Tracked deals
13
13 tracked deals across 2024.
Aerospace & Defense Divestitures in 2024
Buyer mix
Strategic-led
9 strategic · 4 pe
Top trend
Volume peaked in 2025
15 tracked deals announced in 2025.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| ARKA Group, L.P. | 1 | Developer of remote sensing, communications and cognitive... | Strategic |
| Cerberus Capital Management, L.P. | 1 | Global alternative investment firm investing across priva... | PE |
| Gladstone Investment Corporation | 1 | Publicly traded business development company providing eq... | PE |
| HEICO Corporation | 1 | Designer, manufacturer, and distributor of aerospace, def... | Strategic |
| Halma plc | 1 | Global group of life-saving technology companies focused ... | Strategic |
| Joby Aviation, Inc. | 1 | Develops all-electric vertical take-off and landing aircr... | Strategic |
| Proteus Enterprises | 1 | Maryland-based holding company that invests in middle and... | PE |
| SK Capital Partners | 1 | Private investment firm focused on specialty materials, i... | PE |
| SwtSpot, LLC | 1 | Minority/woman‑owned technology and government contractin... | Strategic |
| Thales Defense & Security (Thales Group) | 1 | Global aerospace and defense technology company providing... | Strategic |
Acquisition Volume in Aerospace & Defense Divestitures in 2024 by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 20, 2024
- Buyer
- Woodward, Inc.
- Target
- Safran Electronics & Defense electromechanical actuation business (North America)
- Seller
- Safran Electronics & Defense (Safran)
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Divestiture
Woodward (NASDAQ: WWD) signed a definitive agreement to acquire Safran Electronics & Defense’s electromechanical actuation business operating in the United States, Mexico and Canada, including IP, operations, talent and long-term customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems. The acquisition strengthens Woodward's electromechanical actuation and flight-control product platform (notably supporting Airbus A350 programs); the transaction is expected to close in mid-2025 and financial terms were not disclosed.
-
December 13, 2024
- Buyer
- Proteus Enterprises, Gladstone Investment Corporation
- Target
- Ricardo Defense, Inc.
- Seller
- Ricardo plc
- Industry
- Aerospace & Defense
- Location
- Michigan, United States
- Type
- Divestiture
Proteus Enterprises, together with Gladstone Investment Corporation, acquired Ricardo Defense, Inc., an engineering services and systems integration firm headquartered in Troy, Michigan. The transaction is a divestiture by Ricardo plc; Gladstone provided equity and senior secured debt while Proteus will operate and scale the defense-focused business. Financial terms were not disclosed.
-
November 1, 2024
- Buyer
- ARKA Group, L.P.
- Target
- Radar and Sensor Technology (RST) group
- Seller
- Maxar
- Industry
- Aerospace & Defense
- Location
- Michigan, United States
- Type
- Divestiture
ARKA Group, L.P. has completed the acquisition of Maxar’s Radar and Sensor Technology (RST) group, a Ypsilanti, Michigan–based radar and sensor engineering team that supports U.S. government synthetic aperture radar (SAR) programs. The acquisition adds radar, moving-target indication and full‑spectrum geospatial intelligence capabilities to ARKA’s existing space hardware and software offerings, strengthening its mission-focused solutions for U.S. and allied defense customers.
-
- Buyer
- Thales Defense & Security (Thales Group)
- Target
- Digital Receiver Technology (DRT)
- Seller
- Boeing
- Industry
- Aerospace & Defense
- Location
- Maryland, United States
- Type
- Divestiture
Thales Defense & Security, a division of Thales Group, has agreed to acquire Digital Receiver Technology (DRT) from Boeing for an undisclosed amount. The purchase transfers DRT's U.S. surveillance and signals-intelligence product capabilities and contracts to Thales as Boeing streamlines operations to focus on its core aviation and major defense businesses.
-
- Buyer
- HEICO Corporation
- Target
- Capewell
- Seller
- Argosy Private Equity
- Industry
- Aerospace & Defense
- Location
- Connecticut, United States
- Type
- Divestiture
HEICO Corporation has acquired the Capewell aerial delivery and descent devices business units from Argosy Private Equity. Argosy will retain Aerial Machine & Tool Corp and Rhine Air Inc as it refocuses on survivability, safety and protection solutions for military and first responder customers, while HEICO expands its aerospace and defense product portfolio.
-
July 30, 2024
- Buyer
- SK Capital Partners
- Target
- North America Composites & Fuel Containment Division (Parker Hannifin) / Axillon Aerospace
- Seller
- Parker Hannifin Corporation
- Industry
- Aerospace & Defense
- Location
- Georgia, United States
- Type
- Divestiture
SK Capital Partners has signed a definitive agreement to acquire the North America Composites & Fuel Containment (CFC) Division of Parker Hannifin and completed the acquisition, renaming the business Axillon Aerospace. The division is a leading producer of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace, generating about $350 million in annual sales, operating six North American manufacturing sites, and employing ~1,700 people.
-
July 8, 2024
- Target
- Certified Aviation Services, LLC
- Seller
- Aero-mark, LLC
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Divestiture
Crewe Capital advised private investment firm Aero-mark, LLC in the sale of Certified Aviation Services, LLC (CAS), a U.S.-based aircraft maintenance, repair and overhaul (MRO) services provider. The buyer was not disclosed in public announcements; CAS provides line maintenance, modifications, recoveries and component services to fleet operators, lessors and OEMs.
-
June 6, 2024
- Buyer
- TransDigm Group Inc.
- Target
- Electron Device Business (EDB) of Communications & Power Industries (CPI)
- Seller
- TJC, L.P. (affiliate of The Resolute Fund V, L.P.), Communications & Power Industries (CPI)
- Industry
- Aerospace & Defense
- Location
- Massachusetts, United States
- Type
- Divestiture
TransDigm Group Inc. completed the acquisition of the Electron Device Business (EDB) of Communications & Power Industries (CPI) from an affiliate of The Resolute Fund V (TJC) for approximately $1.385 billion in cash. The business, a leading manufacturer of high-power RF/microwave components with strong aftermarket revenue, generated about $300 million in revenue for FY ended September 29, 2023 and employs ~900 people across U.S. and U.K. facilities.
-
June 4, 2024
- Buyer
- Joby Aviation, Inc.
- Target
- Xwing, Inc. (autonomy division)
- Seller
- Xwing, Inc.
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Divestiture
Joby Aviation acquired the autonomy division of Xwing, Inc., purchasing Xwing’s automation and autonomy technology with Joby shares. The deal brings Xwing’s perception, sensor-fusion, and flight-decisioning expertise into Joby to accelerate Joby’s automation roadmap and support existing and future Department of Defense contracts.
-
- Buyer
- easyJet
- Target
- SR Technics Malta (aircraft maintenance facility)
- Seller
- SR Technics, SR Technics Malta
- Industry
- Aerospace & Defense
- Location
- Malta
- Type
- Divestiture
easyJet has finalised an agreement to acquire SR Technics' aircraft maintenance facility in Malta, bringing more than 400 employees and a six-bay heavy maintenance hangar into the easyJet Group. The purchase is a divestiture by SR Technics and aligns with easyJet's strategy to insource heavy maintenance for its growing fleet.
-
May 30, 2024
- Buyer
- Cerberus Capital Management, L.P.
- Target
- Calspan Aero Systems Engineering, Calspan Systems
- Seller
- TransDigm Group
- Industry
- Aerospace & Defense
- Location
- Minnesota, United States
- Type
- Divestiture
Cerberus Capital Management has acquired Calspan’s hypersonic and defense test systems business units from TransDigm Group and established North Wind, an independent supplier focused on hypersonic test infrastructure, systems and services. The transaction brings together Calspan Aero Systems Engineering (St. Paul, MN) and Calspan Systems (Newport News, VA) under a standalone platform to expand U.S. hypersonic test capabilities for government RDT&E and aerospace customers.
-
May 2, 2024
- Buyer
- Halma plc
- Target
- MK Test Systems
- Seller
- Synova
- Industry
- Aerospace & Defense
- Location
- Somerset, United Kingdom
- Type
- Divestiture
Halma plc has acquired MK Test Systems (MK Test) from private equity owner Synova in a reported £44 million deal. Synova said the sale delivers a 3x return after a decade of investment in product development, management and international expansion; MK Test is headquartered in Somerset, United Kingdom and serves aerospace, rail and electric-vehicle customers.
-
January 14, 2024
- Buyer
- SwtSpot, LLC
- Target
- ArtemisX Defense Inc.
- Seller
- Xalles Holdings Inc.
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Divestiture
Xalles Holdings has sold ArtemisX Defense Inc., a Florida-based uncrewed systems subsidiary, to SwtSpot, LLC (a Marvina Case family company) in a profit‑sharing sale effective January 14, 2024. The transaction, with payments structured as quarterly installments equal to 90% of ArtemisX's net profits until the purchase price is paid, transfers ArtemisX's U.S. operations to SwtSpot while certain IP and products remain with Artemis Defense Technologies UK.
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