Segment Monthlies

Defense Electronics M&A Transactions - October 2024

Written by Stephen Perry | November 2024

 

Download and read the October 2024 issue of the Defense Electronics Monthly, covering the latest M&A deal news and valuation trends in the defense electronics sector, including activity in segments such as C4ISR and electronic warfare, rugged electronics, RF & microwave, embedded computing, interconnects, microelectronics & semiconductor and test & measurement. Sign up for the Defense Electronics Monthly distribution list to stay up-to-date on the headline acquisitions impacting your market and the current dynamics of the publicly traded strategic companies within the industry.

Key Defense Electronics Deals Announced

Target
Buyer
Description

a portfolio company of

  • Target: Niceville, FL-based Veth Research Associates is a developer and manufacturer of a proprietary sensor fusion engine which powers real-time autonomous decision-making using deep neural networks and machine learning for private sector and U.S. federal government aerospace and defense markets. The company’s LYNX vision-based navigation (VBN) system allows for navigation independent of external GPS signals.

  • Buyer: Solana Beach, CA-based AEVEX Aerospace is a provider of full-spectrum airborne intelligence solutions, providing turn-key Contractor-Owned, Contractor Operated (COCO), Government Owned, Contractor Operated (GOCO), and Contractor Owned, Government Operated (COGO) services to the DoD, other government agencies, and select commercial businesses.

  • Terms: Transaction announced on October 1, 2024. Terms not disclosed.

 

Display Generator & Flight Control Computer Product Line License

  • Target: Charlotte, NC-based Honeywell’s Display Generator & Flight Control Computer license grants the exclusive ability to manufacture, upgrade, and repair the product line. The license also grants exclusive intellectual property rights and includes the transfer of existing inventory necessary for continued manufacturing and support of the products.

  • Buyer: Exton, PA-based IS&S is a diversified international avionics supplier to civil, military, business and commercial OEMs and operators. The company specializes in OEM and retrofit systems. The company supplies flight management solutions to the commercial air transport market, the military aviation market for C-130, L-100 and the business aviation market for the Eclipse E500 and E550 aircraft.

  • Terms: Transaction announced on October 4, 2024. Terms not disclosed.

 

 

a joint venture between

and

  • Target: France-based NIT is a developer and manufacturer of shortwave infrared (SWIR) imaging modules and sensors for private sector and international government markets. The company is equipped with in-house unique manufacturing technologies such as small pitch high yield hybridization capacity.

  • Buyer: France-based Lynred is a developer and manufacturer of key classes of advanced infrared (IR) detectors for military, space and industrial applications. The company’s IR product portfolio covers the entire spectrum, from the visible and near infrared to very far infrared.

  • Terms: Transaction announced on October 7, 2024. Terms not disclosed.

  • Target: Liverpool, NY-based C Speed develops and manufactures radar systems, subsystems, and subsystem solutions for private sector and U.S. federal government defense, homeland security, industrial, and medical markets. The company's flagship radar platform, the LSR-1000 family of radar, is a flexible 360° air surveillance platform, available in fixed or mobile platforms, which can operate in either low or high PRF modes.

  • Buyer: Radnor, PA-based NewSpring Capital is a private equity firm focused on partnering with growth-stage companies across the business services, technology, healthcare, and specialty manufacturing markets to support their scaling and expansion goals.

  • Terms: Transaction announced on October 8, 2024. Terms not disclosed.

 
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