--- title: A&D Weekly News & Transactions - Week 31 description: The JCP A&D Weekly Report from Monday, August 5th, 2024 covers significant developments in the aerospace and defense industry. image: https://blog.janescapital.com/hubfs/A%26D%20Weekly%20Recap%20-%20Week%2031%20(8.5.24).png --- [![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/08-05-2024&text=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+31) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/weekly-ad-news-transactions/08-05-2024&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+31) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.janescapital.com/weekly-ad-news-transactions/08-05-2024&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+31) # A&D Weekly News & Transactions - Week 31 by **[Stephen Perry](https://blog.janescapital.com/weekly-ad-news-transactions/author/stephen-perry)** ![](https://blog.janescapital.com/hubfs/A%26D%20Weekly%20Recap%20-%20Week%2031%20(8.5.24).png)   ### Industry Headline News ![US\_Army\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/US_Army_Logo.png?width=1813&height=1814&name=US_Army_Logo.png) **The US Army has awarded Raytheon a $2b contract to begin the initial production of the LTAMDS radars, a system set to replace the current Patriot radars** *Aug. 2, 2024 -* The Lower Tier Air and Missile Defense System, part of a broader plan to enhance US defenses in locations like Guam, will also be sold internationally, with Poland being the first foreign customer. [(Breaking Defense)](https://breakingdefense.com/2024/08/army-awards-raytheon-2-billion-to-begin-ltamds-production/) The US Army has awarded Raytheon a $2b contract to begin the initial production of the LTAMDS radars, a system set to replace the current Patriot radars Aug. 2, 2024 - The Lower Tier Air and Missile Defense System, part of a broader plan to enhance US defenses in locations like Guam, will also be sold internationally, with Poland being the first foreign customer. (Breaking Defense) ![BAE\_Systems\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/BAE_Systems_Logo.png?width=1500&height=1500&name=BAE_Systems_Logo.png) **BAE Systems has raised its profit forecast for the year following £15bn in new orders which includes contracts for warships and fighting vehicles** *Aug. 1, 2024 -* Amid heightened geopolitical tensions, CEO Charles Woodburn emphasized the importance of military spending for economic growth and expressed confidence in ongoing defense programs. The company reported a 13% rise in sales to £13.4bn and expects profits to increase by 12-14%, with shares up over 17% since January. [(Financial Times)](https://www.ft.com/content/b6c4cf95-23a1-4c9d-8711-9f728d5c88b1) BAE Systems has raised its profit forecast for the year following £15bn in new orders which includes contracts for warships and fighting vehicles Aug. 1, 2024 - Amid heightened geopolitical tensions, CEO Charles Woodburn emphasized the importance of military spending for economic growth and expressed confidence in ongoing defense programs. The company reported a 13% rise in sales to £13.4bn and expects profits to increase by 12-14%, with shares up over 17% since January. (Financial Times) ![Transdigm Group](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/Transdigm%20Group.png?width=500&height=500&name=Transdigm%20Group.png) **TransDigm Group Incorporated has completed its $655m cash acquisition of Raptor Scientific** *July 31, 2024 -* The acquisition, financed through TransDigm's cash reserves, was first announced on May 28, 2024. Raptor Scientific, expected to generate $90 million in revenue for 2024, employs around 170 people across multiple U.S. locations. [(PR Newswire)](https://www.prnewswire.com/news-releases/transdigm-completes-acquisition-of-raptor-scientific-302211037.html) TransDigm Group Incorporated has completed its $655m cash acquisition of Raptor Scientific July 31, 2024 - The acquisition, financed through TransDigm's cash reserves, was first announced on May 28, 2024. Raptor Scientific, expected to generate $90 million in revenue for 2024, employs around 170 people across multiple U.S. locations. (PR Newswire) ![Boeing\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/Boeing_Logo.png?width=3840&height=3840&name=Boeing_Logo.png) **Boeing has appointed Kelly Ortberg, as its new CEO, an aerospace industry veteran and former CEO of Rockwell Collins** *July 31, 2024 -* Ortberg will face challenges including cultural changes, union contract negotiations, and next-generation plane development. Industry experts commend Ortberg for his leadership skills and deep aerospace knowledge, considering him a strong choice to lead Boeing through its next chapter. [(New York Times)](https://www.nytimes.com/2024/07/31/business/boeing-kelly-ortberg-ceo.html?searchResultPosition=1) Boeing has appointed Kelly Ortberg, as its new CEO, an aerospace industry veteran and former CEO of Rockwell Collins July 31, 2024 - Ortberg will face challenges including cultural changes, union contract negotiations, and next-generation plane development. Industry experts commend Ortberg for his leadership skills and deep aerospace knowledge, considering him a strong choice to lead Boeing through its next chapter. (New York Times) ![Boeing\_Logo](https://blog.janescapital.com/hs-fs/hubfs/Weekly_AD/Logos/Boeing_Logo.png?width=3840&height=3840&name=Boeing_Logo.png) **Boeing's KC-46 tanker is facing a new high-risk deficiency related to faulty fuel pumps damaging air system ducts, adding to existing unresolved issues** *July 30, 2024 -* While Boeing and the Air Force are working on temporary repairs and long-term fixes, the program has already incurred over $7b in charges. Despite these challenges, the Air Force remains optimistic about Boeing's efforts to address quality issues. [(Defense News)](https://www.defensenews.com/air/2024/07/30/boeings-kc-46-has-a-new-top-tier-deficiency/) Boeing's KC-46 tanker is facing a new high-risk deficiency related to faulty fuel pumps damaging air system ducts, adding to existing unresolved issues July 30, 2024 - While Boeing and the Air Force are working on temporary repairs and long-term fixes, the program has already incurred over $7b in charges. Despite these challenges, the Air Force remains optimistic about Boeing's efforts to address quality issues. (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 | **Composites & Fuel Containment Division \[Parker-Hannifin\]** SK Capital | - | - | - | Erlanger, KY | Composites | | 2 | **BlackSignal Technologies \[Razor's Edge Management\]**Parsons | $200.0 | 2.1x | 10.5x | Reston, VA | Cybersecurity, Intelligence Services and Homeland Defense | | 3 | **Aeyon \[Enlightment Capital\]** CGI Federal \[CGI Group\] | - | - | - | Vienna, VA | Government Services, IT Services and Software | | 4 | **kSARIA \[Behrman Capital** ITT | $475.0 | 2.7x | 13.0x | Hudson, NH | Connectors | | **No.** | **Target Descriptions** | | --- | --- | | 1 | The Composites & Fuel Containment (CFC) Division of Parker provides engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. | | 2 | BlackSignal provides advanced signal processing and cyber capabilities to counter near peer adversaries of the United States. The company's space, cyber, electronic warfare, and digital signal processing capabilities include full-spectrum cyber solutions and tool development; space-based, artificial intelligence-enhanced signal processing; and tactical communication and intelligence systems. | | 3 | Aeyon is a developer of transformation strategies, advanced processes, and comprehensive Robotic Process Automation (RPA) and AI technologies for the U.S. Department of Defense (DoD) and related civilian agencies. | | 4 | kSARIA is a producer and supplier of mission critical connectivity solutions for the aerospace and defense end markets. The company offers complete interconnect solutions, including optical fiber, copper, RF or hybrid cable assemblies, for all aspects of Mil/Aero 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) ### Subscribe to A&D Weekly #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/weekly-ad-news-transactions/08-05-2024&text=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+31) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/weekly-ad-news-transactions/08-05-2024&t=A%26amp%3BD+Weekly+News+%26amp%3B+Transactions+-+Week+31) [Share on 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