Aerospace & Defense Acquisitions in Pennsylvania

Asylon, Inc. closed a $24 million Series B led by Insight Partners with participation from Veteran Ventures Capital, Allegion Ventures, and the GO PA Fund. The funding will accelerate product development, scale deployments of Asylon’s AI-driven air and ground robotic security solutions, and expand engineering, operations, and go-to-market teams for commercial and government customers.

Frontgrade Technologies has acquired IDSI, LLC, the Defense Solutions division of Crescend Technologies, to expand its high-power RF amplifier and amplifier-based subsystem capabilities for aerospace and defense customers. The York, Pennsylvania–based division strengthens Frontgrade's product portfolio across RF frequency bands and supports Department of Defense tactical missions such as electronic warfare and tactical data link.

Teledyne Technologies has agreed to acquire select aerospace and defense electronics businesses from Excelitas Technologies for approximately $710 million in cash, including the UK-based Optical Systems business (branded Qioptiq) and the U.S.-based Advanced Electronic Systems (AES) business. The businesses will be folded into Teledyne's Aerospace and Defense Electronics segment (operating under the name Teledyne Qioptiq for the optical business) to expand Teledyne's capabilities in optics, tactical night-vision, defense electronics and space applications.

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.

BlueHalo has acquired VideoRay, a Pottstown, Pennsylvania-based maker of small form-factor remotely operated underwater vehicles (ROVs). The acquisition gives BlueHalo an immediate presence in autonomous maritime systems and expands its all-domain defense technology offerings to include unmanned maritime capabilities.

Aero Accessories & Repair, a portfolio company of ATL Partners, has acquired Pittsburgh-based AirGroup America. The add-on expands Aero Accessories' engineered solutions footprint in FAA-approved PMA parts and DER repairs, broadening its aftermarket distribution and repair capabilities; terms were not disclosed.

South Korea’s LIG Nex1 has acquired a 60% control stake in Philadelphia-based Ghost Robotics for $240 million, valuing the company at $400 million. The strategic investment will pair LIG Nex1’s defense technology and manufacturing capabilities with Ghost Robotics’ quadrupedal unmanned ground vehicle (Q-UGV) technology to accelerate product scaling and expand defense and industrial applications.

Sayres Defense, backed by private equity sponsor Broadtree Partners, has acquired Global Systems Technologies (GST). Granite Creek provided debt and equity in support of the transaction alongside JP Morgan Chase and Muzinich BDC; GST joins Broadtree's GovCon platform (alongside Sayres and JRAD) to expand test & evaluation, systems engineering, logistics and R&D capabilities for defense and homeland security customers.

KYOCERA AVX is acquiring the assets, people, and IP of Bliley Technologies and will operate the acquired business under KYOCERA AVX Components Corporation. The asset transfer expands KYOCERA AVX's crystal device portfolio and brings Bliley’s low-noise frequency control products, patents, and a certified Erie, Pennsylvania manufacturing facility into KYOCERA AVX to better serve aerospace, defense, satellite and telecommunications markets.

CBC Global Ammunition (CBC Brazil) has acquired SinterFire, a U.S.-based developer of frangible and lead-free bullet technology headquartered in Kersey, Pennsylvania. The deal brings SinterFire's eco-friendly projectile designs and OEM/government relationships into CBC's global ammunition portfolio to expand capability and accelerate development of environmentally responsible ammunition solutions.

Curtiss-Wright Corporation completed the acquisition of the Safran Aerosystems Arresting Company (SAA) for $240 million in cash. SAA, a designer and manufacturer of fixed‑wing aircraft emergency arresting systems with operations in Aston, Pennsylvania and Merpins, France, generated approximately $70 million of sales in 2021, employs nearly 140 people, and will operate within Curtiss‑Wright’s Naval & Power segment.

JLL Partners, a middle‑market private equity firm, has acquired LCR Embedded Systems, a Jeffersonville, Pennsylvania designer and manufacturer of rugged enclosures, backplanes and integrated systems for the aerospace and defense market. The sale was completed from LCR’s founder and majority owner, Nissen Isakov, and was announced by advisor Alderman & Company.

Precision Aviation Group, a GenNx360 portfolio company, has acquired Keystone Turbine Services (KTS) of Coatesville, Pennsylvania to expand its aerospace MRO capabilities into the Rolls‑Royce M250 engine. The acquisition increases PAG's repair station footprint and diversifies its aftermarket services, while GenNx360 supports the transaction as PAG's controlling private equity sponsor.

Ansys completed the acquisition of Analytical Graphics, Inc. (AGI) for $700 million. The deal brings AGI's mission-driven simulation, modeling and analysis software into Ansys' engineering-simulation portfolio to expand capabilities and accelerate adoption in aerospace, defense and adjacent commercial markets.

Molecular Products Group, a portfolio company of Arlington Capital Partners, has acquired the O.C. Lugo Company, a Connellsville, Pennsylvania manufacturer of sodium chlorate–based chemical oxygen generators and a prime contractor to the U.S. Navy. The acquisition adds a second U.S. manufacturing site for chemical oxygen generation systems, expanding Molecular Products' product offerings and strengthening its position in the defense market.

Seemann Composites, Inc. completed the acquisition of Materials Sciences Corporation (MSC), a composites engineering and manufacturing firm based in Horsham, Pennsylvania. The deal integrates MSC's design, testing and manufacturing capabilities with SCI's composite production platform to expand end-to-end capabilities for defense and other high‑performance markets; MSC's leadership will remain in place.

Applied Research Associates, Inc. (ARA) has acquired Neya Systems LLC, a developer of unmanned ground systems autonomy and perception technologies. The acquisition combines Neya's expertise in autonomy and computer vision with ARA's experience in robotics hardware and systems to expand ARA's unmanned and robotic systems capabilities for defense, homeland security, and commercial markets; terms were not disclosed.

Curtiss-Wright Corporation has completed the acquisition of Teletronics Technology Corporation (TTC) for $233 million in cash. TTC, a Newtown, Pennsylvania–based designer and manufacturer of data acquisition and flight test instrumentation systems (approximately 225 employees), will operate within Curtiss-Wright's Defense segment to broaden its data acquisition product portfolio and expand geographic reach.

The Loar Group, an affiliate of private equity firm JLL Partners, has acquired General Ecology, Inc., a designer and manufacturer of drinking water purification systems based in Exton, Pennsylvania. General Ecology supplies Versa‑Pure systems to commercial and business aircraft and markets consumer/portable systems under the Seagull and First Need brands; approximately 75% of its revenue is aftermarket/replacement and two‑thirds of revenue is from aerospace end markets.