Defense Investment Activity

This merger positions XTEND to scale US manufacturing capabilities and access public markets as drone demand surges at the Pentagon.

This facility strengthens US domestic production of critical minerals needed for lithium-ion batteries used in defense and aerospace systems. The partnership between ExxonMobil and ACP Technology creates a supply chain for battery-grade graphite materials, reducing dependence on foreign sources for critical defense technologies.

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This massive fundraise positions Veritas to continue consolidating defense and government technology companies during a challenging fundraising environment. Recent acquisitions include GHX (healthcare supply chain) and MetroStar (AI-enabled digital transformation for defense agencies), while portfolio company Peraton secured multi-billion dollar FAA modernization contracts.

This acquisition strengthens Safran's position in resilient PNT (Position, Navigation, Timing) capabilities, adding critical anti-jamming and spoofing technologies essential for flight safety and infrastructure protection. The deal expands Safran's portfolio with controlled reception pattern antennas (CRPAs) and software-defined radio capabilities, building on their 2023 Orolia acquisition to create a comprehensive GNSS resilience offering.

Fundraise to assist startup scale for recent Space Force contract.

GE Aerospace is investing in expanded manufacturing capacity with new facilities in Michigan, creating 160 jobs and adding 36,000 square feet of production space.

The facility will manufacture critical landing gear systems for the Airbus A320 family of aircraft.

This family of PE funds will focus on dual-use space technology, including a position in SpaceX.

RENK Group's $170 million investment ($70M capex, $100M R&D) in Michigan facilities by 2030 will create 300 jobs and strengthen existing operations in Muskegon, Sterling Heights, and Roseville. This expansion reinforces Michigan's position as a key defense manufacturing hub and deepens the strategic partnership between German defense companies and U.S. industrial base.

This record funding demonstrates China's strategic push to develop indigenous reusable launch capabilities to compete with SpaceX and support national megaconstellation projects like Guowang and Qianfan. The hybrid government-private funding structure reflects China's classification of commercial space as a strategic emerging industry critical for high-tech development and space sovereignty.

This facility expansion significantly increases Chapco's capacity to produce larger-format assemblies and high-volume sheet metal fabrication for defense primes. The consolidation enables the company to serve as a more integrated single-source manufacturing partner, helping defense contractors reduce supply chain risk during geopolitically unstable times.

Hanwha Armoured Vehicle Centre of Excellence (H-ACE) will have an area of ​​approximately 181,000 square meters to support the life cycle of land systems – from development and production, to maintenance. H-ACE will begin with K9 self-propelled howitzers and the K10 ammunition refueling vehicles. This represents Hanwha's first European manufacturing facility, establishing a strategic foothold in the EU defense market.

This investment addresses critical battery limitations in defense drone operations by enabling custom-shaped power systems that maximize payload and endurance. The technology could significantly enhance military UAV performance by reducing weight penalties and space constraints that limit current drone capabilities.

Curtiss-Wright is increasing both R&D and capital investments in 2026 while achieving record financial performance, indicating strong reinvestment in core defense and aerospace capabilities. The company's record $4.1B in new orders and 18% backlog growth demonstrates robust demand across A&D markets, particularly in ground/naval defense and commercial aerospace. Leadership aims to increase both CapEx and R&D in the coming year.

Echodyne is significantly expanding manufacturing capacity with an 86,350-square-foot facility capable of producing 30,000+ radars annually to meet accelerating global demand for counter-UAS, force protection, and border security applications. The investment strengthens America's defense industrial base and positions the company to serve growing demand from U.S. and Allied countries for high-fidelity radar surveillance capabilities.

This acquisition expands By Light's modeling, simulation and training capabilities centered on architecture-driven development, enhancing their synthetic training ecosystem and multi-echelon simulation support across the defense enterprise. The deal strengthens By Light's portfolio in cyber training, virtual cyber effects, and live, virtual and constructive training environments.

This investment addresses critical coordination challenges in defense programs where mainstream collaboration tools cannot meet security requirements for classified environments. The company has already proven viability with a $25 million U.S. Space Force contract, demonstrating government validation of secure, multi-organization project management solutions.

This investment addresses critical vulnerabilities in defense systems dependent on wireless connectivity, particularly against jamming and spoofing attacks. Tenna's hardware-free approach allows rapid deployment across existing military assets including aircraft, drones, satellites, and ships, providing real-time spectrum intelligence without costly infrastructure investments. The company is already engaged with U.S. Army, U.S. Air Force, and allied forces, indicating strong government validation of their battlefield-proven technology.

This investment positions NUBURU's non-kinetic directed-energy technologies alongside H&K's globally deployed kinetic platforms within modern multi-domain defense architectures. The deal reflects a strategic move to integrate complementary capabilities as defense theaters increasingly require layered systems combining kinetic force projection, electronic warfare, and directed-energy capabilities.

Represents Europe's first privately-funded hypersonic missile development, addressing critical capability gap against Russian hypersonic threats. Company claims 80% cost reduction and development timeline compression from years to months compared to traditional government programs.

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MASNA Ventures represents Saudi Arabia's first dedicated defense VC fund, directly supporting the Kingdom's Vision 2030 goal of localizing 50% of defense procurement. The fund is strategically positioned to capitalize on the deepening U.S.-Saudi defense relationship under the Trump administration's Strategic Defense Agreement and Saudi Arabia's designation as a major non-NATO ally.

This acquisition enhances Novaria's capabilities in plasma technologies and material sciences for mission-critical electronics protection. It expands Novaria's advanced surface protection technologies portfolio, strengthening their position in the aerospace and defense market where their products are found on almost every Boeing and Airbus commercial aircraft.

The acquisition raises national security concerns as it could provide Chinese-linked entities access to sensitive military infrastructure and systems through NHV's helicopter maintenance contracts. Belgium's recent order of 20 Airbus H145M helicopters for army and police has heightened concerns about potential Chinese involvement in military aircraft maintenance operations.

This funding enables Machina Labs to build a 200,000-square-foot Intelligent Factory with 50 RoboCraftsman cells, addressing critical manufacturing speed constraints in defense production. The company has secured contracts with US Air Force Research Laboratory and is working on missile and hypersonics manufacturing, positioning it as a Tier 1 defense manufacturing partner.

This acquisition strengthens Orion's marine construction capabilities and adds Jones Act-compliant marine assets, expanding its capacity to serve defense contracts. The deal provides access to a $1.4 billion pipeline of opportunities and established relationships with DoD and Army Corps of Engineers, positioning Orion as a premier marine construction contractor in defense-related markets.

This acquisition enables Magnet Defense to scale from prototype development to industrial-scale production of autonomous maritime platforms for the U.S. Golden Fleet initiative. The deal addresses critical gaps in U.S. shipbuilding capacity while combining AI-enabled autonomous systems with established manufacturing capabilities and workforce.

Expanding Karman's advanced materials to support missions in varied environments across air, land, sea and space The acquisition provides access to multi-decade, high-priority funded U.S. Navy programs.

This facility expansion represents a critical enhancement to U.S. domestic artillery ammunition production capacity, more than doubling monthly output from 30,000 to 80,000 MACS containers. The investment directly supports battlefield readiness by addressing a key bottleneck in ammunition packaging that has limited industry's ability to deliver 155mm artillery rounds at scale. This marks the 12th facility ribbon cutting in support of the Army's munitions production modernization campaign, signaling an aggressive push to strengthen the domestic defense industrial base amid global pressures. The multi-year contract approach reflects acquisition reform priorities focused on procurement speed and production stability.

This investment establishes a dedicated defense manufacturing center of excellence at an educational institution, indicating efforts to build domestic defense manufacturing capacity and workforce development. The center represents infrastructure investment to support defense industrial base capabilities at the regional level.

This capital raise positions nLIGHT to scale manufacturing of high-energy laser systems for defense applications, including 10kW, 30kW, and 70kW-class directed-energy weapons. The funding supports expanded production capacity at Colorado facilities as defense interest in laser weapon systems increases across multiple domains.

This acquisition positions RAVE Aerospace to capitalize on the growing connected aircraft market as high-bandwidth satellite constellations enable more sophisticated inflight digital services. The deal strengthens competition in the aerospace IFE sector against established players like Panasonic Avionics and Thales.

The investment reflects continued institutional confidence in Kratos' defense technology portfolio, with multiple major investors (Franklin Resources, ARK, Invesco) increasing positions.

This funding positions CesiumAstro as a key supplier for U.S. defense space architecture, particularly the SDA's Proliferated Warfighter Space Architecture. The company's transition from commercial satellite communications to defense-focused AI-enabled systems represents critical infrastructure for national security space capabilities.

This facility establishment strengthens North American aerospace and defense manufacturing capabilities by bringing precision component production and advanced automation systems closer to key defense contractors. The facility's focus on systems integration and high-performance materials positions it to support critical defense supply chains.

This expansion establishes Sodern's first U.S. operations, bringing European space technology capabilities to Colorado's aerospace cluster. The focus on optronic systems for national security missions strengthens domestic space surveillance and reconnaissance capabilities.

Hadrian's $200M automated factory represents a significant expansion of domestic defense manufacturing capacity, creating 350 jobs while establishing a key production node for precision aerospace and defense components. The facility addresses critical supply chain needs for missiles, rockets, and military aircraft through advanced automation.

This investment highlights India's emergence as a critical manufacturing hub for global aerospace supply chains, particularly as Western legacy vendors struggle to meet unprecedented demand from aircraft manufacturers. The deal reinforces the strategic shift toward outsourcing precision aerospace components to Indian manufacturers with proven capabilities and established relationships with major OEMs like Boeing, Collins Aerospace, and Safran.

The Munitions Acceleration Center represents Lockheed Martin's expansion of domestic THAAD and Patriot missile production capacity at its existing Camden facility, which already produces HIMARS systems. This facility enhancement likely aims to meet increased defense demand and strengthen the U.S. munitions industrial base.

This expansion demonstrates continued growth in precision manufacturing capabilities for defense and aerospace applications. The investment in larger facilities positions Edson to scale production of critical fasteners and components used across multiple defense-adjacent industries including firearms and aerospace systems.

This 80,000 square foot expansion reinforces Oklahoma City's position as a commercial aviation maintenance hub and demonstrates sustained demand in aerospace MRO services. The addition of 200 jobs and modernized digital maintenance systems strengthens regional aerospace capabilities.

This partnership represents a modernization of the U.S. military's munitions production capacity through public-private collaboration. The enhanced use lease model allows the Army to leverage private investment to rebuild critical manufacturing capabilities while creating domestic production jobs.

This acquisition strengthens AxioAero's aerospace aftermarket platform by adding certified MRO capabilities for critical aircraft systems including hydraulics, pneumatics, and flight controls. The deal expands service coverage across commercial and defense aviation markets, supporting both narrow-body and wide-body aircraft platforms including Boeing 707 military variants.

This acquisition strengthens IonQ's quantum networking capabilities by adding proven optical communications expertise critical for distributed quantum entanglement and ultra-secure connectivity. The deal expands IonQ's access to government, aerospace, and defense customers while completing their full-stack quantum-secure communications platform following other strategic acquisitions.

Hong Kong's sovereign wealth fund is positioning to capitalize on geopolitical shifts and China's tech self-reliance drive by targeting aerospace and AI investments. This represents a strategic move to leverage current market valuations and geopolitical tensions to build long-term technological capabilities in critical sectors.

RTX's record $268 billion backlog and strong defense orders, particularly for Patriot and Tamir missile systems, demonstrate robust international defense demand driven by NATO allies' increased budgets and heightened tensions in Asia Pacific and Middle East. The company's $10+ billion capital expenditure and R&D investment in 2025 reflects significant capacity expansion to meet growing defense production requirements.

This joint venture addresses critical supply chain vulnerabilities by establishing domestic aluminum production capacity for defense applications. The facility will reduce U.S. dependence on aluminum imports (currently 85% of needs) and provide high-purity aluminum crucial for specialized defense systems and aerospace manufacturing.

This investment represents part of the Army's $5.5B Defense Industrial Base modernization campaign since 2022, marking the 11th new facility established to increase munitions production capacity. The facility produces the M918E2 training cartridge that eliminates unexploded ordnance hazards, enabling more realistic training scenarios while improving safety and operational readiness.

Northwood is working with the Space Force to modernize critical satellite control infrastructure, replacing legacy single-satellite dishes with multi-beam systems supporting 8-12 simultaneous links. This addresses growing demand for telemetry, tracking and command capacity as the military deploys proliferated LEO constellations.

This facility directly supports the Navy's top priority Columbia-class submarine program, which faces a critical 17-month delay and urgent need for industrial capacity expansion. The investment addresses DoD calls to strengthen the defense industrial base at a time when aging Ohio-class submarines require immediate replacement.

This expansion reinforces California's position as a leading aerospace and defense hub, creating 5,500 direct jobs and establishing critical manufacturing capacity for next-generation defense technologies. The facility will include lab space, prototype manufacturing, and engineering capabilities, positioning Anduril to scale production of autonomous defense systems.

This represents a significant manufacturing capacity expansion for a defense contractor, potentially strengthening domestic production capabilities. The facility would create approximately 650 jobs and establish a major aerospace/defense manufacturing presence in Montana, similar to existing Boeing operations in the region.

This investment addresses critical DoD technology priorities including Contested Logistics, Applied AI, and Scalable Autonomous Systems. Grid Aero's low-cost, autonomous aircraft platform offers scalable logistics capabilities in degraded environments where traditional systems cannot operate effectively.

The USA would receive about 8% of the equity of USA Rare Earth via the Department of Commerce CHIPS Program Office. This investment addresses critical national security vulnerabilities by establishing domestic rare earth mining and processing capabilities independent of China's dominance in these materials.

This investment strengthens European space logistics capabilities and supports D-Orbit's strategy to consolidate the European space services market while ensuring alignment with ESA frameworks and EU member state security requirements. The funding enables strategic acquisitions and expansion of orbital infrastructure critical for addressing the growing congestion in orbital environments.

The 290,000-square-foot Factory 3 (F3) facility cost approximately $200 million. This expansion addresses critical gaps in U.S. defense industrial base capacity by industrializing additive manufacturing for production-scale defense programs rather than just prototyping. The integration into Hadrian's existing AI-powered factory platform enables end-to-end manufacturing for mission-critical systems with qualification standards required for defense applications.

This funding enables D-Orbit to pursue acquisitions focused on dual-use space technologies serving government, defense, and commercial markets. The company's expansion into in-space servicing, assembly, and manufacturing (ISAM) capabilities positions it to address growing defense needs for space debris removal and beyond-Earth orbit operations.

The 1,000-acre facility will be used to produce hypersonic weapons.

This funding supports U.S. domestic processing capacity for critical minerals essential to defense applications, including rare earth elements and specialized metals required for advanced weapons systems and electronics. The investment strengthens U.S. supply chain resilience by enabling domestic production of materials typically sourced from adversarial nations.

Noveon is currently the only operational American manufacturer of sintered NdFeB magnets.

Dominion aims to create an "Arctic autonomy" software tech stack, focusing on low-cost, software-defined systems that can be risked in combat.

This represents a significant shift toward software-defined, attritable defense systems for Arctic operations, addressing NATO's strategic vulnerability in contested northern territories. The company's focus on interoperability and rapid deployment capabilities aligns with modern military needs for distributed, networked warfare capabilities.

This funding enables StirlingX to scale Beyond Visual Line of Sight (BVLOS) drone operations for critical infrastructure monitoring, including defense applications. The company's focus on defense-grade resilience and sovereign data intelligence positions it to protect national infrastructure assets.

The investment highlights growing interest in dual-use satellite imagery capabilities, as evidenced by IronGate Capital's focus on companies serving both commercial and defense markets. SkyFi's analytics capabilities could provide critical intelligence and surveillance support for defense applications while maintaining commercial viability. The oversubscribed round signals strong investor confidence in satellite imagery and analytics platforms that can serve dual-use markets.

This acquisition strengthens Nukkleus's position across the UAV/UAS value chain and addresses critical Tier-2/Tier-3 supplier bottlenecks that cause production delays in defense manufacturing. The deal consolidates complementary technologies in unmanned platforms, AI, motion control, and command systems within a single ecosystem.

**Why It Matters:** Represents a shift toward domestically built African defense systems designed for local threat profiles rather than reliance on imported military hardware. The company aims to become 'Africa's first defense prime,' positioning defense technology as economic infrastructure supporting industrial continuity and state authority. **Market Implications:** Signals that Africa is increasingly viewed as a market for security and defense infrastructure development rather than just a recipient of aid or imported systems. Defense-focused capital is positioning for long-term institutional contracts rather than rapid tech exits.

**Why It Matters:** This partnership positions Dassault Aviation to integrate AI capabilities into next-generation Rafale fighters and drones while maintaining European technological sovereignty. The deal represents a strategic shift from disrupting defense primes to partnering with them, validating the startup's technology for NATO forces. **Market Implications:** Reflects growing defense tech investment driven by lessons from Ukraine conflict, particularly in AI-powered autonomous systems. Demonstrates European efforts to compete with U.S. defense tech leaders like Anduril while maintaining strategic autonomy.

**Why It Matters:** This acquisition significantly expands Aurex's cybersecurity and encryption capabilities for space-based national security systems at a time of increasing geopolitical tensions and contested space domain. The deal positions Aurex to deliver integrated, end-to-end solutions across secure communications and space-based defense systems for the most sensitive government missions. **Market Implications:** The transaction signals growing demand for specialized cryptographic and cybersecurity solutions in the space defense sector. It reflects the increasing recognition that space systems require sophisticated encryption capabilities as space becomes a more contested and critical domain for national security.

This expansion represents continued build-out of U.S. defense industrial base capacity, supporting critical technologies including hypersonic systems (Zeus/Oriole rocket motors), high-altitude ISR imaging (HORUS), and advanced composite inspection capabilities.

This deal validates the holding company model for defense tech, enabling rapid development of multiple defense products simultaneously rather than focusing on single solutions. Valinor has already launched five product companies spanning medical systems, optics, unmanned systems, and data ingestion, with government contracts already secured across defense, intelligence, and civilian agencies. Signals a shift toward diversified defense tech portfolios that can address both high-profile and niche defense problems through operational efficiency. The involvement of former Palantir leadership suggests institutional knowledge transfer from successful defense unicorns to this new operational model.

This massive fundraise positions Andreessen Horowitz as a major capital source for defense tech at a critical time when the U.S. is prioritizing technological competition with adversaries. The firm's existing portfolio includes key defense contractors like Anduril, SpaceX, and Hadrian, indicating continued consolidation of venture capital behind American defense innovation. The allocation of $1.2B specifically to aerospace and defense signals strong VC confidence in the sector.

This funding enables Cambium to scale a distributed, secure manufacturing network across the US, UK, and Europe, creating a Western advanced-materials platform for defense and industrial applications. The investment addresses critical supply chain resilience needs for defense contractors requiring ultra-high-temperature polymers and carbon-carbon thermal protection systems. The significant investment reflects growing demand for AI-accelerated materials development and secure Western manufacturing capabilities in defense applications. Lockheed Martin Ventures' participation signals major defense primes' recognition of advanced materials as a critical technology area.

This acquisition strengthens Arxis's capabilities in precision elastomeric and metal components critical for defense and aerospace systems. The deal consolidates specialized manufacturing capacity for components that likely support mission-critical applications requiring high reliability and performance standards. Indicates continued consolidation in the defense supply chain as larger entities acquire specialized component manufacturers to secure critical capabilities and capacity.

This contract will apply 3D printing to address critical manufacturing bottlenecks limiting production, in collaboration with DIU and the Department of Navy. The initiative aims to prototype and qualify additively manufactured components to enable higher production rates and resolve persistent constraints in the defense industrial base.

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This acquisition strengthens McNally Capital's aerospace portfolio and represents their first investment from Fund III. The deal consolidates critical aftermarket support capabilities for PT6A engines, which are widely used across military and civilian aircraft fleets, positioning ATS to scale operations amid increasing fleet utilization and supply chain pressures. Signals continued private equity consolidation in aerospace MRO services, particularly targeting specialized engine maintenance capabilities that serve both defense and commercial aviation markets.

This represents Carlyle's strategic exit from a portfolio company through sale to Howard Hughes Holdings, providing permanent capital to strengthen Vantage's credit profile and underwriting flexibility. The deal allows Vantage to maintain operational independence while gaining financial backing from HHH. The transaction signals continued consolidation in the specialty insurance sector and demonstrates active portfolio rotation by private equity firms. The 1.5x book value multiple suggests healthy valuations for well-performing specialty insurance platforms.

This acquisition positions Nukkleus to capture share of the military UAV/UAS market projected at ~$23 billion by 2030. The deal adds established defense contractor relationships through B. Rimon Agencies and provides exposure to Iron Dome defense systems amid increased U.S. military aid packages. Signals continued consolidation in the defense UAV/UAS sector as companies build integrated platforms combining unmanned systems, AI, and motion control capabilities. Reflects growing investor focus on military drone technology given global security demands.

This acquisition strengthens Aretum's position across key federal markets by combining complementary capabilities in cloud delivery, cybersecurity, and digital transformation. The deal enhances service delivery to critical defense and civilian agencies, particularly expanding healthcare technology capabilities for veterans' services. Signals continued consolidation in the federal IT services sector, with private equity-backed firms pursuing strategic acquisitions to build comprehensive platforms serving defense, intelligence, and civilian government markets.

This acquisition consolidates a leading aviation security provider that serves 47 of the world's top 50 airports and maintains strong positions across defense and critical infrastructure sectors. The deal represents significant private equity investment in security technologies amid growing global emphasis on threat detection and resilience capabilities. Signals continued private capital consolidation in the defense technology sector, particularly in dual-use security screening technologies that serve both commercial and government markets.

This investment enhances Electrosoft's ability to scale cybersecurity and digital transformation services for federal defense customers by integrating AI capabilities from DigitalNet.ai. The partnership ensures service continuity for existing federal clients while expanding operational capacity in critical defense technology areas. The deal reflects growing convergence of AI and cybersecurity solutions in the defense sector. It signals increased private investment in firms serving federal defense markets, particularly those combining traditional cybersecurity with emerging AI capabilities.

Merger of two companies in Greenbriar Holdings

This acquisition enhances Synergy ECP's capacity to deliver end-to-end technology solutions to intelligence and defense sectors by integrating NetServices' nearly 30 years of federal IT experience. The deal expands Synergy's access to critical national security programs through NetServices' established customer relationships and technical depth in emerging technologies like AI/ML and zero trust architectures. The acquisition reflects continued consolidation in the defense IT services market as companies seek to build comprehensive capabilities spanning traditional IT modernization and emerging technologies. Private equity backing indicates sustained investor confidence in federal technology services, particularly those serving national security missions.

This expansion nearly doubles Hanwha's production capacity and establishes South Korea's largest defense industry cleanroom, positioning the company to meet growing global demand for advanced radar and combat systems. The facility enables production scaling for major export contracts worth over $2.6 billion across Middle East and Southeast Asian markets. Demonstrates South Korea's aggressive push to become a major defense exporter, leveraging advanced manufacturing capabilities and proven combat systems to compete globally. Reflects growing international demand for non-Western defense technologies, particularly in radar and naval combat systems.

Creates a vertically integrated defense platform combining embodied AI, autonomous systems design, and U.S.-based precision manufacturing to support DoD reshoring priorities. The acquisitions are expected to more than triple Palladyne's 2024 revenue of $7.8M and bring an 18-month backlog exceeding $10M with existing relationships to major primes like Lockheed Martin and Boeing. Signals trend toward vertical integration in defense tech, with mid-tier companies combining AI capabilities with domestic manufacturing to compete against traditional large primes. Reflects growing emphasis on reshoring critical defense production capabilities within the United States.

This facility expansion represents Kratos' commitment to establishing sovereign manufacturing capabilities in Israel, a key strategic ally, while positioning near Hebrew University for talent acquisition. The 60,000 sq ft facility with advanced clean rooms enables accelerated development and production of critical microwave/RF components for missiles, radars, satellites, and electronic warfare systems. Indicates growing demand for high-volume RF and microwave assemblies in international defense markets. Reflects the strategic importance of establishing distributed manufacturing capabilities in allied nations for supply chain resilience.

Phoenix Tailings addresses critical U.S. defense supply chain vulnerability by establishing domestic rare earth production capability, reducing dependence on China which controls 90% of global supply and has threatened export restrictions. The company's 200-1,000 ton annual production capacity could supply Pentagon contractors with materials essential for critical defense systems. This signals growing urgency to reshore critical materials supply chains amid U.S.-China trade tensions. The defense industry's push for domestic rare earth sources reflects broader efforts to secure supply chains for strategic materials vital to advanced military technologies.