Target
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Buyer
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Description
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a subsidiary of

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Target: Germany-based AirRobot is a supplier of compact, robust UAV solutions for military and government applications. The company's flagship drone platform, the AR100-H, is a lightweight, quick-deploy drone with advanced thermal technology and encrypted communications, engineered for reliable performance in harsh conditions.
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Buyer: Germany-based Quantum-Systems develops unmanned aerial systems (UAS) with vertical take-off and landing (VTOL) capabilities for defense, security, and commercial applications. The company provides advanced autonomous drones designed for intelligence, surveillance, reconnaissance, and mapping missions.
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Terms: Transaction announced on March 10, 2025. Terms not disclosed.
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Defense Solutions Division
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a portfolio company of

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Target: York, PA-based Defense Solutions Division of Crescend Technologies specializes in designing, developing, and manufacturing SWaP-C solid state, high-power RF amplifiers and amplifier-based subsystems. The division's products cover frequency bands from HF to SHF and support various Department of Defense tactical missions, including electronic warfare, communications, and tactical data link.
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Buyer: Colorado Springs, CO-based Frontgrade Technologies provides mission-critical electronic solutions for aerospace and defense applications, specializing in radiation-hardened components, RF systems, and power management. The company serves military, space, and intelligence markets with high-reliability microelectronics, secure communications, and advanced sensing technologies.
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Terms: Transaction announced on March 18, 2025. Terms not disclosed.
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a portfolio company of

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Target: Poway, CA-based Blue Marble Communications is a provider of space-qualified communications and computing technologies for private sector and U.S. federal government aerospace markets. The company designs and manufactures high-performance RF, free-space optical, and network communications modules and systems for deployment onboard satellites and other space vehicles.
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Buyer: Belcamp, MD-based T2S Solutions provides advanced technology solutions for defense, intelligence, and national security, specializing in rapid prototyping, systems development, and integration. The company delivers capabilities in RF communications, space-qualified technologies, and mission-critical systems to support aerospace and defense operations.
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Terms: Transaction announced on March 18, 2025. Terms not disclosed.
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Target: Netherlands-based Aerialtronics provides advanced drone technology, sensor integration, and AI-driven analytics for commercial and defense applications. The company provide unmanned aerial solutions for inspections, surveillance, and data collection across telecommunications, security, and infrastructure markets.
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Buyer: Netherlands-based Destinus develops hydrogen-powered hypersonic aircraft for passenger and cargo transport. The company specializes in propulsion systems, aerodynamic design, and sustainable fuel technologies to enable ultra-fast, long-distance travel.
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Terms: Transaction announced on March 19, 2025. Terms not disclosed.
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