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A&D Weekly News & Transactions - Week 50
Industry Headline News
Sonaca and Aciturri are merging their aerostructures operations to form a European aviation leader, combining expertise in metal and composite structures
Dec. 13, 2024 - The new entity, with 6,200 employees and projected 2024 revenues of €1.1 billion, aims to accelerate innovation in eco-friendly aerospace and secure Europe’s leadership in next-generation aircraft design. Both companies will retain active governance roles, ensuring continuity across their current locations and teams. (CompositesWorld)
Dec. 13, 2024 - The new entity, with 6,200 employees and projected 2024 revenues of €1.1 billion, aims to accelerate innovation in eco-friendly aerospace and secure Europe’s leadership in next-generation aircraft design. Both companies will retain active governance roles, ensuring continuity across their current locations and teams. (CompositesWorld)
Boeing plans to invest $1B to expand its South Carolina facility, creating 500 new jobs over five years and boosting 787 Dreamliner production to 10 jets per month by 2026
Dec. 12, 2024 - The investment aims to address growing demand for widebody planes and prepare for potential future increases, while tackling manufacturing challenges and competition from Airbus. Boeing is currently ramping up production to five jets per month after earlier supply chain delays. (Reuters)
Dec. 12, 2024 - The investment aims to address growing demand for widebody planes and prepare for potential future increases, while tackling manufacturing challenges and competition from Airbus. Boeing is currently ramping up production to five jets per month after earlier supply chain delays. (Reuters)
Anduril and Archer are partnering to develop cost-effective hybrid VTOL aircraft for U.S. defense, combining advanced VTOL and AI expertise
Dec. 12, 2024 - Archer has launched a dedicated defense program, secured $430 million in new equity funding, and delivered its Midnight eVTOL aircraft to the U.S. Air Force for evaluation. This collaboration aims to fast-track hybrid VTOL deployment while reducing costs compared to traditional approaches. (AeroTime)
Dec. 12, 2024 - Archer has launched a dedicated defense program, secured $430 million in new equity funding, and delivered its Midnight eVTOL aircraft to the U.S. Air Force for evaluation. This collaboration aims to fast-track hybrid VTOL deployment while reducing costs compared to traditional approaches. (AeroTime)
Boeing secured a $450.5M contract to upgrade Japan’s F-15J fleet under the F-15 Super Interceptor Program
Dec. 11, 2024 - These upgrades include enhancing the aircraft with advanced radar, processing systems, and electronic warfare capabilities and is expected to be completed by 2030. The program, initially paused due to costs, and resumed with the modernization of 68 jets included in Japan's 2022 budget. (AIA)
Dec. 11, 2024 - These upgrades include enhancing the aircraft with advanced radar, processing systems, and electronic warfare capabilities and is expected to be completed by 2030. The program, initially paused due to costs, and resumed with the modernization of 68 jets included in Japan's 2022 budget. (AIA)
Boeing's deliveries in November dropped to 13, impacted by a 7 week strike, but production of the 737 MAX has restarted, with plans to increase output to 38 jets per month
Dec. 10, 2024 - The company aims to resume 767, 777, and 777X production soon, focusing on safety, quality, and training, while also grappling with supply chain challenges. Despite cancellations, Boeing booked 49 gross orders for the month, offsetting losses and signaling a cautious recovery. (Reuters)
Anduril Industries is testing its self-funded Dive-XL autonomous submarine off California’s coast, aiming to demonstrate its capabilities to the U.S. Navy and other customers
Dec. 9, 2024 - The modular electric-powered submarine, designed for military and commercial use, recently completed a 100-hour mission and is preparing for a record-setting 1,000-nautical-mile voyage. Anduril highlights its cost-effectiveness and adaptability compared to competitors, with ongoing production for the Australian Navy and plans for large-scale manufacturing in the U.S. (Breaking Defense)
Dec. 9, 2024 - The modular electric-powered submarine, designed for military and commercial use, recently completed a 100-hour mission and is preparing for a record-setting 1,000-nautical-mile voyage. Anduril highlights its cost-effectiveness and adaptability compared to competitors, with ongoing production for the Australian Navy and plans for large-scale manufacturing in the U.S. (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 | Paradyme Management Cathexis |
- | - | - | Mclean, VA | Government Services, IT Services and Software |
2 | Calhoun International Core One Solutions [Blue Delta Capital] |
- | - | - | Tampa, FL | Government Services, IT Services and Software |
3 | Air Data Systems Volatus Aerospace |
- | - | - | Cardiff, United Kingdom | Controls & Systems |
4 | Inertial Labs Viavi Solutions |
$325.0 | - | - | Paeonian Springs, VA | Controls & Systems |
5 | Aerostructures Division of Aciturri [Aciturri] Sonaca |
- | - | - | Miranda de Ebro, Spain | Machined & Cast Parts |
No. | Target Descriptions |
1 | Paradyme is a provider of software development solutions for private sector and U.S. federal government civil and diplomatic markets. The company specializes in AI/ML, DevSecOps, agile software development, human-centered design, and ERP solutions. |
2 | Calhoun is a provider of intelligence & operations support, technology protection, strategic planning & analysis, training & course development, and information technology services to private sector and U.S. federal government defense markets. |
3 | Air Data Systems specializes in the development and integration of air data computers, sensors, and avionics systems for aerospace and defense applications. The company focuses on providing accurate, reliable solutions that enhance flight safety, performance, and mission readiness in challenging environments. |
4 | Inertial Labs develops advanced inertial navigation systems, motion trackers, and GPS-aided solutions for aerospace, defense, and industrial applications. The company specializes in precise positioning, orientation, and navigation technologies for both manned and unmanned platforms. |
5 | The Aerostructures Division of Aciturri designs and manufactures aerostructures, engine components, and assembly solutions for the aerospace industry. The division partners with leading aircraft manufacturers to deliver lightweight, high-performance components that meet stringent quality and safety standards. |
Selected Janes Capital Partners A&D Experience