Defense Electronics M&A Transactions - July 2025

Download and read the July 2025 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: Prince Frederick, MD-based CTI is a provider of software development, systems engineering, advanced visualization, and operational support services for military and security applications. Buyer: Chantilly, VA-based Parsons is a provider of engineering, construction, technical, and management services for defense, intelligence, cybersecurity, and critical infrastructure programs. The company supports clients with systems integration, program management, cybersecurity solutions, and infrastructure modernization. Terms: Transaction announced on July 1, 2025. Purchase price was $89M, 1.0x and 10.0x FY2026P revenue and EBITDA, respectively.
		Target: Highland Heights, OH-based COTSWORKS is a manufacturer of rugged fiber-optic transceiver components and subsystems for private sector and U.S. federal government aerospace and defense markets. Their products deliver high-bandwidth speeds with compact signal density, enabling digitalization solutions across space, air, land and sea domains. Buyer: East Aurora, NY-based Moog is a designer and manufacturer of precision motion control and flight control systems. The company delivers actuation systems, servo valves, and electronic power control solutions for aircraft, spacecraft, and defense platforms. Terms: Transaction announced on July 7, 2025. Purchase price was $63M.
		Target: Italy-based MB Elettronica is an electronics manufacturing services company specializing in designing, developing, and producing printed circuit boards, cable harnesses, and electronic systems for various sectors. The company provides rapid prototyping, system integration, in-house testing, and after-sales support. Buyer: Finland-based Scanfil is a manufacturer specializing in electronics and mechatronic solutions for aerospace, defense, and industrial automation markets. The company provides services including PCB assembly, box-build systems, test engineering, and aftermarket support. Terms: Transaction announced on July 13, 2025. Purchase price is expected to consist of cash of $85.1M and a potential earnout of up to $58.3M, resulting in a TEV of $143.4M, 1.2x and 12.7x FY2024 pro-forma revenue and EBITDA, respectively.
		Target: Georgetown, TX-based Resilient Power Systems is a developer and manufacturer of solid-state transformer-based energy solutions for private sector and U.S. federal government defense and electric vehicle markets. The company's solid-state, plug-and-play technology mitigates the complexity of harnessing power from the grid by connecting directly to the existing distribution grid. Buyer: Ireland-based Eaton is a diversified industrial manufacturer specializing in power management solutions for aerospace, hydraulic, pneumatic, and fuel systems. The company provides integrated components and systems that improve efficiency, safety, and performance across aviation platforms. Terms: Transaction announced on July 16, 2025. Terms not disclosed.