Why TransDigm Stayed Aloft as Aerospace Plunged

TransDigm Group (NYSE: TDG) delivered better-than-expected earnings in its fiscal third quarter, with the company making a strong case that the coronavirus pandemic is not going to cause this long-running growth story to run out of steam. The pandemic has crippled airlines, some of TransDigm's most important customers, and caused revenue to plummet. Here's how TransDigm managed to outperform despite the COVID-19 crisis, and what shareholders should expect in the future.