
M&A Transactions
AIM MRO Holdings, Inc., a portfolio company of AE Industrial Partners, LP, has acquired Advanced Air West Palm Beach, Inc., a provider of custom replacement bushings, sleeves, and fasteners within commercial aerospace and defense markets. Terms of the transaction were not disclosed.
Anduril Industries has agreed to acquire ExoAnalytic Solutions, a provider of space-domain awareness solutions for private sector and U.S. federal government defense, environmental, and missile defense markets. Terms of the transaction were not disclosed.
Applied Aerospace & Defense, a portfolio company of Greenbriar Equity Group, L.P., has acquired Ultracor Inc., a provider of specialized honeycomb core materials used in complex bonded composites within commercial aerospace and defense markets. Terms of the transaction were not disclosed.
Breakthrough Technologies for Mission Success ("BTMS") has acquired Integrity Consulting, Engineering & Security Solutions ("ICESS"), a provider of force protection, antiterrorism, resiliency, and survivability solutions for U.S. federal government homeland defense and national security markets. Terms of the transaction were not disclosed.
HavocAi, Inc. has acquired Mavrik, Inc., a provider of Group 1 and Group 3 unmanned aerial systems ("UAS") within defense markets. Terms of the transaction were not disclosed.
Ondas Holdings, Inc. has agreed to acquire Mistral, Inc., a provider of unmanned systems procurement, advanced mission equipment integration, defense electronics, survivability and mobility enhancements, and lifecycle sustainment services within defense markets. The transaction is valued up to $175 million.
Trident Systems, Inc., a portfolio company of ATL Partners, has acquired Ibeos, a provider of space-qualified power systems, flight computers, processing and data storage units, and high-density batteries within defense markets. Terms of the transaction were not disclosed.
Woodward, Inc. (NASDAQ: WWD) has agreed to acquire Valve Research and Manufacturing Co., a provider of high-precision flow control valves within commercial aerospace and defense markets. Terms of the transaction were not disclosed.
X-Bow Systems Inc. has agreed to acquire Evolution Space, Inc., a provider of advanced manufactured solid rocket motors ("SRMs") and launch systems within defense markets. Terms of the transaction were not disclosed.

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