Warburg Pincus and Berkshire Partners are in advanced talks to acquire aircraft parts and services supplier Triumph Group Inc. for about $3 billion, including debt, according to people familiar with the matter.

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,