Target
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Buyer
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Description
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Target: Austin, TX-based VirTex is an electronics manufacturing services (EMS) provider specializing in low- to medium-volume, high-complexity printed circuit board assembly (PCBA), electromechanical integration, and system-level manufacturing for aerospace, defense, medical, industrial, and semiconductor markets.
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Buyer: Chatsworth, CA-based provides electronics manufacturing and engineering solutions for aerospace, defense, medical, industrial, and energy markets. The company offers product lifecycle engineering, PCB assembly, microelectronics manufacturing, cable and harness interconnects, box-build integration, testing, and aftermarket repair services for mission-critical applications.
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Terms: Transaction announced on August 6, 2026. Terms not disclosed.
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a subsidiary of
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Target: Bingen, WA-based Insitu develops and manufactures small, long-endurance aircraft and integrated intelligence, surveillance, and reconnaissance (ISR) solutions for defense, government, and commercial customers. Insitu's primary platforms include the ScanEagle, Integrator, and Integrator ER unmanned aircraft.
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Buyer: San Jose, CA-based Archer designs and develops electric vertical takeoff and landing (eVTOL) aircraft and related technologies for commercial and defense applications. The company is focused on advancing electric air mobility through aircraft designed for urban air taxi and other next-generation aviation operations.
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Terms: Transaction announced on August 10, 2026. Terms not disclosed.
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a portfolio company of
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Target: Beavercreek, OH-based Resonant Sciences is a provider of payload and survivability solutions to private sector and U.S. federal government aerospace and defense markets. Resonant's core services include FSS radome and antenna design and fabrication, and RF/EO/IR modeling and measurements of materials, antennas, radomes, and subsystems.
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Buyer: Santa Cruz, CA-based Joby Aviation develops and manufactures electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger and government applications. The company is advancing electric air mobility through the design, testing, certification, and operation of aircraft intended to provide aerial transportation services.
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Terms: Transaction announced on August 11, 2026. Purchase price is expected to be $500M, consisting of $450M cash and $50M in stock. Total consideration is 5.0x TTM July-26 revenue.
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a portfolio company of
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Target: United Kingdom-based GRC is a developer of satellite, cellular, cloud, and IP networking technologies to provide resilient communications for defense and government customers, emergency responders, commercial organizations, and the oil, gas, and mining industries. Its product portfolio includes the Scytale family of portable communications systems, which can combine satellite, Wi-Fi, and cellular bearers to provide rapid-deployment voice and data connectivity.
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Buyer: United Kingdom-based Marlink provides satellite and network communications solutions for maritime and other remote operations worldwide. The company delivers voice, data, internet, and mobile connectivity services that support mission-critical communications across commercial shipping, offshore, transportation, and specialized markets.
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Terms: Transaction announced on August 11, 2026. Terms not disclosed.
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