Tracked deals
988
988 tracked deals across 2003-2026.
Tracked deals
988
988 tracked deals across 2003-2026.
Buyer mix
Mixed buyer set
769 strategic · 527 pe
Top trend
Volume peaked in 2024
168 tracked deals announced in 2024.
Primary Insight
| Theme | Examples from listed deals |
|---|---|
| Space systems components | Aviotec S.r.l. (insulation blankets, harnesses) |
| Aftermarket services | Jet AirWerks LLC; Atech Turbine Components |
| UAS/C-UAS and autonomy | BOOMSLANG Aerospace; Archer + Boeing subsidiaries |
| Hypersonics / rocketry | Ursa Major Technologies SPAC combination |
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Arcline Investment Management | 29 | Growth-oriented private equity firm focused on building l... | PE |
| Arlington Capital Partners | 27 | Middle-market private equity firm focused on aerospace & ... | PE |
| AE Industrial Partners | 15 | Private equity firm focused on aerospace, defense, govern... | PE |
| GenNx360 Capital Partners | 14 | Private equity firm investing in middle market business s... | PE |
| HEICO Corporation | 13 | Designer, producer, servicer and distributor of products ... | Strategic |
| Trive Capital | 13 | Dallas-based private equity firm focused on middle-market... | PE |
| AE Industrial Partners, LP | 9 | Private investment firm focused on national security, aer... | PE |
| TransDigm Group Incorporated | 9 | Designer, producer and supplier of highly engineered airc... | Strategic |
| ATL Partners | 8 | Sector-focused private equity firm investing in aerospace... | PE |
| BlueHalo | 8 | Provider of engineering and mission‑focused capabilities ... | Strategic (PE-backed) |
Last 10 years
Supporting Data
Moon Equity Holdings Corp. announced a definitive agreement to acquire Shieldcom, which will become a wholly owned subsidiary. The all-equity consideration includes preferred shares subject to lock-ups and releases tied to Shieldcom’s contract-revenue milestones, and the acquisition is intended to expand Moon Equity’s defense relationships and secure, sovereign AI capabilities.
FVLCRUM Funds acquired Fidelity Technology Services, a provider of military simulation training systems and services to U.S. and allied defense customers. FTS will operate alongside FVLCRUM portfolio company Advanced IT Concepts, combining complementary capabilities to form a broader flight simulation and training platform serving the U.S. military.
Barnes Aerospace acquired ATL Turbine Services, a Dundee-based specialist in the repair and refurbishment of hot-section gas turbine components. The acquisition establishes Barnes Aerospace’s first dedicated component repair and overhaul operation in Europe and expands its aftermarket presence near European customers.
Beam Global entered into a definitive agreement to acquire ScoutDI for about $24 million, creating a vertically integrated drone platform for industrial, commercial, government, and defense markets. Beam will fund the cash portion with a combination of cash and Beam Global common stock and expects the deal to close in November 2026, subject to customary conditions.
Antenna Research Associates (ARA), an OceanSound Partners portfolio company, announced a merger with Empower RF Systems (Empower RF) to create an integrated radio frequency (RF) and advanced communications platform for aerospace and defense missions. The combination pairs ARA’s antenna and aperture expertise with Empower RF’s high-power solid-state RF and microwave amplifier technology to deliver end-to-end RF solutions for contested-spectrum applications.
Blackstone has announced an investment to launch Falcata, a defense technology company formed by acquiring and combining TSC and Applied Systems Engineering, Inc. (ASEI) under a single platform. The combined company will integrate complementary capabilities across the interceptor guidance chain to expand U.S. industrial capacity for missile defense and national security missions.
Powerus completed its previously announced merger with Aureus Greenway Holdings, resulting in a newly combined publicly traded company on Nasdaq under the ticker PUSA. The transaction became effective October 1, 2026, with Aureus Greenway Holdings renamed Powerus Corporation and Powerus as the surviving entity.
Optikos acquired Omega Optical to bring optical design, fabrication, thin-film coatings, filtering, diffractive gratings, infrared optics, and system-level metrology under single ownership. The deal is aimed at streamlining the optical systems development workflow and accelerating delivery for mission-critical applications across Aerospace & Defense, Life Science, and Semiconductor manufacturing.
AAR Corp. entered into a definitive agreement to acquire a 65% controlling interest in MRO Holdings, valuing the business at an implied enterprise value of about $4.0 billion. The deal is expected to strengthen AAR’s integrated Parts, Repair, and Software aviation aftermarket platform, creating a scaled heavy-maintenance MRO operation.
Augustus Global, LLC completed its acquisition of Omega Air, Inc. and its affiliate Omega Aerial Refueling Services, Inc. (collectively “Omega”). Omega becomes a subsidiary of Augustus Global while continuing to operate under its established brand and maintain existing contracts and operations.
Ondas acquired GATE Technologies and affiliated European manufacturer Bron Technologies to strengthen its precision-strike and autonomous defense technology platform. The transaction includes $205 million upfront consideration plus up to $185 million in performance-based earn-out consideration tied to financial targets through 2028.
Beretta Holding S.A. commenced a cash tender offer to purchase up to 2,400,184 shares of Sturm, Ruger & Company, Inc. at a price of $44.80 per share. The tender offer is subject to conditions set out in the offer to purchase, with no financing condition and no minimum tender requirement stated in the release.
Becklin Holdings announced it has acquired Chief Avionics, an FAA-certified avionics products and services provider based at the Grants Pass Airport (3S8) in Southern Oregon. The deal expands Becklin’s aerospace and aviation capabilities, including navigation and communications systems, avionics installation and upgrades, and repair station capabilities.
Swarmer entered into a definitive agreement to acquire Ukrainian unmanned ground vehicle (UGV) manufacturer Ratel Robotics for up to $224 million in cash and stock, contingent on earnout milestones. Ratel founder and CEO Taras Ostapchuk is expected to continue leading Ratel after closing, reporting to Swarmer’s President and U.S. CEO Alex Fink.
GE Aerospace has signed an agreement to acquire Consolidated Precision Products (CPP) for $11.75 billion to expand mission-critical castings capacity. GE will fund the deal with $7 billion in cash and the remainder through new debt, with closing expected in the second half of 2027 subject to regulatory approvals.
Arxis completed its acquisitions of Schatz Bearing Corporation (acquired September 2, 2026) and StratEdge Corporation (acquired September 1, 2026). The deals add specialized aerospace, defense, and space components—Schatz’s precision bearings and StratEdge’s hermetic ceramic packages—to Arxis’ mechanical and electronic components segments.
AIAI Holdings Corporation (Ai2) entered into a letter of intent with its affiliated entity, Messier 42 LLC (M42), to acquire a controlling interest in one of M42’s defense-industry businesses. The deal is expected to close as early as Q4 2026, subject to due diligence and board approvals, and is conditioned on Ai2 receiving a third-party fairness opinion. M42 projects the acquired business will generate $250 million in free cash flow during the 12 months following closing.
Canopy Aerospace & Defense, through its European platform Canopy International, acquired Aviotec S.r.l., an Italian manufacturer of thermal-insulation blankets and electrical harnesses for satellites and spacecraft. The acquisition adds complementary manufacturing and integration capabilities deeper into Canopy A&D’s satellite supply-chain platform, with Aviotec continuing to operate in Turin under its existing leadership.
VSE Corporation has acquired Atech Turbine Components, a specialized aviation MRO provider focused on repairs for complex hot-section components for aircraft turbine engines. The deal expands VSE Aviation’s proprietary, OEM-approved repair portfolio—adding more than 300 repair approvals—and deepens its alignment with Pratt & Whitney Canada platforms.
Ursa Major Technologies entered into a definitive business combination agreement with SPAC Bleichroeder Acquisition Corp. III, which is led and backed by the management team of Inflection Point Asset Management. The transaction is expected to provide at least $350 million of committed capital to scale Ursa Major’s hypersonics, solid rocket motor, and space mobility production, with closing anticipated in the first quarter of 2027.
NexTech Solutions (NTS) acquired BOOMSLANG Aerospace, a developer of unmanned aerial systems (UAS) and counter-UAS (C-UAS) technology for defense and security applications. The transaction closed on August 7, 2026 and expands NTS’s UAS and C-UAS portfolio for U.S. Department of Defense and other U.S. Government customers.
Barnes Aerospace acquired Jet AirWerks LLC, a provider of inspection, repair, overhaul, and disassembly services for commercial aeroengine components. The deal expands Barnes Aerospace’s component repair and overhaul capabilities and strengthens its ability to deliver full life-cycle aftermarket solutions for commercial aerospace customers.
Ondas Inc. entered into a definitive agreement to acquire Aran Defense Ltd., the defense-focused division of Aran Ltd. The deal is expected to expand Ondas’ local manufacturing and industrialization capacity in Israel for its autonomous defense platform solutions.
AEVEX signed a definitive agreement to acquire BlackSea Technologies for up to $650 million on a cash-free, debt-free basis, including $250 million cash, about $350 million in AEVEX Class A stock, and up to $50 million in performance-based earnout consideration. The deal is expected to close in September 2026 and is intended to expand AEVEX’s multi-domain autonomous systems portfolio by adding unmanned surface and subsea vessel capabilities and scaled domestic manufacturing.
Joby Aviation entered into a definitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based defense technology company, for approximately $500 million. Upon closing (expected in the first half of 2027), Resonant will become Joby’s dedicated defense business and continue operating under the Resonant Sciences name while expanding its portfolio with Joby’s autonomy and aircraft technologies.
Pono Capital Four, Inc. has entered into a definitive agreement to acquire BlackStar Orbital Technologies Corporation for $380 million. The consideration will be paid entirely in common stock, and BlackStar Orbital is expected to remain as a wholly owned subsidiary (with the Pono entity changing its name) ahead of a planned close in the first quarter of 2027.
Powerus (Autonomous Power Corporation, doing business as “Powerus”) announced a proposed merger with Aureus Greenway Holdings Inc. The merger has not closed and remains subject to customary closing conditions, including SEC Form S-4 effectiveness and regulatory approvals.
CHAOS Industries has acquired Atropos Group, an aerospace company developing autonomous air platforms. The deal is intended to unite sensors and effectors with autonomous platforms to create an integrated counter-UAS “kill chain” and expand CHAOS’s Aerospace Division.
Lake Central Air Services (LCAS) acquired Coastal Defence Systems Inc. (CDSI), an Indigenous-owned security and defence drone company. The combined business will operate as Valkyrie Aerospace Corp., a sovereign Canadian defence aerospace platform combining certified aircraft maintenance/engineering with domestic UAV production and AI-enabled defence systems.
RH Aero Systems, a global aviation support equipment and services provider headquartered in Mason, Ohio, signed a definitive agreement for a strategic investment from Capitol Meridian Partners. The investment is intended to accelerate RH Aero’s next phase of global growth, innovation, and customer value creation, while the Moeller family and other shareholders remain significant investors.
TransDigm Group Incorporated entered into a definitive agreement to acquire Prince & Izant, a portfolio company of Industrial Growth Partners, for approximately $1.066 billion in cash (including certain tax benefits). Prince & Izant is a designer and manufacturer of highly engineered brazing alloys and specialty metal components used primarily in aerospace and defense, with additional medical and general industrial exposure.
EagleNXT (AgEagle Aerial Systems Inc., dba EagleNXT) made a strategic investment in Ohio-based drone startup Agilis Air Inc. The companies say Agilis Air’s low-cost, modular quadcopter platform complements EagleNXT’s long-endurance fixed-wing UAS systems for integrated, American-made multi-domain unmanned solutions.
Karman Space & Defense (NYSE: KRMN) completed the acquisition of Walker Precision Engineering on August 28, 2026. The deal strengthens Karman’s position in tactical missile and air defense subsystems and establishes Karman’s first operating presence outside the United States to expand across European defense markets.
AvAir acquired Full Stop Technics to expand its aviation aftermarket platform with FAA- and EASA-certified wheel and brake maintenance, repair, and overhaul (MRO) capabilities. The deal will integrate Full Stop Technics’ in-house certified service with AvAir’s component inventory scale to provide a more integrated sourcing-to-repair offering for airlines, OEMs, and MRO providers.
Kinderhook Industries announced an investment in American Aero, a Brooklet, Georgia-based producer of precision-manufactured aerospace components. The deal adds growth capital to expand American Aero’s capacity and capabilities, including through a new 47,000-square-foot facility and additional equipment and process investments.
Bridgepoint announced it will invest in UMag Solutions, acquiring a majority stake in the Danish defense technology company. The founders will remain significant shareholders and continue to lead the business as Bridgepoint supports scaling the commercial organization, international expansion, partnerships, and R&D.
Thales has signed a binding agreement to acquire the Gorgé family concert’s 35.51% stake in Exail Technologies, targeting 100% ownership through a mandatory tender offer at €134 per share. The deal is expected to close in the third quarter of 2027 for the stake purchase, with the full tender offer process planned to complete by early 2028 at the latest, subject to regulatory approvals.
Ondas Inc. acquired DZYNE Technologies, LLC in a transaction valued at $875.8 million. The deal combines DZYNE’s long-endurance autonomous aircraft, counter-UAS, and autonomous effects capabilities with Ondas’ autonomous defense portfolio under a newly created Ondas Sentinel division.
Lockheed Martin signed a definitive agreement to acquire Ultra Maritime, a global undersea warfare and anti-submarine warfare (ASW) defense company, for $3.45 billion. The deal is intended to expand Lockheed Martin’s ability to deliver sonar solutions across next-generation maritime platforms, with Ultra Maritime joining Lockheed Martin’s Rotary and Mission Systems business area upon closing.
Air Industries Group, a precision components and assemblies manufacturer for aerospace and U.S. defense prime contractors, entered into an amended and restated merger agreement with Tenax Aerospace Acquisition, LLC. The amendment was driven by NYSE American listing requirements and later extended the deal’s outside date as the SEC reviewed Air Industries’ S-4 registration statement.
Arcline Investment Management entered into a definitive agreement to acquire Avantus Aerospace Group Limited from Inflexion. After closing, Avantus and its subsidiaries will operate as brands of Novaria Group, an Arcline portfolio company.
VisionWave Holdings, Inc. has entered into a definitive binding agreement to acquire a 51% controlling interest in privately held Israeli aerospace and defense company Meteor Aerospace Ltd. The deal values Meteor at a $40 million pre-money equity valuation and consideration is approximately $20.4 million in VisionWave common stock, subject to customary closing conditions including successful flight validation of Meteor’s Impact-700 UAV platform.
Elroy Air entered into a definitive business combination agreement with SPAC Columbus Circle Capital Corp II, which will be renamed Inflection Point Acquisition Corp VII. The transaction is expected to value Elroy Air at $800 million pre-money and provide more than $165 million in committed PIPE capital to fund commercial-scale production of its Chaparral autonomous heavy-cargo drone, with the deal expected to close in late 2026 (fourth quarter) subject to approvals.
AURA AERO has acquired VoltAero, bringing together two companies focused on low-carbon aviation technologies. The deal is expected to strengthen AURA AERO’s hybrid-electric propulsion capabilities and expand its industrial footprint with VoltAero’s Cassio S demonstrator experience.
Lyntris announced it has acquired Novium, a Houston-based developer of high-precision motion systems for space and defense applications. The deal expands Lyntris’ Space ISR & Resilient Communications portfolio by strengthening precision antenna pointing and stabilization for RF and optical systems in contested environments.
EQT X, the private equity arm of EQT, has entered into a definitive agreement to acquire Exolaunch, a Germany-based satellite deployment technology and launch mission management firm. The deal is expected to close in Q4 2026, subject to customary conditions and approvals.
Aptus Aero, LLC, a portfolio company of The Stephens Group, acquired E.M.C. Aerospace, Inc. E.M.C. Aerospace is a FAA Part 145 open class repair station in North Miami Beach, Florida providing component maintenance, repair, and overhaul (MRO) services for power generation, pneumatic, hydraulic, fuel, and other aircraft systems. The acquisition is Aptus Aero’s second deal since forming in 2026, and is intended to strengthen the platform’s repair and parts sourcing capabilities for global passenger, cargo, and military customers.
ITT Inc. has signed a definitive agreement to acquire Aerospace Contacts LLC, a privately held manufacturer of specialized, high-reliability contact systems and interconnect components, for $31 million. The acquisition is expected to close in the third quarter of 2026 and is intended to strengthen ITT’s Connect & Control Technologies supply chain resilience and growth in aerospace and defense.
GALT Aerospace, a Godspeed-backed defense C3ISR platform, announced the acquisition of North Star Scientific Corporation (NSS). NSS, based in Kapolei, Hawaii, designs and manufactures high-reliability defense electronics including RF communications, radar, and electronically scanned array technologies supporting ISR and airborne early warning & control missions.
Advanced Integration Technology (AIT) completed its acquisition of Futuramic Tool & Engineering on June 1, 2026. The deal also includes Futuramic affiliates Sharp Tooling Solutions and Jordan Tool, and John Couch will continue to lead Futuramic’s operations with the existing management team.
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Find buyers actively acquiring aerospace & defense companies.
Deals cover specialized aerospace and defense components, satellite/space subsystems, aviation MRO and repair services, and defense technology platforms such as UAS/C-UAS and related autonomy capabilities.
Many listed transactions are in the United States, with additional activity shown in Italy and Israel.
Both appear. Several transactions expand inspection, repair, overhaul, and OEM-approved repair portfolios, while others add manufacturing, engineering, R&D, and production capacity for aerospace and defense products.
The page includes definitive acquisition agreements and at least one SPAC business combination framework (for hypersonics). Consideration types include cash, stock, and earnout/performance-based components in some cases.