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A&D Weekly News & Transactions - Week 19

Industry Headline News

UK to Announce $10 Billion Boeing Purchase, U.S. Commerce Secretary Says
May 8, 2025 - The United Kingdom is set to announce a $10 billion purchase of Boeing aircraft, as revealed by U.S. Commerce Secretary Howard Lutnick during the unveiling of a new bilateral trade deal between the UK and the United States. Although detailed specifics remain unclear, the deal appears to be a private-sector transaction, and the participating airline has not yet been disclosed. The White House described the agreement as involving "aircraft parts," and it remains uncertain whether firm orders or options are included. (Reuters)

May 8, 2025 - China Airlines has finalized an order for 10 Boeing 777-9s and four 777-8F freighters, strengthening its long-haul fleet and cargo capabilities. The deal, valued at billions of dollars, marks a significant step in the airline’s fleet expansion and modernization strategy. The 777-9s are set to replace older aircraft, while the freighters will enhance China Airlines' logistics network. (AeroTime)

May 7, 2025 - Qatar is preparing to place an order for approximately 100 widebody aircraft from Boeing, valued at over $30 billion, as part of a broader strategy to strengthen economic ties with the United States. This move aligns with President Donald Trump's request for Gulf nations to make substantial investment commitments, following similar pledges from Saudi Arabia and the UAE. The deal is expected to include both passenger and freighter models, enhancing Qatar Airways' fleet and reinforcing Boeing's position in the global aerospace market. (The Times)

May 7, 2025 - TransDigm Group has appointed Mike Lisman as its new President and CEO, succeeding Kevin Stein, who will retire after leading the company for over a decade. Lisman, who previously held leadership roles within the company, will take the helm to drive future growth and innovation in the aerospace and defense sector. The leadership change comes as TransDigm continues to expand its portfolio and strengthen its position in the global market. (GovConWire)

EU Mulls Tariffs on Boeing Jets Over U.S. Subsidies, FT Reports
May 7, 2025 - The European Union is considering imposing tariffs on Boeing jets in response to alleged U.S. subsidies that it claims unfairly benefit the American aerospace giant. The move is part of an ongoing dispute with the U.S. over government support for the aircraft manufacturer, which has affected EU-based rival Airbus. The potential tariffs could impact Boeing’s deliveries to European customers and escalate tensions between the two global aviation powers. (Reuters)

Qatar Airways Poised to Order 100 Widebody Jets from Boeing, Sources Say
May 6, 2025 - Qatar Airways plans to place an order for around 100 widebody jets from Boeing, as reported by Bloomberg. The deal will significantly boost Boeing’s backlog of aircraft and represents a major win for the U.S. aerospace giant in the competitive Middle East market. The new aircraft will support the airline’s long-haul ambitions and could include models such as the 787 Dreamliner and 777X. (Reuters)

Thousands of Machinists Strike at Jet Engine Maker Pratt & Whitney
May 5, 2025 - Thousands of machinists have gone on strike at Pratt & Whitney, a major U.S. jet engine manufacturer, disrupting production and supply chains for military and commercial engines. The strike follows failed contract negotiations between union workers and the company over pay, benefits, and job security. The action could impact the delivery of engines for the F-35 fighter jets and other critical defense programs. (Defense News)
Weekly Transaction Review
No. | Parties Involved | Transaction Metrics | Location | Segment | ||
Target [Parent] Acquirer [Parent] |
Price ($M) |
Price/ Revenue |
Price/ EBITDA |
Target | Target | |
1 | Klas Anduril |
- | - | - | Dublin, Ireland |
Defense Electronics |
2 | HPM Industries UM Inc. |
- | - | - | Bordes, France |
Machined & Cast Parts |
3 | FARO Technologies AMETEK |
$920.0 | 2.7x | 22.4x | Lake Mary, FL | Test & Measurement |
4 | JetOne Aerospace Sierra Pacific Supply [COI Holdings] |
- | - | - | Los Angeles, CA | Distribution |
5 | Lightsync Technologies IonQ |
- | - | - | Brighton, MA | Connectors |
6 | Capella Space IonQ |
- | - | - | San Francisco, CA | Satellite, Satellite Services & Space Systems |
7 | stackArmor Tyto Athene [Arlington Capital] |
- | - | - | Reston, VA | Cybersecurity, Intelligence Services and Homeland Defense |
No. | Target Descriptions |
1 | Klas is a developer of rugged tactical communications equipment for private sector, international government, and U.S. federal government autonomous vehicle, defense, and transportation markets. The company's products are designed for remote and austere environments where low size, weight, power and ruggedization are required. |
2 | HPM Industries is a holding company of Hourat Precision Mecanique and Outil Meca, specializing in precision machining for the aerospace, rail, and energy markets. Capabilities include CNC milling and turning and wire and die-sinking EDM. |
3 | FARO Technologies is a provider of professional 3D Measurement products and solutions for private sector, international, and U.S. federal government aerospace, defense, and intelligence markets. The company's products and services include portable measurement arms, laser scanners and trackers, software solutions, and comprehensive service offerings. |
4 | JetOne Aerospace is a supplier of aircraft spare parts and logistics services, specializing in rotables, expendables, and consumables for commercial and military fleets. The company offers inventory management, repair coordination, and global shipping solutions to support aircraft maintenance operations |
5 | Lightsynq Technologies is a developer of universal optical quantum interconnect solutions which enable scalable quantum computing. The company's proprietary technology leverages integrated diamond photonic circuits to create interconnects between quantum processors, facilitating the creation of large-scale, fault-tolerant quantum networks. |
6 | Capella Space is a developer and operator of synthetic aperture radar satellites specializing in high-resolution, all-weather Earth observation data for defense, intelligence, and commercial applications. The company offers on-demand, automated tasking and rapid delivery of imagery through its proprietary satellite constellation and API-driven platform. |
7 | stackArmor is a provider of FedRAMP, FISMA/RMF, and CMMC/DFARS compliance acceleration, cloud, and security automation solutions for private sector and U.S. federal government markets. The company's The Armory product line is a General Support System (GSS) cloud service offering designed to empower ISVs and Enterprises to conquer complex regulatory requirements on Google Cloud (GCP). |
Selected Janes Capital Partners A&D Experience
