Two days after Southwest Airlines unveiled its proposed $1.4-billion acquisition of AirTran Airways, TransDigm Group Inc., a mid-size supplier of aircraft components, announced a deal of almost similar size to buy McKechnie Aerospace Holdings. It was barely noticed in the mainstream media. Nor was much attention paid when Safran SA announced on Sept. 20 that it would pay $1.1 billion to acquire L-1 Identity Solutions, a biometrics company that was the brainchild of L-3 Communications ...


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