M&A Trends

Markon acquires cyber tool developer

Markon grows its workforce to around 600 people with this transaction, the newest in a handful of them with Sterling Investment Partners' backing.

VTG acquires another intel-focused firm

The purchase of Miklos Systems is VTG's fifth of 2025 and adds software, cloud, data and other services for intelligence community agencies.

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IonQ invests in maker of hydrogen-powered drones

Heven AeroTech will ad quantum sensors and other related technologies into the vehicles.

Voyager acquires rocket motor, energetics supplier

Estes Energetics is the U.S.’ only producer of military-grade black powder, a key ingredient for the onshore integration and assembly of defense systems that the Pentagon wants more of.

Quiet Professionals, Spathe Systems join forces

The combined company now touts a 400-person workforce and is carrying out this move with McNally Capital's backing.

Quindar closes $18M Series A round for classified business push

The three-year-old software developer's network of backers includes Washington Harbour Partners and the venture arm of Booz Allen Hamilton.

ShorePoint gets CM Equity Partners' backing

The Treasury Department is by far the largest customer for this eight-year-old cyber specialist, which is looking to do more across government.

Chaos Industries collects $510M in Series D round

The three-year-old counter-drone tech specialist, is led by a co-founder of Epirus, another defense tech unicorn.

York Space Systems files for public offering

Founded in 2012 by CEO Dirk Wallinger, this small satellite maker is looking to capture a similar type of investor interest that Firefly Aerospace and Voyager Technologies received in their IPOs.

Coding, autonomy and a new fund highlight a week of venture moves

Two companies tout their newest rounds of investment capital, while a veteran-led venture firm announces its third fund for backing early-stage firms.

Veritas Capital to acquire MetroStar Systems

MetroStar was originally founded in 1999 to help agencies get a handle on Y2K and has since evolved into more of an enterprise IT services provider.

BigBear pushes into agentic AI arena with $250M acquisition

In talking with Wall Street, CEO Kevin McAleenan describes the purchase of Ask Sage as one focused on gaining more capability to help agencies deploy secure artificial intelligence at scale.

Deloitte backs aerospace company to expand drone capacity

Deloitte and Kihomac are looking at infrastructure inspection, emergency response, and defense and security as use cases for their partnership.

Intuitive Machines looks beyond the Moon with $800M acquisition

Intuitive Machines is buying Lanteris Space Systems, the former Maxar Space Systems, to bring in more satellite manufacturing heft that can complement the data and services offerings.

ICF holds to its 2025 outlook as shutdown drags on

In talking with Wall Street, CEO John Wasson describes technology modernization efforts as continuing and programmatic work as more impacted at its largest federal client.

Arlington Capital fetches $6B for its seventh fund

The private equity firm's most recent high-profile action in the market was its sale of BlueHalo to AeroVironment.

Lockheed to invest $50M in maritime drone maker

Saildrone is designing a larger-class vessel for the future demonstration of a combined capability.