{"slug":"transdigm-group","name":"트랜스다임 그룹","name_en":"TransDigm Group Incorporated","ticker":"TDG","updated_at":"2026-09-11T20:21:24.727118+00:00","canonical":"https://valuechain.wiki/transdigm-group","citable":"밸류체인 그래프 기준 트랜스다임 그룹의 직접 연결 기업은 4곳(관계 기준 공급 2·매출 2)이고, 사슬을 2차까지 넓히면 11곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-09-11 기준).","citable_en":"Per the valuechain.wiki graph, TransDigm Group Incorporated is directly linked to 4 companies (2 supply, 2 revenue relationships) and reaches 11 companies within two hops; the links are backed by 5 dated sources, 3 of them primary filings (as of 2026-09-11).","kicker":"항공 핵심부품 집합체","kicker_en":"Proprietary aerospace components","lead":"트랜스다임은 항공기의 전력·제어 및 기체용 핵심 부품을 OEM과 운항 후 교체 시장에 판매한다. 보잉과 에어버스 생산량, 항공기 운항시간, 방위 지출이 수요를 좌우하며, 제조 투입 외에도 대규모 차입 관련 금융 서비스와 항공부품 기업 인수에 자금을 쓴다.","lead_en":"TransDigm sells critical power, control and airframe components into aircraft OEM and aftermarket channels. Demand follows Boeing and Airbus production, aircraft utilization and defense spending, while cash outflows also include financing services for its leveraged capital structure and acquisitions of aerospace component businesses.","categories":[{"key":"aircraft-engines-components","ko":"항공엔진·핵심부품","en":"Aircraft Engines & Components","theme":"aerospace","theme_ko":"항공","theme_en":"Aerospace","theme_kind":"chain","primary":true}],"segments":{"parts":[{"name":"전력·제어","note":"FY2025 매출 45억5900만 달러, 총매출의 51.6%"},{"name":"기체","note":"FY2025 매출 41억1200만 달러, 총매출의 46.6%"},{"name":"비항공","note":"FY2025 매출 1억6000만 달러"}],"total":"FY2025 총매출 88억3100만 달러 (회계연도 종료 2025-09-30)","track":"C"},"segments_en":{"parts":[{"name":"Power & Control","note":"FY2025 revenue of $4.559 billion, 51.6% of total sales"},{"name":"Airframe","note":"FY2025 revenue of $4.112 billion, 46.6% of total sales"},{"name":"Non-aviation","note":"FY2025 revenue of $160 million"}],"total":"FY2025 total revenue of $8.831 billion (fiscal year ended 2025-09-30)"},"returns_yearly":{"2021":2.8,"2022":1.8,"2023":66.6,"2024":32.3,"2025":12.2,"2026":-16.7},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"w-w-grainger","name":"W. W. 그레인저","name_en":"W. W. Grainger","tier":3,"returns_yearly":{"2021":28.8,"2022":8.7,"2023":50.5,"2024":28.2,"2025":-3.4,"2026":32}},{"slug":"williams-sonoma","name":"윌리엄스 소노마","name_en":"Williams-Sonoma, Inc.","tier":3,"returns_yearly":{"2021":68.6,"2022":-30.5,"2023":80.2,"2024":86.6,"2025":-2.1,"2026":28.7}},{"slug":"delta-air-lines","name":"델타항공","name_en":"Delta Air Lines","tier":3,"returns_yearly":{"2021":-2.8,"2022":-15.9,"2023":23,"2024":52,"2025":16.1,"2026":19.3}},{"slug":"jpmorgan-chase","name":"JPMorgan Chase","name_en":"JPMorgan Chase","tier":3,"returns_yearly":{"2021":27.7,"2022":-12.6,"2023":30.6,"2024":44.3,"2025":37.3,"2026":12.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"autozone","name":"오토존","name_en":"AutoZone","tier":3,"returns_yearly":{"2021":76.8,"2022":17.6,"2023":4.8,"2024":23.8,"2025":5.9,"2026":-12}},{"slug":"viasat","name":"바이어샛","name_en":"Viasat","tier":2,"returns_yearly":{"2021":36.4,"2022":-28.9,"2023":-11.7,"2024":-69.6,"2025":304.9,"2026":109}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":2,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":2,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"voyager-technologies","name":"보이저 테크놀로지스","name_en":"Voyager Technologies","tier":2,"returns_yearly":{"2026":4.3}},{"slug":"united-airlines-holdings","name":"유나이티드항공","name_en":"United Airlines Holdings, Inc.","tier":2,"returns_yearly":{"2021":1.2,"2022":-13.9,"2023":9.4,"2024":135.3,"2025":15.2,"2026":-3.9}},{"slug":"eutelsat","name":"유텔샛","name_en":"Eutelsat Group","tier":2,"returns_yearly":{"2021":17.8,"2022":-30.7,"2023":-51.8,"2024":-48.9,"2025":32.1,"2026":-21.7}},{"slug":"ses","name":"SES","name_en":"SES S.A.","tier":2,"returns_yearly":{"2021":2.8,"2022":10.6,"2023":-13,"2024":-36,"2025":141.5,"2026":-43.7}},{"slug":"airbus","name":"에어버스","name_en":"Airbus","tier":1,"returns_yearly":{"2021":34.8,"2022":3.9,"2023":30.5,"2024":15,"2025":18.3,"2026":4.8}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":1,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":-2.2}}],"benefiting":[{"slug":"bny-mellon","name":"BNY 멜론","name_en":"BNY Mellon","tier":1,"returns_yearly":{"2021":40.6,"2022":-19.1,"2023":18.5,"2024":51.9,"2025":54.4,"2026":24.6}},{"slug":"goldman-sachs","name":"골드만삭스","name_en":"Goldman Sachs","tier":1,"returns_yearly":{"2021":47.6,"2022":-7.9,"2023":15.9,"2024":52,"2025":56.6,"2026":19.9}}],"analysis":"항공 핵심부품 집합체. 2026년 -12.6%다. 본주(-12.6%)와 수요단(평균 +1.3%)이 같은 보폭으로 움직인다. 연결 노드 중 가장 앞선 곳은 에어버스(+4.8%), 가장 처진 곳은 보잉(-2.2%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"TransDigm Group Incorporated operates across Proprietary aerospace components. It is -12.6% in 2026. The stock (-12.6%) and its demand side (avg +1.3%) are moving in step. Among connected nodes the furthest ahead is Airbus (+4.8%) and the furthest behind is Boeing (-2.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Demand follows Boeing and Airbus production, aircraft utilization and defense spending, while cash outflows also include financing services for its leveraged capital structure and acquisitions of aerospace component businesses.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Servotronics","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-11-12","basis":"Servotronics 총 현금 인수가","value":133000000,"period":"acquisition completed 2025-07-01","basis_en":"Total cash purchase price for Servotronics","qualifier":null},"note":"트랜스다임은 2025년 7월 1일 Servotronics 인수를 완료해 완전자회사로 편입했다. 최종 현금 인수가는 약 1억3300만 달러였고 사업 실적은 전력·제어 부문에 포함된다.","note_en":"TransDigm completed its acquisition of Servotronics on July 1, 2025, making it a wholly owned subsidiary. The final cash purchase price was approximately $133 million, and the business is reported in Power & Control.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2025-11-12","url":"https://www.sec.gov/Archives/edgar/data/1260221/000126022125000081/tdg-20250930.htm","title":"트랜스다임 그룹 2025 회계연도 10-K","title_en":"TransDigm Group Incorporated FY2025 Form 10-K","excerpt":"최종 현금 인수가는 약 1억3300만 달러였다.","excerpt_en":"total purchase price was approximately $133 million in cash"},{"stance":"mentions","publisher":"인베스팅닷컴 코리아","publisher_en":"Investing.com Korea","kind":"news","lang":"ko","published_at":"2025-05-19","url":"https://kr.investing.com/news/stock-market-news/article-93CH-1484544","title":"트랜스다임, 서보트로닉스를 274% 프리미엄에 인수","title_en":"TransDigm to Acquire Servotronics at a 274% Premium","excerpt":"TransDigm은 Servotronics의 모든 발행 주식을 주당 38.50달러의 현금으로 매수하기 위한 공개 매수를 시작합니다.","excerpt_en":"TransDigm will launch a cash tender offer for all outstanding Servotronics shares at $38.50 per share."}]},{"direction":"cost","counterparty":"골드만삭스","counterparty_slug":"goldman-sachs","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-08-19","basis":"25억 달러 단독 대출 약정에 적용된 0.25% 선취수수료","value":6250000,"period":"2025 Tranche M term loan closing","basis_en":"Upfront fee of 0.25% on Goldman's sole $2.5 billion term-loan commitment","qualifier":"calculated_from_filing"},"note":"골드만삭스 뱅크 USA는 2025년 8월 트랜스다임의 25억 달러 Tranche M 대출에서 단독 대주이자 행정·담보 대리인을 맡았다. 계약상 선취수수료는 원금의 0.25%로, 공시 수치를 계산하면 625만 달러다.","note_en":"Goldman Sachs Bank USA was the sole lender and the administrative and collateral agent for TransDigm's $2.5 billion Tranche M term loan in August 2025. The filing sets an upfront fee of 0.25% of principal, implying a $6.25 million payment.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2025-08-20","url":"https://www.sec.gov/Archives/edgar/data/1260221/000119312525183753/d49796dex101.htm","title":"수정계약 제18호 및 증액 기간대출 인수계약","title_en":"Amendment No. 18 and Incremental Term Loan Assumption Agreement","excerpt":"차입자는 각 대주의 대출 원금에 대해 0.25%의 선취수수료를 대리인에게 지급한다.","excerpt_en":"a fee equal to 0.25% of the aggregate principal amount"}]},{"direction":"cost","counterparty":"BNY 멜론","counterparty_slug":"bny-mellon","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-05-20","basis":"채권 신탁기관 서비스 보수 및 비용 상환액","value":null,"period":"6.375% notes due 2033","basis_en":"Compensation and expense reimbursement for bond trustee services","qualifier":"confirmed_no_disclosed_value"},"note":"BNY 멜론 트러스트는 트랜스다임의 2033년 만기 6.375% 선순위 후순위채 신탁기관을 맡는다. 계약은 트랜스다임이 신탁 서비스 보수와 합리적 비용을 지급하도록 정했지만 금액은 공개하지 않았다.","note_en":"BNY Mellon Trust serves as trustee for TransDigm's 6.375% senior subordinated notes due 2033. The indenture requires TransDigm to pay trustee compensation and reasonable expenses, but does not disclose the amount.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2025-05-20","url":"https://www.sec.gov/Archives/edgar/data/1260221/000119312525123144/d43283dex41.htm","title":"트랜스다임 2033년 만기 6.375% 선순위 후순위채 계약서","title_en":"TransDigm 6.375% Senior Subordinated Notes due 2033 Indenture","excerpt":"회사는 신탁기관의 계약 수락과 서비스에 대해 합의한 보수를 지급해야 한다.","excerpt_en":"pay to the Trustee such compensation for its acceptance of this Indenture and services"}]},{"direction":"revenue","counterparty":"보잉","counterparty_slug":"boeing","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-11-12","basis":"보잉향 항공부품 매출","value":null,"period":"FY2025","basis_en":"Revenue from aerospace component sales to Boeing","qualifier":"confirmed_no_disclosed_value"},"note":"트랜스다임은 보잉 같은 대형 상용기 제조사에 항공부품을 판매한다. FY2025 보잉향 매출은 공개하지 않았지만, 회사는 출하와 매출이 보잉의 2025년 및 2026년 생산 계획에 연동된다고 밝혔다.","note_en":"TransDigm sells aerospace components to large commercial aircraft manufacturers such as Boeing. It does not disclose Boeing-specific FY2025 revenue, but says shipments and revenue track Boeing's planned 2025 and 2026 production rates.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2025-11-12","url":"https://www.sec.gov/Archives/edgar/data/1260221/000126022125000081/tdg-20250930.htm","title":"트랜스다임 그룹 2025 회계연도 10-K","title_en":"TransDigm Group Incorporated FY2025 Form 10-K","excerpt":"회사는 보잉 같은 대형 상용기 제조사에 판매한다고 명시했다.","excerpt_en":"sales to manufacturers of large commercial aircraft, such as Boeing"},{"stance":"mentions","publisher":"바론 캐피털","publisher_en":"Baron Capital","kind":"research","lang":"en","published_at":"2025-05-01","url":"https://www.baroncapitalgroup.com/_next/data/1u1RvNau4m1DVUQhWoxuP/sites/default/files/2025-05/baron-insights-aerospace-and-defense.pdf.json?slug=2025-05&slug=baron-insights-aerospace-and-defense.pdf&slug=default&slug=files&slug=sites","title":"임무 준비: 항공우주·방위산업에서 가치 찾기","title_en":"Mission Ready: Unlocking Value in Aerospace & Defense","excerpt":"분석은 보잉과 에어버스가 생산과 인도에 제약을 받고 있다고 짚었다.","excerpt_en":"Both Boeing and Airbus remain in a holding pattern on producing and delivering new units"}]},{"direction":"revenue","counterparty":"에어버스","counterparty_slug":"airbus","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-11-12","basis":"에어버스향 항공부품 매출","value":null,"period":"FY2025","basis_en":"Revenue from aerospace component sales to Airbus","qualifier":"confirmed_no_disclosed_value"},"note":"트랜스다임은 에어버스 같은 대형 상용기 제조사에 항공부품을 판매한다. 상대별 매출은 공개되지 않았으며, FY2025 상업용 OEM 매출은 에어버스의 생산 확대 지연에도 영향을 받았다.","note_en":"TransDigm sells aerospace components to large commercial aircraft manufacturers such as Airbus. Customer-specific revenue is not disclosed, and delays in Airbus production ramp-up affected fiscal 2025 commercial OEM sales.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2025-11-12","url":"https://www.sec.gov/Archives/edgar/data/1260221/000126022125000081/tdg-20250930.htm","title":"트랜스다임 그룹 2025 회계연도 10-K","title_en":"TransDigm Group Incorporated FY2025 Form 10-K","excerpt":"회사는 대형 상용기 고객의 예로 보잉과 에어버스를 들었다.","excerpt_en":"such as Boeing, Airbus"}]}]}