Tracked deals
38
38 tracked deals across 2015-2026.
Who's Buying Aerospace & Defense Companies in Canada
Buyer mix
Mixed buyer set
33 strategic · 17 pe
Top trend
Volume peaked in 2023
9 tracked deals announced in 2023.
Primary Insight
What Stands Out
- Technology-enabled defense: acquisitions tied to UAV/drone systems, AI-enabled defense systems, and related defense aerospace platforms.
- Aftermarket and services growth: MRO, aircraft maintenance/engineering, and certification services appear across multiple deals.
- Components and subsystems: landing gear systems, fuel systems, avionics installation/repair, and SATCOM/data/analytics are recurring focus areas.
- Geographic clustering in major provinces: Ontario, Quebec, British Columbia, and Alberta show up repeatedly as deal locations.
- Common integration goals: deals frequently emphasize adding technical capabilities and consolidating operations under the buyer’s platform.
| Theme | Examples from listed transactions |
|---|---|
| UAV/defense systems | Lake Central Air Services → Coastal Defence Systems; Red Cat Holdings → Quaze Technologies |
| Engineering & certification | Chorus Aviation → Elisen & Associates |
| MRO & aftermarket | Avmax → Condor Aircraft Accessories; Volatus → Synergy Aviation (commercial operations) |
| Flight-critical components | Solestra Group → LHM Technologies; De Havilland → Fleet Canada; Maverick → Genaire |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Maverick Aviation Group Limited | 3 | Aviation-focused platform and operator acquiring and oper... | Strategic |
| Thrust Capital Partners | 3 | Canadian private equity firm focused exclusively on the a... | PE |
| Desjardins Capital | 2 | Investment arm of the Desjardins Group providing growth a... | Investor |
| Emko Capital | 2 | Private equity firm focused on building industrial, aeros... | PE |
| TransDigm Group Incorporated | 2 | Global designer, producer and supplier of highly engineer... | Strategic |
| AEFP Group | 1 | Aerospace & Defense manufacturing group focused on precis... | Strategic (PE-backed) |
| Aero 3, Inc. | 1 | Holding company formed to own AeroRepair Corp. and Hemico... | Strategic |
| AeroRepair Corp. | 1 | FAA and EASA-certified repair station and machine shop sp... | Strategic |
| Airbus SE | 1 | Global aircraft manufacturer and OEM for commercial and d... | Strategic |
| Aircraft Technical Publishers (ATP) | 1 | Provider of aviation information, tools and services focu... | Strategic (PE-backed) |
Acquisition Volume in Aerospace & Defense in Canada by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 28, 2026
- Buyer
- Lake Central Air Services
- Target
- Coastal Defence Systems Inc.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
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.
-
May 22, 2026
- Buyer
- Red Cat Holdings
- Target
- Quaze Technologies
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
Red Cat Holdings announced it has acquired Quaze Technologies to add wireless power transfer capabilities to its all-domain drone and robotic systems portfolio. Under the deal terms, Quaze will operate as an independent Red Cat business unit and expand its platform-agnostic wireless power architecture for integration across Red Cat’s “Family of Systems” and third-party OEMs.
-
- Buyer
- Equinox Gold Corp.
- Target
- Orla Mining Ltd.
- Seller
- Pierre Lassonde, Fairfax Financial Holdings Limited (and certain affiliates), Other Orla officers and directors (collectively referenced)
- Industry
- Aerospace & Defense
- Location
- British Columbia, Canada
- Type
- Buyout
Equinox Gold Corp. will acquire Orla Mining Ltd. in an all-stock, court-approved plan of arrangement, where Orla shareholders will receive 1.00 Equinox share plus a nominal cash payment of US$0.0001 per Orla share. The combined company is expected to create a new North American senior gold producer with projected annual production of about 1.1 million ounces and a path to more than 1.9 million ounces.
-
May 12, 2026
- Buyer
- Maverick Aviation Group Limited
- Target
- Genaire Ltd
- Industry
- Aerospace & Defense
- Location
- Canada
- Type
- Buyout
Maverick Aviation Group Limited has acquired Canadian aerospace engineering and manufacturing company Genaire Ltd. The deal is intended to expand Maverick’s technical capabilities—particularly around aircraft fuel systems, ground support equipment, and manufacturing—and strengthen its Eastern Canada presence as it builds a coast-to-coast aviation services network.
-
- Buyer
- Volatus Aerospace Inc.
- Target
- Synergy Aviation Ltd.
- Seller
- Minority shareholders of Synergy Aviation Ltd. (including Marc Hanatshek)
- Industry
- Aerospace & Defense
- Location
- Canada
- Type
- Buyout
Volatus Aerospace has completed its acquisition of the remaining 41.53% minority interest in Synergy Aviation Ltd., bringing Volatus’ ownership to 100%. As consideration, Volatus issued 2,444,243 common voting shares of Volatus to Synergy’s minority shareholders, simplifying operational coordination and enabling full consolidation of Synergy’s commercial aircraft operations.
-
January 28, 2026
- Buyer
- Avmax Group Inc.
- Target
- Condor Aircraft Accessories
- Industry
- Aerospace & Defense
- Location
- Alberta, Canada
- Type
- Buyout
Avmax Group Inc. has completed the acquisition of Condor Aircraft Accessories, integrating Condor's approved maintenance organisation as a division within Avmax. The deal expands Avmax's in-house component maintenance, repair and overhaul (MRO) capabilities and broadens service offerings for customers in Canada and worldwide while maintaining existing day-to-day operations.
-
January 26, 2026
- Buyer
- Airbus SE
- Target
- Bombardier C Series / A220 program (C Series Aircraft Limited Partnership)
- Seller
- Bombardier Inc.
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
Airbus acquired control of Bombardier’s C Series jet program (rebranded A220) in 2018, taking majority ownership of the program and integrating production into its Airbus Canada operations in Mirabel. The deal left the Quebec government as a minority partner (later increasing its stake) while Bombardier relinquished ownership; Airbus views the A220 as a strategic capability to broaden its product offering and improve manufacturing scale.
-
July 31, 2025
- Buyer
- Solestra Group, Emko Capital
- Target
- LHM Technologies Inc.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Addon
Solestra Group, a North American precision manufacturing platform backed by Emko Capital, has acquired LHM Technologies Inc., a Woodbridge, Ontario-based supplier specializing in landing gear systems. The acquisition expands Solestra's aerospace manufacturing footprint to five North American sites and deepens its capabilities in precision machining, sub-assemblies, and flight-critical landing gear components.
-
July 24, 2025
- Buyer
- Chorus Aviation
- Target
- Elisen & Associates
- Industry
- Aerospace & Defense
- Location
- Canada
- Type
- Buyout
Chorus Aviation announced it will acquire Elisen & Associates, a Montreal-based aerospace engineering and certification services firm. The deal is expected to close before year-end, pending regulatory approvals and customary conditions, and Elisen’s co-founders will remain in charge post-acquisition.
-
- Buyer
- Maverick Aviation Group Limited
- Target
- Maxcraft Avionics Ltd.
- Industry
- Aerospace & Defense
- Location
- British Columbia, Canada
- Type
- Buyout
Maverick Aviation Group Limited has acquired Maxcraft Avionics Ltd., a Pitt Meadows, British Columbia-based avionics installation, repair, and design engineering provider. The deal expands Maverick's Western Canada footprint and adds technical capabilities and a 30,000 sq ft facility staffed by 45 technicians and engineers to its national aviation services platform.
-
- Buyer
- De Havilland Aircraft of Canada
- Target
- Fleet Canada Inc.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
De Havilland Aircraft of Canada (DHC) has acquired all shares of Fleet Canada Inc., a Fort Erie, Ontario-based aerostructures and parts manufacturer. The purchase brings a 500,000 sq. ft. facility and capabilities such as metal-to-metal bonding and advanced composites in-house to support DHC production and growth.
-
- Buyer
- Firan Technology Group Corporation (FTG)
- Target
- FLYHT Aerospace Solutions Ltd.
- Industry
- Aerospace & Defense
- Location
- Alberta, Canada
- Type
- Buyout
Firan Technology Group Corporation (FTG) has acquired all of the issued and outstanding shares of FLYHT Aerospace Solutions Ltd. under a court-approved plan of arrangement, with closing announced December 20, 2024. The deal, which used a mix of cash and FTG shares as consideration (subject to pro-ration and caps), expands FTG's presence in the commercial aerospace aftermarket and adds FLYHT's SATCOM hardware and data/analytics capabilities to FTG's portfolio.
-
- Buyer
- DCM Group Inc., Thrust Capital Partners, Investissement Québec, Desjardins Capital
- Target
- Koss Aerospace, Brampton Processing
- Seller
- DH Aerospace Holding Inc. / Cajic family (Dragomir, Helene and the Cajic family)
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Addon
DCM Group Inc., a Thrust Capital Partners portfolio company, has acquired DH Aerospace Holding Inc. operating as Koss Aerospace and Brampton Processing, expanding DCM's footprint into Ontario and adding in-house surface treatment capabilities. The acquisition vertically integrates metal finishing and plating services across DCM's operations, broadening its aerospace manufacturing offerings and customer base; Alexander Cajic will remain on board as VP Ontario Division. The transaction is supported by Thrust Capital Partners with backing from Investissement Québec and Desjardins Capital.
-
July 11, 2024
- Buyer
- Platinum Equity
- Target
- Héroux-Devtek
- Seller
- Public shareholders of Héroux-Devtek, Rollover Shareholders (members of senior management)
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
Platinum Equity, through an affiliate purchaser, has agreed to acquire all outstanding common shares of Héroux-Devtek for C$32.50 per share in a transaction valuing the company at approximately US$1.35 billion. Héroux-Devtek management will roll over a portion of their equity, and Platinum Equity said it will keep the company headquartered and invest in its Québec operations while pursuing organic growth and strategic acquisitions.
-
June 21, 2024
- Buyer
- SCALIAN
- Target
- MANNARINO Systems & Software Inc.
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
SCALIAN has acquired Canadian avionics and safety-critical systems specialist MANNARINO Systems & Software Inc., strengthening SCALIAN's avionics, embedded software and certification capabilities in North America. The deal expands SCALIAN's system & software engineering footprint—particularly in Advanced Air Mobility, eVTOL and drone markets—and brings MANNARINO's Transport Canada DAO and near-complete ARINC 653 RTOS certification into the group.
-
- Buyer
- Swift Anchor Holdings, Balance Point Capital
- Target
- Essential Turbines
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Growth capital
Swift Anchor Holdings, alongside Balance Point Capital, made a strategic equity and debt investment in Essential Turbines, a Montreal-based aerospace MRO specialist focused on Rolls‑Royce M250 and RR300 engines. The transaction provides capital to broaden ETI's capabilities; Swift Anchor partner Gannon Gambeski will assume day-to-day leadership while founder Michael E. Guntner Jr. retains a minority stake.
-
May 22, 2024
- Buyer
- TransDigm Group Incorporated
- Target
- SEI Industries LTD.
- Industry
- Aerospace & Defense
- Location
- British Columbia, Canada
- Type
- Buyout
TransDigm Group Incorporated completed the acquisition of SEI Industries LTD., a Delta, British Columbia–based maker of the Bambi Bucket and other aerial firefighting and liquid-transportation products. SEI, which employs about 80 people and is expected to generate roughly $30 million in 2024 revenue with ~85% aftermarket sales, will expand TransDigm’s proprietary, aftermarket-focused aerospace product portfolio.
-
April 29, 2024
- Buyer
- AEFP Group, Emko Capital
- Target
- Trinity Aerospace
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Addon
AEFP Group has acquired Trinity Aerospace, a Mississauga-based aerospace fabrication and assembly specialist, with support from investor Emko Capital. The transaction strengthens AEFP Group’s precision manufacturing and integrated-assembly capabilities and expands its North American aerospace footprint to better serve OEM customers such as Airbus and Bombardier.
-
December 8, 2023
- Buyer
- Thrust Capital Partners, Desjardins Capital
- Target
- DCM Group (Groupe DCM)
- Seller
- Former shareholders (unnamed)
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
Thrust Capital Partners, in partnership with Desjardins Capital, has acquired DCM Group, a Quebec-based manufacturer of aerostructure components, ground support equipment and MRO services. Investissement Québec remains an investor in DCM, and the company's existing management team will remain in place as TCP pursues growth and global expansion of the platform.
-
- Buyer
- De Havilland Aircraft of Canada Limited
- Target
- Mid-Canada Mod Center (MC2), Avionics Design Services (ADS)
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
De Havilland Aircraft of Canada Limited has purchased Mid-Canada Mod Center (MC2) and Avionics Design Services (ADS) to expand its engineering, avionics upgrade, and MRO capabilities across Canada. The acquisitions support De Havilland's integration of Universal Avionics flight decks for its CL-215T/CL-415 firefighting aircraft and the acquired businesses will operate as subsidiaries with existing leadership remaining in place.
-
September 8, 2023
- Buyer
- Muhr und Bender KG (Mubea)
- Target
- Cyclone Manufacturing Inc.
- Seller
- Andrew Sochaj and his family
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
Muhr und Bender KG (Mubea) has signed an agreement to acquire Canadian aerospace parts manufacturer Cyclone Manufacturing Inc. from Andrew Sochaj and his family. Cyclone — with roughly 700 employees across Canada and Poland and approx. CAD 120 million in sales (FY22/23) — will be integrated into Mubea's Aviation Division to expand Mubea's production capabilities in larger components and assemblies and broaden its aerospace customer base.
-
August 16, 2023
- Buyer
- Thrust Capital Partners
- Target
- Dishon Limited
- Seller
- Dishy family
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
Thrust Capital Partners (TCP), a Canadian private equity firm focused on the aerospace supply chain, has entered a strategic partnership with Dishon Limited, an Ontario-based precision machine shop that manufactures complex machined components for the aerospace, space and satellite sectors. The transaction is TCP's first platform acquisition (Fund I) and the Dishy family will retain substantial ownership and remain in their current roles as the company pursues geographic expansion and growth.
-
August 1, 2023
- Buyer
- Flexjet Inc.
- Target
- Flying Colors Corp.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
Flexjet Inc. has acquired Flying Colors Corp., a Peterborough, Ontario–based aviation maintenance, repair and overhaul (MRO) and completions specialist. The deal brings roughly 250 Flying Colors employees into Flexjet and expands Flexjet's in-house maintenance, completions and paint capabilities across its global network.
-
- Buyer
- Arcline Investment Management
- Target
- International Water-Guard
- Industry
- Aerospace & Defense
- Location
- British Columbia, Canada
- Type
- Buyout
Arcline Investment Management, a US-based private equity firm, has acquired International Water-Guard (IWG), a Surrey, British Columbia–based provider of flight-certified potable water systems and components for business, VIP and military aircraft. The acquisition expands Arcline’s portfolio of engineered aerospace systems and positions IWG to accelerate product development and aftermarket growth with Arcline’s support.
-
- Buyer
- Morgan Stanley Private Equity Secondaries, Clairvest Group, CDPQ
- Target
- Top Aces
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Growth capital
Investment funds managed by Morgan Stanley Private Equity Secondaries and Clairvest Group completed a growth equity investment in Top Aces alongside existing shareholder CDPQ. The capital will support expansion of Top Aces' aircraft fleet and the international growth of its adversary air and JTAC training services.
-
- Buyer
- RENK Group, Horstman
- Target
- General Kinetics Engineering Corporation
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
RENK Group, through its suspension specialist Horstman, has acquired General Kinetics Engineering Corporation and combined it with Horstman's existing mobility operations to create Horstman Canada. The deal brings General Kinetics' Canadian and U.S. facilities and employees into Horstman's global footprint to expand RENK's presence and capabilities in North American combat vehicle suspension and vibration mitigation.
-
January 12, 2023
- Buyer
- Epiq Solutions, Veritas Capital (Vantage Fund)
- Target
- Xiphos Systems Corporation
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Addon
Epiq Solutions, a portfolio company of The Veritas Capital Vantage Fund, completed the acquisition of Montreal-based Xiphos Systems Corporation, a provider of high-performance, space-focused embedded computing solutions. Xiphos will join the Epiq platform and continue to operate under its current leadership in Montreal as the combined businesses expand Epiq’s low-power, open-architecture processing capabilities into space and other mission-critical environments; financial terms were not disclosed.
-
May 31, 2022
- Buyer
- Allied Motion Technologies Inc.
- Target
- FPH Group
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
Allied Motion Technologies Inc. acquired FPH Group, a Canada-based developer of electrical drive systems and lightweight composite technologies for ground-based defense vehicles. The deal expands Allied Motion's capabilities and defense market penetration by adding FPH's engineering, prototyping and production expertise; financial terms were not disclosed.
-
May 5, 2022
- Buyer
- Latécoère
- Target
- Avcorp Industries Inc.
- Industry
- Aerospace & Defense
- Location
- Canada
- Type
- Buyout
Latécoère entered into a definitive arrangement agreement to acquire Avcorp Industries Inc. for CAD$0.11 per share in a cash deal valued at approximately CAD$41 million. The transaction strengthens Latécoère’s Aerostructures business by expanding North American manufacturing footprint and increasing exposure to defense and key aircraft platforms such as the B737 Max and F-35.
-
March 14, 2022
- Buyer
- TransDigm Group Incorporated
- Target
- DART Aerospace
- Seller
- Greenbriar Equity Group, L.P., First Aviation Services Inc.
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
TransDigm Group Incorporated agreed to acquire DART Aerospace, a Montreal-based manufacturer of helicopter mission equipment, from Greenbriar Equity Group and First Aviation Services for approximately $360 million in cash. DART, which generates roughly $100 million in pro forma 2022 revenue and employs about 400 people across facilities in Canada, the U.S. and Mexico, was acquired to expand TransDigm's proprietary product and aftermarket capabilities; the deal is expected to close in Q2 2022 subject to customary approvals.
-
September 1, 2021
- Buyer
- CAI Capital Partners
- Target
- ATS Services Ltd.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
CAI Capital Partners has closed an investment in ATS Services Ltd., a Canada-based provider of aviation communication services, meteorological observations, training, and equipment distribution. The transaction — CAI's fourth platform investment from its sixth fund — will support ATS' continued growth across its 65 Canadian sites and was debt-financed by The Bank of Nova Scotia.
-
July 23, 2021
- Buyer
- Maverick Aviation Group Limited
- Target
- Bristow Instruments
- Industry
- Aerospace & Defense
- Location
- Alberta, Canada
- Type
- Buyout
Maverick Aviation Group Limited has acquired Bristow Instruments, a Sherwood Park, Alberta-based provider of aviation instrument sales, repair and calibration services. The deal is Maverick's inaugural platform acquisition; Bristow's former president and investor Bill Paliwoda will remain involved to support the transition as Maverick invests to expand capabilities and market presence.
-
December 2, 2020
- Buyer
- FL Technics, Avia Solutions Group
- Target
- Wright International
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
FL Technics, part of Avia Solutions Group, acquired Wright International, a Toronto Pearson–headquartered provider of aircraft line maintenance services, giving FL Technics a foothold in the North American MRO market. Wright International will continue to be led by its founders and will join FL Technics' global network of line- and base-maintenance operations.
-
October 20, 2020
- Buyer
- FDH, Audax Private Equity
- Target
- Société AHE Inc.
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Addon
FDH, a portfolio company of Audax Private Equity, has acquired Société AHE Inc., a Montreal-based distributor of aerospace hardware focused on the rotorcraft market. The add-on expands FDH's rotorcraft product offerings and global reach and is the company's seventh acquisition (fifth since Audax's 2017 investment).
-
January 28, 2020
- Buyer
- Precision Aviation Group, Inc. (PAG), GenNx360 Capital Partners
- Target
- World Aviation Corporation (WAC)
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Addon
Precision Aviation Group, Inc. (PAG), a GenNx360-backed aerospace MRO platform, has acquired Toronto-based World Aviation Corporation (WAC), a specialist in the rewind and repair of rotary and static electrical generator and motor sub-components. The deal expands PAG's MRO capabilities and Canadian footprint (adding a Toronto location and roughly 60 skilled technicians), supporting PAG's broader growth strategy under GenNx360.
-
October 21, 2017
- Buyer
- Don Wall (through a Canadian acquisition company), PHI, Inc.
- Target
- HNZ Group Inc.
- Seller
- HNZ Group Inc. shareholders
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Buyout
HNZ Group Inc. will be acquired for CAD$18.70 per share by Don Wall (through a Canadian acquisition vehicle), with PHI, Inc. purchasing the Corporation's offshore operations in New Zealand, Australia, the Philippines and Papua New Guinea. The arrangement values HNZ at approximately CAD$242.4 million and is expected to close by the end of January 2018, providing cash liquidity to shareholders and continuity for employees.
-
December 12, 2016
- Buyer
- Aircraft Technical Publishers (ATP), ParkerGale
- Target
- CaseBank Technologies, Inc.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Addon
ParkerGale portfolio company Aircraft Technical Publishers (ATP) has acquired CaseBank Technologies, Inc., a developer of integrated diagnostic, troubleshooting and fault-detection solutions for the aviation, aerospace and defense markets. The deal expands ATP’s diagnostic and proactive fault-detection capabilities, enabling a more integrated suite of maintenance tools and services for MROs and operators.
-
October 9, 2015
- Buyer
- Aero 3, Inc., AeroRepair Corp.
- Target
- Avianor Wheel & Brake Division (Avianor, Inc.)
- Seller
- Avianor, Inc., Sylvain Savard
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Type
- Addon
Aero 3, Inc., together with its wholly owned subsidiary AeroRepair Corp., acquired the Wheel & Brake Division of Avianor, Inc., expanding Aero 3's MRO footprint into Canada. The acquisition adds Montreal and Calgary facilities, increases capacity and broadens AeroRepair's capability to service Boeing and Airbus narrow- and wide-body aircraft as part of an add-on growth strategy.
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Frequently Asked Questions
What types of aerospace and defense acquisitions are most common in Canada on this page?
The listed transactions emphasize capability add-ons such as UAV/drone and defense systems, engineering and certification services, MRO and aftermarket services, and flight-critical components (e.g., landing gear, fuel systems, avionics, and SATCOM/data/analytics).
Which Canadian provinces appear most in the deal locations?
Ontario, Quebec, British Columbia, Alberta, and Canada (broadly) appear repeatedly in the listed transaction locations.
Do any deals involve staged ownership changes or court-approved arrangements?
Yes. For example, Volatus Aerospace completed a buyout to reach 100% ownership of Synergy Aviation, and multiple deals reference court-approved plans of arrangement (e.g., Firan Technology Group → FLYHT; Equinox Gold → Orla Mining; FLYHT acquisition).
Are technology-focused defense themes included, or is it mostly manufacturing?
Both show up. The deals include technology-focused defense and mission systems (including UAV/drone and AI-enabled defense systems) alongside manufacturing and maintenance capability expansions (e.g., component maintenance and engineering capabilities).
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Aerospace & Defense Acquisitions in 2026
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