In the three months to April, 20 deals were registered involving the best naval equipment and technology companies with a number of high-risk venture capital, equity, asset, debt, acquisition and private equity deals.

This is according to GlobalData’s financial transaction database, which tracks market activity in various sectors and types of transactions.

The deals below include only those that have been completed – so exclude rumors or those that have been agreed but not yet fulfilled.

Figures from leading naval equipment and technology companies show that the US market is the most active, with 13 deals made in the last three months. This was followed by France, which concluded two deals.

Below are some of the biggest completed deals made in the last quarter.

Acquisitions

Lockheed Martin cancels $ 4.4 billion acquisition of Aerojet Rocketdyne – Feb. 14 ($ 4,400 million)

Lockheed Martin Corp discontinues acquisition of Aerojet Rocketdyne Holdings, Inc.

Lockheed Martin Corp is a company in aerospace, defense, weapons, security and advanced technology, while Aerojet Rocketdyne Holdings Inc is a manufacturer of aerospace and defense products and systems with a purchase price of $ 4.4 billion.

Aerojet Rocketdyne has an equity value of $ 4.6 billion in dividends.

As part of the deal’s approval, Aerojet Rocketdyne announced a special cash dividend, which may be waived at its option until the date of payment, of $ 5 per share to its holders of ordinary shares and convertible senior bonds (based on conversion) upon completion of the transaction. activity on March 10, 2021 and payable on March 24, 2021

Evercore acts as an advisor to Aerojet Rocketdyne in the deal.

Transaction history:
Approval: On March 9, 2021, Aerojet Rocketdyne received shareholder approval to acquire Lockheed Martin for $ 4.4 billion.

Announced: On December 20, 2020, Lockheed Martin signed a final agreement to acquire Aerojet Rocketdyne Holdings for a purchase price of $ 4.4 billion.

Consortium of investors to acquire 100% stake in Aubert & Duval – February 22 ($ 107 million)

The consortium of investors includes (Airbus SAS, Safran SA and Tikehau Ace Capital) agreed to acquire a 100% stake in Aubert & Duval, a metallurgical solutions provider from Eramet, a mining and metallurgical company, for a purchase fee of $ 107.34 million ). All companies involved in the deal are based in France.

Nomura acted as Safran’s financial adviser on the deal.

Under the terms of the deal, the sale of A&D will be based on an enterprise value of € 95 million, together with a set of specific guarantees in addition to the usual guarantees. The accounting impact is estimated at -340 million euros and will be recognized in the result for 2021. There will be no impact on the net debt of the Group as of December 31, 2021.

The finalization of the transaction, which must take place before the end of 2022, is subject to approval by the representative staff bodies and approval by the regulatory authorities.

CTS to acquire Meggitt (Ferroperm Piezoceramics) – April 12 ($ 77 million)

CTS Corporation, a US-based manufacturer of sensors, actuators and electronic components, has announced a final deal to acquire a stake in Meggitt Plc, a UK-based designer, manufacturer and supplier of piezoceramic components for the aerospace, defense and energy markets. for DKK 525 million (USD 76.86 million) in cash.

The deal is expected to close in 2022 and is subject to the necessary regulatory approvals.

Leidos Holdings to sell aviation and missile solutions – February 15 ($ 18 million)

Leidos Holdings Inc, a company in defense, aviation, information technology and biomedical research, has signed a final agreement to sell Aviation & Missile Solutions LLC, an aerospace and defense company, to undisclosed investors for $ 18 million. Both companies are based in the United States.

The deal is expected to be completed in the first quarter of fiscal 2022.

Textron will acquire Pipistrel on March 17

Textron Inc., a multi-industry company with operations in the fields of aircraft, defense, industrial products and finance, has entered into an acquisition agreement with Pipistrel doo Ajdovscina, a Slovenian-based light aircraft manufacturer.

Following the completion of the deal, Textron plans to form a new business segment, Textron eAviation, focused on the development of sustainable aircraft, which will include Pipistrel.

Pipistrel founder and CEO Ivo Boscarol will remain a minority shareholder as well as an honorary chairman, advising on future product plans and strategies for a period of two years.

The deal is expected to close in the second quarter of 2022, subject to normal closing conditions, including regulatory approvals.

Risk financing

CesiumAstro Provides $ 60 Million in Risk Financing Series B – March 2 ($ 60 Million)

CesiumAstro Inc, a US-based developer of advanced aerospace communications systems, has provided $ 60 million in Risk Series B financing, led by AV Capital Management LLC (Airbus Ventures) and Forever Ventures.

In addition, L3Harris Technologies Inc, Kleiner Perkins Caufield & Byers, Lavrock Ventures LLC, Franklin Blackhorse and HEICO Corp also participated in the funding round.

Overwatch Imaging Raises $ 11 Million for Risk Financing – April 5 ($ 11 Million)

Overwatch Imaging, a U.S.-based designer and maker of imaging systems with personalized on-board artificial intelligence (AI) software for both manned and unmanned aerial vehicles, raised $ 11 million in venture capital funding. Funding was led by Squadra Ventures and Shield capital. L3Harris Technologies and Bridger Aerospace, as well as the Portland Seed Fund, took part in this round.

The funds will be used to meet the high demand for its products, improve automation and image analysis software and expand into new market segments.

Private capital

Blueshift Asset Management invests $ 0.42 million in AeroVironment – February 1 ($ 0 million)

Blueshift Asset Management, LLC, a quantitative investment intermediary focused on statistical arbitrage and trading strategies, acquired 4,969 shares in AeroVironment Inc, a designer, developer and provider of unmanned aerial vehicle systems and commercial information solutions for $ 0.42 million. Both companies are based in the United States.

Elliott Investment Management will acquire Mercury Systems on March 3

Elliott Investment Management LP, a private hedge fund sponsor, has proposed Mercury Systems Inc, a technology company that develops electronic defense solutions. Both entities are based in the United States.

Arcline Investment Management Acquires Enviro Systems (Safran Ventilation Systems, Oklahoma) – March 21

Arcline Investment Management, a private investment company, acquired Enviro Systems Inc (Safran Ventilation Systems Oklahoma, Inc.), a US-based prominent developer, manufacturer and supplier of integrated ECS and related components for the aviation industry, from Safran SA, a French-based supplier to aerospace, defense and security systems and equipment.

Mezirov acted as a financial advisor to Safran SA

Asset transactions

Thales to acquire Atos big data and cybersecurity business – February 2 ($ 3,000 million)

According to Reuters, sources say that Thales SA, a company that designs and builds electrical systems and provides services to the space, defense, transport and security markets, could acquire Atos SE, a multinational information technology service, with its big data and cybersecurity business. and a $ 3 billion potential consulting firm. Both companies are based in France.

Atos SE’s big data and cybersecurity business is known as BDS.

It is reported that Bain Capital, CVC Capital Partners and PAI Partners may acquire the remaining IT services operations of Atos SE.

Raytheon Technologies may sell Anschuetz navigation system unit – February 3 ($ 200 million)

According to people familiar with the matter, Raytheon Technologies Corporation, a provider of systems and services for commercial, military and government, could sell Anschuetz’s navigation system unit for $ 200 million.

The Anschuetz Navigation Systems Unit is a designer and manufacturer of products, including gyrocompasses, that are used to set courses at sea as an alternative to more common compasses, which may have magnetic fields distorted by ship’s hulls.

EMCORE acquires L3Harris Technologies assets and liabilities – February 15 ($ 5 million)

EMCORE Corp., providing sensors and optical products with mixed signals, has acquired all the intellectual property and outstanding assets and liabilities of L3Harris Technologies Inc, an aerospace and defense company that provides products and technologies at sea, land, space, air, sea, and cyber. areas for a fee of approximately $ 5 million in a fully cash transaction. Both companies involved in the deal are based in the United States.

Transaction history:
Announcement: On February 15, 2022, EMCORE Corp., a supplier of sensors and optical products with mixed signals, announced that it was acquiring all intellectual property and outstanding assets and liabilities of L3Harris Technologies Inc, an aerospace and defense company providing offshore products and technologies. , land, space, air, sea and cyber fields.

QinetiQ Acquires Northstar Autonomous Navigation Software from TP Group – April 1 ($ 1 million)

QinetiQ Limited, a subsidiary of QinetiQ Group PLC, acquired Northstar Autonomous Navigation Software from TP Group PLC, a consulting, digital solutions and engineering services company throughout the lifecycle of defense, space and energy programs, for a total cash compensation of $ 0. 78 million Both companies are based in the UK.

QinetiQ Group is a provider of scientific and technological products and solutions.

Cenkos Securities plc acted as TP’s financial advisor.

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