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A&D Weekly News & Transactions - Week 1
Industry Headline News
Hanwha Aerospace Signs Contract to Produce Chunmoo Missile in Poland
Dec. 30, 2025 - Hanwha Aerospace has signed a contract with Polish partners to locally produce the Chunmoo surface-to-surface missile system under a trilateral cooperation framework. The agreement aims to bolster Poland’s defense industrial base and enhance supply of advanced guided rocket artillery with technology transfer and production infrastructure investment. Hanwha said the local production pact supports NATO interoperability and reinforces long-term strategic cooperation in European defense. (Hanwha)
Air China Signs $9.5 Billion Deal to Buy 60 Airbus A320neo Jets
Dec. 30, 2025 - Air China and a subsidiary agreed to purchase 60 Airbus A320neo aircraft in a deal valued at about $9.5 billion at list prices, with deliveries scheduled in batches from 2028 through 2032. The order, disclosed in a Shanghai Stock Exchange filing, follows similar Airbus purchase announcements by other Chinese carriers, signaling continued fleet expansion in China’s aviation market. The purchase stems from a broader framework agreement with Airbus and comes as geopolitical tensions have constrained Boeing’s sales in China, giving Airbus a competitive advantage. (Reuters)
Denmark to Buy US Patrol Planes Despite Greenland Rift
Dec. 30, 2025 - The United States approved a potential $1.8 billion sale of up to three Boeing P-8A maritime patrol and reconnaissance aircraft to Denmark, despite diplomatic tensions linked to comments by a U.S. envoy about Greenland. The U.S. State Department said the sale would strengthen Denmark’s security and support NATO operations, and it follows a separate approval of nearly $1 billion in air-to-air missile sales to Copenhagen. The deal highlights continued US-European defense cooperation amid political strain over Greenland’s strategic importance. (The Defense Post)
Boeing Wins $8.6 Billion Pentagon Contract to Supply Israel with 25 F-15IA Fighter Jets
Dec. 30, 2025 - Boeing has been awarded an $8.6 billion Pentagon contract to design, integrate, test, produce, and deliver 25 new F-15IA fighter aircraft to the Israeli Air Force, with an option for 25 additional jets under the F-15 Israel Program. The contract, announced by the US Department of Defense, includes production at Boeing’s St. Louis, Missouri facility and is expected to be completed by Dec. 31, 2035. The deal builds on a prior Israeli order valued at $5.2 billion and underscores continued US–Israel defense cooperation and investment in advanced air combat capabilities. (AeroTime)
Weekly Transaction Review
| No. | Parties Involved | Transaction Metrics | Location | Segment | ||
| Target [Parent] Acquirer [Parent] |
Price ($M) |
Price/ Revenue |
Price/ EBITDA |
Target | Target | |
| 1 | Stellant Systems [Arlington Capital] TransDigm |
$960.0 | 3.2x | - | Torrance, CA | Defense Electronics |
| 2 | Evans Alloys [O'Neal Industries] AeroFlow Technologies [Tinicum Capital] |
- | - | - | Flagstaff, AZ | Machined & Cast Parts |
| 3 | G&L Tube [O'Neal Industries] AeroFlow Technologies [Tinicum Capital] |
- | - | - | Cookeville, TN | Machined & Cast Parts |
| 4 | Dassault Systemes customer agreements of encad consulting [encad consulting] Technia [Addnode Group] |
- | - | - | Augsburg, Germany | Government Services, IT Services and Software |
| No. | Target Descriptions |
| 1 | Stellant is a developer of microwave tubes, traveling wave tubes (TWTs), power supplies, microwave power modules (MPMs), klystrons, and switch tubes for private sector and U.S. federal government aerospace and defense markets. Stellant Systems also produces next-generation solar electron propulsion systems for satellites, including the advanced xenon ion propulsion system (XIPS) for station-keeping which is used on Boeing's HS 702 communications satellite. |
| 2 | Evans Alloys is a specialized manufacturer of precision-welded large-diameter tubes, tube assemblies, cones, and panels for demanding space and industrial applications. The company's capabilities include cutting, forming, welding, and roll planishing. |
| 3 | G&L Tube is a premier manufacturer of small-diameter, thin-wall stainless steel, nickel alloy, titanium, and Monel® tubing. The company utilizes proprietary metal forming and seam welding technology to produce products for blue-chip OEM and Tier 1 customers. |
| 4 | encad consulting’s Dassault Systèmes customer agreements are contracts under which the company delivers software solutions, implementation services, support, and licensing across engineering and product lifecycle management platforms. |
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