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Tracker · Deals and capital

Defense Industry M&A: 2026

Defense deals announced in 2026

Nov 202605

Swift Ascent buys MMAX

Backed by Bluestone Investment Partners

A firm specializing in space technologies and acquisition, supporting the Intelligence Community with business, strategy, and engineering management services.

intelligence communityspaceIT and government servicesOur briefSource
UndisclosedClosed
Nov 202605

Shield AI agrees to buy Echodyne

Designs and manufactures compact, solid-state radars using its patented Metamaterials Electronically Scanned Array (MESA) technology.

EW and sensorsautonomy and dronesOur briefSource
Up to $5.3 billionPending
Nov 202604

Signia Aerospace agrees to buy Heads Up Technologies

Seller: JLL Partners · Backed by Arcline Investment Management

Provider of aircraft cabin systems, lighting and passenger-experience technologies, headquartered in Addison, Texas.

components and materialsSource
UndisclosedPending
Nov 202603

Windward buys Azimut.ai

a maritime visual intelligence company

C4ISR and electronicsEW and sensorsOur briefSource
UndisclosedClosed
Nov 202603

Delphinus Engineering agrees to buy Professional Analysis

Backed by Bluestone Investment Partners

Alexandria, Virginia, provider of logistics, materials management and program support services to the U.S. Navy, U.S. Marine Corps and other Department of War customers

MRO and sustainmentshipbuilding and maritimeOur briefSource
UndisclosedAnnounced
Oct 202630

CIRCOR agrees to buy Green Silence Group

Backed by KKR

Italian provider of hydraulic pumps, electric motors and advanced engineering solutions

components and materialsshipbuilding and maritimeSource
UndisclosedPending
Oct 202629

Salesforce agrees to buy Rune Technologies

Edge-native technology provider building solutions for logistics and sustainment operations for the U.S. military and allied nations

IT and government servicesMRO and sustainmentSource
UndisclosedPending
Oct 202627

T3 Defense buys KeepZone AI

Seller: Nexera Technologies

a homeland security technology distribution, integration and marketing company

C4ISR and electronicsEW and sensorsautonomy and dronesOur briefSource
$2 millionClosed Nov 4, 2026
Oct 202627

EnerSys agrees to buy Ultralife

Maker of mission-critical battery, power, communications and compute solutions for government/defense, medical, oil & gas and industrial markets.

components and materialsautonomy and dronesmunitions and missilesOur briefSource
$320 millionPending
Oct 202627

Hanwha Defense USA agrees to buy Hanwha Philly Shipyard

Seller: Hanwha Systems

Philadelphia shipyard being transitioned to a dual-use yard building for the U.S. Navy and commercial customers.

shipbuilding and maritimeOur briefSource
UndisclosedPending
Oct 202626

Partner Companies buys F&B MFG

Phoenix-based specialty metal manufacturer and hydroforming specialist serving aerospace and defense, technology and transportation customers.

aerostructurescomponents and materialsOur briefSource
UndisclosedClosed
Oct 202621

Tide Rock buys Electro-Spec

Specialty plating and surface finishing company in Franklin, Indiana and Lexington, South Carolina.

components and materialsOur briefSource
UndisclosedClosed
Oct 202620

Elbit Systems buys ISE

Canada-based developer and manufacturer of autonomous underwater vehicles, remotely operated vehicles, computer control systems and robotics.

autonomy and dronesshipbuilding and maritimeOur briefSource
UndisclosedClosed
Oct 202620

Partner Companies buys Advanced CNC Industries

Temecula, California precision CNC machining and engineering company, folded into TPC's optics business Optiforms

components and materialsSource
UndisclosedClosed
Oct 202620

Threadlock Precision buys Service & Sales

Backed by D. E. Shaw group

Tempe, Arizona maker of hydraulic tube bending and fabrication, precision machining, welding, assembly and pressure testing for aerospace and defense applications

aerostructurescomponents and materialsOur briefSource
UndisclosedClosed
Oct 202619

Arlington Capital Partners takes Gooch & Housego private

UK-based designer and manufacturer of photonic and optical components and subsystems for aerospace & defense, industrial and life sciences markets.

EW and sensorscomponents and materialsOur briefSource
UndisclosedClosed
Oct 202619

Rheinmetall and MSC agree to buy Mangalia shipyard

Romanian shipyard south of Constanța to be developed as a dual-use site for civil and military shipbuilding.

shipbuilding and maritimeOur briefSource
UndisclosedPending
Oct 202619

Red Cat Holdings agrees to buy Steyr Motors

Austrian developer and producer of customized special engines, used primarily in military special vehicles, boats and auxiliary power units

propulsionautonomy and dronesshipbuilding and maritimeOur briefSource
UndisclosedPending
Oct 202619

Maximus agrees to buy Agile Defense

Seller: Arclight Equity Holdings · Backed by Enlightenment Capital

Cybersecurity, digital transformation, data analytics and AI services for defense and national security customers, based in McLean, Virginia

IT and government servicescyberintelligence communityOur briefSource
Up to $660 millionPending
Oct 202619

NexTech Solutions buys Halcyon Days Consulting

Backed by Clairvest

A Stevensville, Maryland-based defense technology company that engineers tactical mission networks and operational software for the U.S. military and its allied partners.

C4ISR and electronicsIT and government servicesOur briefSource
UndisclosedClosed
Oct 202615

Nuburu, Inc., through Nuburu Defense buys Tekne

Seller: Tekne's existing shareholders

Italian company with a vehicle and RF frequency-interdiction business.

EW and sensorsland systemsSource
UndisclosedClosed Oct 15, 2026
Oct 202614

Hyperion Materials & Technologies buys Ultra-Met

Urbana, Ohio manufacturer of custom-molded tungsten carbide products for defense, aerospace and general industrial manufacturing

components and materialsOur briefSource
UndisclosedClosed Oct 1, 2026
Oct 202613

Fathom Digital Manufacturing buys Precision Grinding & Manufacturing

Backed by CORE Industrial Partners

Rochester, New York precision manufacturer of CNC machined, milled, turned, ground, lapped and honed components for aerospace and defense customers

components and materialsSource
UndisclosedClosed
Oct 202613

Fathom Digital Manufacturing buys TCS Industries and TCS Electronics

Backed by CORE Industrial Partners

Rochester, New York maker of precision CNC machining, sheet metal fabrication, electro-mechanical box builds, PCB assemblies and cable and wire harnesses for aerospace and defense customers

components and materialsC4ISR and electronicsSource
UndisclosedClosed
Oct 202613

Precise Aerospace & Defense buys Precise Metal Products

Seller: Staple Street Capital · Backed by ATL Partners

A provider of critical airflow management solutions for engine system, auxiliary power unit, and environmental control system applications, based in Phoenix, Arizona.

aerostructurescomponents and materialsOur briefSource
UndisclosedClosed
Oct 202609

Microchip Technology buys VORAGO Technologies

Privately held provider of radiation-hardened and radiation-tolerant microcontrollers (MCUs) and microprocessors (MPUs), based in Austin, Texas.

C4ISR and electronicscomponents and materialsspaceSource
UndisclosedClosed
Oct 202609

AURELIUS buys Marshall Aerospace

Seller: Marshall Group

British aerospace and defence specialist in military maintenance, repair and overhaul (MRO), applied aerospace engineering and multi-domain advanced manufacturing.

MRO and sustainmentcomponents and materialsOur briefSource
UndisclosedClosed Oct 8, 2026
Oct 202608

Antenna Research Associates agrees to merge with Empower RF Systems

Backed by OceanSound Partners

A developer and manufacturer of high-power solid-state RF and microwave amplifiers.

EW and sensorsC4ISR and electronicscomponents and materialsSource
UndisclosedAnnounced
Oct 202605

Science Applications International buys Information Security

Delivers public key infrastructure (PKI), encryption, and credential management software to organizations in government and industry

cyberintelligence communitySource
UndisclosedClosed Oct 5, 2026
Oct 202602

Anduril Industries buys Popoto Modem

Massachusetts-based underwater acoustics company whose modems enable mesh networking between autonomous underwater vehicles

C4ISR and electronicsautonomy and dronesshipbuilding and maritimeSource
UndisclosedClosed Oct 2, 2026
Oct 202601

Funds managed by Blackstone agree to buy ASEI

Combined with TSC under Falcata, which develops and produces sensing, guidance, navigation and control technologies for missile defense and other national security missions

munitions and missilesEW and sensorsSource
UndisclosedPending
Oct 202601

Funds managed by Blackstone agree to buy TSC

Combined with ASEI under Falcata, which develops and produces sensing, guidance, navigation and control technologies for missile defense and other national security missions

munitions and missilesEW and sensorsSource
UndisclosedPending
Sep 202629

Greenbriar Equity Group agrees to buy Spectrum Control

Seller: AEA Investors

An independent developer and manufacturer of highly engineered radio frequency (RF) components and subsystems enabling analog-to-digital communications across defense and high-reliability industrial end markets.

C4ISR and electronicscomponents and materialsSource
UndisclosedPending
Sep 202629

Capitol Meridian Partners agrees to buy RH Aero Systems

Seller: RH Aero shareholders, including the Moeller family

global provider of aviation support equipment and services

MRO and sustainmentSource
UndisclosedPending
Sep 202629

Optikos buys Omega Optical

Seller: Artemis Capital Partners

Precision optical coatings and component designer and manufacturer

EW and sensorscomponents and materialsSource
UndisclosedClosed Sep 29, 2026
Sep 202629

Department of War takes a stake in Hertha Metals

Maker of high-purity iron for domestic rare earth magnets

components and materialsSource
$65 millionClosed Sep 29, 2026
Sep 202628

REDLattice agrees to go public through Bold Eagle Acquisition

Backed by AE Industrial Partners

Operational cyber intelligence platform delivering lawful intercept, vulnerability research and intelligence acquisition solutions to government agencies

cyberintelligence communityOur briefSource
$1.25 billionPending
Sep 202628

AAR agrees to buy MRO Holdings

Seller: MROH Intermediate Holdco · Backed by Bain Capital

A global provider of aircraft maintenance, repair and overhaul (MRO) with facilities in El Salvador, Mexico, Colombia and the United States

MRO and sustainmentOur briefSource
$4 billionPending
Sep 202623

Pfingsten buys Next Point Bearing Group

A value-added distributor of precision and miniature bearings and related power transmission components

components and materialsSource
UndisclosedClosed Sep 1, 2026
Sep 202622

Cambium Networks sells Cambium Networks defense business and certain fixed broadband product lines to Airspan Communications Limited

Buyer: Airspan Communications Limited

The defense business and certain fixed broadband product lines of Cambium Networks.

C4ISR and electronicsSource
Up to $28 millionClosed Sep 22, 2026
Sep 202618

H.I.G. Capital agrees to take MISTRAS Group private

Technology-enabled industrial asset integrity and laboratory testing solutions, listed on the NYSE.

MRO and sustainmentSource
$866 millionAnnounced
Sep 202614

Department of War takes a stake in Elmet Group

Only U.S.-owned, fully integrated producer of tungsten and molybdenum materials and components

components and materialsmunitions and missilesSource
Up to $450 millionClosed Sep 14, 2026
Sep 202614

Ondas buys GATE Technologies

Seller: Gate and Bron shareholders

Israeli-based defense technology company specializing in Electronic Safe & Arm Devices and advanced electronic fuzing technologies, acquired with Bron Technologies, its European manufacturing and certification affiliate.

autonomy and dronescomponents and materialsmunitions and missilesSource
Up to $205 millionClosed Sep 14, 2026
Sep 202613

Viasat, Inc. and Space42: joint venture Equatys

A new company to build a shared space and ground infrastructure platform for direct-to-device and advanced mobile satellite services connectivity.

spaceSource
UndisclosedPending
Sep 202610

Swarmer agrees to buy Ratel Robotics

Manufacturer of unmanned ground vehicles in Ukraine

autonomy and dronesland systemsSource
Up to $224 millionPending
Sep 202609

Goodwin agrees to sell Mechanical Engineering Division of Goodwin to Cerberus Capital Management

Buyer: Cerberus Capital Management

High-integrity engineered solutions for aerospace and defence, nuclear, power and mining customers, with proprietary design and advanced manufacturing.

components and materialsnuclearshipbuilding and maritimeSource
UndisclosedPending
Sep 202609

Unusual Machines takes a stake in XTEND AI Robotics

A Physical AI company with software systems and robotic hardware, operating across Defense, Homeland Security, and Commercial Security missions; an existing Unusual Machines customer.

autonomy and dronesSource
$20 millionClosed
Sep 202608

Warburg Pincus and Berkshire Partners agree to sell Consolidated Precision Products to GE Aerospace

Buyer: GE Aerospace

manufactures highly engineered castings and sub-assemblies primarily for the commercial aerospace and defense markets

components and materialspropulsionSource
$11.75 billionPending
Sep 202604

Unite Acquisition 2 merges with Blue Laser Fusion

Pre-revenue developer of laser technology pursuing pulsed laser applications in directed energy defense and fusion energy.

EW and sensorsSource
UndisclosedClosed Sep 4, 2026
Sep 202602

FDH Electronics, an FDH Aero division buys Peerless Electronics

Backed by Audax Private Equity

a franchised distributor of electromechanical components, supplying switches, circuit breakers, sensors, and relays to aerospace, defense, and industrial customers

components and materialsC4ISR and electronicsSource
UndisclosedClosed Sep 2, 2026
Sep 202601

Tekever buys Flowcopter

Edinburgh-based engineering company behind a hydraulic transmission technology for aerospace propulsion that lets unmanned aerial systems carry heavier payloads over greater distances

autonomy and dronespropulsionSource
UndisclosedClosed Sep 1, 2026
Sep 202601

Canopy Aerospace & Defense buys Aviotec

Backed by Trive Capital

Turin, Italy-based supplier of multi-layer insulation (MLI) blankets and electrical harnesses for satellites and spacecraft.

spacecomponents and materialsSource
UndisclosedClosed
Aug 202631

Department of War agrees to take a stake in Alcoa Wagerup gallium facility

A new gallium production facility to be constructed at Alcoa's Wagerup alumina refinery, which Alcoa of Australia will operate

components and materialsSource
$174 millionAnnounced
Aug 202628

Department of War agrees to take a stake in Atalco

Operator of the last remaining domestic alumina refinery, in Gramercy

components and materialsSource
$100 millionAnnounced
Aug 202625

Ursa Major agrees to go public through Bleichroeder Acquisition Corp. III

Aerospace and defense company building hypersonics, solid rocket motors and space mobility systems

munitions and missilespropulsionspaceSource
$1.6 billionPending
Aug 202624

TJC agrees to buy 3dB Labs

a provider of radio frequency signal processing and spectrum analysis solutions; TJC calls its deal a strategic investment made in partnership with the founders and management, who retain significant ownership, and does not state the stake

EW and sensorsintelligence communitySource
UndisclosedPending
Aug 202621

AeroVironment: joint venture AV Eagle

Joint venture of AeroVironment and Athens-based Eyeonix SA to establish an industrial presence in Greece; expected activities include potentially a new facility to manufacture and assemble unmanned aerial systems, loitering munition systems and counter-unmanned aircraft systems.

autonomy and dronesmunitions and missilesSource
UndisclosedPending
Aug 202617

TTM Technologies buys Epiq Solutions

Seller: EDS TopCo, LP

Provider of open-architecture, AI-enabled software-defined radios, high-performance RF products and radiation-tolerant space compute solutions

C4ISR and electronicsEW and sensorsspaceSource
$1.1 billionClosed Sep 30, 2026
Aug 202612

AEVEX buys BlackSea Technologies

Seller: Black Sea Technologies · Backed by Madison Dearborn Partners

One of the largest providers of unmanned surface and subsea vessels in the U.S. defense market

autonomy and dronesshipbuilding and maritimeSource
$600 millionClosed Sep 8, 2026
Aug 202611

Joby Aviation agrees to buy Resonant Sciences

Seller: Cerberus Capital Management

Designs, manufactures and delivers advanced RF and mission systems for U.S. national security customers.

EW and sensorsC4ISR and electronicsSource
$500 millionPending
Aug 202610

AE Industrial Partners buys Attilius Technologies

Vertically integrated national security intelligence platform, formed through the acquisition and rebranding of a provider of data intelligence and analytic solutions

IT and government servicesintelligence communitySource
UndisclosedClosed
Aug 202610

Teledyne Technologies agrees to buy Varex Imaging

Innovator, designer, and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors, and other image processing solutions.

$1.1 billionPending
Aug 202610

Boeing agrees to sell Wisk Aero, Insitu and SkyGrid to Archer Aviation

Buyer: Archer Aviation

UndisclosedPending
Aug 202607

Department of War agrees to take a stake in Strategic Bauxite USA

Refractory-grade bauxite supply chain business that will acquire and expand the First Bauxite (FBX) mine in Guyana and develop calcination facilities

components and materialsSource
$86 millionAnnounced
Aug 202605

Gryphon Investors agrees to sell Jensen Hughes to New Mountain Capital

Buyer: New Mountain Capital

A company focused on fire protection engineering, nuclear risk engineering and related safety consulting services.

nuclearSource
UndisclosedPending
Aug 202605

Precise Systems buys Ternion

Backed by Bluestone Investment Partners

a Huntsville, Alabama-based developer of advanced modeling and simulation software, creator of the FLAMES simulation framework

training and simulationSource
UndisclosedClosed
Aug 202604

Veritas Capital agrees to buy Steampunk for combination with MetroStar

Federal contractor serving Homeland, Federal Civilian, Health, and Defense clients

IT and government servicesSource
UndisclosedPending
Aug 202603

BWX Technologies agrees to sell BWXT medical business to Nordic Capital

Buyer: Nordic Capital

BWXT Medical and Kinectrics' stable medical isotopes business; BWXT will retain a minority ownership stake in the divested business.

nuclearSource
Up to $800 millionPending
Jul 202631

Space-Eyes agrees to go public through McKinley Acquisition

Provider of geospatial intelligence and AI-driven counter-unmanned aerial systems

EW and sensorsC4ISR and electronicsSource
$638 millionPending
Jul 202628

Leonardo DRS agrees to buy Raft

Provides open-architecture mission software, specializing in multi-domain data fusion and artificial intelligence (AI) that supports real-time situational awareness and faster operational decision-making for national security customers.

C4ISR and electronicsSource
$450 millionPending
Jul 202627

Wynnchurch Capital agrees to take Luxfer private

A global manufacturer of highly engineered advanced materials and components, through its Elektron and Gas Cylinders segments.

components and materialsSource
UndisclosedPending
Jul 202627

Micross Components agrees to buy AEMtec

Seller: Capiton · Backed by Behrman Capital

Provider of complex micro- and optoelectronic modules, advanced packaging, test and assembly services for high-reliability applications, headquartered in Berlin, Germany

C4ISR and electronicscomponents and materialsSource
UndisclosedPending
Jul 202627

TransDigm Group agrees to buy Prince & Izant

Seller: Industrial Growth Partners

Designer and manufacturer of highly engineered brazing alloys and specialty metal components, headquartered in Cleveland, Ohio.

components and materialspropulsionSource
$1.07 billionPending
Jul 202624

Mobix Labs agrees to buy Vision Aerial

American drone manufacturer of industrial drones, based in Bozeman, Montana

autonomy and dronesSource
UndisclosedPending
Jul 202623

LightPath Technologies sells LightPath Zhenjiang to Hengtu Optical Technology

Buyer: Hengtu Optical Technology

LightPath's wholly owned optics subsidiary in China, including its manufacturing facility and operations

EW and sensorscomponents and materialsSource
$4 millionClosed Oct 30, 2026
Jul 202623

Tinicum, L.P. and affiliated funds managed by Tinicum agree to buy GracoRoberts

Seller: CM Equity Partners

a value-added distributor of specialty chemicals and advanced composite materials to the aerospace and defense industry

components and materialsMRO and sustainmentSource
UndisclosedAnnounced
Jul 202623

Boeing sells its 50% interest in HRL Laboratories to IBM

Buyer: IBM

UndisclosedClosed Aug 26, 2026
Jul 202622

Tinicum agrees to sell Astrodyne TDI to TE Connectivity

Buyer: TE Connectivity

a provider of advanced power management and filtering solutions for mission critical industrial applications

C4ISR and electronicscomponents and materialsSource
$1.4 billionPending
Jul 202621

Innovative Solutions and Support buys Aydin Displays

Seller: Sparton

Designs and builds ruggedized displays for defense and commercial applications across ground, sea and air environments.

components and materialsC4ISR and electronicsSource
$24 millionClosed Jul 21, 2026
Jul 202621

Bluestone Investment Partners agrees to buy Delphinus Engineering

a provider of maintenance, modernization and industrial services supporting the U.S. Navy and maritime defense community

shipbuilding and maritimeMRO and sustainmentSource
UndisclosedAnnounced
Jul 202620

Bain Capital agrees to buy SupplyOn

Seller: AUMOVIO, Bosch, Schaeffler, and ZF

a supply chain collaboration platform serving the automotive, aerospace and defense, and other advanced manufacturing sectors across Europe

IT and government servicesSource
UndisclosedPending
Jul 202620

Karman Holdings buys Walker Precision Engineering

Backed by Trive Capital

Glasgow, Scotland-based manufacturer of precision engineered components and integrated manufacturing solutions supporting missile seekers, guidance systems and control systems

components and materialsmunitions and missilesSource
$95 millionClosed Aug 28, 2026
Jul 202616

Trive Capital sells Kittyhawk to Machine Sciences, a portfolio company of Viking Global

Buyer: Machine Sciences, a portfolio company of Viking Global

Provider of Hot Isostatic Pressing (HIP) services for space, commercial aerospace, defense and power generation end-markets.

components and materialsspaceSource
UndisclosedClosed May 21, 2026
Jul 202613

Stryten Energy buys C&D Trojan

Seller: KPS Capital Partners, LP · Backed by Atlas Holdings

Battery maker; the combined company serves transportation, industrial, essential power, and military and government markets

components and materialsSource
UndisclosedClosed Oct 1, 2026
Jul 202607

Highwater agrees to buy AMP United

Related platform: Highwater

A U.S. provider of naval preservation, structural and scaffolding services

MRO and sustainmentshipbuilding and maritimeSource
UndisclosedAnnounced
Jul 202607

Sentry Aerospares buys AirStart

Backed by Acorn Capital Management

An independent stocking distributor of rotable aircraft components with a strong focus on regional platforms, and a recognized leader in the Canadian market.

MRO and sustainmentcomponents and materialsSource
UndisclosedClosed
Jul 202606

T3 Defense buys Project 35

Seller: X S.A. Security and Defense

Israeli unmanned aerial platform maker developing the HY-380, an autonomous man-portable aerial interceptor, and a counter-UAV suite.

autonomy and dronesEW and sensorsSource
UndisclosedClosed Jul 6, 2026
Jul 202606

Capitol Meridian Partners buys Westway Enterprises

provider of ICD 705–accredited classified workspace, delivered as a service

intelligence communitySource
UndisclosedClosed
Jul 202606

Advent International takes a stake in Avio

a company focused on space and defense propulsion (Advent's description); Avio plans to establish itself as a merchant supplier of solid rocket motors in the United States

propulsionspaceSource
UndisclosedClosed Sep 24, 2026
Jul 202606

Lockheed Martin buys Ultra Maritime

Seller: Cobham Ultra

a company focused on next-generation undersea warfare solutions

EW and sensorsshipbuilding and maritimeSource
$3.45 billionClosed Oct 26, 2026
Jul 202603

RENK Group AG agrees to buy David Brown Defence

Seller: Stellex Capital Management

UK-based specialist in high-precision gearboxes for the naval and land defense sectors

propulsionshipbuilding and maritimeland systemsSource
UndisclosedPending
Jul 202602

Ondas buys DZYNE Technologies

Seller: Highlander Partners Defense

U.S.-based defense technology company specializing in long-endurance autonomous aircraft, counter-UAS systems and autonomous effects

C4ISR and electronicsEW and sensorsautonomy and dronesSource
$875 millionClosed Jul 2, 2026
Jul 202602

Wrist Group agrees to buy Military Services Australia

Backed by J.F. Lehman & Company

Husbanding and maritime logistics services supporting defense and naval operations across Australia and the Indo-Pacific

shipbuilding and maritimeMRO and sustainmentSource
UndisclosedAnnounced
Jul 202601

Arcline Investment Management agrees to buy Avantus Aerospace Group Limited

Seller: Inflexion

Provider of engineered shims and fasteners for the global aerospace and defense industries.

aerostructurescomponents and materialsSource
UndisclosedAnnounced
Jul 2026 

Bluestone Investment Partners agrees to buy Swift Ascent

a provider of mission-critical support, with subject matter experts in software development, artificial intelligence, cyber, and aerospace technology

intelligence communityIT and government servicesSource
UndisclosedAnnounced
Jun 202630

VisionWave Holdings agrees to buy Meteor Aerospace

Privately held Israeli aerospace and defense company with a portfolio of advanced unmanned systems, precision defense technologies and integrated national security solutions (51% controlling interest)

autonomy and dronesEW and sensorsC4ISR and electronicsSource
$20 millionPending
Jun 202629

H.I.G. Capital buys Premier Forge Group

Manufacturer of highly complex, mission-critical forged components for aerospace, defense, and specialty industrial applications.

components and materialsSource
UndisclosedClosed Jun 29, 2026
Jun 202629

Rocket Lab agrees to buy Iridium

Operates the world's only truly global mobile satellite network, delivering voice, data, and positioning, navigation, and timing (PNT) services.

C4ISR and electronicsspaceSource
$8 billionPending
Jun 202626

Elroy Air agrees to go public through Columbus Circle Capital Corp. II

Developer of the Chaparral, an autonomous hybrid-electric VTOL aircraft for heavy cargo delivery

autonomy and dronesSource
$800 millionPending
Jun 202626

TJC takes Luna Innovations private

a company focused on advanced fiber optic-based technology

EW and sensorscomponents and materialsSource
UndisclosedClosed Sep 18, 2026
Jun 202625

Bain Capital agrees to buy Everllence

Seller: Volkswagen Group

developer and manufacturer of 2-stroke and 4-stroke marine and power engines and turbomachinery

propulsionshipbuilding and maritimeSource
UndisclosedPending
Jun 202625

Firefly Aerospace buys Space-ng

Backed by AE Industrial Partners

Provider of AI-powered vision navigation and autonomous guidance systems

autonomy and dronesspaceSource
$16 millionClosed Jun 25, 2026
Jun 202623

Bristow Group buys Berry Aviation

Seller: Acorn Capital Management

A provider of specialized aviation services to U.S. government and commercial customers, headquartered in San Marcos, Texas.

MRO and sustainmentautonomy and dronesC4ISR and electronicsSource
$105 millionClosed Jul 2026
Jun 202622

Booz Allen Hamilton buys Ultra I&C Mission Solutions

Seller: Cobham Ultra Group

A defense technology business that develops mission-critical software, edge-compute, and encryption products.

C4ISR and electronicscyberSource
$720 millionClosed Aug 24, 2026
Jun 202619

RTX agrees to sell Blue Canyon Technologies to MDA Space

Buyer: MDA Space

$620 millionPending
Jun 202618

Forged Solutions Group buys Custom Alloy

Backed by J.F. Lehman & Company

Manufacturer of forged components; vertically integrated provider of specialized forgings, fittings and pipe to defense and industrial end users

shipbuilding and maritimecomponents and materialsnuclearSource
UndisclosedClosed Jun 18, 2026
Jun 202617

Arcline Investment Management takes AstroNova private

Provider of mission-critical identification and marking solutions; its Aerospace segment makes flight-deck printers, network switches and data acquisition products.

C4ISR and electronicscomponents and materialsSource
UndisclosedClosed Aug 26, 2026
Jun 202617

TTM Technologies agrees to buy ILFA

Hannover, Germany-based provider of complex PCB solutions

components and materialsSource
UndisclosedPending
Jun 202617

TTM Technologies agrees to buy Swiss Technology Group AG

Zurich-based maker of rigid, rigid-flex and flex printed circuit boards and miniaturized microcircuits, primarily for the Medical end market

components and materialsSource
UndisclosedPending
Jun 202617

Ondas takes a stake in FPF Defense

Defense technology company that develops low-cost, high-volume counter-drone interceptors for U.S. and allied defense.

autonomy and dronesmunitions and missilesSource
$5 millionClosed Jun 17, 2026
Jun 202617

GD European Land Systems agrees to buy Faurecia exhaust-systems plant, Augsburg, Germany

Seller: Forvia

UndisclosedPending
Jun 202616

Olin agrees to merge with Huntsman

a portfolio of polyurethane systems, formulation technologies and advanced materials

munitions and missilescomponents and materialsSource
UndisclosedPending
Jun 202611

Woven Solutions agrees to buy Insignis

Backed by Falfurrias Management Partners

A specialized provider of systems engineering and software development solutions in support of critical cyber operations.

cyberIT and government servicesSource
UndisclosedAnnounced
Jun 202610

HEICO buys CalRamic Technologies

Designs and manufactures high-voltage ceramic capacitors for high-reliability applications.

components and materialsSource
UndisclosedClosed Jun 2026
Jun 202609

Hallmark Venture Group buys Sundori drone technology portfolio

Seller: Sundori Drone Co., Ltd. and Cho Sun Sik

A worldwide portfolio of drone technology comprising twelve Korean patents and a body of worldwide trade secrets, manufacturing and engineering know-how, freedom-to-practice rights and foreign filing rights.

autonomy and dronesSource
UndisclosedClosed Jun 9, 2026
Jun 202609

Tyto Athene buys Ready Support Services

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A provider of mission-tailored enterprise service management and cloud migration for U.S. intelligence agencies

IT and government servicesintelligence communitySource
UndisclosedClosed Jun 9, 2026
Jun 202608

Quantum Space agrees to go public through Inflection Point Acquisition Corp. VI

Builder of maneuverable spacecraft, including its Ranger platform

spaceSource
$600 millionPending
Jun 202608

Bain Capital Private Equity agrees to buy FDH Aero

Seller: Audax Private Equity

a global provider of supply chain solutions for the aerospace and defense industry, specializing in hardware, electrical products, and consumables and expendables

components and materialsMRO and sustainmentSource
UndisclosedPending
Jun 202608

Arcline Investment Management agrees to take Continental Aerospace Technologies private

Seller: Aviation Industry Corporation of China

Designer and manufacturer of piston aircraft engines and provider of related aftermarket products and services for the general aviation market.

propulsionMRO and sustainmentSource
$535 millionAnnounced
Jun 202604

York Space Systems buys Solestial

Backed by AE Industrial Partners

Provider of next-generation space solar technology, based in Arizona

components and materialsspaceSource
$72 millionClosed Jun 4, 2026
Jun 202604

ATC Group buys Aero Controls

Backed by AE Industrial Partners

FAA-certified provider of specialized, precision-engineered component MRO services, based in Seattle

MRO and sustainmentSource
UndisclosedClosed
Jun 202603

HEICO buys Cook Defence Systems

Seller: William Cook Holdings

Designs and manufactures track systems, mobility solutions, and armored steel components for military fighting vehicles.

land systemscomponents and materialsSource
UndisclosedClosed Jun 2026
Jun 202602

RTC Aerospace agrees to buy Automatic Products

Backed by Stellex Capital Management

components and materialsSource
UndisclosedAnnounced
Jun 202602

OMNI agrees to buy Nara Logics

Backed by Madison Dearborn Partners

A Boston-based artificial intelligence company known for its advanced decision-intelligence platform and neuro-inspired AI technologies, serving U.S. federal government and DoW customers

IT and government servicesSource
UndisclosedAnnounced
Jun 202602

Valiant Solutions buys BreakPoint Labs

Backed by Bluestone Investment Partners

a highly specialized cybersecurity company delivering AI-enabled cyber operations, adversarial threat emulation and red team operations, and modern DevSecOps capabilities

cyberSource
UndisclosedClosed
Jun 202602

Arxis buys MagCanica

Seller: Its founders and employees · Backed by Arcline Investment Management

Designs and manufactures non-contact, high-precision torque sensors that operate under extreme conditions.

EW and sensorscomponents and materialsSource
UndisclosedClosed Jun 1, 2026
Jun 202602

Voyager Technologies buys Astrobotic

Pittsburgh-based commercial lunar delivery, lunar power and reusable rocket company

spaceSource
Up to $300 millionClosed Jul 10, 2026
Jun 202601

REEcycle agrees to go public through Hall Chadwick Acquisition

U.S.-based rare earth element recycling company

components and materialsSource
$400 millionPending
May 202631

Motorola Solutions agrees to buy D-Fend Solutions

Industry leader in counter-drone technology

autonomy and dronesEW and sensorsSource
$1.5 billionPending
May 202629

Arxis buys Omnetics

Seller: Former shareholders of Omnetics · Backed by Arcline Investment Management

Designer and manufacturer of proprietary high-reliability Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies.

C4ISR and electronicscomponents and materialsSource
$770 millionClosed Aug 17, 2026
May 202627

FUSE buys Bluewhite

Israeli developer of AI-powered autonomous solutions for critical off-road and defense applications

autonomy and dronesSource
UndisclosedClosed May 2026
May 202621

Tallvine Partners agrees to buy Lind Marine

Seller: Kingswood Capital Management, LP

A diversified marine services business headquartered in the San Francisco Bay Area.

shipbuilding and maritimeSource
UndisclosedAnnounced
May 202618

Ondas buys Omnisys

Seller: Omnisys shareholders

Israeli developer of AI-powered Battle Resource Optimization software for multi-mission, multi-domain defense planning and real-time operational decision-making.

C4ISR and electronicsautonomy and dronesintelligence communitySource
Up to $197 millionClosed May 21, 2026
May 202618

Draganfly buys Skip Dynamix

A Delaware-based drone technology company that designs and makes long-range, hand-launchable, fixed-wing sUAS, including the Orca platform (substantially all assets of its drone technology business).

autonomy and dronesEW and sensorsSource
Up to $8 millionClosed Jun 11, 2026
May 202614

Intuitive Machines buys Goonhilly Earth Station and COMSAT

Seller: Goonhilly Holdings Limited

A ground station and satellite communications company in the UK and its U.S. sister company COMSAT, offering lunar and deep space communications and commercial satcom.

spaceC4ISR and electronicsSource
UndisclosedClosed Aug 3, 2026
May 202614

Iridium Communications buys Aireon

Seller: NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS Limited, and certain of their affiliated entities

Operator of the world's only space-based Automatic Dependent Surveillance-Broadcast (ADS-B) air traffic surveillance system.

spaceSource
$367 millionClosed Jul 2, 2026
May 202607

Unusual Machines buys Upgrade Energy

A manufacturer of battery and power systems solutions for unmanned aerial systems.

autonomy and dronescomponents and materialsSource
Up to $52 millionClosed Oct 19, 2026
May 202606

Rocket Lab buys Motiv Space Systems

Seller: Equity holders of Motiv

Maker of satellite components like solar array drive assemblies (SADAs) and other precision mechanisms, with Mars-proven robotics capability

spacecomponents and materialsSource
UndisclosedClosed May 26, 2026
Apr 202629

Arlington Capital Partners buys ENERCON

Seller: Oaktree Capital Management

A specialized engineering firm with a focus on nuclear and other highly regulated power end markets; merged with Arlington's Pond & Company

nuclearSource
UndisclosedClosed
Apr 202629

York Space Systems buys ALL.SPACE

Backed by AE Industrial Partners

Provider of satellite communications terminals and multi-network connectivity solutions

C4ISR and electronicsspaceSource
$300 millionClosed Jul 8, 2026
Apr 202628

Acron Technologies buys Sightline Intelligence

Seller: Artemis Capital Partners · Backed by TJC

Specialist provider of edge-based AI processing capabilities and target recognition technology for autonomous aircraft, defense, and other mission-critical applications

C4ISR and electronicsautonomy and dronesEW and sensorsSource
UndisclosedClosed Apr 24, 2026
Apr 202627

Artemis Capital Partners buys Optikos

Provider of engineering, manufacturing, and metrology expertise in optical systems

EW and sensorsspaceSource
UndisclosedClosed
Apr 202622

Behrman Capital buys Metallizing Service

Provider of highly engineered thermal spray coatings and finishing services for military, commercial aerospace, and industrial gas turbine applications

propulsioncomponents and materialsSource
UndisclosedClosed
Apr 202621

Trive Capital buys Polar Technology

Oxfordshire, UK manufacturer of complex, highly engineered composite and metallic components.

components and materialsSource
UndisclosedClosed
Apr 202620

Acorn Capital Management agrees to buy MTI Aviation

A provider of repair, overhaul and parts distribution services, with a primary focus on electro-mechanical, hydraulics, pneumatics, and power generation components.

MRO and sustainmentcomponents and materialsSource
UndisclosedPending
Apr 202620

BWX Technologies buys Precision Components Group

A privately held U.S. manufacturer of complex, heavy-walled and heat-transfer components.

nuclearshipbuilding and maritimecomponents and materialsSource
UndisclosedClosed Jul 1, 2026
Apr 202617

NorthStar Earth & Space agrees to go public through Viking Acquisition Corp. I

Space and satellite data analytics company that monitors active space threats

spaceC4ISR and electronicsSource
$300 millionPending
Apr 202615

H.I.G. Capital buys Inventus Power

Global provider of advanced lithium-ion batteries and power systems.

components and materialsSource
UndisclosedClosed Apr 15, 2026
Apr 202615

Woodward agrees to sell Woodward pilot controls product line to Ontic Engineering and Manufacturing

Buyer: Ontic Engineering and Manufacturing · Backed by CVC Capital Partners

Woodward's portfolio of pilot controls, such as throttle quadrant assemblies, rudder pedals and passive side sticks, manufactured in Niles, Illinois

components and materialsMRO and sustainmentSource
$180 millionPending
Apr 202614

Altaris: joint venture Leidos Security Enterprise Solutions

Seller: Leidos

security detection systems and imaging technology for airports, borders and critical infrastructure, to be combined with Altaris-owned Analogic in a new joint venture

EW and sensorsSource
UndisclosedClosed Oct 5, 2026
Apr 202610

BiomX buys ZorroNet

Seller: Water IO

Israeli artificial intelligence defense technology company that develops AI-powered computer vision and autonomous surveillance systems.

C4ISR and electronicsautonomy and dronesSource
UndisclosedClosed Apr 10, 2026
Apr 202609

HEICO buys Southwest Antennas

Designs and manufactures high-performance rugged and mission-critical antennas.

C4ISR and electronicsSource
UndisclosedClosed Apr 2026
Apr 202608

ATC Group buys PAS MRO

Backed by AE Industrial Partners

Specialized provider of bearing repair services

MRO and sustainmentSource
UndisclosedClosed
Apr 202607

HEICO buys Sherwood Avionics and Accessories

An FAA and EASA Part 145 repair station specializing in the maintenance, repair and overhaul of complex, mission-critical mechanical and electro-mechanical components.

MRO and sustainmentSource
UndisclosedClosed Apr 2026
Apr 202601

CORE Industrial Partners sells PrecisionX Group to Windjammer Capital

Buyer: Windjammer Capital

a provider of high precision metal components for critical-use applications in growth-oriented end markets

components and materialsspaceSource
UndisclosedClosed
Mar 202631

BiomX buys Dr. Frucht Systems

Seller: Mandragola

Developer of proprietary LADAR (laser radar) based detection systems for security, defense and critical infrastructure applications, including counter-UAS.

EW and sensorsautonomy and dronesSource
UndisclosedClosed Apr 13, 2026
Mar 202630

Red Cat Holdings buys Quaze Technologies

A Québec-based developer of wireless power transfer technology for unmanned systems, drones and autonomous machines.

autonomy and dronescomponents and materialsSource
Up to $21 millionClosed May 19, 2026
Mar 202627

Red Cat Holdings buys Apium Swarming Robotics

California-based developer of distributed control systems for autonomous swarming drones and uncrewed surface vessels

autonomy and dronesSource
$20 millionClosed Mar 27, 2026
Mar 202626

Shield AI buys Aechelon Technology

Seller: Sagewind Capital

A provider of simulation and geo-specific databases supporting both manned and unmanned systems across all major Department of War service branches.

autonomy and dronestraining and simulationSource
UndisclosedClosed Jun 22, 2026
Mar 202626

Elbit Systems Ltd. and KNDS: joint venture EuroPULS GmbH

planned 50:50 joint venture to market the EuroPULS rocket artillery system, headquartered in Kassel, Germany

munitions and missilesland systemsSource
UndisclosedAnnounced
Mar 202625

Beretta Holding agrees to take a stake in Ruger

Designs, manufactures and sells firearms (rifles, pistols, shotguns and revolvers) to domestic customers

land systemsSource
UndisclosedPending
Mar 202623

Arlington Capital Partners buys Eptec Defence

Seller: Eptec Group

Related platform: Highwater

A remediation and new build preservation services provider for Australian naval defense vessels

MRO and sustainmentshipbuilding and maritimeSource
UndisclosedClosed
Mar 202623

Cobham Ultra agrees to sell Ultra Cyber to Airbus Defence and Space

Buyer: Airbus Defence and Space · Backed by Advent International

UK cyber business with more than 200 employees and a cyber centre of excellence in Maidenhead

cyberSource
UndisclosedPending
Mar 202623

Ondas buys World View

Seller: World View stockholders

Leader in high-altitude balloon intelligence, surveillance and reconnaissance and stratospheric remote sensing.

C4ISR and electronicsEW and sensorsautonomy and dronesSource
Up to $150 millionClosed Apr 1, 2026
Mar 202618

Ondas: joint venture ONBERG Autonomous Systems

Seller: HD Advanced Technologies GmbH

Joint venture of Ondas (51%) and HD Advanced Technologies GmbH, a wholly owned subsidiary of Heidelberger Druckmaschinen AG, to deliver autonomous drone defense and security systems.

EW and sensorsautonomy and dronesSource
UndisclosedAnnounced
Mar 202617

G.S. Precision buys Lush Heat Treatment

Backed by AE Industrial Partners

Provider of vacuum and endothermic processing and brazing services, founded in 1952 in Hatfield, United Kingdom

components and materialsSource
UndisclosedClosed
Mar 202617

G.S. Precision buys Headwater Precision

Backed by AE Industrial Partners

High precision manufacturing assets, including robotics, laser, CNC, and advanced coating technologies

aerostructurescomponents and materialsSource
UndisclosedClosed Mar 17, 2026
Mar 202617

Ondas buys Indo Earth Moving

Seller: Indo's shareholders

Specialty earth moving equipment company focused on supporting military operations

MRO and sustainmentautonomy and dronesland systemsSource
$60 millionClosed Mar 17, 2026
Mar 202616

AeroVironment buys ESAero

San Luis Obispo, California producer of unmanned aircraft systems (UAS) and advanced air mobility platforms, with electric and hybrid propulsion capabilities.

autonomy and dronespropulsionSource
$200 millionClosed Mar 16, 2026
Mar 202612

York Space Systems buys Orbion Space Technology

Backed by AE Industrial Partners

Michigan-based manufacturer of flight-proven electric propulsion systems

propulsionspaceSource
UndisclosedClosed Mar 12, 2026
Mar 202611

Anduril agrees to buy ExoAnalytic Solutions

A US-based national security company focused on space domain awareness and missile defense

spaceEW and sensorsSource
UndisclosedPending
Mar 202611

AIM MRO buys Advanced Air West Palm Beach

Backed by AE Industrial Partners

Provider of replacement bushings, sleeves and fasteners for landing gear applications in the aerospace and defense aftermarket

MRO and sustainmentcomponents and materialsSource
UndisclosedClosed Mar 11, 2026
Mar 202611

Ondas buys BIRD Aerosystems

Seller: Bird Aerosystems shareholders

Developer and provider of Airborne Missile Protection Systems and airborne intelligence, surveillance and reconnaissance solutions.

C4ISR and electronicsEW and sensorsSource
$128 millionClosed Mar 11, 2026
Mar 202609

Woodward buys Valve Research & Manufacturing

A Florida-based manufacturer of high-precision flow control valves for aerospace applications

components and materialsSource
UndisclosedClosed Apr 1, 2026
Mar 202608

Aureus Greenway Holdings merges with Powerus

U.S. defense technology company focused on autonomous drones and other unmanned systems

autonomy and dronesSource
UndisclosedClosed Oct 1, 2026
Mar 202608

Ondas buys Mistral

Seller: Shoshana Banai

US Department of War prime contractor and manufacturer of advanced autonomous solutions

C4ISR and electronicsIT and government servicesautonomy and dronesSource
$175 millionClosed Apr 24, 2026
Mar 202603

Zeus UK Bidco Limited agrees to take Senior private

Backed by Tinicum

designs and manufactures high-technology components and systems for the principal original equipment manufacturers in the worldwide aerospace and defence, land vehicle and power and energy markets

components and materialsaerostructuresSource
UndisclosedAnnounced
Mar 202602

Arlington Capital Partners sells Forged Solutions Group to J.F. Lehman & Company

Buyer: J.F. Lehman & Company

A global provider of complex, precision forgings to aerospace, defense and space customers

aerostructurescomponents and materialspropulsionSource
UndisclosedClosed Mar 2, 2026
Feb 202627

Ondas takes a stake in Firestorm Labs

Defense technology company that develops expeditionary manufacturing platforms for on-demand, point-of-need production of mission-critical systems and components.

autonomy and dronescomponents and materialsSource
$5 millionClosed Feb 27, 2026
Feb 202626

Woven Solutions agrees to buy Valence

Backed by Falfurrias Management Partners

A strategy and capabilities firm that delivers solutions in mission planning, operational technology integration, and strategic communications.

IT and government servicesintelligence communitySource
UndisclosedAnnounced
Feb 202624

Arcline Investment Management agrees to buy Hydraulics International

Provider of ground support equipment, mobile test systems, and specialized pumps for aerospace, defense and industrial applications.

MRO and sustainmentSource
UndisclosedAnnounced
Feb 202620

ATI sells East Hartford, CT operations

Buyer: Undisclosed buyer

An immaterial, non-core operation in East Hartford, CT that was part of ATI's Forged Products business unit.

components and materialsSource
$20 millionClosed
Feb 202618

Cerberus Capital Management buys Vivace

Mission-critical propulsion tanks and aerospace systems for U.S. spaceflight systems, hypersonics and launch vehicle markets.

spacepropulsionSource
UndisclosedClosed Feb 18, 2026
Feb 202617

Valiant Solutions buys Abile Group

Backed by Bluestone Investment Partners

a provider of secure network and cyber engineering services and technology

cyberSource
UndisclosedClosed
Feb 202617

CACI International buys Datalynx

Provides specialist data and cloud migration services in mission-critical environments to government clients

IT and government servicesSource
$11 millionClosed Feb 17, 2026
Feb 202617

Booz Allen Hamilton buys Defy Security

Provides cybersecurity technology products and services to financial services, healthcare, manufacturing, and retail enterprises.

cyberSource
$235 millionClosed Apr 6, 2026
Feb 202611

Kratos Defense & Security Solutions buys Nomad Global Communication Solutions

Seller: Former Nomad shareholders

A company that focuses on the design and manufacture of connected mobile operations centers.

C4ISR and electronicsSource
UndisclosedClosed Feb 11, 2026
Feb 202610

By Light Professional IT Services buys Dignitas Technologies

Backed by Sagewind Capital

A provider of Modeling, Simulation, & Training (MS&T) products and solutions, headquartered in Orlando, Florida.

training and simulationSource
UndisclosedClosed
Feb 202610

Blue Delta Capital Partners takes a stake in Tharros

Provider of mission-critical cybersecurity and vulnerability research solutions for the U.S. Federal Government

cyberSource
UndisclosedClosed
Feb 202606

Nuburu takes a stake in Brick Lane Capital Management Limited's Heckler & Koch

Seller: Brick Lane Capital Management Limited

A manufacturer of small firearms for NATO and EU countries, listed on Euronext Paris. Nuburu acquired 295,000 shares, approximately 0.8% of the outstanding common shares.

land systemsSource
$15 millionClosed Feb 6, 2026
Feb 202605

Woven Solutions agrees to buy Apira Technologies

Backed by Falfurrias Management Partners

An emerging technology company specializing in computer vision, machine learning, and AI systems.

cyberautonomy and dronesintelligence communitySource
UndisclosedAnnounced
Feb 202603

Trive Capital buys PavCon

Provider of advanced predictive analytics and decision-support solutions serving the U.S. Department of War.

IT and government servicesMRO and sustainmentSource
UndisclosedClosed
Feb 202602

SpaceX merges with xAI

Maker of the Grok frontier large language model, with a business that includes X and a government offering called xAI Gov

UndisclosedClosed Feb 2, 2026
Feb 202602

DC Capital Partners buys Knexus

A provider of applied artificial intelligence capabilities supporting complex, mission-critical government programs

IT and government servicesSource
UndisclosedClosed
Feb 202602

Ondas buys Rotron

Seller: Gilo Holdings Ltd. shareholders

UK-based developer of advanced unmanned aerial systems and long-range autonomous platforms designed for extended-reach operations and autonomous strike missions.

autonomy and dronesmunitions and missilespropulsionSource
$40 millionClosed Mar 16, 2026
Jan 202629

VSE buys Precision Aviation Group

Seller: GenNx360 PAG Buyer

Global provider of aviation aftermarket MRO, distribution, and supply chain services supporting business and general aviation, rotorcraft, and defense end markets.

C4ISR and electronicsMRO and sustainmentcomponents and materialsSource
Up to $2.02 billionClosed May 5, 2026
Jan 202626

Leidos buys ENTRUST Solutions Group

Seller: Kohlberg

An engineering firm that provides infrastructure design, grid modernization and program management services primarily to electric, gas and pipeline utilities

IT and government servicesSource
$2.4 billionClosed Mar 27, 2026
Jan 202622

Loar Holdings buys Harper Engineering

Manufacturer of mechanically engineered devices for aircraft interiors, with a proprietary portfolio of latching and securing mechanisms.

components and materialsSource
$250 millionClosed Jan 22, 2026
Jan 202622

Elbit Systems UK buys UTACS

UK supplier of dozens of advanced tactical uncrewed aerial systems (UAS) to the British Army as well as to international customers; Elbit acquired the remaining equity interest

autonomy and dronesSource
UndisclosedClosed Jan 22, 2026
Jan 202620

Washington Harbour Partners LP buys Outpost Mission Services

Provider of inspection, repair and maintenance services for ground facilities that protect satellite, radar and communications antennas at military and government sites; rebranded as Outpost Mission Services

spaceMRO and sustainmentSource
UndisclosedClosed
Jan 202620

Falfurrias Capital Partners buys Aether Aerospace

A defense technology firm offering digital engineering, mission-critical technology, and fabrication solutions, formed by merging JHNA, EXPANSIA and CTSi (rebranded Aether Aerospace in April 2026)

IT and government servicesautonomy and dronesSource
UndisclosedClosed Dec 2025
Jan 202616

BigBear.ai Holdings buys CargoSeer

An Israel-based leader in unified AI decision support technology for customs and border operations (an acquisition of certain assets and liabilities).

IT and government servicesSource
$5 millionClosed Jan 16, 2026
Jan 202615

Nukkleus buys Nimbus Drones

Seller: Elad Defense

Israeli aerospace robotics company established in 2024 that designs, produces and operates customized unmanned aerial systems for professional applications.

autonomy and dronesSource
UndisclosedClosed Jan 15, 2026
Jan 202615

Parsons buys Altamira

Seller: ClearSky, McNally Capital, Razor’s Edge, and NIO Advisors

McLean, Virginia company delivering advanced analytics, signals intelligence (SIGINT), cyber, missile warning, and space capabilities.

intelligence communityspacecyberSource
Up to $375 millionClosed Jan 2026
Jan 202614

Teledyne Technologies buys DD-Scientific

Develops and manufactures high-performance gas sensors for critical applications.

$54 millionClosed Jan 14, 2026
Jan 202613

J.F. Lehman & Company buys Wellman Dynamics

Seller: TRM Equity

Large-scale, high complexity magnesium and aluminum sand castings for aerospace and defense applications

aerostructurescomponents and materialsSource
UndisclosedClosed Jan 13, 2026
Jan 202613

TransDigm Group buys Jet Parts Engineering and Victor Sierra Aviation Holdings

Seller: Vance Street Capital

Designers and manufacturers of aerospace aftermarket parts, primarily proprietary parts manufacturer approval (PMA) components; nearly all sales are derived from the commercial aftermarket.

MRO and sustainmentcomponents and materialsSource
$2.2 billionClosed Apr 7, 2026
Jan 202613

U.S. Department of War takes a stake in L3Harris' Missile Solutions

Seller: L3Harris

L3Harris missile business, bringing together missile capabilities from across L3Harris including the operations of legacy Aerojet Rocketdyne, with solid rocket motor production

munitions and missilespropulsionSource
$1 billionClosed Apr 23, 2026
Jan 202612

Arlington Capital Partners buys Pond & Company

Seller: DC Capital Partners

A full-service design and engineering firm providing regulatory-driven, high-precision services to the federal government and customers across the energy, infrastructure and life sciences industries

IT and government servicesSource
UndisclosedClosed Jan 12, 2026
Jan 202612

Department of War takes a stake in Atalco

Operator of the last remaining domestic alumina refinery, in Gramercy

components and materialsSource
$150 millionClosed Jan 12, 2026
Jan 202607

Gryphon Investors buys Fortreum

A cybersecurity services firm providing audit, advisory, and technical testing for certifications including FedRAMP and CMMC.

cyberSource
UndisclosedClosed Jan 7, 2026
Jan 202607

AxioAero Group buys Airway Aerospace

Backed by CORE Industrial Partners

an FAA, EASA, and CAA UK-certified repair station providing maintenance, repair and overhaul services

MRO and sustainmentSource
UndisclosedClosed Dec 17, 2025
Jan 202607

Bain Capital Credit sells Tenax Aerospace to Tenax Aerospace

Buyer: Tenax Aerospace

an aerospace and defense supplier providing special mission aircraft and related aviation equipment and services to the U.S. and Canadian governments and other customers

C4ISR and electronicsMRO and sustainmentSource
UndisclosedClosed Jan 7, 2026
Jan 202607

Pan Am Flight Academy buys Alliance Aviation

Backed by Acorn Capital Management

A Part 142 flight training organization serving a diverse global customer base, with particularly strong relationships across Latin America.

training and simulationSource
UndisclosedClosed
Jan 202606

Sabel Systems Technology Solutions buys Centil

Backed by Sagewind Capital

A company recognized for its expertise in DevSecOps, CI/CD product development, and space-domain systems engineering.

spaceSource
UndisclosedClosed Jan 6, 2026
Jan 202606

TechnoMile merges with SIMS Software

Backed by Capitol Meridian Partners

industrial security software provider that supports organizational compliance with complex regulatory and audit requirements

IT and government servicesSource
UndisclosedClosed
Jan 202606

Capitol Meridian Partners buys TechnoMile

Seller: K1 Investment Management

provider of AI-enabled cloud solutions that empower companies to find, pursue, win, and retain more business with the government

IT and government servicesSource
UndisclosedClosed
Jan 202605

ADDMAN agrees to buy Forecast 3D

Backed by American Industrial Partners

Polymer additive manufacturing company based in Carlsbad, California.

components and materialsSource
UndisclosedAnnounced
Jan 202605

L3Harris sells a 60% stake in a new space technology company, excluding RS-25 to AE Industrial Partners

Buyer: AE Industrial Partners

L3Harris’ space propulsion and power systems and space avionics and communications businesses, contributed to a new space technology company in which L3Harris retains approximately 40 %

C4ISR and electronicspropulsionspaceSource
$845 millionClosed Aug 4, 2026
Jan 202602

Arlington Capital Partners sells Tex-Tech Industries to Michelin

Buyer: Michelin

A developer and manufacturer of proprietary, highly-engineered solutions serving aerospace, space & defense, and specialty industrial end markets

components and materialsspaceSource
UndisclosedClosed

2026: the largest disclosed price is GE Aerospace's $11.75 billion for Consolidated Precision Products

The largest disclosed prices announced in 2026.

ClosedAnnounced or pending
GE Aerospace – Consolidated Precision Products $11.75B
Rocket Lab – Iridium $8B
AAR – MRO Holdings $4B
Lockheed Martin – Ultra Maritime $3.45B
Leidos – ENTRUST Solutions Group $2.4B
TransDigm Group – Jet Parts Engineering and Victor Sierra Aviation Holdings $2.2B
Bleichroeder Acquisition Corp. III – Ursa Major $1.6B
Motorola Solutions – D-Fend Solutions $1.5B

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

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