A&D Weekly News & Transactions - Week 8

Industry Headline News

Embraer and Adani Aim to Seek Orders to Justify Indian E175 Final Assembly Line
Feb. 22, 2026 - Embraer and Adani are working towards securing enough orders to justify the establishment of a final assembly line for the E175 regional jet in India. The companies aim to target the growing regional aviation market in India and other South Asian regions, with production expected to begin in 2027. Embraer plans to produce up to 100 E175 aircraft annually in this new facility, depending on demand. (FlightGlobal)

Anduril Industries to Bring Influx of Jobs to Long Beach
Feb. 20, 2026 - CBS News Los Angeles reported that Anduril Industries will expand to Long Beach near the city’s airport, with the project expected to create thousands of jobs. The segment frames the move as a major local jobs influx tied to the next wave of aerospace and defense technology investment. The report highlights Long Beach’s effort to strengthen its position as a regional aerospace hub. (CBS Los Angeles)

Northrop and Brazil's Embraer Partner on KC-390 to Pitch to US and Others
Feb. 19, 2026 - Northrop Grumman and Embraer have formed a partnership to offer Brazil’s KC-390 tanker-transport aircraft to the U.S. and international markets. This collaboration aims to compete against other military aircraft options, leveraging the KC-390's capabilities and cost-effectiveness. The companies plan to highlight the aircraft’s versatility in airlift and refueling operations during upcoming military bids. (Breaking Defense)

Divergent Technologies Unveils 3D-Printed Venom Strike Drone Built in Just 71 Days
Feb. 18, 2026 - Divergent Technologies and Mach Industries flew a Venom unmanned aircraft prototype after moving from concept to first flight in 71 days, emphasizing a digitally driven design and additive-manufacturing approach. The article says the aircraft was built using Divergent’s digital manufacturing platform, with large structural sections produced as monolithic additively manufactured components to reduce part count and eliminate tooling delays. The effort is positioned as a model for rapidly producing low-cost, attritable unmanned systems at scale amid heightened U.S. defense demand for faster fielding cycles. (Aerospace Global News)

Northrop Not Seeking Direct DoD Investment for Solid Rocket Motors, But Suppliers Might – CEO
Feb. 18, 2026 - Northrop Grumman’s CEO announced the company is not seeking direct Department of Defense (DoD) investment for its solid rocket motor development, despite growing demand for the technology. However, Northrop sees potential for its suppliers to receive funding to support the production of key components. The company continues to focus on strengthening its supply chain and advancing the technology for upcoming missile and space programs. (Breaking Defense)

Weekly Transaction Review

No.	Parties Involved	Transaction Metrics			Location	Segment
	Target [Parent] Acquirer [Parent]	Price ($M)	Price/ Revenue	Price/ EBITDA	Target	Target
1	BTR Jet Center Velocity FBO [Tallvine Partners]	-	-	-	Baton Rouge, LA	MRO & Logistics
2	Air Industries Group Tenax Aerospace [NTC Group]	$45.1	0.9x	10.4x	Bay Shore, NY	Machined & Cast Parts
3	Abile Group Valiant Solutions [Bluestone Investment]	-	-	-	Elkton, VA	Cybersecurity, Intelligence Services and Homeland Defense
4	Defy Security [Sverica Capital] Booz Allen	-	-	-	Canonsberg, PA	Cybersecurity, Intelligence Services and Homeland Defense
5	Payne Magnetics AMCA	-	-	-	Covina, CA	Defense Electronics
6	Handling Systems and Conveyors HKW	-	-	-	Hot Springs, AR	Specialty Defense Systems and Services
7	Millennium Markon [Sterling Investment]	-	-	-	Arlington, VA	Cybersecurity, Intelligence Services and Homeland Defense

No.	Target Descriptions
1	BTR Jet Center offers fueling with Jet A and 100LL, pilot and passenger lounges, complimentary amenities, crew cars and ground support, flight planning facilities and concierge services.
2	Air Industries is a manufacturer of flight safety structural parts and assemblies for private sector and U.S. federal government aerospace and defense markets. The company specializes in landing gear, arresting gear, engine mounts, flight controls, throttle quadrants and other components.
3	Abile Group is a provider of secure network and cyber engineering services and technology solutions for private sector and U.S. federal government markets. The company specializes in performance and program management and IT systems engineering.
4	Defy Security is a provider of AI-enabled cybersecurity solutions for private sector and U.S. federal government markets. The company's core services include AI security services, data protection & management, digital transformation engineering, identity services, managed security, operational technology (OT), penetration testing, security program services, staff augmentation, and technology deployment, integration, and optimization.
5	Payne Magnetics is a designer and manufacturer of power magnetics components and transformers for private sector and U.S. federal government aerospace and defense markets. The company's products assist pilots in determining altitude and current location, track where they are going, and when they will arrive.
6	Handling Systems and Conveyors is a provider of crane, hoist, conveyor and tooling solutions serving aerospace & defense, industrial manufacturing and transportation customers. The company delivers engineered systems, installation, maintenance, inspection and aftermarket services that support mission-critical material handling applications.
7	Millennium is a provider of cybersecurity solutions to private sector and U.S. federal government aerospace and defense markets. The company specializes in cyber operations and training, defensive cyber services, software engineering, and technical/systems engineering.