Private equity investment firm Behrman Capital has agreed to sell its portfolio company Data Device Corporation (DDC) to TransDigm Group Incorporated, a leading producer of commercial and military aircraft components, for $1bn.

Expected to be complete by the end of this year, the acquisition is a part of TransDigm’s strategic, operational and value-creation criteria and will be financed through cash, existing credit facility and new debt.

DDC is a global designer and manufacturer of data networking, power control and motion control solutions for aerospace, defence and industrial applications.

Latham & Watkins is the legal adviser to DDC for the transaction.

"Finnair has agreed to sell its business as a part of its ongoing disposal of non-core assets."

KBR, a global engineering, procurement and construction company serving the hydrocarbons industry, has agreed to acquire Wyle Laboratories, a scientific and technical services provider to US Department of Defense, Nasa and other federal agencies.

KBR will pay $570m, which will be funded by its existing credit facility and $200m in cash, to fully acquire Wyle’s business, including its outstanding shares.

The transaction is expected to be completed in the third quarter of 2016.

American Express Global Business Travel (GBT) is to acquire SMT Oy, a business travel agency owned by Finnish airline Finnair.

Finnair has agreed to sell its business as a part of its ongoing disposal of non-core assets.

To be closed by the third quarter of this year, the transaction will allow GBT, a provider of credit payment card products and travel-related services, to improve its services.