class=tt>Monday February 12, 7:15 am ET (NYSE: - ), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the fiscal 2007 first quarter ended December 30, 2006. These results have not changed from the preannouncement made on January 23, 2007. million in the comparable quarter a year ago.

The increase in sales was due to business, with the balance due to our recent acquisitions. Net income for the quarter rose 126.3% to $20.

3 million, or $0.43 per share, compared to net income of $9.0 million, or $0.

19 per share, in the comparable quarter a year ago. The increase was primarily due to favorable product mix and to a lesser degree continued productivity improvements. In addition, lower interest expense due to the June 2006 refinancing and the Adjusted net income for the quarter increased 81.

5% to $21.9 million, or $0.46 per share, from $12.

1 million, or $0.26 per share, in the same quarter a year ago. Adjusted net income for the current quarter excludes $1.

6 million net of tax, or $0.03 per share, of non-cash compensation costs, stock option expenses, acquisition-related costs and backlog amortization. Adjusted net income for the prior year quarter excludes $3.

1 million net of tax, or $0.07 per share, of one-time special bonus, certain non-cash compensation related expenses, initial public offering costs, acquisition-related expenses and for the comparable quarter a year ago. EBITDA As Defined increased 30.

5% for 2007," stated W. Nicholas Howley, TransDigm's Chairman and Chief Executive Officer. "Our 22.

5% sales growth was attributed to continued strength in lesser degree from increases in the commercial OEM and defense markets. Our combined with a steady focus on our basic value driven operating strategy." February 7, 2007.

ATI, which is based in Seattle, WA, supplies innovative aerospace products to a diverse fleet of commercial and military aircraft, and Mr. Howley stated, "Based on current market conditions, the ATI acquisition (which will include the period from February 7, 2007 to September 30, 2007) and the preliminary estimates of purchase accounting adjustments for the acquisition of ATI, TransDigm Group is updating its fiscal 2007 guidance EBITDA, EBITDA As Defined and adjusted net income for the periods discussed in today beginning at 11:00 a.m.

, Eastern Time. To join the call, dial (866) 713-8564 and enter the pass code 87916053. International callers should dial (617) 597-5312 and use the same pass code.

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A entering the pass code 84611404. International callers should dial TransDigm Group, through its wholly-owned subsidiaries, including TransDigm Inc., is a leading global designer, producer and supplier of highly aircraft in service today.

Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include ignition systems and components, gear pumps, mechanical/electromechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors, engineered latches and cockpit security devices, lavatory hardware and components, specialized AC/DC electric motors, specialized valving, flight deck audio systems, and EBITDA, EBITDA As Defined, adjusted net income and adjusted earnings per supplemental disclosures to net income and reported results. TransDigm Group defines EBITDA as earnings before interest, taxes, depreciation and operating items and acquisition-related costs. TransDigm Group defines adjusted net income as net income plus deferred compensation costs, stock option expenses, backlog amortization expense, acquisition-related costs and initial public offering.

Due to the recent acquisition of ATI, TransDigm Group calculation of adjusted net income in the future. As a result, certain the presentation going forward. For more information regarding the nature of these non-operating items, acquisition-related costs and non-recurring expenses, please see the attached financial tables.

frequently used by securities analysts, investors and other interested parties interest expense, income tax expense and depreciation and amortization, which can vary substantially from company to company. EBITDA As Defined is used to measure TransDigm Inc.'s compliance with the financial covenants contained in its credit facility.

TransDigm Group's management also uses EBITDA As Defined Company's annual budget and financial projections. In addition, TransDigm it is reflective of changes in pricing decisions, cost controls and other None of EBITDA, EBITDA As Defined, adjusted net income or adjusted income, operating income, cash flows from operating activities or other measures of performance determined in accordance with GAAP. In addition, Litigation Reform Act of 1995, including expectations of future performance, profitability, growth and earnings.

All statements other than statements of historical fact that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward- looking statements, including, in particular, statements about our plans, objectives, strategies and prospects regarding, among other things, our financial condition, results of operations, and business. We have identified some of these forward-looking statements with words like "believe," "may," Specifically, statements contained under the heading "Update to Fiscal 2007 those expressed in any forward-looking statements made by, or on behalf of, the Company. These risks and uncertainties include but are not limited to: profitability, both of which are impacted by general economic conditions; our contracts; the U.

S. defense budget and risks associated with being a its deferred compensation plans. The amount reflected above for the thirteen week period ended December 31, 2005 includes a reversal of resulting from the termination of two deferred compensation plans.

In addition, the amount reflected above for the thirteen week periods ended December 30, 2006 and December 31, 2005 includes expense All rights reserved. Republication or redistribution consent of PRNewswire.