Defense Industry M&A: 2021

StandardAero buys PTS Aviation

Backed by Carlyle

A business that primarily procures and sells engine parts, with expertise in used serviceable material for the CFM56 engine.

ManTech International buys TMAC

A provider of advanced data engineering services and solutions that ensure the delivery of vital information to the U.S. Intelligence Community.

CACI International buys ID Technologies

An enterprise IT, Infrastructure-as-a-Service, and network modernization provider with NSA-compliant Commercial Solutions for Classified (CSfC) technology

Kratos Integral Holdings buys Cosmic Advanced Engineered Solutions

Seller: Carol L. Zanmiller Living Trust and John G. Hutchens Living Trust

Focuses on radio frequency, terrestrial, and space-based communication solutions, including digital signals processing and geolocation analysis.

Heat Biologics buys Elusys Therapeutics

Seller: Certain equity holders of Elusys

Commercial-stage biopharmaceutical company whose lead product, Anthim (obiltoxaximab), is a medical countermeasure for anthrax exposure

Arotech buys Advance Circuit Technology

Backed by Greenbriar Equity Group

A privately held corporation in Rochester, NY, with mission critical printed circuit board and microelectronic assemblies technologies.

Nauticus Robotics goes public through CleanTech Acquisition

A Houston-based developer of cloud-based surface and subsea robots, software and associated services

Fairbanks Morse Defense buys Fluid Filtration Specialists

A company focused on flushing and filtration services for marine vessels and other facilities that operate large engines and systems

Omega Optical Holdings buys Evaporated Metal Films and Optometrics

Seller: Dynasil Corporation of America · Backed by Artemis Capital Partners

Precision optical coatings for large optics (EMF) and diffraction gratings and wavelength selection components (Optometrics)

Ducommun buys MagSeal

Seller: Mag Parent, Inc., Thomas B. Colby and Lyman J. Colby

A privately-held provider of military-proven magnetic seals for critical systems in aerospace and defense applications, based in Warren, Rhode Island.

Latécoère buys MADES

Seller: American Industrial Acquisition · Backed by Searchlight Capital Partners

Electronics manufacturing services provider focused on printed circuit boards for high reliability applications, in Malaga, Spain

Rocket Lab USA buys SolAero

One of only two companies producing high-efficiency, space-grade solar cells in the United States

Planet Labs buys VanderSat

A provider of advanced earth data and analytics that report on key conditions on the Earth’s surface, including soil moisture, land surface temperature and vegetation optical depth.

Kratos Defense & Security Solutions buys CTT

A company that designs, develops, and manufactures microwave application components and equipment primarily for customers in the defense industry.

Fairbanks Morse Defense buys Welin Lambie

A U.K.-based designer and manufacturer of davits for the launch and recovery of craft from ships or shore-based installations

ADDMAN Engineering buys Domaille Engineering

Seller: Thompson Street Capital Partners · Backed by American Industrial Partners

Manufacturer of mission-critical aerospace and defense components and proprietary fiber optic instruments, headquartered in Rochester, MN.

Stellex Capital Management buys Mecaer Aviation Group

Global aerospace & defense supplier specializing in flight-critical systems and services for rotorcraft, business jets and military aircraft

Mercury Systems buys Atlanta Micro

A designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits.

Precision Aviation Group buys Velocity Aerospace Group

Backed by GenNx360 Capital Partners

Aviation MRO services and manufacturing, with three FAA repair stations in Burbank and Van Nuys, California and Ft. Lauderdale, Florida

BlueHalo buys Asymmetrik

Backed by Arlington Capital Partners

A developer of software solutions and technology tools for Intelligence Community programs, including Open Source Intelligence

Voyager Space buys Space Micro

San Diego-based maker of high-performance satellite communications, digital and electro-optic systems

Leidos sells Aviation & Missile Solutions

Buyer: Undisclosed buyer

The AMS business of Leidos' Defense Solutions reportable segment

Jacobs buys BlackLynx

a provider of high-performance software to complement Jacobs's portfolio of cyber, intelligence and digital solutions

Collins Aerospace buys Dutch Thermoplastic Components

Seller: undisclosed private owners

Castellum buys Pax River business assets

Seller: Albers Group

business assets located in Pax River, Maryland, acquired in an asset purchase

Rocket Lab USA buys Planetary Systems

Maker of separation systems and spacecraft dispensers for the space industry

BAE Systems buys Bohemia Interactive Simulations

Seller: Riverside

a global software developer of simulation training solutions for military organizations

J.F. Lehman & Company sells IMIA to Investment affiliates of The Carlyle Group and Stellex Capital Management

Buyer: Investment affiliates of The Carlyle Group and Stellex Capital Management

Marine preservation, structural, scaffolding and environmental containment, and staffing services for the maintenance, repair, and overhaul and construction of the U.S. Navy fleet

BlueHalo buys Citadel Defense

Backed by Arlington Capital Partners

A San Diego developer of counter unmanned aerial systems technology

Viasat buys Inmarsat

Seller: Inmarsat's shareholders, including Apax, CPP Investment Board, Ontario Teachers' Pension Plan Board and WP Triton Co-Invest

A privately held provider of global mobile satellite communications services.

Vitesse Systems, backed by Trive Capital buys Sterling Precision

Manufacturer of dip-brazed assemblies and thermal management and communication devices such as cold plates, chassis assemblies and waveguides.

Survitec buys Blue Anchor Fire & Safety

Backed by Searchlight Capital Partners

Scottish provider of survival solutions to the fisheries, maritime and offshore energy industries

Redwire buys Techshot

Backed by AE Industrial Partners

A biotechnology company in microgravity, bioprinting and on-orbit manufacturing for commercial space-based research and development

AE Industrial Partners Structured Solutions I, LP takes a stake in Fire Team Solutions

Provider of mission-critical technology services to the U.S. intelligence community, based in Reston, Virginia

ManTech International buys Gryphon Technologies

Seller: AE Industrial Partners

A systems engineering firm providing advanced digital and systems engineering capabilities for Department of Defense agencies.

L3Harris sells Narda-MITEQ business to Investment affiliate of J.F. Lehman & Company

Buyer: Investment affiliate of J.F. Lehman & Company

Custom radiofrequency and microwave subsystems and components for defense and commercial end markets

Terran Orbital goes public through Tailwind Two Acquisition

Manufacturer of small satellites through its subsidiary Tyvak Nano-Satellite Systems

CORE Industrial Partners buys 3DXTECH, Triton and Gearbox

a provider of additive manufacturing equipment, including 3D printers, materials, and services focusing on high-performance material extrusion technologies

Amentum Holdings buys PAE

Seller: PAE Incorporated stockholders, including Platinum Equity affiliates · Backed by American Securities and Lindsay Goldberg

A company focused on delivering mission-critical solutions to the U.S. government and its allies on all seven continents

CGI Automated Manufacturing buys Advanced Laser Machining

Backed by CORE Industrial Partners

a full-service provider of metals-focused contract manufacturing solutions

Elbit Systems sells Ashot to FIMI Opportunity Funds

Buyer: FIMI Opportunity Funds

manufacturer of jet engine shafts, transmissions, gears and gearboxes, landing gear components and tungsten products for the aerospace and defense industries

Cerberus Capital Management buys NetCentrics

Provider of cybersecurity, enterprise information technology and telecommunications to the federal government and private industry.

Arcline Investment Management buys Onboard Systems International

Seller: Liberty Hall Capital Partners

Designs, manufactures, and services external cargo equipment for military and civil helicopter applications.

Rocket Lab USA buys Advanced Solutions

Seller: Shareholders of ASI

Engineering company that develops flight software, simulation systems and guidance, navigation and control systems

Arlington Capital Partners buys Systems Planning & Analysis

Provider of systems engineering, modeling and simulation, advanced analytics, strategic advisory, industrial policy and program management to government and defense customers; to be combined with Arlington portfolio company MCR, LLC

StandardAero buys Asian Surface Technologies

Backed by Carlyle

A component repair business in the Asia-Pacific region; StandardAero bought the remaining 59.2% it did not already own.

Maury Microwave buys dBmCorp

Backed by Artemis Capital Partners

Designer and manufacturer of wireless link emulation equipment for satellite and wireless communication testing

Voyager Space buys Valley Tech Systems

Developer of controllable solid hypersonic propulsion and open architecture ISR technologies

HEICO buys Paciwave

Designer and manufacturer of RF and microwave components and integrated assemblies, specializing in PIN diode switches, attenuators, limiters and switching assemblies.

Peraton sells Peraton systems engineering, integration, and support services business to CTFV Acquisition

Buyer: CTFV Acquisition

Peraton's systems engineering, integration, and support services business; the company later took the name Arcfield

Anduril Industries buys Copious Imaging

Lexington, Massachusetts maker of passive wide-area infrared sensing (WISP) technology that detects, tracks and classifies ground and air objects

Bain Capital Private Equity buys ITP Aero

Seller: Rolls-Royce

an aerospace and engine component supplier: design, manufacturing, assembly, testing and maintenance, repair and overhaul of aeronautical modules and engines for commercial aviation and defence applications

Mercury Systems buys Avalex Technologies

A provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems.

Peraton buys ViON as-a-service business

Seller: ViON

As-a-service (aaS) IT infrastructure business of ViON Corporation, including staff, solutions and contracts with federal and state agencies

Artemis Capital Partners sells Ohio Tool Works to Hardinge

Buyer: Hardinge

Designs and builds standard and custom honing technology

Karman Missile & Space Systems buys TMX Engineering

Backed by Trive Capital

Complex precision machining of exotic and non-exotic metals for missile, space and hypersonic systems.

AeroVironment sells Altoy to Toygun

Buyer: Toygun

AeroVironment's Turkish joint venture; the filings give no description of its business.

EZRaider merges with EZ Global

Operates through EZ Raider LLC, which imports electric-powered tactical manned vehicles from D.S Raider Ltd

UAV Factory buys Jennings Aeronautics

Backed by AE Industrial Partners

Provider of small unmanned aerial systems, based in San Luis Obispo, California

TCFIII Spaceco Holdings buys Systima Technologies

Backed by Trive Capital

Specialist in design and integration of energetic and mechanical systems into the structural design of mission-critical space and hypersonic systems

RTX buys SEAKR Engineering

Seller: Anderson family

Fairbanks Morse Defense buys Hunt Valve

Backed by Arcline Investment Management

Specialty manufacturer of naval valves and electromechanical actuators.

Raytheon Technologies sells Raytheon global training and services business to Vertex Aerospace

Buyer: Vertex Aerospace · Backed by American Industrial Partners

the global training and services business within Raytheon Technologies' RIS segment

Bluestone Investment Partners buys cBEYONData

a professional services and solutions company supporting mission-driven agencies with business process automation, cloud migrations, business intelligence, data management and data analytics

Quantic Electronics buys ECI Transcon Technologies

Backed by Arcline Investment Management

Designs, develops and manufactures custom electromagnetic components.

L3Harris sells ESSCO business to Communications & Power Industries

Buyer: Communications & Power Industries · Backed by Odyssey Investment Partners

manufactures metal space frame ground radomes, as well as specialty radomes and composite structures

Quantic Electronics buys Paktron Capacitors

Backed by Arcline Investment Management

Designs and manufactures multilayer polymer film capacitors.

Spartronics buys Inovar

Backed by One Equity Partners

Provides engineering, manufacturing, product assemblies and aftermarket services used by original equipment manufacturers in the aerospace, defense, medical and industrial markets; an independent Tier 3 electronics manufacturing service player in the Rocky Mountain region.

HEICO buys RH Labs

Designs and manufactures RF and microwave integrated assemblies, sub-assemblies and components.

Collins Aerospace buys FlightAware

Seller: private owners

InVeris buys SURVIVR

Backed by Pine Island Capital Partners

Privately held, Dallas-based Public Benefit Corporation devoted to public safety, maker of a virtual reality police training system

Two Six Technologies buys Trusted Concepts

Backed by Carlyle Group

A provider of software engineering, cyber, and advanced analytics solutions to customers in the Intelligence Community.

Arlington Capital Partners buys MCR

A provider of cost analysis and engineering and software development expertise to customers in defense, intelligence and critical civilian governmental agencies

Virgin Orbit goes public through NextGen Acquisition Corp. II

Responsive launch and space solutions company with air launch technology

BlueHalo buys Intelligent Automation

Backed by Arlington Capital Partners

A Rockville, MD provider of advanced technology development and productized solutions in AI/ML, cybersecurity, hypersonics, space, 5G, data analytics, and RF/communications

Quantic Electronics buys BEI Precision

Seller: J.F. Lehman & Company · Backed by Arcline Investment Management

Designs, engineers and manufactures position feedback sensors and frequency reference technologies for mission-critical space, land, air and sea applications.

Cobham Ultra Acquisitions Limited takes Ultra Electronics private

Backed by Advent International

A UK defence company.

KBR buys Frazer-Nash Consultancy

Seller: Babcock International Group

Provides systems engineering, assurance and technology advisory services

ATI sells Flowform Products

Buyer: Undisclosed buyer

A Billerica, MA business that uses flowforming process technologies to produce thin-walled components in net or near-net shapes across multiple alloy systems.

Castellum buys Specialty Systems

a New Jersey based government contractor that provides critical mission support to the Navy at Joint Base McGuire-Dix-Lakehurst

Spectra A&D Holdings buys Galleon Embedded Computing

Backed by Vance Street Capital

Oslo-based designer and seller of COTS-based embedded computing solutions for military and commercial applications.

Creation Technologies takes IEC Electronics private

Backed by Lindsay Goldberg

Provider of high-complexity, low-to-medium volume electronic manufacturing services

CORE Industrial Partners buys CGI Automated Manufacturing

a custom precision sheet metal fabrication solutions provider; CORE later relaunched the platform as Cadrex Manufacturing Solutions

Precision Aviation Group buys Trace Aviation Group

Backed by GenNx360 Capital Partners

MRO capabilities on King Air/1900 landing gear assemblies, based in Jackson, Mississippi

Castellum buys Merrison Technologies

a government contractor with expertise in software engineering and IT in the classified arena

L3Harris sells Electron Devices and Narda Microwave-West divisions to Affiliate of Arlington Capital Partners

Buyer: Affiliate of Arlington Capital Partners

A provider of RF amplification products for the space, electronic warfare, radar, medical and industrial end markets

Triumph Group sells Triumph Staverton legacy product lines

Buyer: Undisclosed buyer

Certain legacy product lines and the existing facility of Triumph's Staverton, United Kingdom operations

HEICO buys Ridge Engineering and Bechdon

Ridge performs tight-tolerance machining and brazing of large-sized parts; Bechdon provides machining, fabrication and welding services.

Parsons buys Echo Ridge

Makes position, navigation, and timing devices; modeling, simulation, test and measurement tools; and deployable software defined radio products and signal processing services.

Shield AI buys Martin UAV

Aerospace company best known for the V-BAT vertical takeoff and landing unmanned aircraft

Leonardo DRS buys Ascendant Engineering Solutions

An advanced gimbal producer located in Austin, TX

VSE buys Global Parts Group

Privately owned provider of distribution and MRO services for business and general aviation aircraft families, based in Augusta, Kansas.

Shield AI buys Heron Systems

Winners of the DARPA AlphaDogfight Trials, developer of AI for fighter aircraft

One Equity Partners takes a stake in Cicor

Swiss manufacturer of highly complex printed circuit boards, hybrid circuits and microelectronics, with electronics manufacturing services for electronic assembly and plastic injection molding.

Fathom goes public through Altimar Acquisition Corp. II

Backed by CORE Industrial Partners

an on-demand digital manufacturing services company, majority-owned by CORE Industrial Partners

Intrepid Solutions and Services buy Darkblade Systems

Backed by Bluestone Investment Partners

an intelligence solutions firm

Red Cat Holdings buys Teal Drones

Manufactures the Golden Eagle drone; provides unmanned aerial vehicle technology to government and commercial enterprises, most notably the military.

Communications & Power Industries buys TMD Technologies

Backed by Odyssey Investment Partners

designer and manufacturer of microwave, radio frequency and high voltage equipment for radar, electronic warfare, communications, medical, EMC testing and scientific applications

Micross Components buys Ultra CEMS microelectronics business

Seller: Ultra CEMS · Backed by Behrman Capital

Provider of high reliability hybrid electronics, based in Portchester, England

Planet Labs goes public through dMY Technology Group, Inc. IV

Operates a fleet of Earth observation satellites and sells daily satellite imagery and geospatial data and analytics.

BlueHalo agrees to buy DDES

Backed by Arlington Capital Partners

An Albuquerque, NM designer and manufacturer of space-qualified electronic systems for spacecraft

Arcline Investment Management buys Air Comm

Designs, manufactures, and services environmental control systems, thermal management systems and other accessories.

Huntington Ingalls Industries buys Alion Holding

Seller: Veritas Capital

Advanced engineering and R&D services in ISR, military training and simulation, cyber, data analytics and other technology solutions

Science Applications International buys Halfaker

A mission focused, pure-play health IT company

StandardAero buys Signature Aviation Engine Repair and Overhaul business

Seller: Signature Aviation · Backed by Carlyle

An engine repair and overhaul business serving general aviation, regional and helicopter engines.

Blue Delta Capital Partners takes a stake in CSA

Digital transformation consulting firm focused on the U.S. Defense Department

CSA buys Capstone

Backed by Blue Delta Capital Partners

Government services and solutions provider supporting military and civil operations, enterprise technical requirements and mission support

Micross Components buys Semi Dice

Backed by Behrman Capital

Global provider of high-reliability die and wafer products and value-added services

KBR buys Harmonic

Provides transformation and delivery consultancy project services to UK businesses

Quantic Electronics buys Union Technology

Backed by Arcline Investment Management

Designs, develops and manufactures multilayer ceramic capacitors and assemblies.

Moog sells Navaids to Thales

Buyer: Thales

Designs, develops, manufactures and markets ground and ship-based radio frequency navigation beacons and related antennas, based in Salt Lake City, Utah.

Artemis Capital Partners buys Maury Microwave

RF calibration, measurement and modeling solutions

Black & Veatch sells Black & Veatch environmental services business unit to Versar

Buyer: Versar · Backed by Kingswood Capital Management

Environmental services business unit of Black & Veatch focused on Federal government customers, providing remediation, investigation, assessment, and design for the EPA, the U.S. Army Corps of Engineers, and other Federal agencies.

Parsons buys BlackHorse Solutions

Provides capabilities in cyber, digital operations, artificial intelligence/machine learning, and full-spectrum operations.

Arlington Capital Partners sells Molecular Products to Filtration Group

Buyer: Filtration Group

A global provider of pure air technologies and manufacturer of advanced chemistry-based products for the treatment of breathable gases

BigBear.ai goes public through GigCapital4

Seller: BBAI Ultimate Holdings · Backed by AE Industrial Partners

A company focused on the use of artificial intelligence and machine learning for decision support; at the time its businesses included NuWave, PCI, Open Solutions and ProModel.

COMSovereign Holding buys Innovation Digital

Seller: Dr. Scott R. Velazquez

A developer of mixed analog/digital signal processing solutions, intellectual property licensing, design and consulting services

Versar buys BayFirst Solutions

Backed by Kingswood Capital Management

Provides network engineering, cybersecurity, and intelligence support to the U.S. government, serving primarily the Department of Homeland Security.

Graham buys Barber-Nichols

Seller: BNI Holdings

A Colorado limited liability company

Accenture Federal Services buys Novetta

Seller: Carlyle Group

An advanced analytics company serving U.S. federal organizations in machine learning, cyber, and cloud engineering.

Broadtree Partners buys Sayres Defense

a company focused on defense mission support services to the US Navy, Department of Defense, and broader National Security community

HEICO buys Camtronics

A Federal Aviation Administration-certified Part 145 repair station with extensive proprietary FAA-designated engineering representative repairs for domestic and international commercial and cargo airlines.

Belcan buys VICTOR42

Backed by AE Industrial Partners

Provider of special operations support, intelligence solutions and training, and IT services for the Federal Government, based in Washington, D.C.

Mercury Systems buys Pentek

A designer and manufacturer of ruggedized, high-performance, commercial off-the-shelf software-defined radio and data acquisition boards, recording systems and subsystems for high-end commercial and defense applications.

Precision Aviation Group buys Keystone Turbine Services

Backed by GenNx360 Capital Partners

OEM-approved aftermarket MRO services for operators of the Rolls-Royce M250 series of gas turbine engines, based in Coatesville, Pennsylvania

Bluestone Investment Partners buys Chesapeake Technology International

a contractor that provides software and systems development services to defense customers

Iridium Communications takes a stake in DDK Positioning

An Aberdeen, Scotland based provider of enhanced Global Navigation Satellite System (GNSS) accuracy solutions.

Ondas Holdings buys American Robotics

Designs, develops and markets industrial drone solutions for rugged, real-world environments.

Triumph Group sells Qarbon Aerospace to Arlington Capital Partners

Buyer: Arlington Capital Partners

A provider of large, complex structural components and assemblies such as fuselages, wings, flight control surfaces, and engine nacelles

Booz Allen Hamilton buys Liberty IT Solutions

Seller: Liberty IT Solutions' members

a digital partner driving transformation across the federal IT ecosystem

Science Applications International buys Koverse

A software company that provides a data management platform enabling artificial intelligence and machine learning on complex sensitive data

Incodema Holdings buys Micropulse West

Backed by CORE Industrial Partners

a manufacturer of complex precision parts for programs across the satellite communications, aerospace and medical end markets

Incodema Holdings buys Precision Process

Backed by CORE Industrial Partners

a producer of integrated engineering through production services for the medical, semiconductor and packaging end markets

Alpine 4 Holdings buys Thermal Dynamics International

Seller: Page Management

A Florida corporation

Serco buys WBB

Seller: H.I.G. Capital

Provides program management, advanced engineering and analytical support to the U.S. Department of Defense and other federal agencies.

Greenbriar Equity Group buys PCX Aerosystems

A supplier of highly engineered, precision, flight critical assemblies for rotorcraft and fixed wing aerospace platforms; the deal closed concurrently with PCX's acquisition of Senior Aerospace Connecticut.

Spirit AeroSystems buys Applied Aerodynamics

Maintenance, repair and overhaul (MRO) company based in Farmers Branch, Texas

American Pacific takes a stake in Frontier Aerospace

Backed by AE Industrial Partners

Space propulsion company offering end-to-end services from concept ideation to product development to design verification testing, based in Simi Valley, California

Gulf Island Fabrication sells Gulf Island Shipyard Division to Bollinger Houma Shipyards, L.L.C. and Bollinger Shipyards Lockport

Buyer: Bollinger Houma Shipyards, L.L.C. and Bollinger Shipyards Lockport

Houma, Louisiana shipyard assets and vessel construction contracts, including towing, salvage and rescue ships for the U.S. Navy and research vessels, plus four drydocks

International Marine and Industrial Applicators buy Main Industries

Backed by J.F. Lehman & Company

Preservation, scaffolding and environmental containment services to the marine vessel new construction and maintenance, repair and overhaul markets

TransDigm Group sells Technical Airborne Components to Searchlight Capital Partners

Buyer: Searchlight Capital Partners

Belgium-based business that designs and produces rods and struts for helicopters, commercial planes, military aircraft and space programs.

Sarcos Technology and Robotics goes public through Rotor Acquisition

A global technology leader for industrial highly dexterous mobile robotic systems for use in dynamic environments

Anduril Industries buys Area-I

Georgia-based maker of air launched effects and tube-stored unmanned aircraft, including the ALTIUS platform

Elbit Systems buys Rokar

Seller: BAE Systems

Jerusalem-based developer, manufacturer, integrator and supporter of high-end GPS receivers and guidance systems for advanced defense applications

Riverside takes a stake in CIS Secure Computing

a provider of secure communications and computing solutions for government and commercial customers

J.F. Lehman & Company buys Trillium Engineering

Designer and manufacturer of highly engineered camera gimbals for unmanned aerial systems performing intelligence, surveillance and reconnaissance missions

Redwire goes public through Genesis Park Acquisition

Seller: AE Red Holdings · Backed by AE Industrial Partners

A space infrastructure company; the combined company was renamed Redwire Corporation and listed on the NYSE as RDW

Veritas Capital sells Abaco Systems to AMETEK

Buyer: AMETEK

Open-architecture computing and electronic systems for aerospace, defense, and specialized industrial markets

Survitec buys Hansen Protection

Backed by Searchlight Capital Partners

European provider of specialist survival suits and protective equipment

IronNet goes public through LGL Systems Acquisition

Cybersecurity company with a Collective Defense platform for network detection and response

Quantic Electronics buys Planar Monolithics Industries

Backed by Arcline Investment Management

Designs, develops, manufactures and tests hybrid monolithic microwave integrated circuit (MIC/MMIC) components and subsystems.

Tyto Athene buys AT&T Government Solutions

Seller: AT&T · Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

AT&T's Department of Defense IT professional services business and select other contracts

Tailwind Acquisition's deal for QOMPLX is called off

Cloud-native risk analytics company in cybersecurity and insurance domains, acquiring cyber intelligence provider Sentar

Warburg Pincus buys Infinite Electronics

Seller: Genstar Capital

Global supplier of electronic components, assemblies, and wired/wireless connectivity solutions

Ambit Group merges with GreenZone Solutions

Backed by AE Industrial Partners

Data management and analytics, cybersecurity and agile software development for the Federal Government

VSE buys HAECO Special Services

Seller: HAECO Airframe Services

Provider of fully integrated MRO support solutions for military and government aircraft.

TransDigm Group sells ScioTeq and TREALITY Simulation Visual Systems to OpenGate Capital

Buyer: OpenGate Capital

Develop and manufacture advanced visualization solutions primarily for the global defense, air traffic control, and security end markets.

Rocket Lab goes public through Vector Acquisition

End-to-end space company delivering launch services, spacecraft components, satellites and other spacecraft, and on-orbit management solutions

L3Harris sells Military Training business to CAE USA

Buyer: CAE USA

L3Harris' Military Training business, with annual revenue of approximately $525 million

L3Harris sells Combat Propulsion Systems and related businesses to RENK AG

Buyer: RENK AG

L3Harris' Combat Propulsion Systems and related businesses, which manufacture military engines and transmissions

HEICO buys Pyramid Semiconductor

Specialty semiconductor designer and manufacturer offering a line of processors, SRAM, EEPROM and Logic products.

Spire Global goes public through NavSight Holdings

A global provider of space-based data and analytics

Joby Aviation goes public through Reinvent Technology Partners

Developer of an eVTOL passenger aircraft

Redwire buys Deployable Space Systems

Backed by AE Industrial Partners

A supplier of deployable solar arrays, structures and mechanisms for space applications

AeroVironment buys Intelligent Systems Group

Seller: Progeny Systems

Business segment of Progeny Systems Corporation that develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provides related services to United States government customers. Certain assets and liabilities were purchased.

L3Harris sells ATM voice communications and arrival management products to Frequentis AG

Buyer: Frequentis AG

Leidos buys Gibbs & Cox

An independent engineering and design firm specializing in naval architecture, marine engineering, management support and engineering consulting

Vance Street Capital buys FDS Avionics

One of three businesses combined to form Spectra A&D Holdings, a designer and manufacturer of avionics and electronics solutions primarily for the aerospace and defense technology market.

Vance Street Capital buys Argon

One of three businesses combined to form Spectra A&D Holdings, a designer and manufacturer of avionics and electronics solutions primarily for the aerospace and defense technology market.

Vance Street Capital buys Calculex

One of three businesses combined to form Spectra A&D Holdings, a designer and manufacturer of avionics and electronics solutions primarily for the aerospace and defense technology market.

BlackSky goes public through Osprey Technology Acquisition

Geospatial intelligence company (BlackSky Holdings, Inc., called Legacy BlackSky); the combined company was renamed BlackSky Technology Inc.

Red Cat Holdings buys Skypersonic

Seller: Giuseppe Santangelo, founder and majority shareholder, and other holders

A provider of drone products and software solutions that enable drone inspection flights that can be executed by pilots anywhere in the world.

EZ Global agrees to buy D.S Raider

An Israeli company that makes the EZRaider tactical electric stand-up ATV vehicles

Karman Missile & Space Systems buys AAE Aerospace

Backed by Trive Capital

Manufacturer of high temperature composites for the missile, interceptor and space sectors.

Newtown Lane Marketing merges with Appgate

Seller: SIS Holdings LP

A zero trust network access and cybersecurity company

Atlas CC Acquisition takes Cubic private

Backed by Veritas Capital and Evergreen Coast Capital

Cubic Corporation, whose subsidiaries include Cubic Transportation Systems, Inc. and Cubic Defense Applications, Inc.

Superior Technical Ceramics buys IJ Research

Backed by Artemis Capital Partners

Manufacturer specializing in ceramic-to-metal seals and bonds, electrical feedthroughs and opto-electronic windows

Huntington Ingalls Industries sells HII oil and gas business to PMC Capital Partners

Buyer: PMC Capital Partners

Huntington Ingalls' oil and gas business, sold as part of its plan to exit that part of the oil and gas industry

An affiliate of The Carlyle Group buys Two Six Labs

A provider of cybersecurity and advanced technology solutions for the U.S. Government, with customers including DARPA, U.S. Cyber Command and the Department of Homeland Security; combined with IST Research to form Two Six Technologies.

Continental Mapping Consultants buys GISinc

Backed by Bluestone Investment Partners

a provider of GIS-enabled services and solutions

Carlyle Group buys IST Research

Backed by Blue Delta Capital Partners

Provider of open source data collection, population engagement and content discovery solutions, combined with Two Six Labs to form Two Six Technologies

Cobham sells Cobham Mission Systems to Eaton

Buyer: Eaton · Backed by Advent International

a manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets

TransDigm Group sells Racal Acoustics to Invisio Communications AB

Buyer: Invisio Communications AB

Business TransDigm acquired in March 2019 as part of Esterline; it sat in TransDigm's Non-aviation segment.

AE Industrial Partners buys UAV Factory

Maker of tactical unmanned aerial vehicles and ISR payloads, based in Riga, Latvia, with a second location in Bend, Oregon

Peraton takes Perspecta private

U.S. government services provider: mission services, digital transformation and enterprise operations

Loar Group buys Safe Flight Instrument

Designs and manufactures proprietary aerospace electronic products and systems, including flight instrumentation, guidance and controls.

Odyssey Investment Partners buys Applied Technical Services

provider of testing, inspection, and calibration services

Redwire buys Oakman Aerospace

Backed by AE Industrial Partners

A provider of digital engineering, spacecraft and satellite design and development, and mission payload development

Arcline Investment Management buys TRM Microwave

Global leader in custom radio frequency (RF) and microwave components, integrated assemblies and subsystem solutions.

AeroVironment buys Arcturus UAV

Seller: shareholders and other equity interest holders of Arcturus UAV

Petaluma, California maker of unmanned Group 2 and 3 aerial and aircraft systems, payloads, ground control systems and ground support equipment.

Spartronics buys Primus Technologies

Backed by One Equity Partners

Provides engineering, manufacturing and testing services of circuit card assemblies and box builds for original equipment manufacturers in the aerospace, defense, medical and complex industrial markets.

Arcline Investment Management buys Ohmega Technologies

Seller: Alan D. Leve Family

Manufacturer of advanced embedded thin-film resistive materials for printed circuit boards.

Sagewind Capital buys Sigma Defense

A provider of airborne intelligence, surveillance, and reconnaissance (AISR) sensor data transport engineering and services.

Owl Cyber Defense Solutions buys Trident Assured Collaboration Systems product line

Backed by DC Capital Partners

The only U.S. government approved Voice over IP and Video Teleconference Cross Domain Solution, plus Full Motion Video filtering capability

Fairbanks Morse buys Ward Leonard

Backed by Arcline Investment Management

A provider of motor and control solutions for military applications, based in Thomaston, Connecticut

Jordan Company L.P., through an affiliate buys Innoflight

a provider of compact, software-defined, cyber-secure and integrated satellite avionics for satellite-to-satellite and satellite-to-ground space networking and communications; TJC calls its deal a recapitalization and strategic investment in partnership with management and does not state the stake

H.I.G. Capital takes SMTC private

Global electronics manufacturing services provider that was listed on Nasdaq before the deal.

Teledyne Technologies buys FLIR Systems

Industrial technology company focused on intelligent sensing solutions for defense and industrial applications.

Castellum merges with MFSI Government Group

a government contractor with software engineering and IT work, providing services in data security and operations for Army, Navy and Intelligence Community clients

Booz Allen Hamilton takes a stake in Tracepoint

A digital forensics and incident response (DFIR) company serving public and private sector clients.