List of 44 PE Backed Defense Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
Cubic PE Backed Veritas Capital 2021-02-08 $2.8B San Diego, California, United States website	Defense	1,476	17	17	-
VTG PE Backed Alvarez & Marsal Capital Partners 2023-09-19 Chantilly, Virginia, United States website	Defense	-	13	13	-
HDT Global PE Backed Nexus Capital Management 2021-05-18 Solon, Ohio, United States website	Defense	-	10	9	1
Cobham PE Backed Advent International 2020-01-22 $6.1576B Dorset, United Kingdom website	Defense	2,868	17	6	11
Spectra PE Backed Vance Street Capital 2021-02-18 Alpharetta, Georgia, United States	Defense	-	4	4	-
Aero Precision PE Backed White Wolf Capital 2013-11-08 Tacoma, Washington, United States website	Defense	-	3	3	-
Arotech PE Backed Albion River 2025-02-03 Ann Arbor, Michigan, United States website	Defense	97	3	3	-
Sayres and Associates PE Backed Broadtree Partners Granite Creek Partners Gold Ridge Asset Management JPMorgan Chase 2021-08-02 Washington, District of Columbia, United States website	Defense	-	2	2	-
Action Target PE Backed Dubin Clark Praesidian Capital 2016-01-10 Provo, Utah, United States website	Defense	-	1	1	-
Capewell Aerial Systems PE Backed Argosy Private Equity Ironwood Capital 2018-09-07 South Windsor, Connecticut, United States website	Defense	-	1	1	-
Iten Defense PE Backed Edgewater Capital Partners 2020-01-01 Ashtabula, Ohio, United States website	Defense	-	1	1	-
Exens Solutions PE Backed FCDE 2022-03-17 Villebon-Sur-Yvette, France website	Defense	-	1	1	-
Nautilus Integrated Solutions PE Backed Compass Partners Ironwood Capital 2019-07-25 South Windham, Connecticut, United States website	Defense	-	1	1	-
Karman PE Backed Trive Capital 2021-01-26 Mukilteo, Washington, United States website	Defense	-	1	1	-
T2S Solutions PE Backed Madison Dearborn Partners 2023-11-29 Belcamp, Maryland, United States website	Defense	-	1	1	-
Armor Express PE Backed SBJ Capital 2015-07-10 Arlington, Virginia, United States website	Defense	-	-	-	-

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