Aerospace & Defense M&A deals

The Partner Companies acquired Phoenix-based specialty metal manufacturer F&B MFG.

Drone autonomy firm Swarmer will host a call October 29 on its previously announced acquisition of Ukrainian ground-robot maker Ratel Robotics.

Wildcat Defense signed an exclusive agreement to buy Fraser Industries of Superior, Wisconsin, parent of Fraser Shipyards, and plans to invest $350 million in the yard.

Chimney Rock-backed Aeromax acquired Loutech, a Chino, California maker of precision aerospace components.

Cyber intelligence firm REDLattice and SPAC Bold Eagle Acquisition Corp. confidentially submitted a draft S-4 for their proposed combination.

D. E. Shaw-backed Threadlock Precision acquired Arizona hydraulic tube assembly maker Service & Sales, Inc.

Government services provider Maximus announced its intent to acquire Agile Defense. The company said the deal advances its defense and national security growth strategy. Terms were not disclosed in the announcement excerpt.

NUBURU closed the acquisition of a 70% controlling interest in Tekne S.p.A. on October 15, expanding its defense and security platform.

NexTech Solutions acquired Halcyon Days Consulting, a Maryland defense tech firm that builds tactical mission networks, adding 90+ staff.

Washington-area private investment firm Arlington Capital Partners has completed its acquisition of Gooch & Housego PLC, an Ilminster, England-based designer and manufacturer of photonic and optical components and subsystems for aerospace and defense, industrial and life sciences markets. Financial terms were not included in the release.

NUBURU closed its acquisition of a 70% controlling stake in Italian defense firm Tekne, adding a $93 million defense and dual-use program portfolio.

NUBURU completed its purchase of a 70% controlling interest in Italian defense firm Tekne after Italian Golden Power clearance, adding a $93 million program portfolio.

Tessera paid $1 million for a 90-day option to acquire 51% of Israel's RT LTA Systems based on an equity value of up to $13 million.

ATL Partners launched the Precise Aerospace & Defense platform by acquiring Precise Metal Products from Staple Street Capital.

Fathom Digital Manufacturing expanded its aerospace and defense platform with three strategic acquisitions; targets and terms were not detailed.

NUBURU has received Italian Golden Power clearance and targets October 15 to close its purchase of a 70% controlling interest in Italian industrial firm Tekne.

OceanSound-backed ARA merged with high-power RF amplifier maker Empower RF to build an integrated RF platform for defense.

Nasdaq-listed Forafric Global signed a letter of intent to acquire 100% of AL NASR Industries & Systems, a recently established Moroccan industrial platform focused on defense projects. AL NASR holds minority stakes in two companies developing defense manufacturing plants in Morocco. Financial terms were not disclosed.

Energetics maker Critical Materials Group acquired national-security lab RMSL; terms were not disclosed.

Beam Global signed a deal to acquire ScoutDI, an industrial inspection drone company, for about $24 million in cash and stock.

Analogic, Altaris and Leidos closed the transaction combining Analogic with Leidos' Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses, operating privately under the Analogic brand.

AIBotics entered a stock exchange agreement to acquire 100% of Empulser Enterprises, founded by Patrick Tsang, who joins as strategic advisor ahead of a contemplated CEO appointment.

Pursuit Aerospace acquired Creasey Castings and is adding 40% more space at its Tunis facility to expand investment casting capacity.

Leidos and investment firm Altaris completed their previously announced transaction combining Leidos' Security Enterprise Solutions business with Analogic to form a scaled U.S.-based joint venture operating under the Analogic brand. Leidos retains a significant minority stake in the new company, which serves airport, border and critical infrastructure screening markets. Leidos said the launch sharpens its focus on growth engines under its NorthStar 2030 strategy.

Sogeclair completed the sale of its Airbus-dedicated engineering activities to Akkodis, covering 366 employees across six countries and roughly 20% of group revenue.

TTM Technologies completed its acquisition of EPIQ Design Solutions for $1.1 billion in cash, subject to customary closing adjustments. Epiq supplies open-architecture, AI-enabled software-defined radios, high-performance RF products and radiation-tolerant space compute used in signals intelligence and electronic warfare. TTM expects the business to be immediately accretive to adjusted EBITDA and accretive to non-GAAP EPS in 2028.

Autonomous Power Corporation, dba Powerus, expected to close its merger into a subsidiary of Aureus Greenway Holdings on October 1, with the combined autonomous defense technology company renamed Powerus Corporation and trading as PUSA.

Defense drone maker Powerus merged into a subsidiary of Nasdaq-listed Aureus Greenway Holdings, which has been renamed Powerus Corporation and continues trading under PUSA.

Industrial Growth Partners completed the sale of Prince & Izant to TransDigm Group for $1.066 billion, with the transaction closing September 28. The Cleveland-based maker of brazing alloys, precious metal components and clad metal solutions serves aerospace, defense, medical and power generation markets. IGP recapitalized the company in 2022 and more than doubled EBITDA through three add-on acquisitions.

Karob Instrument, a family-owned Ocala, Florida precision machining manufacturer serving Gulfstream Aerospace and others, was acquired by an investment group led by EMT Metals CEO Mark Izzo, bringing both companies under common ownership.

AAR CORP. agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, or 10.7x forecast 2026 adjusted EBITDA including $75 million of expected run-rate cost synergies. MRO Holdings employs roughly 10,000 people across 115 lines of airframe maintenance capacity in El Salvador, Mexico, Colombia and the US, with about 90% of revenue from US customers.

RedLattice will merge with Bold Eagle Acquisition Corp. to list on Nasdaq under ticker REDL at a $1.25 billion pre-money valuation, closing expected around year end. The deal could raise about $610 million absent redemptions, including $275 million of 4% convertible notes from Loomis Sayles and $60 million of common stock bought by AE Industrial and the sponsor. Revenue rose 29% to $267 million in the year to June 30.

TransDigm completed its roughly $1.066 billion all-cash acquisition of Prince & Izant, a Cleveland-based maker of engineered brazing alloys and specialty metal components, from Industrial Growth Partners. The price includes certain tax benefits and was funded with cash on hand. P&I is expected to generate about $390 million of revenue in calendar 2026, mostly aftermarket, across nearly 10,000 active SKUs.

Viking Acquisition Corp. I expects to complete its business combination with space situational awareness provider NorthStar Earth & Space on September 30, with shares trading on NYSE American under NSTR.

FTAI Aviation has acquired 27 Boeing 737-700 aircraft from WestJet in one of its largest aircraft transactions to date. FTAI's 2026 SPV, the second vehicle of its Strategic Capital business, took 17 jets on lease to WestJet in a sale-leaseback, while FTAI itself bought 10 off-lease aircraft to feed CFM56-7B engines and modules into its Aerospace Products exchange pool.

Iridium Communications stockholders voted approximately 99.6% in favor of adopting the merger agreement under which Rocket Lab will acquire the satellite operator.

Rocket One Inc. signed a definitive agreement to acquire 100% of Tracer Drone Technologies, a New Jersey provider of drone hardware, software, training and managed services.

Citadel Aviation signed a definitive agreement to acquire Mach 1 Aviation Group, a Savannah-based Gulfstream AOG and maintenance repair station; terms undisclosed, closing expected by end of September 2026.

Signature Aviation acquired Castle & Cooke Aviation Services LLC, operator of a fixed-base operator at Van Nuys Airport, from Castle & Cooke, Inc.; terms undisclosed.

Beretta Holding commenced a cash tender offer to purchase up to 2,400,184 shares of Sturm, Ruger & Company at $44.80 per share, a roughly 21% premium.

Becklin Holdings acquired Chief Avionics, an FAA-certified avionics provider based at Grants Pass Airport in Oregon, expanding its aerospace and defense portfolio.

Arxis, Inc. closed the acquisitions of aerospace bearing maker Schatz Bearing Corporation and ceramic packaging maker StratEdge Corporation in early September.

Canopy Aerospace & Defense, a Trive Capital portfolio company, acquired Turin-based satellite insulation and harness supplier Aviotec S.r.l. through its European platform Canopy International.

Inturai Ventures completed the acquisition of the DomeCommand drone-swarm command-and-control IP for up to C$6,025,000 in cash and shares under an asset purchase agreement.

Arcline Investment Management completed its previously announced take-private acquisition of AstroNova, a provider of aerospace and product identification printing solutions.