--- title: A&D Weekly News & Transactions - Week 39 description: The JCP A&D Weekly Report from Monday, September 30th, 2024 covers significant developments in the aerospace and defense industry. image: https://blog.janescapital.com/hubfs/Weekly%20AD%20-%20New/A%26D%20Weekly%20Recap%20-%20Week%2039%20(9.30.24).png --- [![Janes Capital Partners](https://blog.janescapital.com/hs-fs/hubfs/JCP-Logo-Color.png?width=700&height=86&name=JCP-Logo-Color.png "Janes Capital Partners")](https://www.janescapital.com/) [![Janes Capital Partners](https://blog.janescapital.com/hs-fs/hubfs/JCP-Logo-Color.png?width=720&height=89&name=JCP-Logo-Color.png "Janes Capital Partners")](https://www.janescapital.com/) - [Who We Are](https://www.janescapital.com/who-we-are) - [Advisory Services](https://www.janescapital.com/aerospace-defense-advisory-services) - Transactions - [Our Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Case Studies](https://blog.janescapital.com/case-studies) - Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - News & Events - [News & Past Events](https://blog.janescapital.com/news-events) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) - [Who We Are](https://www.janescapital.com/who-we-are) - [Advisory Services](https://www.janescapital.com/aerospace-defense-advisory-services) - Transactions - [Our Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Case Studies](https://blog.janescapital.com/case-studies) - Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - News & Events - [News & Past Events](https://blog.janescapital.com/news-events) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) A&D Weekly Reports #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/weekly-ad-news-transactions/09-30-2024&text=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+39) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/weekly-ad-news-transactions/09-30-2024&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+39) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.janescapital.com/weekly-ad-news-transactions/09-30-2024&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+39) # A&D Weekly News & Transactions - Week 39 by **[Stephen Perry](https://blog.janescapital.com/weekly-ad-news-transactions/author/stephen-perry)** ![](https://blog.janescapital.com/hubfs/Weekly%20AD%20-%20New/A%26D%20Weekly%20Recap%20-%20Week%2039%20(9.30.24).png)   ### Industry Headline News ![NorthropGruman\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/NorthropGruman_Logo.png?width=1280&height=1280&name=NorthropGruman_Logo.png) **Northrop Grumman has been selected by the U.S. Missile Defense Agency to continue developing the Glide Phase Interceptor** *Sept. 25, 2024 -* This collaboration between the U.S. and Japan, marks a significant milestone in hypersonic defense efforts, with Northrop set to refine GPI's design and conduct flight experiments. Missile defense experts will caution that while this development is crucial, the U.S. requires multiple solutions to effectively address a range of high-speed missile threats. [(Breaking Defense)](https://breakingdefense.com/2024/09/northrop-selected-to-develop-anti-hypersonic-glide-phase-interceptor/) Northrop Grumman has been selected by the U.S. Missile Defense Agency to continue developing the Glide Phase Interceptor Sept. 25, 2024 - This collaboration between the U.S. and Japan, marks a significant milestone in hypersonic defense efforts, with Northrop set to refine GPI's design and conduct flight experiments. Missile defense experts will caution that while this development is crucial, the U.S. requires multiple solutions to effectively address a range of high-speed missile threats. (Breaking Defense) ![Ingalls](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/Ingalls.png?width=500&height=500&name=Ingalls.png) **HII's Ingalls Shipbuilding won $9.6 billion in contracts to build four amphibious warships, including three San Antonio-class ships and the big deck amphib Helmand Province** *Sept. 24, 2024 -* The award provides stability to Ingalls' workforce and supports the Navy and Marine Corps' goal of maintaining a minimum of 31 amphibious warships. The Navy's multi-year deal saved $901 million and ensures the replacement of older ships. [(USNI News)](https://news.usni.org/2024/09/24/ingalls-wins-9-6b-in-shipbuilding-contracts-for-4-amphibious-warhsips) HII's Ingalls Shipbuilding won $9.6 billion in contracts to build four amphibious warships, including three San Antonio-class ships and the big deck amphib Helmand Province Sept. 24, 2024 - The award provides stability to Ingalls' workforce and supports the Navy and Marine Corps' goal of maintaining a minimum of 31 amphibious warships. The Navy's multi-year deal saved $901 million and ensures the replacement of older ships. (USNI News) ![Textron](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/Textron.png?width=500&height=500&name=Textron.png) **Textron Aviation workers in Wichita, represented by the IAM Local 774, are on strike after rejecting a contract proposal offering a 26% pay raise over four years** *Sept. 25, 2024 -* The union is demanding better wages, healthcare, job security, and retirement plans. Talks could potentially resume next week, with both sides expressing a willingness to negotiate. [(AeroTime)](https://www.aerotime.aero/articles/textron-workers-remain-on-strike-negotiations-to-resume) Textron Aviation workers in Wichita, represented by the IAM Local 774, are on strike after rejecting a contract proposal offering a 26% pay raise over four years Sept. 25, 2024 - The union is demanding better wages, healthcare, job security, and retirement plans. Talks could potentially resume next week, with both sides expressing a willingness to negotiate. (AeroTime) ![StandardAero](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/StandardAero.png?width=500&height=500&name=StandardAero.png) **StandardAero plans to raise $1.1 billion through an IPO, valuing the company at up to $7.5 billion** *Sept. 24, 2024 -* Backed by Carlyle Group and GIC, the company aims to boost its valuation after previous bids fell short of expectations. The IPO follows StandardAero’s acquisition of Aero Turbine and its improved financial performance in the first half of the year. [(Aviation Week)](https://aviationweek.com/mro/aircraft-propulsion/standardaero-aims-raise-11b-ipo) StandardAero plans to raise $1.1 billion through an IPO, valuing the company at up to $7.5 billion Sept. 24, 2024 - Backed by Carlyle Group and GIC, the company aims to boost its valuation after previous bids fell short of expectations. The IPO follows StandardAero’s acquisition of Aero Turbine and its improved financial performance in the first half of the year. (Aviation Week) ![Boeing\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/Boeing_Logo.png?width=3840&height=3840&name=Boeing_Logo.png) **Boeing's "final" offer was rejected by the striking workers' union, which claims the proposal doesn't adequately address key concerns** *Sept. 23, 2024 -* The union plans to survey its members instead of voting on the offer, as over 32,000 workers have been on strike since September 13, seeking higher pay and better retirement benefits. [(Reuters)](https://www.reuters.com/business/aerospace-defense/boeing-increases-wage-offer-30-striking-workers-2024-09-23/) Boeing's "final" offer was rejected by the striking workers' union, which claims the proposal doesn't adequately address key concerns Sept. 23, 2024 - The union plans to survey its members instead of voting on the offer, as over 32,000 workers have been on strike since September 13, seeking higher pay and better retirement benefits. (Reuters) ### Weekly Transaction Review | **No.** | **Parties Involved** | **Transaction Metrics** | **Location** | **Segment** | | | | --- | --- | --- | --- | --- | --- | --- | | | **Target \[Parent\]** Acquirer \[Parent\] | Price ($M) | Price/ Revenue | Price/ EBITDA | Target | Target | | 1 | **Alabama Shipyard** CapZone Impact Investments | - | - | - | Mobile, AL | Navy/Maritime | | 2 | **Technology Resale Business \[Three Wire Systems\]**Mythics \[One Equity Partners\] | - | - | - | Falls Church, VA | Government Services, IT Services and Software | | 3 | **Kagwerks** Codan | $23.5 | - | - | Vancouver, WA | Defense Electronics | | 4 | **Sabre Systems** CM Equity Partners | - | - | - | Warminster, PA | Government Services, IT Services and Software | | 5 | **FBO Operation at Milwaukee Mitchell \[Jet IN\]** Jet Aviation \[General Dynamics\] | - | - | - | Milwaukee, WI | MRO & Logistics | | **No.** | **Target Descriptions** | | --- | --- | | 1 | Alabama Shipyard provides maintenance, repair, overhaul, conversion, and shipbreaking services to the commercial and government markets. The company's capabilities include bulkhead installation, blasting & coating, vessel length modification, and HVAC. | | 2 | The Three Wire Systems Technology Business partners with a myriad of technology organizations, such as Dell, Broadcom, Zscaler, Ping among others, to offer third party innovative solutions that deliver transformations for Government customers. | | 3 | Kagwerks develops and manufactures rugged, tactical operator-worn communications technologies for private sector and U.S. federal government defense markets. The company's Dismounted Operator's Combat Kit (DOCK) platform is a modular and scalable communications system capable of command, control, and edge computing and is built for the individual warfighter. | | 4 | Sabre Systems is a provider of professional services and information technology (IT) solutions to private sector and U.S. federal government civil and defense markets. The company's core competencies include cyber, advanced communications technologies, digital transformation, enterprise data management, and systems & software engineering. | | 5 | The FBO Operation at Milwaukee Mitchell provides handling, fueling, and services for passengers and crew. The operation features a 10,000-square-foot passenger terminal, 40,000-square feet of aircraft hangarage, a 10,000-square-foot maintenance shop, and more than three acres of dedicated ramp space. | ### Selected Janes Capital Partners A&D Experience ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Schatz%20Bearing%20Arxis%20(2).jpg) [Arxis Acquires Schatz Bearing Corporation](https://blog.janescapital.com/news-events/arxis-acquires-schatz-bearing-corporation) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/TDG%20Undisclosed%202.jpg) [TransDigm Group Acquires an Undisclosed Provider of Proprietary Aerospace Instrumentation and Sensing Solutions](https://blog.janescapital.com/news-events/transdigm-group-undisclosed-provider-proprietary-aerospace-instrumentation) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Cook%20Defence%20HEICO-1.png) [Cook Defence Systems Acquired by HEICO](https://blog.janescapital.com/news-events/cook-defence-systems-has-been-acquired-by-heico) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Exo-Anduril-Tombstone.png) [ExoAnalytic Solutions Acquired by Anduril](https://blog.janescapital.com/news-events/exoanalytic-solutions-has-agreed-to-be-acquired-by-anduril) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/ScanfiberComposites.png) [Scanfiber Has Been Acquired by Fjord Defence](https://blog.janescapital.com/news-events/scanfiber-has-been-acquired-by-fjord-defence) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/TDG%20Undisclosed%20Tombstone.png) [TransDigm Group Acquires an Undisclosed Provider of Defense Products](https://blog.janescapital.com/news-events/transdigm-group-undisclosed-provider-defense-electronics) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/OSL%20Terma.png) [OSL Technology Has Been Acquired by Terma A/S](https://blog.janescapital.com/news-events/osl-acquired-by-terma) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/ACC-Arcline.png) [American Casting Company Receives Strategic Investment from Arcline](https://blog.janescapital.com/news-events/janes-capital-partners-advises-american-casting-company-on-its-strategic-investment-by-arcline) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Digital_Barriers_ARC_Group.png) [Digital Barriers Has Been Acquired by TJC-Backed ACR Group](https://blog.janescapital.com/news-events/digital-barriers-has-been-acquired-by-tjc-based-acr-group) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/HTS-BTX%20Precision.jpg) [High Tech Solutions Has Been Acquired By BTX Precision](https://blog.janescapital.com/news-events/high-tech-solutions-acquired-by-btx-precision) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Leichtwerk%20AG%20Rheinmetall.png) [Assets of Leichtwerk AG Acquired by Rheinmetall AG](https://blog.janescapital.com/news-events/assets-of-leichtwerk-ag-acquired-by-rheinmetall-ag) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/ETL%20-%20IRT.png) [ETL Systems has acquired IRT Technologies](https://blog.janescapital.com/news-events/etl-systems-has-acquired-irt-technologies) Read More Load More Transactions Load More Transactions ### Janes Capital Partners Team Contact Information ![Picture2-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Picture2-1.jpeg?width=960&height=960&name=Picture2-1.jpeg) #### Stephen Perry *Managing Director* [Email Stephen](mailto:sperry@janescapital.com)[(949) 769-3323 x6901](tel:9497693323) ![Ken-white-1-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Ken-white-1-1.png?width=960&height=960&name=Ken-white-1-1.png) #### Ken Fukumoto *Director* [Email Ken](mailto:kfukumoto@janescapital.com) [(949) 769-3323 x6904](tel:9497693323) ![Chris-white-1-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Chris-white-1-1.png?width=1200&height=1200&name=Chris-white-1-1.png) #### Chris Reinecke *Vice President* [Email Chris](mailto:cwreinecke@janescapital.com) [(949) 769-3323 x6905](tel:9497693323) ![Bruce-white-1-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Bruce-white-1-1.png?width=1200&height=1200&name=Bruce-white-1-1.png) #### Bruce Renner *Analyst* [Email Bruce](mailto:brenner@janescapital.com) [(949) 769-3323 x6906](tel:9497693323) ### Subscribe to A&D Weekly #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/weekly-ad-news-transactions/09-30-2024&text=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+39) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/weekly-ad-news-transactions/09-30-2024&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+39) [Share on 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