Share this
A&D Weekly News & Transactions - Week 37
Industry Headline News
A strike by over 30,000 Boeing workers has disrupted production and supply chains, making it harder for the company to meet its 737 MAX production targets
Sept. 13, 2024 - CFO Brian West warned that the strike could delay Boeing's progress and negatively impact third-quarter margins from its defense and space unit. The strike, the first since 2008, adds further uncertainty to Boeing's supply chain and production schedules. (Reuters)
Sept. 13, 2024 - CFO Brian West warned that the strike could delay Boeing's progress and negatively impact third-quarter margins from its defense and space unit. The strike, the first since 2008, adds further uncertainty to Boeing's supply chain and production schedules. (Reuters)
The U.S. Department of Defense awarded Raytheon a $1.1 billion contract to increase production of Advanced Medium Range Air-to-Air Missiles for 12 allied nations
Sept. 12, 2024 - AMRAAM, known for its fire-and-forget capability, can be integrated with various combat aircraft and missile systems and has been in service for over 30 years. The missile features advanced radar guidance, enabling it to engage multiple targets simultaneously. (AirForce Technology)
Sept. 12, 2024 - AMRAAM, known for its fire-and-forget capability, can be integrated with various combat aircraft and missile systems and has been in service for over 30 years. The missile features advanced radar guidance, enabling it to engage multiple targets simultaneously. (AirForce Technology)
Northrop Grumman may reconsider competing in the Air Force’s Next Generation Air Dominance program if there are significant changes to its requirements
Sept. 12, 2024 - Previously, Northrop opted out, leaving Boeing and Lockheed Martin in the race, but is monitoring the situation closely. Meanwhile, the company is still pursuing the Navy's F/A-XX sixth-generation fighter jet program, with a decision expected next year. (Defense One)
Sept. 12, 2024 - Previously, Northrop opted out, leaving Boeing and Lockheed Martin in the race, but is monitoring the situation closely. Meanwhile, the company is still pursuing the Navy's F/A-XX sixth-generation fighter jet program, with a decision expected next year. (Defense One)
Boeing has delayed its production goal for the 737 MAX by 6 months, pushing the target of 42 jets per month to March 2025, due to safety and regulatory challenges
Sept. 10, 2024 - While Boeing still aims to produce 38 jets a month by the end of 2024, suppliers like Spirit AeroSystems have already reduced their output to align with Boeing’s revised schedule. The company continues to adjust plans based on supply chain conditions to maintain stability. (Reuters)
General Dynamics Information Technology has acquired Iron EagleX, a Tampa-based firm specializing in AI and cybersecurity solutions for special forces
Sept. 9, 2024 - This acquisition expands GDIT’s work with the U.S. Special Operations Command and adds hundreds of skilled employees to its workforce. Iron EagleX, which previously secured significant contracts with SOCOM, sees this merger as an opportunity to enhance its impact on national security. (Breaking Defense)
Sept. 9, 2024 - This acquisition expands GDIT’s work with the U.S. Special Operations Command and adds hundreds of skilled employees to its workforce. Iron EagleX, which previously secured significant contracts with SOCOM, sees this merger as an opportunity to enhance its impact on national security. (Breaking Defense)
Weekly Transaction Review
No. | Parties Involved | Transaction Metrics | Location | Segment | ||
Target [Parent] Acquirer [Parent] |
Price ($M) |
Price/ Revenue |
Price/ EBITDA |
Target | Target | |
1 | Iron EagleX General Dynamics IT [General Dynamic] |
- | - | - | Tampa, FL | Government Services, IT Services and Software |
2 | Harmonia Holdings Madison Dearborn |
- | - | - | McLean, VA | Government Services, IT Services and Software |
3 | Harder Digital Theon International |
- | - | - | Woltersdorf, Germany | Defense Electronics |
4 | Component Repair Technologies Safran |
- | - | - | Mentor, OH | MRO & Logistics |
5 | QualX Renovus Capital |
- | - | - | Springfield, VA | Government Services, IT Services and Software |
6 | Excelicon Strategic Innovation |
- | - | - | Bethesda, MD | Government Services, IT Services and Software |
No. | Target Descriptions |
1 | Iron EagleX is a provider of artificial intelligence/machine learning, cyber, software development and cloud services for the Special Operations Forces and the intelligence community. The company's Product Oriented Delivery (POD) Team leverages the elite operational model inspired by Special Forces, bringing together a cross-functional team which excels in collaborative, high-stakes environments. |
2 | Harmonia is a developer of information technology solutions for private sector and U.S. federal government civil and defense markets. The company provides solutions for AI/ML, cybersecurity, cloud optimization, and data science and analytics. |
3 | HARDER.digital develops and manufactures Gen I, Gen II and Gen III Image intensifiers as well as custom made Image Tubes for private sector and international government defense markets. The company has developed scientific applications of MCP-Screen detectors, offering multiple options of MCP based mounts. |
4 | Keystone Precision is a provider of rapid prototyping, production machining, and mechanical assembly for the defense, aerospace, medical, and industrial industries. The company's precision machined parts can be found in satellite systems, aircraft, and control systems. |
5 | Component Repair Technologies (CRT) specializes in the repair and overhaul of turbine engine components for the aerospace and power generation industries. The company provides precision repair services, including non-destructive testing, welding, machining, and coating, aimed at extending the life of critical engine parts. |
6 | Excelicon is a provider of cybersecurity, DevSecOps, program management, financial management, and training solutions to private sector and U.S. federal government defense, emergency response, and homeland security markets. |
Selected Janes Capital Partners A&D Experience