Target
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Buyer
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Description
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Target: Norway-based Comrod is a designer and manufacturer of tactical antennas for private sector, U.S. federal government, and international government aerospace and defense markets. The company specializes in marine antennas, antenna systems, tactical support masts, power supplies & battery chargers and composite utility pole systems.
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Buyer: United Kingdom-based Bridgepoint is a private equity firm focused on investing in established mid-market businesses across services, industrials, and consumer end markets primarily in Europe and North America. The company partners with management teams to support operational improvement, organic growth, and international expansion through long-term, hands-on ownership.
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Terms: Transaction announced on December 2, 2025. Terms not disclosed.
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Target: Orlando, FL-based Luminar Semiconductor develops chip-scale photonic solutions which enhance LiDAR performance for private sector and U.S. federal government aerospace and defense markets. The company is a collection of four companies in the photonics space which include Optogration, Freedom Photonics, and Black Forest Engineering, combined as a single entity under Luminar.
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Buyer: Hoboken, NJ-based Quantum Computing develops software, algorithms, and integrated solutions designed to enable practical applications of quantum and quantum-inspired computing technologies. The company focuses on making advanced computational capabilities accessible to commercial and government users through scalable platforms and hybrid architectures.
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Terms: Transaction announced on December 15, 2025. Terms not disclosed.
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Target: San Luis Obispo, CA-based Zone 5 is a developer and manufacturer of long range strike and anti-drone missiles for private sector and U.S. federal government aerospace, defense, and missile defense markets. The company offers a range of digitally engineered, low-cost missiles which enable affordable mass and precision strike engagements from mobility, bomber, and tactical aircraft.
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Buyer: Norway-based Kongsberg is a global aerospace and defense technology company specializing in integrated systems, sensors, and mission support solutions. The company delivers radar, command and control, avionics, and surveillance capabilities for maritime, air, and space domains.
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Terms: Transaction announced on December 16, 2025. Terms not disclosed.
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UAS portfolio a subsidiary of

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Target: Spain-based Wake Engineering’s UAS portfolio focuses on the design, integration, and sustainment of unmanned aircraft systems supporting ISR, electronic warfare, and mission-specific payload applications for defense customers. The portfolio provides air vehicle modification, payload integration, ground control systems, and lifecycle support to enable rapid deployment and adaptable unmanned capabilities in contested environments.
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Buyer: Spain-based Indra Sistemas provides advanced technology solutions across defense, aerospace, transportation, and digital services for government and commercial customers. The company delivers mission-critical systems including command and control, radar, simulation, and information technologies supporting complex, high-reliability environments.
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Terms: Transaction announced on December 17, 2025. Terms not disclosed.
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