June 30 (Reuters) -

Aerospace supplier TransDigm Group ( TDG ) said on Monday it

will acquire Simmonds Precision Products from defense contractor

RTX Corp ( RTX ) for about $765 million in cash.

Simmonds makes fuel and proximity sensing and structural

health monitoring products for the aerospace and defense

industry.

Cleveland, Ohio-based TransDigm ( TDG ) supplies aircraft components

such as cockpit security systems and engine sensors for

commercial and military jets, and counts planemakers Boeing ( BA )

and Airbus among its customers.

TransDigm ( TDG ) said the deal is expected to be financed through

existing cash on hand.