A&D Weekly News & Transactions - Week 23

Industry Headline News

Satellite Maker Apex’s Valuation Rises to $2.3B After Latest $200M Raise
June 5, 2026 - Satellite manufacturer Apex has raised more than $200 million in a new funding round, increasing its valuation to $2.3 billion—more than double its valuation from the previous year. The company produces standardized satellite buses for commercial and government customers and plans to use the funding to expand production and support future growth. (Space News)

Boeing’s Parker Looks to Higher F-15EX Production Rates
June 3, 2026 - Boeing says demand for the F-15EX fighter has grown significantly, with the production line effectively sold out through 2034-2035. The Pentagon’s fiscal 2027 budget request includes plans that could increase the U.S. Air Force’s F-15EX fleet to as many as 268 aircraft, while Israel also plans to acquire 50 aircraft based on the platform. Boeing is working with the Air Force to increase production rates as interest in the modernized fighter continues to rise. (Flight Global)

L3Harris’ Communications Division Pulls in $495M Pentagon Contract
June 1, 2026 - L3Harris Technologies has been awarded a $495 million Pentagon contract through its communications systems division. The agreement covers the delivery and support of advanced communications equipment designed to enhance connectivity and operational effectiveness for U.S. military forces. The deal continues ongoing work, with the latest addition extending it until Dec. 1, 2026, and bringing the total to $3.8 billion. (Advance Local)

Northrop Grumman to Team With Apex for Space-Based Interceptors, Targeting Capability in 2027
June 1, 2026 - Northrop Grumman and Apex have partnered to develop space-based interceptor capabilities aimed at supporting future missile defense missions. The collaboration combines Northrop Grumman’s defense expertise with Apex’s satellite platform technology to accelerate development timelines. The companies are targeting an initial operational capability as early as 2027 as interest grows in space-based defense architectures. (Satellite Today)

Weekly Transaction Review

No.	Parties Involved	Transaction Metrics			Location	Segment
	Target [Parent] Acquirer [Parent]	Price ($M)	Price/ Revenue	Price/ EBITDA	Target	Target
1	D-Fend Solutions Motorola Solutions	$1,500.0	8.1x	-	Ra'anana, Israel	Unmanned Vehicles
2	Nedinsco HENSOLDT	-	-	-	Venlo, Netherlands	Sensors & C4ISR
3	Astrobotic Technology Voyager Technology	$300.0	5.1x	-	Pittsburgh, PA	Satellite, Satellite Services & Space Systems
4	BreakPoint Labs Valiant Solutions [Bluestone Investment]	-	-	-	Herndon, VA	Cybersecurity, Intelligence Services and Homeland Defense
5	MagCanica & Omnetics Arxis [Arcline]	$890.0	-	12.0x	San Diego, CA	Defense Electronics
6	Automatic Products RTC Aerospace [Stellex Capital]	-	-	-	Sumner, WA	Machined & Cast Parts
7	Nara Logics Omni Federal [Madison Dearborn]	-	-	-	Boston, MA	Government Services, IT Services and Software
8	Sungear & Crown Precision [TCW] The Eastern Company	$7.9	0.3x	-	San Diego, CA	Machined & Cast Parts
9	Cook Defence Systems [William Cook Holdings] HEICO	-	-	-	Bishop Auckland, United Kingdom	Land Systems
10	Graph Aware Neo4J	-	-	-	London, United Kingdom	Government Services, IT Services and Software
11	Edgar Hausmann Innesto Partners	-	-	-	Muenden, Germany	Machined & Cast Parts
12	Vanteon Performance Drone Works	-	-	-	Pittsford, NY	Defense Electronics
13	Vision Aerial Mobix Labs	-	-	-	Bozeman, MT	Unmanned Vehicles
14	Aero Controls ATC Group [AE Industrial]	-	-	-	Auburn, WA	MRO & Logistics
15	Priest Engineering Xcel Aerospace	-	-	-	Dorset, United Kingdom	Machined & Cast Parts
16	D&J Aviation Fourth Front Aviation	-	-	-	Colorado Springs, CO	MRO & Logistics
17	Nexteam Group EMZ Partners	-	-	-	Marmande, France	Machined & Cast Parts

No.	Target Descriptions
1	D-Fend is a developer of radio frequency (RF) cyber-based, non-kinetic, non-jamming, counter-drone – takeover technology solutions for private sector and U.S. federal government defense, homeland security, and law enforcement markets. The company's technology enables full control, safety, and continuity during rogue drone incidents across complex and sensitive environments, to overcome both current and emerging drone threats.
2	Nedinsco develops and manufactures electro-optical sensor systems, imaging technologies, and opto-mechatronic solutions for defense, security, and aerospace applications. The company supports surveillance, targeting, ISR, and situational awareness missions through stabilized sensor platforms, thermal imaging systems, UAV gimbals, and advanced optical processing technologies.
3	Astrobotic is a provider of end-to-end lunar logistics services and products for private sector and U.S. federal government defense and space exploration markets. The company's products include Peregrine, a lunar lander designed to deliver payloads to the Moon; Griffin, a heavy-lift lunar lander capable of transporting large payloads and surface infrastructure to the lunar surface, and LunaGrid, a suite of lunar power generation and distribution technologies designed to support sustained operations beyond Earth.
4	BreakPoint is a provider of AI-enabled cyber, adversarial threat emulation, and red team operation solutions for private sector and U.S. federal government defense and intelligence markets. The company is certified to ISO 9001:2015, ISO 27001:2022, CMMI Services Level 4, and CMMC Level 2 (C3PAO) standards.
5	MagCanica designs and manufactures non-contact, high-precision torque sensors used in high-performance rotating systems worldwide. Omnetics designs and manufactures micro-miniature and nano-miniature high reliability connectors and interconnect systems for aerospace, defense, space, medical and industrial customers worldwide.
6	APC is a manufacturer of precision milling and turning components as well as mechanical assemblies. The company specializes in turning, milling, grinding, deburring, and honing capabilities across Inconel, titanium, stainless steel, as well as other advanced materials. APC operates from a 120,000 square foot manufacturing facility.
7	Nara Logics is a developer of neuro-inspired AI technologies and advanced decision-intelligence platforms for private sector and U.S. federal government aerospace and defense markets. The company's Synaptic Intelligence Platform is a neuroscience-inspired AI platform that combines knowledge graphs, contextual reasoning, continuous learning, and transparent AI recommendations to support mission planning, intelligence analysis, operational decision-making, customer engagement, and predictive analytics.
8	Sungear manufactures precision machined gears, gearboxes, and power transmission components for aerospace, defense, and industrial applications. The company supports demanding motion control requirements through advanced machining, gear cutting, and assembly capabilities. Crown Precision manufactures tight-tolerance machined components and assemblies for aerospace and defense applications. The company supports complex production programs through advanced CNC machining, inspection, and quality-controlled manufacturing processes.
9	Cook Defence is a designer and manufacturer of tracks for armored fighting vehicles in private sector and international government markets. The company's product applications include the Warrior power drive transmission, TR40 track for FRES SV, and TR20 track for M113 armored personnel carrier.
10	Graph Aware is a developer of graph-based data integration, analytics, and intelligence platforms for private sector and government customers. The company specializes in building enterprise knowledge graph solutions that connect disparate data sources into unified, queryable models, enabling organizations to improve data discovery, operational awareness, and decision-making across complex information environments.
11	Edgar Hausmann is a value-added distributor of aerospace tooling, consumables, and assembly equipment supporting aircraft OEMs, suppliers, airlines, and MRO providers. The company supplies riveting, sheet metal, drilling, cutting, fastening, and installation tools, complemented by proprietary products and technical support for aerospace production and maintenance operations.
12	Vanteon provides advanced communications, RF engineering, and software-defined radio technologies for aerospace, defense, and wireless applications. The company specializes in embedded systems, FPGA development, digital signal processing, custom RF hardware, and mission-critical software supporting communications, sensing, and electronic warfare-related systems.
13	Vision Aerial is a designer and manufacturer of rugged drone systems designed to operate in contested environments for private sector and U.S. federal government aerospace, agriculture, defense, and environmental markets. The company's platform can carry swappable cameras and sensors—from high-resolution and heat-sensing thermal cameras to laser-based 3-D mapping and gas leak detection.
14	Aero Controls is an FAA, EASA, and UK CAA-certified Part 145 repair station specializing in the repair, overhaul, exchange, and sale of commercial and military aircraft components. The company supports operators through component MRO services across avionics, hydraulic, pneumatic, electromechanical, structural, and interior systems, complemented by teardown, parts distribution, and inventory management capabilities.
15	Priest Engineering manufactures complex machined components and assemblies for aerospace, defense, and industrial customers. The company supports mission-critical applications through multi-axis CNC machining, engineering support, and rigorous quality systems.
16	D&J Aviation provides aircraft maintenance, avionics, and special mission system integration services for piston, turboprop, and light jet aircraft. The company supports commercial, government, and special mission operators through avionics upgrades, sensor integration, radio system installations, and aircraft modification programs.
17	Nexteam Group manufactures precision components and subassemblies for aerospace propulsion and structural applications. The company specializes in complex machining, sheet metal fabrication, special processes, and assembly capabilities supporting major commercial and defense aerospace programs.