Moat Category Reinvestment Moat	Fair Value Estimate –	Price  $524.78	Enterprise Value $46.4bn
Moat Type Intangibles: Intellectual Property Switching Costs – Regulatatory	Economic Moat Wide	Stewardship Rating Exemplary	Market Cap $28.0bn

What does it do

TransDigm manufactures products for electronic, power, fluid, and mechanical motion control onboard commercial and military aircraft and helicopters. It also supplies products used for cabin structures, lighting, laminates, pallets, and a host of other applications. In fiscal 2018, the company generated about $3.8 billion of sales, with 70% coming from commercial aerospace customers and 30% from defense customers, noting that the latter is increasing as a percentage of sales.

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