Triumph Group agrees to go private in $3 billion deal

Private equity firms Warburg Pincus and Berkshire Partners agreed to pay $3 billion to acquire Triumph Group), a Pennsylvania maker of aftermarket parts for aerospace and defense systems.

Why it matters: This suggests that private equity isn't worried about DOGE turning its attention to Pentagon spending, including the F-35 project of which Triumph has a piece, plus continued optimism around commercial aerospace spending.