Target
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Buyer
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Description
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a portfolio company of
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Target: Dayton, OH-based Precision Manufacturing Company manufactures electrical assemblies, cable harnesses, and related interconnect products for aerospace and defense applications. The company supports high-reliability programs through wire harness fabrication, electromechanical assembly, testing, and quality-controlled production aligned with customer specifications.
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Buyer: Dayton, OH-based Corterra Group operates a portfolio of electrical manufacturing businesses serving aerospace, defense, industrial, and transportation markets. The company supports customers through wire harnesses, cable assemblies, electromechanical systems, and other high-reliability interconnect solutions.
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Terms: Transaction announced on May 6, 2026. Terms not disclosed.
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Target: United Kingdom-based Goonhilly is a provider of deep space communications solutions for private sector, international, and U.S. federal government markets. The company's platform enables Earth-to-space connectivity for spacecraft operating beyond geostationary orbit and delivers sovereign radio frequency Space Domain Awareness (SDA) data, assured satcom services, and bespoke antenna development.
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Buyer: Houston, TX-based Intuitive Machines develops lunar landers, space communications systems, and space infrastructure supporting civil, commercial, and national security space missions. The company provides lunar transportation, data services, and spacecraft technologies designed for operations beyond Earth orbit.
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Terms: Transaction announced on May 14, 2026. Purchase price is expected to be $49.3M.
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Target: McLean, VA-based Skip Dynamix is a developer of ultra-low-cost, mass-producible fixed-wing unmanned aerial systems designed for long-range ISR, electronic warfare support, logistics, and one-way missions for private sector and U.S. federal government markets. The company's Orca platform is a long-range, hyper-customizable, multi-purpose, hand-launchable, fixed-wing sUAS capable of flight speeds of 40 miles per hour.
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Buyer: Canada-based Draganfly designs and manufactures unmanned aerial systems, sensors, and mission support technologies for defense, public safety, and industrial applications. The company supports ISR, mapping, and situational awareness missions through integrated drone platforms and payload solutions.
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Terms: Transaction announced on May 18, 2026. Purchase price is expected to be $7.5M, comprised of equal parts common stock and cash with $2.5M in contingent earnout payments.
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Target: Victorville, CA-based Exquadrum develops advanced propulsion and energetic systems for aerospace and defense applications, specializing in hypersonics, solid rocket motors, and high-temperature materials technologies. The company supports next-generation missile and space programs through propulsion design, testing, and advanced manufacturing capabilities.
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Buyer: Huntington Beach, CA-based Mach Industries develops next-generation defense systems focused on autonomous weapons, advanced propulsion, and distributed military technologies. The company supports modern military operations through rapidly deployable systems designed for contested environments.
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Terms: Transaction announced on May 19, 2026. Purchase price was $50M.
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