--- title: A&D Weekly News & Transactions - Week 12 description: The JCP A&D Weekly Report from Monday, March 23rd, 2026 covers significant developments in the aerospace and defense industry. image: https://blog.janescapital.com/hubfs/Weekly%20AD%20-%202026/A%26D%20Weekly%20Recap%20-%20Week%2012%20(2026.03.23).jpg --- [![Janes Capital Partners](https://blog.janescapital.com/hs-fs/hubfs/JCP-Logo-Color.png?width=700&height=86&name=JCP-Logo-Color.png "Janes Capital Partners")](https://www.janescapital.com/) [![Janes Capital Partners](https://blog.janescapital.com/hs-fs/hubfs/JCP-Logo-Color.png?width=720&height=89&name=JCP-Logo-Color.png "Janes Capital Partners")](https://www.janescapital.com/) - [Who We Are](https://www.janescapital.com/who-we-are) - [Advisory Services](https://www.janescapital.com/aerospace-defense-advisory-services) - Transactions - [Our Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Case Studies](https://blog.janescapital.com/case-studies) - Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - News & Events - [News & Past Events](https://blog.janescapital.com/news-events) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) - [Who We Are](https://www.janescapital.com/who-we-are) - [Advisory Services](https://www.janescapital.com/aerospace-defense-advisory-services) - Transactions - [Our Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Case Studies](https://blog.janescapital.com/case-studies) - Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - News & Events - [News & Past Events](https://blog.janescapital.com/news-events) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) A&D Weekly Reports #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/weekly-ad-news-transactions/03/23/2026&text=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+12) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/weekly-ad-news-transactions/03/23/2026&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+12) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.janescapital.com/weekly-ad-news-transactions/03/23/2026&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+12) # A&D Weekly News & Transactions - Week 12 by **[Stephen Perry](https://blog.janescapital.com/weekly-ad-news-transactions/author/stephen-perry)** ![](https://blog.janescapital.com/hubfs/Weekly%20AD%20-%202026/A%26D%20Weekly%20Recap%20-%20Week%2012%20(2026.03.23).jpg)   ### Industry Headline News ![US State Department](https://blog.janescapital.com/hs-fs/hubfs/Weekly%20AD%20-%20New/Logos/US%20State%20Department.png?width=500&height=500&name=US%20State%20Department.png) **Trump Invokes Emergency Powers with $23 Billion in Gulf Arms Sales as Iran War Wages on: WSJ Report** *Mar. 20, 2026 -* U.S. weapons sales to Middle Eastern nations are increasing sharply amid ongoing tensions involving Iran and Israel. The deals include advanced missiles, air defense systems, and precision-guided munitions aimed at strengthening regional security partnerships. The surge reflects both heightened demand for military capabilities and continued U.S. efforts to support allies while maintaining strategic influence in the region. [(CNBC)](https://www.cnbc.com/2026/03/20/us-arms-weapon-sales-middle-east-iran-israel-war.html) Trump Invokes Emergency Powers with $23 Billion in Gulf Arms Sales as Iran War Wages on: WSJ Report Mar. 20, 2026 - U.S. weapons sales to Middle Eastern nations are increasing sharply amid ongoing tensions involving Iran and Israel. The deals include advanced missiles, air defense systems, and precision-guided munitions aimed at strengthening regional security partnerships. The surge reflects both heightened demand for military capabilities and continued U.S. efforts to support allies while maintaining strategic influence in the region. (CNBC) ![Anduril-Industries](https://blog.janescapital.com/hs-fs/hubfs/Weekly%20AD%20-%20New/Logos/Anduril-Industries.png?width=4630&height=4630&name=Anduril-Industries.png) **Anduril: New Factory Will Start Making Drone Wingman in Just ‘Days’** *Mar. 18, 2026 -* Anduril Industries announced that its new manufacturing facility in Ohio will begin producing autonomous drone “wingman” systems within days of opening. The drones are designed to operate alongside crewed aircraft, providing support in surveillance, targeting, and combat missions. The rapid production timeline highlights Anduril’s focus on scalable, software-driven defense systems and its push to accelerate deployment of autonomous capabilities. [(Defense One)](https://www.defenseone.com/threats/2026/03/anduril-new-factory-will-start-making-drone-wingman-just-days/412227/) Anduril: New Factory Will Start Making Drone Wingman in Just ‘Days’ Mar. 18, 2026 - Anduril Industries announced that its new manufacturing facility in Ohio will begin producing autonomous drone “wingman” systems within days of opening. The drones are designed to operate alongside crewed aircraft, providing support in surveillance, targeting, and combat missions. The rapid production timeline highlights Anduril’s focus on scalable, software-driven defense systems and its push to accelerate deployment of autonomous capabilities. (Defense One) ![U.S.\_Air\_Force\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly%20AD%20-%20New/Logos/U.S._Air_Force_Logo.png?width=500&height=500&name=U.S._Air_Force_Logo.png) **F-47 Won’t Be Available Until Mid-2030s, Top Lawmaker Says***Mar. 17, 2026 -* The U.S. Air Force is aiming to field its next-generation F-47 fighter aircraft by the mid-2030s, according to a senior lawmaker. The platform is expected to incorporate advanced stealth, autonomous systems, and enhanced networking capabilities as part of the service’s future air dominance strategy. The timeline reflects ongoing efforts to modernize the fleet and maintain an edge over near-peer competitors in contested air environments. [(Air & Space Forces Magazine)](https://www.airandspaceforces.com/f-47-air-force-mid-2030s-top-lawmaker/) F-47 Won’t Be Available Until Mid-2030s, Top Lawmaker Says Mar. 17, 2026 - The U.S. Air Force is aiming to field its next-generation F-47 fighter aircraft by the mid-2030s, according to a senior lawmaker. The platform is expected to incorporate advanced stealth, autonomous systems, and enhanced networking capabilities as part of the service’s future air dominance strategy. The timeline reflects ongoing efforts to modernize the fleet and maintain an edge over near-peer competitors in contested air environments. (Air & Space Forces Magazine) ![NorthropGruman\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly%20AD%20-%20New/Logos/NorthropGruman_Logo.png?width=1280&height=1280&name=NorthropGruman_Logo.png) **US Expands Golden Dome Cost Estimate to $185 Billion, Enlists Top Defense Firms** *Mar. 17, 2026 -* The United States has increased the projected cost of its “Golden Dome” missile defense initiative to $185 billion, while bringing in leading defense contractors including Lockheed Martin and Northrop Grumman. The program aims to enhance homeland missile defense through advanced sensors, interceptors, and integrated command systems. The updated estimate underscores the scale and complexity of next-generation missile defense as threats from hypersonic and ballistic weapons continue to evolve. [(Reuters)](https://www.reuters.com/business/aerospace-defense/us-expands-golden-dome-cost-estimate-185-billion-enlists-top-defense-firms-2026-03-17/) US Expands Golden Dome Cost Estimate to $185 Billion, Enlists Top Defense Firms Mar. 17, 2026 - The United States has increased the projected cost of its “Golden Dome” missile defense initiative to $185 billion, while bringing in leading defense contractors including Lockheed Martin and Northrop Grumman. The program aims to enhance homeland missile defense through advanced sensors, interceptors, and integrated command systems. The updated estimate underscores the scale and complexity of next-generation missile defense as threats from hypersonic and ballistic weapons continue to evolve. (Reuters) ![Airbus-Square](https://blog.janescapital.com/hs-fs/hubfs/Weekly%20AD%20-%20New/Logos/Airbus-Square.png?width=1280&height=1280&name=Airbus-Square.png) **Atlas Air Worldwide Becomes Airbus’ Largest A350F Freighter Customer With an Order for 20 Aircraft** *Mar. 16, 2026 -* Atlas Air Worldwide has placed an order for 20 A350F freighter aircraft, making it the largest customer for the cargo variant of the Airbus A350F. The deal strengthens Airbus’ position in the growing air cargo market as operators seek more fuel-efficient, long-range freighters. The A350F is designed to meet evolving environmental standards while offering increased payload and range capabilities, positioning it as a next-generation replacement for older cargo aircraft. [(Airbus)](https://www.airbus.com/en/newsroom/press-releases/2026-03-atlas-air-worldwide-becomes-airbus-largest-a350f-freighter-customer-with-an-order-for-20-aircraft) Atlas Air Worldwide Becomes Airbus’ Largest A350F Freighter Customer With an Order for 20 Aircraft Mar. 16, 2026 - Atlas Air Worldwide has placed an order for 20 A350F freighter aircraft, making it the largest customer for the cargo variant of the Airbus A350F. The deal strengthens Airbus’ position in the growing air cargo market as operators seek more fuel-efficient, long-range freighters. The A350F is designed to meet evolving environmental standards while offering increased payload and range capabilities, positioning it as a next-generation replacement for older cargo aircraft. (Airbus) ### Weekly Transaction Review   | **No.** | **Parties Involved** | **Transaction Metrics** | **Location** | **Segment** | | | | --- | --- | --- | --- | --- | --- | --- | | | **Target \[Parent\]** Acquirer \[Parent\] | Price ($M) | Price/ Revenue | Price/ EBITDA | Target | Target | | 1 | **ESAero** AeroVironment | $200.0 | - | - | San Luis Obispo, CA | Unmanned Vehicles | | 2 | **Twenty8 Technology** RedHawk Federal Solutions | - | - | - | Falls Church, VA | Government Services, IT Services and Software | | 3 | **Clean Science** Astro Pak \[The Stephens Group\] | - | - | - | Fremont, CA | Specialty Defense Systems and Services | | 4 | **Chester Hall** Belrise Industries | $17.6 | 0.7x | 6.0x | London, United Kingdom | Machined & Cast Parts | | 5 | **E-Max** Electro Switch | - | - | - | Englewood, CO | Defense Electronics | | 6 | **Aero Fasteners** Poggipolini \[Kartesia Management\] | - | - | - | Haryana, India | Machined & Cast Parts |   | **No.** | **Target Descriptions** | | --- | --- | | 1 | ESAero is a developer of electric and hybrid propulsion-powered unmanned aircraft systems (UAS) and advanced air mobility (AAM) platforms for private sector and U.S. federal government aerospace, defense, and space exploration markets. The company specializes in conceptual air vehicle designs, electric and hybrid propulsion system development and qualification, aircraft modifications, sub-scale technology demonstrators, and rapid system prototyping. | | 2 | Twenty8 is a provider of mission-focused systems engineering, digital transformation, and cyber-enabled IT services for private sector and U.S. federal government aerospace and defense markets. The company specializes in SETA support, cloud migration, DevSecOps, and agile program execution. | | 3 | Clean Sciences provides specialized precision cleaning for semiconductor equipment manufacturers, aerospace & defense, medical, biomedical, optics, and electronic industries. The company provides precision cleaning services including ultrasonic cleaning, high-purity solvent and detergent processes, chemical etching, and hot RO/DI water rinsing, with packaging performed in ISO Class 5 and 6 cleanroom environments. | | 4 | Chester Hall manufactures precision machined components and assemblies for aerospace and defense applications requiring tight tolerances and complex geometries. The company supports production programs through advanced CNC machining, inspection, and quality systems aligned with stringent aerospace requirements. | | 5 | E-Max is a provider of control and monitoring solutions for electrical substation equipment in private sector and U.S. federal government markets. The company specializes in trip indication relays, digital fault recorders, and battery monitors. | | 6 | Aero Fasteners manufactures aerospace-grade fasteners and precision hardware used in structural and engine applications for commercial and defense aviation platforms. The company supports OEM and Tier supplier programs with controlled manufacturing processes, specialty materials, and quality systems aligned with aerospace certification requirements. |   ### Selected Janes Capital Partners A&D Experience ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Schatz%20Bearing%20Arxis%20(2).jpg) [Arxis Acquires Schatz Bearing Corporation](https://blog.janescapital.com/news-events/arxis-acquires-schatz-bearing-corporation) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/TDG%20Undisclosed%202.jpg) [TransDigm Group Acquires an Undisclosed Provider of Proprietary Aerospace Instrumentation and Sensing Solutions](https://blog.janescapital.com/news-events/transdigm-group-undisclosed-provider-proprietary-aerospace-instrumentation) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Cook%20Defence%20HEICO-1.png) [Cook Defence Systems Acquired by HEICO](https://blog.janescapital.com/news-events/cook-defence-systems-has-been-acquired-by-heico) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Exo-Anduril-Tombstone.png) [ExoAnalytic Solutions Acquired by Anduril](https://blog.janescapital.com/news-events/exoanalytic-solutions-has-agreed-to-be-acquired-by-anduril) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/ScanfiberComposites.png) [Scanfiber Has Been Acquired by Fjord Defence](https://blog.janescapital.com/news-events/scanfiber-has-been-acquired-by-fjord-defence) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/TDG%20Undisclosed%20Tombstone.png) [TransDigm Group Acquires an Undisclosed Provider of Defense Products](https://blog.janescapital.com/news-events/transdigm-group-undisclosed-provider-defense-electronics) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/OSL%20Terma.png) [OSL Technology Has Been Acquired by Terma A/S](https://blog.janescapital.com/news-events/osl-acquired-by-terma) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/ACC-Arcline.png) [American Casting Company Receives Strategic Investment from Arcline](https://blog.janescapital.com/news-events/janes-capital-partners-advises-american-casting-company-on-its-strategic-investment-by-arcline) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Digital_Barriers_ARC_Group.png) [Digital Barriers Has Been Acquired by TJC-Backed ACR Group](https://blog.janescapital.com/news-events/digital-barriers-has-been-acquired-by-tjc-based-acr-group) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/HTS-BTX%20Precision.jpg) [High Tech Solutions Has Been Acquired By BTX Precision](https://blog.janescapital.com/news-events/high-tech-solutions-acquired-by-btx-precision) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/Leichtwerk%20AG%20Rheinmetall.png) [Assets of Leichtwerk AG Acquired by Rheinmetall AG](https://blog.janescapital.com/news-events/assets-of-leichtwerk-ag-acquired-by-rheinmetall-ag) Read More ![](https://blog.janescapital.com/hubfs/JCP_Tombstones/ETL%20-%20IRT.png) [ETL Systems has acquired IRT Technologies](https://blog.janescapital.com/news-events/etl-systems-has-acquired-irt-technologies) Read More Load More Transactions Load More Transactions ### Janes Capital Partners Team Contact Information ![Picture2-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Picture2-1.jpeg?width=960&height=960&name=Picture2-1.jpeg) #### Stephen Perry *Managing Director* [Email Stephen](mailto:sperry@janescapital.com)[(949) 769-3323 x6901](tel:9497693323) ![Ken-white-1-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Ken-white-1-1.png?width=960&height=960&name=Ken-white-1-1.png) #### Ken Fukumoto *Director* [Email Ken](mailto:kfukumoto@janescapital.com) [(949) 769-3323 x6904](tel:9497693323) ![Chris-white-1-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Chris-white-1-1.png?width=1200&height=1200&name=Chris-white-1-1.png) #### Chris Reinecke *Vice President* [Email Chris](mailto:cwreinecke@janescapital.com) [(949) 769-3323 x6905](tel:9497693323) ![Bruce-white-1-1](https://blog.janescapital.com/hs-fs/hubfs/Website%20Imagery/Team%20Members/Bruce-white-1-1.png?width=1200&height=1200&name=Bruce-white-1-1.png) #### Bruce Renner *Analyst* [Email Bruce](mailto:brenner@janescapital.com) [(949) 769-3323 x6906](tel:9497693323) Topic: [Insights](https://blog.janescapital.com/weekly-ad-news-transactions/tag/insights) ### Subscribe to A&D Weekly #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/weekly-ad-news-transactions/03/23/2026&text=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+12) [Share on 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"https://blog.janescapital.com/weekly-ad-news-transactions/author/stephen-perry" }, "dateModified" : "2026-03-23T23:32:03.065Z", "datePublished" : "2026-03-23T23:32:03.000Z", "headline" : "A&D Weekly News & Transactions - Week 12", "image" : [ "https://blog.janescapital.com/hubfs/Weekly%20AD%20-%202026/A&D%20Weekly%20Recap%20-%20Week%2012%20(2026.03.23).jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.janescapital.com/weekly-ad-news-transactions/03/23/2026", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.janescapital.com/hubfs/JCP-Logo-Color.png" }, "name" : "Janes Capital Partners, Inc" } } ```