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Tracker · Deals and capital

Defense Industry M&A: 2024

Defense deals announced in 2024

Dec 202420

AAR sells AAR Landing Gear Overhaul business to GA Telesis

Buyer: GA Telesis

AAR's Landing Gear Overhaul (LGO) business, reported within its Repair, Engineering, and Software segment

MRO and sustainmentcomponents and materialsSource
$51 millionClosed Apr 3, 2025
Dec 202419

Woodward buys Safran Electronics & Defense electromechanical actuation business

Seller: Safran

Safran Electronics & Defense's electromechanical actuation business in the United States, Mexico and Canada, including long-term customer agreements for Horizontal Stabilizer Trim Actuation systems

components and materialsSource
UndisclosedClosed Jul 21, 2025
Dec 202418

Bluestone Investment Partners buys Valiant Solutions

a provider of enterprise-wide cybersecurity services for Federal agencies

cyberSource
UndisclosedClosed Nov 2024
Dec 202418

Viasat sells Viasat energy services system integration business

Buyer: Undisclosed buyer

An energy services system integration business in Viasat's communication services segment, fixed services and other business line.

UndisclosedClosed Dec 18, 2024
Dec 202416

Carlyle sells Forgital to Stonepeak

Buyer: Stonepeak

A provider of advanced aerospace and industrial forged products, including seamless rolled rings and assembled fan modules.

components and materialspropulsionSource
UndisclosedClosed Jun 30, 2025
Dec 202402

SIXGEN buys Kyrus Tech

Backed by Washington Harbour Partners

Specialized software development firm for mission-critical cyber solutions to the Intelligence and Defense Communities

cyberintelligence communitySource
UndisclosedClosed
Dec 202402

Aechelon Technology buys Compro Computer Services Radar Simulation Division

Seller: Compro Computer Services · Backed by Sagewind Capital

Compro's Radar Simulation Division in Dallas, Texas, including its Radar Toolkit (RTK).

EW and sensorstraining and simulationSource
UndisclosedClosed
Dec 2024 

Hanwha Systems and Hanwha Ocean buy Philly Shipyard

A U.S. shipbuilder supporting commercial and government shipbuilding in Philadelphia's Navy Yard

shipbuilding and maritimeSource
UndisclosedClosed Dec 2024
Dec 2024 

Huntington Ingalls Industries buys Substantially all assets of W International SC, LLC and Vivid Empire SC

Seller: W International SC, LLC and Vivid Empire SC

A South Carolina-based complex metal fabricator specializing in the manufacture of shipbuilding structures, modules and assemblies

shipbuilding and maritimeSource
$140 millionClosed Jan 2025
Nov 202425

Sagewind Capital buys Aechelon Technology

A provider of image generation software and complex databases enabling live-virtual-constructive training, mission rehearsal, sensor exploitation and command and control for full-flight aircraft simulators.

training and simulationSource
UndisclosedClosed
Nov 202419

AeroVironment merges with BlueHalo

Seller: BlueHalo Holdings Parent · Backed by Arlington Capital Partners

Provider of capabilities in Space, C-UAS and Autonomous Systems, Electronic Warfare and Cyber, and AI/ML.

EW and sensorsautonomy and dronescyberSource
$4.1 billionClosed May 1, 2025
Nov 202417

Spirit AeroSystems sells Fiber Materials to Tex-Tech Industries

Buyer: Tex-Tech Industries · Backed by Arlington Capital Partners

Related platform: FMI Industries

Multidirectional reinforced composites for high-temperature uses such as thermal protection systems, re-entry vehicle nose tips, and rocket motor throats and nozzles

components and materialsmunitions and missilesspaceSource
$165 millionClosed Jan 13, 2025
Nov 202414

Artemis Capital Partners buys Diamond Antenna and Microwave

Developer of advanced RF and electro-mechanical solutions, including RF rotary joints and rotating subsystems

EW and sensorsC4ISR and electronicsspaceSource
UndisclosedClosed
Nov 202413

Tyto Athene buys Key Solutions

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A Washington, D.C. area firm providing expert bid and proposal development consulting and support

IT and government servicesSource
UndisclosedClosed Nov 13, 2024
Nov 202406

Excelitas Technologies sells Qioptiq optical systems and Advanced Electronic Systems businesses to Teledyne Technologies

Buyer: Teledyne Technologies

Optical Systems business known under the Qioptiq brand, based in Northern Wales, UK, and the U.S.-based Advanced Electronic Systems business.

EW and sensorsC4ISR and electronicsspaceSource
$710 millionClosed Feb 3, 2025
Nov 202406

BlackSky Technology buys LeoStella

Satellite design, development and manufacture; BlackSky's 50% joint venture with Thales Alenia Space, whose satellites BlackSky procures to operate its business.

spacecomponents and materialsSource
UndisclosedClosed Nov 6, 2024
Nov 202404

Tinicum, L.P. and its affiliated funds buy Aeronix Technologies Group

Seller: ShoreView Industries

a supplier of high-reliability defense electronics supporting the secure, high-speed transmission, storage, and processing of data for aircraft, shipboard, ground and space applications

C4ISR and electronicsspaceSource
UndisclosedClosed
Nov 202404

Trident Maritime Systems sells Hoffman Engineering to Branford Castle Partners

Buyer: Branford Castle Partners · Backed by J.F. Lehman & Company

Situational awareness solutions, including LED lighting products and night vision imaging systems

EW and sensorscomponents and materialsSource
UndisclosedClosed
Nov 202404

Teledyne Technologies buys Micropac Industries

Designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies.

C4ISR and electronicscomponents and materialsSource
$57 millionClosed Dec 30, 2024
Nov 202404

HEICO buys SVM

Designs and manufactures high-performance electronic passive components and subsystems, including magnetic components and busbars, for healthcare and industrial end-markets.

components and materialsSource
UndisclosedClosed Nov 2024
Nov 202404

L3Harris sells Aerojet Ordnance Tennessee, Inc. specialty metals / depleted uranium to BWX Technologies

Buyer: BWX Technologies

A provider of advanced specialty materials, fabrication and high-strength alloy manufacturing, including depleted uranium engineered products.

components and materialsnuclearSource
$100 millionClosed Jan 3, 2025
Oct 202422

Hexcel sells Neumarkt, Austria plant

Buyer: Undisclosed buyer

Hexcel's Austrian operations; the Neumarkt plant has produced composite materials for the global industrial market, including prepregs for wind energy.

components and materialsSource
UndisclosedClosed Sep 30, 2025
Oct 202421

Parsons buys BCC Engineering

Seller: Trivest Partners

Florida transportation engineering firm providing planning, design, and management services for transportation, civil, and structural engineering projects.

$230 millionClosed Nov 1, 2024
Oct 202421

HEICO buys Mid Continent Controls

Designs and manufactures proprietary in-cabin power and entertainment components and subsystems for business jets.

components and materialsSource
UndisclosedClosed Oct 2024
Oct 202415

VSE buys Kellstrom Aerospace

Seller: AE Industrial Partners, LP

Diversified global distributor and service provider supporting the commercial aerospace engine aftermarket.

MRO and sustainmentcomponents and materialsSource
$200 millionClosed Dec 3, 2024
Oct 202414

Centerbridge Partners buys Precinmac

Seller: Pine Island Capital Partners, Bain Capital's Private Credit Group and Compass Partners Capital

Supplier of complex precision components for mission-critical applications in aerospace, defense, space, semiconductor and other high-requirements end markets

components and materialsSource
UndisclosedClosed Dec 2, 2024
Oct 202408

Greenbriar Equity Group sells STS Aviation Group to an affiliate of H.I.G. Capital

Buyer: an affiliate of H.I.G. Capital

A global aviation services company providing aftermarket, MRO (Maintenance, Repair and Overhaul), and distribution solutions to the aviation and defense industries.

MRO and sustainmentSource
UndisclosedClosed Oct 8, 2024
Oct 202407

Apollo Funds takes Barnes Group private

a global provider of highly engineered products, differentiated industrial technologies and innovative solutions

aerostructurescomponents and materialspropulsionSource
$3.6 billionClosed Jan 27, 2025
Oct 202401

HEICO buys Marway Power Solutions

Designs and manufactures power distribution solutions for mission-critical systems.

C4ISR and electronicsSource
UndisclosedClosed Sep 2024
Oct 2024 

Sagewind Capital buys Sabel Systems

A digital engineering enterprise headquartered in Dayton, Ohio, serving the Air Force, Army, Space Force, Marine Corps and other defense and commercial customers.

IT and government servicesSource
UndisclosedClosed
Oct 2024 

Boeing sells Digital Receiver Technology to Thales Defense & Security

Buyer: Thales Defense & Security

UndisclosedClosed
Sep 202430

Precision Aviation Group buys TAG Aero

Seller: Mill Hill Capital · Backed by GenNx360 Capital Partners

FAA/CAA/EASA-approved repair station focused on auxiliary power units (APUs), based in Rock Hill, South Carolina

MRO and sustainmentpropulsionSource
UndisclosedClosed Sep 30, 2024
Sep 202430

Precision Aviation Group buys ICON Aerospace

Seller: Mill Hill Capital · Backed by GenNx360 Capital Partners

FAA/CAA/EASA-approved repair station for the repair and overhaul of avionics, instruments, radios and accessories, based in Indian Trail, North Carolina

MRO and sustainmentC4ISR and electronicsSource
UndisclosedClosed Sep 30, 2024
Sep 202429

CACI International buys Applied Insight

Delivers cloud migration, adoption, and transformation capabilities, coupled with customer relationships across the DoD and intelligence communities

IT and government servicesintelligence communitySource
$320 millionClosed Oct 1, 2024
Sep 202419

Rolls-Royce sells Rolls-Royce Naval Propulsors and Handling business to Fairbanks Morse Defense

Buyer: Fairbanks Morse Defense · Backed by Arcline Investment Management

Propellers and waterjets for naval applications, and marine handling systems for the deployment and recovery of manned and unmanned craft from naval vessels.

propulsionshipbuilding and maritimeSource
UndisclosedClosed Jul 2026
Sep 202418

Bel Fuse buys Enercon

Seller: FF3 Holdings, L.P. and other sellers

Supplier of highly customized power conversion and networking solutions to aerospace and defense markets

C4ISR and electronicscomponents and materialsSource
Up to $320 millionClosed Nov 14, 2024
Sep 202416

DC Capital Partners buys C5MI

Digital transformation and modernization, solving complex supply chain and logistics challenges for Federal and State Governments as well as Fortune 200 companies

IT and government servicesMRO and sustainmentSource
UndisclosedClosed
Sep 202416

CACI International buys Azure Summit Technology

Engineering company that develops and delivers high-performance RF hardware and software defined technologies for national security missions

C4ISR and electronicsEW and sensorsintelligence communitySource
$1.27 billionClosed Oct 30, 2024
Sep 202412

AEVEX Aerospace buys Veth Research Associates

Backed by Madison Dearborn Partners

A firm operating in the U.S defense industry, known for its advancements in navigation and autonomous systems

autonomy and dronesEW and sensorsSource
UndisclosedClosed Sep 12, 2024
Sep 202411

Castellum sells MFSI Government Group to Lead-Risk Millenia

Buyer: Lead-Risk Millenia

a government contractor providing services in data security and operations for Army, Navy and Intelligence Community clients

IT and government servicesintelligence communitySource
UndisclosedClosed Sep 16, 2024
Sep 202409

GDIT buys Iron EagleX

Seller: undisclosed

UndisclosedClosed Sep 9, 2024
Sep 202405

Precise Systems buys Tucson Embedded Systems

Backed by Bluestone Investment Partners

a Tucson, Arizona-based provider of high-performance computing systems and software solutions

C4ISR and electronicsSource
UndisclosedClosed
Sep 202404

Comply365 buys Qualtero

Backed by Liberty Hall Capital Partners

a provider of solutions to optimize civil and military aviation training operations

training and simulationSource
UndisclosedClosed
Aug 202430

ADDMAN buys Keselowski Advanced Manufacturing

Backed by American Industrial Partners

Vertically integrated simulation and engineering through serial production manufacturer with additive manufacturing and CNC capabilities, based in Statesville, NC.

components and materialsspaceSource
UndisclosedClosed
Aug 202430

Hewlett Packard Enterprise buys Morpheus Data

Seller: Morpheus Data's equity holders, including SAIC

One of SAIC's unconsolidated venture investments, which sold all its outstanding equity, including SAIC's equity investment

IT and government servicesSource
$10 millionClosed Aug 30, 2024
Aug 202428

One Equity Partners buys EthosEnergy

Provider of services and solutions for rotating equipment to the power, oil & gas, industrial and aerospace markets

MRO and sustainmentSource
UndisclosedClosed Dec 2024
Aug 202428

Capitol Meridian Partners takes a stake in Parry Labs

A defense technology company that develops next generation open architecture mission solutions.

C4ISR and electronicsEW and sensorsSource
$80 millionClosed Aug 28, 2024
Aug 202427

PrecisionX Group buys MSK Precision Products

Backed by CORE Industrial Partners

a provider of precision machining and assembly services with an expertise in Swiss machining

components and materialsSource
UndisclosedClosed
Aug 202423

StandardAero buys Aero Turbine

Backed by Carlyle

A provider of engine component repair and other value-added engine aftermarket services for U.S. and international customers.

MRO and sustainmentpropulsionSource
$132 millionClosed Aug 23, 2024
Aug 202422

PrecisionX Group buys Ditron

Backed by CORE Industrial Partners

a provider of micro precision stamping

components and materialsSource
UndisclosedClosed
Aug 202422

Bluestone Investment Partners buys Qualis

a missile defense and space systems technology business based in Huntsville, Alabama

spacemunitions and missilesSource
UndisclosedClosed
Aug 202422

HEICO buys Capewell Aerial Delivery and Descent Devices divisions

Seller: Capewell Aerial Systems

Designs, manufactures and distributes emergency descent devices, personnel and cargo parachute products, heavy airdrop platforms, and other highly-engineered products.

components and materialsSource
UndisclosedClosed Aug 2024
Aug 202421

USA Rare Earth goes public through Inflection Point Acquisition Corp. II

Developer of a domestic rare earth magnet supply chain, including the Stillwater magnet facility and the Round Top Project

components and materialsSource
$800 millionClosed Mar 13, 2025
Aug 202415

Lockheed Martin buys Terran Orbital

Seller: public shareholders

$450 millionClosed Oct 30, 2024
Aug 202414

Hadrian buys Datum Source

components and materialsSource
UndisclosedClosed Jul 8, 2024
Aug 202414

Rheinmetall AG buys Loc Performance Products

Vehicle specialist based in Plymouth, Michigan, with military and civilian customers

land systemsSource
UndisclosedClosed Nov 29, 2024
Aug 202414

Redwire buys Hera Systems

A spacecraft developer focused on specialized missions for national security space customers

spaceSource
UndisclosedClosed Aug 30, 2024
Aug 202407

Exiger buys XSB

Backed by Carlyle, Insight Partners and JMI Equity

A logistics intelligence platform whose catalog spans 100 million parts and 400 million parts attributes used by the U.S. Federal Government.

MRO and sustainmentIT and government servicesSource
UndisclosedClosed Aug 7, 2024
Aug 202407

Bain Capital buys Somacis

Seller: Chequers Capital

an Italian-headquartered manufacturer of high-mix / low-volume, high-specification and mission-critical printed circuit boards (PCBs)

C4ISR and electronicscomponents and materialsSource
UndisclosedClosed
Aug 202406

SIXGEN buys Boldend

Backed by Washington Harbour Partners

Cyber automation company building software products that scale cyber capabilities

cyberEW and sensorsSource
UndisclosedClosed
Aug 202406

Cerberus Capital Management takes a stake in Vivace

Manufacturer of specialty propulsion tanks for space and defense applications.

spacepropulsionSource
UndisclosedClosed Aug 6, 2024
Aug 202401

ITT buys kSARIA

Seller: Behrman Capital

Producer and supplier of mission-critical connectivity solutions for the defense and aerospace end markets

C4ISR and electronicscomponents and materialsSource
$475 millionClosed Sep 12, 2024
Aug 2024 

Sagewind Capital sells Axient

Buyer: Undisclosed buyer

A provider of high-end engineering and management support services for mission critical programs within key federal defense agencies.

spacemunitions and missilesSource
UndisclosedClosed
Jul 202430

Exiger buys aDolus

Backed by Carlyle, Insight Partners and JMI Equity

A software supply chain risk visibility platform that analyzes binaries, firmware, operational technology and IoT software.

cyberIT and government servicesSource
UndisclosedClosed Jul 30, 2024
Jul 202430

Parsons buys BlackSignal Technologies

Seller: Razor’s Edge

Next-generation digital signal processing, electronic warfare, and cybersecurity provider built to counter near-peer threats.

EW and sensorscyberintelligence communitySource
$200 millionClosed Aug 16, 2024
Jul 202422

Red Cat Holdings sells Red Cat's stake in Unusual Machines

Buyer: Undisclosed buyer

Unusual Machines sells first-person-view video goggles for drone pilots, drones, parts and related equipment to the consumer marketplace; Red Cat had owned a 46% interest.

autonomy and dronesSource
$4 millionClosed Jul 22, 2024
Jul 202419

Loar Group buys Applied Avionics

Seller: AAI Holdings

Designs, develops and manufactures highly engineered avionics interface solutions.

C4ISR and electronicscomponents and materialsSource
$384 millionClosed Aug 26, 2024
Jul 202416

KBR buys LinQuest

Backed by Madison Dearborn Partners

Engineering, data analytics and digital integration company for space, air dominance and connected battlespace missions

C4ISR and electronicsIT and government servicesintelligence communitySource
$739 millionClosed Aug 30, 2024
Jul 202411

an affiliate of Platinum Equity Advisors takes Héroux-Devtek private

An international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer

aerostructuresSource
UndisclosedClosed Feb 11, 2025
Jul 202409

Collins Aerospace sells Goodrich Hoist & Winch business to Signia Aerospace

Buyer: Signia Aerospace

$500 millionClosed Oct 31, 2024
Jul 202408

Exiger buys Versed AI

Backed by Carlyle, Insight Partners and JMI Equity

An AI technology company, born out of the University of Cambridge, that extracts and aggregates multi-tier supplier networks and generates automated bills of material.

IT and government servicesSource
UndisclosedClosed Jul 8, 2024
Jul 202408

Ultra Maritime sells Signature Management & Power to ESCO Technologies

Buyer: ESCO Technologies · Backed by Advent International

provider of mission-critical signature and power management solutions for submarines and surface ships for the US and UK naval defense markets

EW and sensorscomponents and materialspropulsionSource
$550 millionClosed Apr 28, 2025
Jul 202402

SIXGEN buys Secure-EE

Backed by Washington Harbour Partners

Provider of bespoke cybersecurity products and services across various domains

cyberintelligence communitySource
UndisclosedClosed
Jul 202401

Spirit AeroSystems sells Spirit Airbus Business to Airbus SE

Buyer: Airbus SE

Spirit's businesses that perform its supply contracts with Airbus, including the Kinston, St. Nazaire and Casablanca sites and A220 and A350 work packages

aerostructuresSource
UndisclosedClosed Dec 8, 2025
Jul 202401

Boeing buys Spirit AeroSystems Holdings

Seller: Spirit AeroSystems public shareholders

Aerostructures maker for commercial airplanes, defense platforms and business/regional jets

aerostructuresSource
$8.3 billionClosed Dec 8, 2025
Jun 202427

Madison Dearborn Partners takes a stake in OMNI

Provider of innovative and intuitive mission and enterprise software solutions to the DoD and Intelligence Community.

IT and government servicesintelligence communitySource
UndisclosedClosed
Jun 202425

Boeing buys Verocel

Seller: Verocel owners

UndisclosedClosed Jun 25, 2024
Jun 202420

Advent International sells CAES to Honeywell

Buyer: Honeywell

high-reliability radio frequency technologies for defense and space

C4ISR and electronicsSource
$1.9 billionClosed Aug 30, 2024
Jun 202418

Synergy ECP buys SPYROS

Backed by Falfurrias Capital Partners

A cyber operations firm which specializes in solving the Nation’s most difficult problems across the cyber domain.

cyberintelligence communityIT and government servicesSource
UndisclosedClosed
Jun 202411

Red Cat Holdings buys FlightWave Aerospace

Seller: FlightWave Aerospace Systems

Assets used in designing, developing, manufacturing, and selling long range, AI-powered UAVs for commercial use (the Edge 130 long-endurance VTOL fixed-wing system).

autonomy and dronesSource
$14 millionClosed Sep 5, 2024
Jun 202410

Clarity Innovations merges with Chameleon Consulting Group

Backed by Capitol Meridian Partners

provider of full spectrum cyber operations solutions and services

cyberIT and government servicesSource
UndisclosedClosed Jun 3, 2024
Jun 202410

Cognizant buys Belcan

Seller: AE Industrial Partners

Global supplier of Engineering Research & Development services for the commercial aerospace, defense, space, marine and industrial verticals

IT and government servicesMRO and sustainmentSource
$1.3 billionClosed Aug 26, 2024
Jun 202410

Booz Allen Hamilton buys PAR Government Systems

Seller: PAR Technology

Delivers services and solutions in strategic mission areas, including real-time communications and mobile situational awareness for a range of government customers.

C4ISR and electronicsIT and government servicesSource
$95 millionClosed Jun 7, 2024
Jun 202404

Joby Aviation buys Xwing autonomy division

Seller: Xwing

Autonomy division of Xwing, developer of the Superpilot autonomous flight technology for aviation

autonomy and dronesSource
UndisclosedClosed Jun 4, 2024
Jun 202404

Tyto Athene buys MindPoint Group

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A provider of end-to-end managed cybersecurity services to U.S. federal agencies and organizations

IT and government servicescyberSource
UndisclosedClosed Jun 30, 2024
Jun 202403

Curtiss-Wright buys Ultra Energy

Seller: Ultra Electronics · Backed by Advent International

A designer and manufacturer of reactor protection systems, neutron monitoring systems, radiation monitoring systems, and temperature and pressure sensors.

components and materialsnuclearSource
$201 millionClosed Dec 31, 2024
May 202430

TransDigm Group sells Calspan hypersonics and test systems business units to Cerberus Capital Management

Buyer: Cerberus Capital Management

Hypersonic and defense test systems, now operating as North Wind, a supplier of hypersonic and RDT&E systems and services.

munitions and missilesSource
UndisclosedClosed May 30, 2024
May 202430

Lockheed Martin Canada sells Commercial Engine Solutions, Montreal CFM56 engine MRO business to FTAI Aviation

Buyer: FTAI Aviation

$170 millionClosed Sep 9, 2024
May 202428

PrecisionX Group buys National Manufacturing

Backed by CORE Industrial Partners

a provider of specialty deep and shallow drawn stamping

components and materialsSource
UndisclosedClosed
May 202428

Cerberus Capital Management buys M1 Support Services

Provider of aircraft maintenance, repair and overhaul, modification, flight training, logistics support and supply chain management services to the U.S. Government.

MRO and sustainmentSource
UndisclosedClosed May 28, 2024
May 202428

Bernhard Capital Partners' government services platform buys Apogee

a government technology solutions provider

IT and government servicescyberspaceSource
UndisclosedClosed
May 202424

TransDigm Group buys Raptor Scientific

Manufactures complex test and measurement solutions primarily serving the aerospace and defense end markets.

components and materialsSource
$655 millionClosed Jul 31, 2024
May 202422

BV Investment Partners buys CyberSheath

A managed compliance, security, and IT provider for companies serving the Defense Industrial Base.

cyberIT and government servicesSource
UndisclosedClosed
May 202415

Textron eAviation GmbH buys Amazilia Aerospace

A developer of digital flight control, flight guidance and vehicle management systems for civil manned and unmanned aircraft, based in Munich, Germany

autonomy and dronesC4ISR and electronicsSource
UndisclosedClosed
May 202409

Arxis buys M-Wave Design

Backed by Arcline Investment Management

Designs and manufactures RF and microwave components, including isolators, circulators, adaptors, and terminations.

EW and sensorscomponents and materialsSource
UndisclosedClosed May 9, 2024
May 202406

Axon Enterprise buys Dedrone

Global leader in airspace security whose counter-drone systems detect, track, identify and, where permitted, mitigate drones

autonomy and dronesEW and sensorsSource
UndisclosedClosed Oct 1, 2024
May 202402

EnerSys buys Bren-Tronics

Seller: Bren-Tronics Holdings

Manufacturer of rechargeable batteries and portable power solutions for military and defense applications

components and materialsSource
$208 millionClosed Jul 26, 2024
May 2024 

Space NV sells Redu Space Services and Redu Operation Services joint ventures to SES Techcom

Buyer: SES Techcom

Joint ventures performing maintenance and operations services for the European Space Agency, in which Space NV held 48% and 52% stakes

spaceSource
$5 millionClosed May 2024
Apr 202429

CASE merges with CyberKinetics

Backed by AE Industrial Partners

Provider of cloud-based services and cyber solutions to the national security community, based in Herndon, Virginia

IT and government servicescyberintelligence communitySource
UndisclosedClosed Apr 29, 2024
Apr 202426

Boeing buys GKN Aerospace St. Louis facility

Seller: GKN Aerospace

UndisclosedClosed Apr 26, 2024
Apr 202422

Sigma Defense buys EWA

Backed by Sagewind Capital

An electronic warfare company headquartered in Herndon, Virginia, with over 47 years of experience developing and delivering EW capabilities.

EW and sensorsSource
UndisclosedClosed
Apr 202416

Bernhard Capital Partners' Department of Energy services platform buys SMSI

a provider of expert management and technical consulting services for federal and large industrial clients focused on nuclear programs and projects

nuclearIT and government servicesSource
UndisclosedClosed
Apr 202415

Accenture Federal Services buys Cognosante

a provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies

IT and government servicesSource
UndisclosedClosed May 20, 2024
Apr 202410

Washington Harbour Partners LP takes a stake in Raft

Modern technology and data-focused, advanced software engineering firm

C4ISR and electronicsIT and government servicesSource
$60 millionClosed May 2024
Apr 202410

Blue Delta Capital Partners takes a stake in Herrick Technology Labs

Provider of SIGINT (signals intelligence) and EW (electronic warfare) products

EW and sensorsintelligence communityC4ISR and electronicsSource
$25 millionClosed Apr 10, 2024
Apr 202409

Luxium Solutions takes Inrad Optics private

A provider of advanced optical components, assemblies and systems.

components and materialsEW and sensorsSource
$19 millionClosed Jul 2, 2024
Apr 202409

H.I.G. Capital buys Segers

Maintenance, repair and overhaul services on mission-critical military platforms, including engine, accessory and propeller services for C-130 and similar aircraft.

MRO and sustainmentSource
UndisclosedClosed Apr 9, 2024
Apr 202408

Tyto Athene buys Microtel

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A software development and systems engineering firm deeply embedded in long-term, space missions for NASA and international space programs

IT and government servicesspaceSource
UndisclosedClosed Apr 8, 2024
Apr 202405

Epiq Solutions buys Cyber Radio Solutions

Business that strengthened Epiq's high-performance RF capabilities

EW and sensorsC4ISR and electronicsSource
UndisclosedClosed
Apr 202405

L3Harris sells Antenna and related businesses to Affiliate of Kanders & Company

Buyer: Affiliate of Kanders & Company

$200 millionClosed May 31, 2024
Apr 202404

Shield AI buys Sentient Vision Systems

Australia-based leader in AI-enabled real-time situational awareness

C4ISR and electronicsautonomy and dronesSource
UndisclosedClosed
Apr 202401

Infinite Electronics sells KP Performance Antennas and RadioWaves to Alive Telecommunications

Buyer: Alive Telecommunications · Backed by Warburg Pincus

Two antenna brands of Infinite Electronics

C4ISR and electronicscomponents and materialsSource
UndisclosedClosed Apr 1, 2024
Apr 202401

Chesapeake Technology International buys Asymmetric Technologies

Backed by Bluestone Investment Partners

a developer of open-source technology, including the IronClad and Whisper products for flight autonomy and edge communications

autonomy and dronesC4ISR and electronicsSource
UndisclosedClosed
Apr 202401

Curtiss-Wright buys WSC

A provider of simulation technology that supports the design, commissioning, and reliable operation of commercial nuclear power generation and process plants.

nucleartraining and simulationSource
$34 millionClosed Apr 1, 2024
Mar 202426

Fairbanks Morse Defense buys AMMCON

A Jacksonville-based fittings and assembled components manufacturer

shipbuilding and maritimecomponents and materialsSource
UndisclosedClosed
Mar 202426

NAPC Defense buys CornerShot sales and production rights

Seller: Native American Pride Constructors

Rights to sale and production of the CornerShot firearms and surveillance technology, plus overseas munitions brokering leads

munitions and missilesSource
UndisclosedClosed
Mar 202426

Synergy ECP buys SoftTech Solutions

Backed by Falfurrias Capital Partners

A custom software development firm that specializes in serving the U.S. Intelligence Community.

IT and government servicescyberintelligence communitySource
UndisclosedClosed Mar 2024
Mar 202425

New Mountain Capital sells ILC Dover to Ingersoll Rand

Buyer: Ingersoll Rand

A designer and producer of solutions for biopharmaceutical, pharmaceutical and medical device markets and a supplier for the space industry.

components and materialsspaceSource
$2.33 billionClosed Jun 3, 2024
Mar 202422

Kratos Defense & Security Solutions buys Florida Turbine Technologies

Seller: Holders of the minority interests in KTT Core

The remaining 9.95 percent of the capital stock of KTT Core, the Kratos subsidiary that includes Florida Turbine Technologies, a turbomachinery design and manufacturing company.

propulsionSource
$22 millionClosed Jun 21, 2024
Mar 202419

Precise Systems buys JHT

Backed by Bluestone Investment Partners

a provider of advanced training and simulation solutions, based in Orlando, Florida

training and simulationSource
UndisclosedClosed Feb 16, 2024
Mar 202414

J.F. Lehman & Company buys Mission Microwave

Seller: GaAs Labs

Solid-State Power Amplifiers and Block Upconverters for the satellite communications market

spaceC4ISR and electronicscomponents and materialsSource
UndisclosedClosed Mar 14, 2024
Mar 202412

Teledyne Technologies buys Valeport

Designs and manufactures underwater sensors for environmental, energy, construction and defense applications.

EW and sensorsshipbuilding and maritimeSource
$35 millionClosed Apr 10, 2024
Mar 202407

Kittyhawk, backed by Trive Capital buys Stack HIP

Seller: Stack Metallurgical Group

Hot Isostatic Pressing services operator in Albany, Oregon with the largest high-pressure HIP vessels in North America.

components and materialsspaceSource
UndisclosedClosed
Mar 202407

Systems Planning & Analysis buys ManTech technical advisory services programs

Seller: ManTech · Backed by Arlington Capital Partners

ManTech's DARPA, Office of the Secretary of Defense Strategic Capabilities Office and select National Reconnaissance Office technical advisory services programs

IT and government servicesintelligence communitySource
UndisclosedClosed Mar 7, 2024
Mar 202405

McDanel Advanced Material Technologies buys Rayotek Scientific

Backed by Artemis Capital Partners

Specialty advanced materials manufacturer of optical window and mirror systems in sapphire, glass and fused silica

components and materialsEW and sensorsspaceSource
UndisclosedClosed
Mar 202404

AE Industrial Partners buys Calca Solutions

Manufacturer of hydrazine, based in Lake Charles, Louisiana

components and materialspropulsionspaceSource
UndisclosedClosed Mar 4, 2024
Mar 202404

Iridium Communications buys Satelles

A provider of satellite-based time and location services that complement and protect GPS and other GNSS systems.

spaceSource
$126 millionClosed Apr 1, 2024
Feb 202429

VSE buys Turbine Controls

Provider of aftermarket maintenance, repair and overhaul support services for complex engine components, as well as engine and airframe accessories, across commercial and military applications.

MRO and sustainmentSource
$120 millionClosed Apr 24, 2024
Feb 202429

VSE sells VSE Federal and Defense segment operating assets

Buyer: Undisclosed buyer

Substantially all of VSE's Federal and Defense segment operating assets, sold in two transactions with two buyers.

MRO and sustainmentIT and government servicesSource
$44 millionClosed Feb 2024
Feb 202429

Elbit Systems United Kingdom sells Elite KL

Buyer: Undisclosed buyer

wholly-owned subsidiary of Elbit Systems United Kingdom

UndisclosedClosed Feb 29, 2024
Feb 202426

kSARIA buys Charles E. Gillman

Backed by Behrman Capital

ISO9100-registered manufacturer of high-reliability electrical cables and harnesses for military ground vehicles and other ruggedized applications

land systemsC4ISR and electronicscomponents and materialsSource
UndisclosedClosed
Feb 202420

High Point Aerotechnologies buys Flex Force Enterprises

Backed by Highlander Partners

Maker of drone defeat and countermeasure technologies, including the Dronebuster counter-unmanned aircraft system (c-UAS) jammer.

EW and sensorsautonomy and dronesSource
UndisclosedClosed
Feb 202416

Fathom Digital Manufacturing Intermediate takes Fathom private

Backed by CORE Industrial Partners

an on-demand digital manufacturing services company, then listed on the NYSE

components and materialsSource
UndisclosedClosed May 21, 2024
Feb 202416

TCFIII Spaceco Holdings buys Rapid Machining Solutions

Backed by Trive Capital

Aviation and aerospace machining and design business; the buyer says it expands its design and manufacturing capabilities

aerostructurescomponents and materialsspaceSource
$26 millionClosed Feb 16, 2024
Feb 202413

BlueHalo merges with Eqlipse Technologies

Seller: Arlington Capital Partners

A provider of differentiated products and solutions to the Department of Defense and Intelligence Community

EW and sensorscyberintelligence communitySource
UndisclosedClosed Mar 1, 2024
Feb 202413

Teledyne Technologies buys Adimec

Develops customized high-performance industrial and scientific cameras for applications where image quality is of paramount importance.

$89 millionClosed Jun 4, 2024
Feb 202405

Arlington Capital Partners sells J&J Worldwide Services to CBRE Group

Buyer: CBRE Group

A provider of preventative maintenance, base support operations and facilities maintenance for the U.S. federal government

IT and government servicesMRO and sustainmentSource
Up to $1.05 billionClosed Feb 27, 2024
Jan 202429

HEICO buys Honeywell Boeing 737NG/777 Cockpit Display and Legacy Displays product lines

Seller: Honeywell International

Exclusive perpetual license and key assets to support the Boeing 737NG/777 Cockpit Displays and Legacy Displays product lines.

MRO and sustainmentcomponents and materialsSource
UndisclosedClosed Dec 2023
Jan 202425

Arlington Capital Partners buys Metal Trades

Related platform: Keel

Acquired alongside Merrill Technologies Group and merged with Pegasus Steel to form Keel, a manufacturer of complex structures for Navy, Army and Air Force programs

shipbuilding and maritimecomponents and materialsSource
UndisclosedClosed
Jan 202425

Arlington Capital Partners buys Merrill Technologies Group

Related platform: Keel

Acquired alongside Metal Trades and merged with Pegasus Steel to form Keel, a manufacturer of complex structures for Navy, Army and Air Force programs

shipbuilding and maritimecomponents and materialsSource
UndisclosedClosed
Jan 202419

Arcline Investment Management takes Kaman private

Makes proprietary aircraft bearings and components, wheels and brakes, aerostructures, and safe and arming solutions for missile and bomb systems for the U.S. and allied militaries

aerostructuresautonomy and dronescomponents and materialsSource
$1.8 billionClosed Apr 19, 2024
Jan 202416

CORE Industrial Partners buys Aviation Concepts

a provider of mission-critical, rotable components to the aftermarket commercial aviation industry

MRO and sustainmentSource
UndisclosedClosed Jan 16, 2024
Jan 202415

Survitec buys Vinyl Technology

Backed by Searchlight Capital Partners

US contract manufacturer of custom-made plastic and industrial fabric products for military and high-end markets, in Monrovia, California

components and materialsSource
UndisclosedClosed Jan 15, 2024
Jan 202411

Barnes Group sells Associated Spring and Hänggi to One Equity Partners

Buyer: One Equity Partners

Leaders in engineered spring and precision metal component manufacturing, progressive stamping, micro-stamping, and fine blanking, part of Barnes' Motion Control Solutions unit.

components and materialsSource
$175 millionClosed Apr 4, 2024
Jan 202408

Comply365 merges with Vistair

Backed by Liberty Hall Capital Partners

merged with Comply365 to create a provider of compliance, safety and data intelligence technologies

IT and government servicesSource
UndisclosedClosed Jan 8, 2024
Jan 202408

Crimson Phoenix buys Cyberspace Solutions

Seller: Illuminate Operations · Backed by Godspeed Capital Management LP

A provider of all-source intelligence gathering, analysis, and systems development solutions for national security missions.

intelligence communityIT and government servicesSource
UndisclosedClosed
Jan 202404

Arlington Capital Partners buys Walbar

Related platform: Kinetic Engine Systems

Acquired to form Kinetic Engine Systems, a platform for precision aerospace and defense engine components

propulsioncomponents and materialsSource
UndisclosedClosed
Jan 202404

Arlington Capital Partners buys AeroCision

Related platform: Kinetic Engine Systems

Acquired to form Kinetic Engine Systems, a platform for precision aerospace and defense engine components

propulsioncomponents and materialsSource
UndisclosedClosed
Jan 202404

Arlington Capital Partners buys Numet

Related platform: Kinetic Engine Systems

Acquired to form Kinetic Engine Systems, a platform for precision aerospace and defense engine components

propulsioncomponents and materialsSource
UndisclosedClosed
Jan 2024 

GD-OTS sells Mk 47 40mm Advanced Lightweight Grenade Launcher incl. fire control to Colt CZ Group

Buyer: Colt CZ Group

UndisclosedClosed Jan 2024

2024: the largest disclosed price is Boeing's $8.3 billion for Spirit AeroSystems Holdings

The largest disclosed prices announced in 2024.

ClosedAnnounced or pending
Boeing – Spirit AeroSystems Holdings $8.3B
AeroVironment – BlueHalo $4.1B
Apollo Funds – Barnes Group $3.6B
Ingersoll Rand – ILC Dover $2.33B
Honeywell – CAES $1.9B
Arcline Investment Management – Kaman $1.8B
Cognizant – Belcan $1.3B
CACI International – Azure Summit Technology $1.27B

Source: company, investor and government releases and SEC filings.

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