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A&D Weekly News & Transactions - Week 20

Industry Headline News

Space Force Launches Joint Antenna Marketplace to Address Satellite Control Network Strain
May 16, 2025 - The U.S. Space Force has introduced the Joint Antenna Marketplace (JAM), a cloud-based platform designed to alleviate pressure on its overburdened Satellite Control Network (SCN). Contracts have been awarded to Auria and Sphinx Defense to develop this marketplace, which aims to connect satellite operations centers with both government and commercial antennas, enhancing satellite tracking and control capabilities. This initiative is part of a broader effort to modernize satellite communications infrastructure, including the Satellite Communications Augmentation Resource program, which is expected to increase capacity tenfold for geosynchronous orbit spacecraft. (Defense News)

May 16, 2025 - Lockheed Martin is intensifying its efforts to establish deeper partnerships and production capabilities in Europe, responding to the European Union's push to bolster local military manufacturing and reduce reliance on non-European suppliers. The company is expanding its supply chains and manufacturing presence on the continent, including plans for a missile manufacturing center in Germany and increased employment at its Polish subsidiary, PZL Mielec. Despite the EU's preference for domestic suppliers, Lockheed maintains strong contracts, such as F-35 jet sales to 13 European countries, and is pursuing further deals with nations like Poland. (The Wall Street Journal)

May 15, 2025 - President Donald Trump unveiled agreements worth over $200 billion with the United Arab Emirates, marking a significant expansion in bilateral economic ties. The deals cover areas such as defense, energy, and infrastructure, with major U.S. companies like Lockheed Martin and Honeywell involved. The White House emphasized the deals' potential to create thousands of jobs and strengthen U.S.-UAE relations. (Reuters)

May 15, 2025 - U.S. Senator Marco Rubio stated that NATO members are expected to agree on a defense spending target of 5% of GDP over the next decade, with the decision to be made by the upcoming NATO summit in June. This new commitment is a significant increase from the previous 2% target, which many countries have failed to meet. The move is largely influenced by President Donald Trump’s long-standing criticism of NATO allies for not contributing enough to defense efforts. (US News)

Qatar Signs $200 Billion Deal to Buy Jets from Boeing During Trump Visit
May 14, 2025 - Qatar signed a monumental $200 billion deal to purchase Boeing jets, including both military and commercial aircraft, during former President Donald Trump's visit to the country. The deal aims to bolster Qatar’s defense capabilities while also providing a significant boost to Boeing’s sales in the Middle East. This agreement, one of the largest of its kind, is expected to create thousands of jobs and strengthen U.S.-Qatar relations. (Reuters)

White House Claims Largest Defense Deal in History with Saudi Arabia at Nearly $142 Billion
May 13, 2025 - The White House has announced a record-breaking $142 billion defense deal with Saudi Arabia, the largest in U.S. history. The deal includes advanced weapons systems, aircraft, and defense technologies, with major contractors like Lockheed Martin, Boeing, and Raytheon involved. The agreement is seen as a strategic move to strengthen U.S.-Saudi relations and enhance security in the Middle East. (Breaking Defense)

RTX Secures $2.13B Contract Modification for SM-3 Maintenance Support
May 12, 2025 - Raytheon Technologies (RTX) has been awarded a $2.13 billion contract modification by the U.S. Missile Defense Agency to continue maintenance services for all Standard Missile-3 (SM-3) Block variants utilized by the U.S. and allied nations. This contract extends support for the SM-3 program, which includes both the Block IB and Block IIA interceptors, and is critical for sustaining missile defense capabilities. The work will be performed at RTX facilities in Tucson, Arizona, and Huntsville, Alabama, ensuring ongoing operational readiness of these advanced defense systems. (Defense News)
Weekly Transaction Review
No. | Parties Involved | Transaction Metrics | Location | Segment | ||
Target [Parent] Acquirer [Parent] |
Price ($M) |
Price/ Revenue |
Price/ EBITDA |
Target | Target | |
1 | Byte Systems VTG [A&M Capital] |
- | - | - | Winchester, VA | Government Services, IT Services and Software |
2 | Iota IT VTG [A&M Capital] |
- | - | - | Leesburg, VA | Government Services, IT Services and Software |
3 | Tunuva Technologies VTG [A&M Capital] |
- | - | - | Leesburg, VA | Government Services, IT Services and Software |
4 | The Common Pool Advanced Technology International [Analytic Services] |
- | - | - | Santa Monica, CA | Government Services, IT Services and Software |
5 | Global Photonics Gooch & Housego |
$17.5 | 1.6x | 9.7x | Trinity, FL | Components & Subsystems |
6 | E-MAG Hartzell Aviation [Arcline Investment] |
- | - | - | Azle, TX | Components & Subsystems |
No. | Target Descriptions |
1 | Byte Systems is a provider of IT solutions for private sector and U.S. federal government markets. The company's capabilities include systems architecture, IT consolidation, software engineering, cloud migration, and IT management services. |
2 | Iota IT is a software developer specializing in specializing in Agile development solutions. The company's services include cloud, IT project management, SecDevOps, and test and systems engineering. |
3 | Tunuva Technologies is a provider of provide custom IT and software solutions. The company's capabilities include cybersecurity, data analytics, and visualization technologies. |
4 | The Common Pool is a designer, developer, and manager of online contests and open-innovation initiatives for private sector and U.S. federal government defense, energy, healthcare, and space exploration markets. |
5 | Global Photonics is a manufacturer of advanced optical systems and coatings, specializing in precision optics for defense and aerospace applications. The company offers capabilities including cleanroom lithography, ion beam etching, and thin-film coatings for periscopes, fire-control systems, and airborne instrumentation. |
6 | E-MAG is a manufacturer of electronic ignition systems specializing in self-powering, variable-timing solutions for general aviation engines. The company’s P-model ignitions integrate an internal alternator and sealed electronics, offering enhanced reliability, simplified installation, and improved engine performance. |
Selected Janes Capital Partners A&D Experience
