Sky Industries, LLC), a Delaware limited liability company (“ Electromech ”), Schneller LLC, a Delaware limited liability company (“ Schneller ”), HARCO LLC (formerly Harco Laboratories, Incorporated), a Connecticut limited liability company (“ HARCO ”), AmSafe Global Holdings, Inc., a Delaware corporation (“ AmSafe Global ”), Bridport Holdings, Inc., a Delaware corporation (“ Bridport Holdings ”), AmSafe, Inc., a Delaware corporation (“ AmSafe Inc. ”), Shield Restraint Systems, Inc. (formerly AmSafe Commercial Products, Inc.), a Delaware corporation (“ Shield ”), Bridport-Air Carrier, Inc., a Washington corporation (“ Bridport-Air ”), Bridport Erie Aviation, Inc., a Delaware corporation (“ Bridport Erie ”), Arkwin Industries, Inc., a New York corporation (“ Arkwin ”), Whippany Actuation Systems, LLC, a Delaware limited liability company (“ Whippany ”), Aerosonic LLC, a Delaware limited liability company (“ Aerosonic ”), Avionics Specialties, Inc., a Virginia corporation (“ Avionics Specialties ”), Airborne Global, Inc., a Delaware corporation (“ Airborne Global ”), Airborne Holdings, Inc., a Delaware Corporation (“ Airborne Holdings ”), Airborne Acquisition, Inc., a Delaware corporation (“ Airborne Acquisitions ”), Airborne Systems NA Inc., a Delaware corporation (“ Airborne Systems NA ”), Airborne Systems North America Inc., a Delaware corporation (“ Airborne Systems North America ”), Airborne Systems North America of CA Inc., a Delaware corporation (“ Airborne Systems North America CA ”), Airborne Systems North America of NJ Inc., a New Jersey corporation (“ Airborne Systems North America NJ ”), Telair US LLC, a

- 2 -    


Delaware limited liability company (“ Telair US ”), Telair International LLC, a Delaware limited liability company (“ Telair International ”), Pexco Aerospace, Inc., a Delaware corporation (“ Pexco Aerospace ”), PneuDraulics, Inc., a California corporation (“ PneuDraulics ”), Breeze-Eastern LLC, a Delaware limited liability company (“ Breeze-Eastern ”), ILC Holdings, Inc., a Delaware corporation (“ ILC Holdings ”), Data Device Corporation, a Delaware corporation (“ DDC ”), Beta Transformer Technology Corporation, a New York corporation (“ Beta Corporation ”), Beta Transformer Technology LLC, a Delaware limited liability company (“ Beta LLC ”), Young & Franklin Inc., a New York corporation (“ Young & Franklin ”), Tactair Fluid Controls, Inc., a New York corporation (“ Tactair ”), Johnson Liverpool LLC, a Delaware limited liability company (“ Johnson Liverpool ”), Interiors In Flight LLC, a Delaware limited liability company (“ Interiors In Flight ”), North Hills Signal Processing Corp., a Delaware corporation (“ North Hills ”), North Hills Signal Processing Overseas Corp., a Delaware corporation (“ North Hills Overseas ”), and Kirkhill, Inc., a Delaware corporation (collectively with the Company, TD Group, Adams Rite, Marathon, Champion, Avionic, Skurka, CDA, ATI, Avtech, Transicoil, AeroControlex, Bruce Aerospace, CEF, Acme, Dukes, Semco, Hartwell, McKechnie Aerospace DE, McKechnie Aerospace Holdings, McKechnie Aerospace US, Rotronics, Electromech, Schneller, HARCO, AmSafe Global, Bridport Holdings, AmSafe Inc., Shield, Bridport-Air, Bridport Erie, Arkwin, Whippany, Aerosonic, Avionics Specialties, Airborne Global, Airborne Holdings, Airborne Acquisitions, Airborne Systems NA, Airborne Systems North America, Airborne Systems North America CA, Airborne Systems North America NJ, Telair US, Telair International, Pexco Aerospace, PneuDraulics, Breeze-Eastern, ILC Holdings, DDC, Beta Corporation, Beta LLC, Young & Franklin, Tactair, Johnson Liverpool, Interiors In Flight, North Hills and North Hills Overseas, the “ Existing Guarantors ”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Trustee ”) under the Indenture referred to below.

- 3 -    


WITNESSETH:
WHEREAS , the Issuer and the Existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of May 8, 2018 (the “ Indenture ”), providing for the issuance by the Issuer of 6.875% Senior Subordinated Notes due 2026 (the “ Notes ”) and the guarantees thereof by each of the Existing Guarantors;
WHEREAS , the Indenture provides that under certain circumstances described therein, newly created or acquired Domestic Restricted Subsidiaries shall execute and deliver to the Trustee a supplemental indenture to the Indenture providing for a senior subordinated guarantee of payment of the Notes by such Domestic Restricted Subsidiary (the “ Guarantee ”);
WHEREAS , all things necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Issuer, the Existing Guarantors and the Guaranteeing Subsidiaries have been done; and
WHEREAS , pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of the Holders of the Notes.
NOW, THEREFORE , in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Guaranteeing Subsidiaries covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows:
1.
CAPITALIZED TERMS . Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.
GUARANTEE, ETC . Each of the Guaranteeing Subsidiaries hereby agrees that from and after the date hereof it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all of the rights and subject to all the obligations of a Guarantor thereunder.
3.
RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE . The Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
4.
EXECUTION AND DELIVERY . Each of the Guaranteeing Subsidiaries agrees that the Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee.
5.
NO RECOURSE AGAINST OTHERS . No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiaries (or any successor entity) (other than the Issuer or the Existing Guarantors), as such, shall have any liability for any obligations of the Issuer, the Company, TD Group, the Guaranteeing Subsidiaries or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

- 4 -    


6.
NEW YORK LAW TO GOVERN . THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEE GRANTED HEREUNDER WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
7.
COUNTERPART ORIGINALS . The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
8.
EFFECT OF HEADINGS . The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
9.
THE TRUSTEE . The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries, the Existing Guarantors and the Issuer.
[Signature page follows.]

- 5 -    



IN WITNESS WHEREOF , the parties hereto have caused this Supplemental Indenture to be duly executed as of the date hereof.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
SYMETRICS INDUSTRIES, LLC
By:
Symetrics Technology Group, LLC, as its sole member
By:
Extant Components Group Intermediate, Inc., as its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
By:
Extant Components Group Intermediate, Inc., as its sole member
TEAC AEROSPACE HOLDINGS, INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


TRANSDIGM UK HOLDINGS PLC
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Director


TRANSDIGM INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer


TRANSDIGM GROUP INCORPORATED
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title
Executive Vice President and Interim Chief Financial Officer



[Signature page to the First Supplemental Indenture – TD UK Notes]



ACME AEROSPACE, INC.
ADAMS RITE AEROSPACE, INC.
AEROCONTROLEX GROUP, INC.
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AIRBORNE SYSTEMS NA INC.
AIRBORNE SYSTEMS NORTH AMERICA INC.
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
ARKWIN INDUSTRIES, INC.
AVIATION TECHNOLOGIES, INC.
AVIONICS SPECIALTIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
By:
Beta Transformer Technology Corporation, as its sole member
BRIDPORT HOLDINGS, INC.
BRIDPORT-AIR CARRIER, INC.
BRUCE AEROSPACE INC.
DATA DEVICE CORPORATION
DUKES AEROSPACE, INC.
ELECTROMECH TECHNOLOGIES LLC
By: McKechnie Aerospace US LLC, as its sole member
By:
McKechnie Aerospace DE, Inc., as its sole member
HARTWELL CORPORATION
ILC HOLDINGS, INC.
JOHNSON LIVERPOOL LLC
By:
Young & Franklin Inc., as its sole member
KIRKHILL INC.
MARATHONNORCO AEROSPACE, INC.
MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
MCKECHNIE AEROSPACE US LLC
By:
McKechnie Aerospace DE, Inc., as its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
TACTAIR FLUID CONTROLS, INC.
TEXAS ROTRONICS, INC.
TRANSICOIL LLC
By:
Aviation Technologies, Inc., as its sole member
YOUNG & FRANKLIN INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Treasurer


[Signature page to the First Supplemental Indenture – TD UK Notes]


AEROSONIC LLC
AVIONIC INSTRUMENTS LLC
BREEZE-EASTERN LLC
CDA INTERCORP LLC
CEF INDUSTRIES, LLC
CHAMPION AEROSPACE LLC
HARCO LLC
INTERIORS IN FLIGHT LLC
SCHNELLER LLC
TELAIR US LLC
TELAIR INTERNATIONAL LLC
By: Telair US LLC, as its sole member
WHIPPANY ACTUATION SYSTEMS, LLC
Each By:
TransDigm Inc., as its sole member
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Executive Vice President and Interim Chief Financial Officer


AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
By:     /s/ James L. Skulina    
Name:
James L. Skulina
Title:
Chairman of the Board and Chief Executive Officer


BRIDPORT ERIE AVIATION, INC.
By:     /s/ Jonathan D. Crandall    
Name:
Jonathan D. Crandall
Title:
Chairman of the Board and President





[Signature page to the First Supplemental Indenture – TD UK Notes]



THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE
By:     /s/ Lawrence M. Kusch    
Name:
Lawrence M. Kusch
Title:
Vice President








[Signature page to the First Supplemental Indenture – TD UK Notes]
Exhibit 10.4

EXECUTION VERSION

TENTH AMENDMENT TO THE
RECEIVABLES PURCHASE AGREEMENT
This TENTH AMENDMENT TO THE RECEIVABLES PURCHASE AGREEMENT (this “ Amendment ”), dated as of July 31, 2018, is entered into by and among the following parties:
(i)
TRANSDIGM RECEIVABLES LLC, a Delaware limited liability company, as Seller;
(ii)
TRANSDIGM, INC., a Delaware corporation, as Servicer;
(iii)
PNC BANK, NATIONAL ASSOCIATION, as a Committed Purchaser, as Purchaser Agent for its Purchaser Group and as Administrator (“ PNC ”);
(iv)
ATLANTIC ASSET SECURITIZATION LLC (“ Atlantic ”), as a Conduit Purchaser;
(v)
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK (“ CACIB ”), as a Committed Purchaser and as Purchaser Agent for its and Atlantic’s Purchaser Group; and
(vi)
FIFTH THIRD BANK (“ Fifth Third ”), as a Committed Purchaser and as Purchaser Agent for its Purchaser Group.
Capitalized terms used but not otherwise defined herein (including such terms used above) have the respective meanings assigned thereto in the Receivables Purchase Agreement described below.
BACKGROUND
A.    The parties hereto and PNC Capital Markets LLC, as structuring agent, have entered into a Receivables Purchase Agreement, dated as of October 21, 2013 (as amended, restated, supplemented or otherwise modified through the date hereof, the “ Receivables Purchase Agreement ”).
B.    Concurrently herewith, the parties hereto are entering into that certain Amended and Restated Fee Letter in connection herewith (the “ Amended Fee Letter” ).
C.     The parties hereto desire to amend the Receivables Purchase Agreement as set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.      Non Ratable Loan . Notwithstanding the requirements set forth in Sections 1.1 and 1.2, the Seller hereby requests on a one-time basis that in connection with this Amendment, each Purchaser and each Purchaser Agent, as applicable, makes a non-ratable purchase on the date hereof in the applicable amount set forth on Exhibit B hereto. For administrative convenience, the

729328094 13429494


Seller hereby requests that each Purchaser and each Purchaser Agent, as applicable, fund the purchase requested hereto to the applicable account(s) set forth on Exhibit B hereto.
SECTION 2.      Amendments to the Receivables Purchase Agreement . The Receivables Purchase Agreement is hereby amended to incorporate the changes shown on the marked pages of the Receivables Purchase Agreement attached hereto as Exhibit A .
SECTION 3.      Representations and Warranties of the Seller and Servicer . Each of the Seller and the Servicer hereby represents and warrants, as to itself, to the Administrator, each Purchaser and each Purchaser Agent, as follows:
(a)      Representations and Warranties . Immediately after giving effect to this Amendment, the representations and warranties made by such Person in the Transaction Documents to which it is a party are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier date).
(b)      Enforceability . This Amendment and each other Transaction Document to which it is a party, as amended hereby, constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with its respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity, regardless of whether enforceability is considered in a proceeding in equity or at law.
(c)      No Termination Event . No event has occurred and is continuing, or would result from the transactions contemplated hereby, that constitutes a Purchase and Sale Termination Event, an Unmatured Purchase and Sale Termination Event, a Termination Event or an Unmatured Termination Event.
SECTION 4.      Effect of Amendment . All provisions of the Receivables Purchase Agreement and the other Transaction Documents, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Receivables Purchase Agreement (or in any other Transaction Document) to “this Receivables Purchase Agreement”, “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Receivables Purchase Agreement shall be deemed to be references to the Receivables Purchase Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Receivables Purchase Agreement other than as set forth herein.
SECTION 5.      Effectiveness . This Amendment shall become effective as of the date hereof upon the satisfaction of the following conditions precedent:
(a)      The Administrator shall have received counterparts of this Amendment, duly executed by each of the parties hereto.
(b)      The Administrator shall have received counterparts of the Amended Fee Letter duly executed by each of the parties thereto.

2
729328094 13429494


(c)      The Administrator shall have received confirmation that the “Closing Fees” set forth in the Amended Fee Letter have been paid in accordance with the terms thereof.
(d)      The Administrator shall have received a favorable opinion, addressed to the Administrator, each Purchaser and each Purchaser Agent, in form and substance satisfactory to the Administrator and each Purchaser Agent, covering such matters as the Administrator or any Purchaser Agent may reasonably request, including, without limitation, enforceability and “no conflicts” matters.
(e)      The Administrator shall have received such other agreements, documents, certificates, instruments and opinions as the Administrative Agent may reasonably request prior to the date hereof.
SECTION 6.      Counterparts . This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or e-mail transmission shall be effective as delivery of a manually executed counterpart hereof.
SECTION 7.      GOVERNING LAW . THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).
SECTION 8.      Section Headings . The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Receivables Purchase Agreement or any provision hereof or thereof.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


3
729328094 13429494


IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their duly authorized officers as of the date first above written.
TRANSDIGM RECEIVABLES LLC ,
as Seller



By:
/s/ Halle F. Terrion    
Name: Halle F. Terrio n     
Title: Secretary    

TRANSDIGM, INC .,
as Initial Servicer



By:
/s/ Halle F. Terrion    
Name:
Halle F. Terrion    
Title: Secretary    



729328094 13429494      S- 1     Tenth Amendment to the
Receivables Purchase Agreement



PNC BANK, NATIONAL ASSOCIATION ,
as a Committed Purchaser, as a Purchaser Agent and as Administrator


By: /s/ Michael Brown_______________________
Name: Michael Brown
Title: Senior Vice President

729328094 13429494      S- 2     Tenth Amendment to the
Receivables Purchase Agreement




ATLANTIC ASSET SECURITIZATION LLC ,
as a Conduit Purchaser


By: /s/ Sam Pilcer_____________________
Name: Sam Pilcer    
Title: Managing Director
By: /s/ Kostantina Kourmpetis____________
Name: Kostantina Kourmpetis    
Title: Managing Director


729328094 13429494      S- 3     Tenth Amendment to the
Receivables Purchase Agreement




CREDIT AGRICOLE CORPORATE AND INVESTMENT BAN K,
as a Committed Purchaser and as Purchaser Agent for its and Atlantic Asset Securitization LLC’s Purchaser Group



By: /s/ Sam Pilcer_____________________
Name: Sam Pilcer    
Title: Managing Director
By: /s/ Kostantina Kourmpetis____________
Name: Kostantina Kourmpetis    
Title: Managing Director



729328094 13429494      S- 4     Tenth Amendment to the
Receivables Purchase Agreement



FIFTH THIRD BAN K,
as a Committed Purchaser and as Purchaser Agent for its Purchaser Group


By: /s/ Patrick Berning____________________
Name:    Patrick Berning
Title: Principal


729328094 13429494      S-5     Tenth Amendment to the
Receivables Purchase Agreement



Exhibit A
[See Attached]


729328094 13429494      Exhibit A     Tenth Amendment to the
Receivables Purchase Agreement



Exhibit B
Funds Flow Memorandum
[See Attached]

729328094 13429494      Exhibit B     Tenth Amendment to the
Receivables Purchase Agreement



Exhibit 31.1
CERTIFICATION
I, Kevin Stein, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of TransDigm Group Incorporated;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s third fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors:

(a)
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: August 8, 2018

/s/ Kevin Stein
Name: Kevin Stein
Title: President and Chief Executive Officer
(Principal Executive Officer)




Exhibit 31.2
CERTIFICATION
I, Michael Lisman, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of TransDigm Group Incorporated;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s third fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors:

(a)
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: August 8, 2018
 
/s/ Michael Lisman
Name: Michael Lisman
Title: Chief Financial Officer
(Principal Financial Officer)




Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report on Form 10-Q of TransDigm Group Incorporated (the “Company”) for the period ended June 30, 2018 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kevin Stein, President and Chief Executive Officer (Principal Executive Officer), certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:
1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and
2.
The information contained in the Report fairly presents in all material respects, the financial condition of the Company as of the dates indicated and results of operations of the Company for the periods indicated.

Date: August 8, 2018
 
/s/ Kevin Stein
Name: Kevin Stein
Title: President and Chief Executive Officer
(Principal Executive Officer)




Exhibit 32.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report on Form 10-Q of TransDigm Group Incorporated (the “Company”) for the period ended June 30, 2018 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael Lisman, Chief Financial Officer (Principal Financial Officer) certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:
1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and
2.
The information contained in the Report fairly presents in all material respects, the financial condition of the Company as of the dates indicated and results of operations of the Company for the periods indicated.

Date: August 8, 2018
 
/s/ Michael Lisman
Name: Michael Lisman
Title: Chief Financial Officer
(Principal Financial Officer)