View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Analysis
October 6, 2021updated 13 Dec 2021 10:09am

These were the biggest airforce equipment and technologies deals in the three months to August

There were seven deals recorded involving top air force equipment and technologies companies in the three months to August.

By Michael Goodier

 

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

That’s according to GlobalData’s Financial Deals database, which tracks market activity across a variety of sectors and deal types.

The deals below only include those that have been completed – so excludes rumours or those that have been agreed but not yet executed.

The figures, which cover the top airforce equipment and technologies companies, show the market in the US to be the most active, with five deals taking place over the last three months. That was followed by France, which saw one deal.

Below are some of the largest completed deals to have taken place in the last quarter.

Acquisitions

Huntington Ingalls Industries Acquires Alion Science and Technology - 06 July ($1,650m)

Huntington Ingalls Industries Inc, a military shipbuilding company, has acquired Alion Science and Technology Corporation, a provider of advanced engineering and R&D services in the areas of ISR, military training and simulation, cyber, data analytics and other next-generation technology-based solutions, for USD1.65 billion in cash, from Veritas Capital. All companies are based in the US.

Veritas Capital is a private equity firm.

Following the transaction, Alion will become part of Huntington Ingalls Industries' Technical Solutions division. Expect to fund the purchase price through a combination of new senior notes and a new term loan facility.

Credit Suisse acted as financial advisor and Jones Day served as legal counsel to Huntington Ingalls Industries. Renaissance Strategic Advisors and Arena Strategic Advisors acted as advisors to Huntington Ingalls Industries. Macquarie Capital acted as financial advisor and Milbank served as legal counsel to Alion Science and Technology.

Deal History: Announced: On July 6, 2021, Huntington Ingalls Industries has entered into a definitive agreement to acquire Alion Science and Technology Corporation from Veritas Capital.

Frequentis Acquires C4i from L3Harris - 30 July

Frequentis, an Austrian developer and marketer of communication and information systems has acquired C4i Pty Limited, a provider of communications software from L3Harris.

L3Harris Technologies is a technology company, defence contractor and information technology services, provider.

Following the transaction, C4i will operate as an independent brand in the high-end Defence trusted supplier market with a specific focus on the US, Australia, UK, and allied markets.

CAE Acquires Global Jet Services (GlobalJet Services) - 04 August

CAE Inc, a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, healthcare specialists, and defence customers, has acquired Global Jet Services, Incorporated (GlobalJet Services), a US-based provider of aviation maintenance training.

Venture financing

Fiddler Labs Secures USD32 Million in Series B Funding - 17 June ($32m)

Fiddler Labs Inc, a US-based provider of an artificial intelligence (AI) experiences platform for companies, has secured USD32 million in Series B funding led by Insight Partners with participation from existing investors Lightspeed Venture Partners, Lux Capital, Haystack Ventures, Bloomberg Beta, Lockheed Martin, and The Alexa Fund.

In conjunction with the funding, George Mathew, Managing Director at Insight Partners, will join Fiddler's Board.

Krishna Gade is the CEO and Amit Paka is the CPO of Fiddler Labs.

Latent AI Secures USD19 Million in Series A Funding - 10 August ($19m)

Latent AI Inc, a US-based developer of an efficient interference platform designed to support the tenants of adaptive AI for a sharp edge, has secured USD19 million in Series A funding, led by Future Ventures and Blackhorn Ventures.

In addition, Booz Allen, Lockheed Martin, 40 North Ventures and Autotech Ventures also participated in the funding.

Hidden Level Secures USD17.6 Million in Series A Funding - 22 June ($18m)

Hidden Level Inc, a US-based developer of scalable sensor infrastructure capable of monitoring low altitude airspace with unprecedented capability, has secured USD17.6 million in Series A funding led by Lobby Capital, along with participation from Alsop Louie Partners, Lauder Partners LLC, Lockheed Martin Corp, Pipeline Capital Partners, Quest Venture Partners LLC and others.

Hidden Level has now raised over USD21 million in venture capital to date.

Jeff Cole is the chief executive officer (CEO) of Hidden Level.

Thales Raises USD2.5 Million in Seed Funding - 14 July ($2m)

Thales Group, a French provider of services for the aerospace, defence, transportation and security markets, has raised USD2.5 million in a seed funding round led by Framework Ventures and Apollo Capital and also participation from other venture capital contributors including LD Capital, Honey DAO, the LAO, Zee Prime Capital, IOSG Ventures, D64 Ventures, and Koji Capital.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The defence industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Airforce Technology