Defence finance, deal by deal · 2015 to 2026
Defence finance, deal by deal.
Every bond, loan, export credit, government facility, acquisition and equity round across the defence industrial base since 2015. Each one is checked against the issuer's own documents.
134financings on file
US$190bnfunded debt and government money
75M&A, stake and JV deals
97equity rounds and listings
Volume by year
The money behind the defence build-out
Bonds, convertibles, bank and acquisition debt, export credit and government money, by year of signing or issue. Equity and M&A sit in their own section and are not counted here.
How the register is builtGovernment finance · 29 May 2026Poland receives first €6.6bn SAFE disbursement€6.6bnExport credit · 2 Mar 2025UK Export Finance-backed £1.6bn financing for Ukraine's LMM air defence missiles£1.6bnBond · 24 Jul 2025Lockheed Martin US$2,000m senior notes (3 tranches)US$2bnBank facility · 8 Oct 2026Rheinmetall €1.5bn syndicated revolving credit facility€1.5bn
Latest financings
All 134| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Office of Strategic Capital conditional loan: PsiQuantum (US$150m) | Government finance | US$150m |
| 8 Oct 2026 | Rheinmetall €1.5bn syndicated revolving credit facility | Bank facility | €1.5bn |
| 7 Oct 2026 | Office of Strategic Capital conditional loan: Wolfspeed (US$1,500m) | Government finance | US$1.5bn |
| 23 Sep 2026 | Saab €300m 4.25% EMTN bond due 2033 | Bond | €300m |
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| 7 Aug 2026 | Office of Strategic Capital conditional loan: Niron Magnetics (US$150m) | Government finance | US$150m |
| 7 Aug 2026 | Office of Strategic Capital conditional loan: Sila Nanotechnologies (US$1,400m) | Government finance | US$1.4bn |
| 7 Aug 2026 | Office of Strategic Capital conditional loan: Sunrise Energy Metals (US$400m) | Government finance | US$400m |
Latest M&A and investment
All 172| Date | Deal | Type | Value |
|---|---|---|---|
| 24 Aug 2026 | Booz Allen acquisition of Ultra I&C Mission Solutions | M&A | US$720m |
| 28 Jul 2026 | Leonardo DRS acquisition of Raft | M&A Announced | US$450m |
| 18 Mar 2026 | Leonardo acquisition of Iveco Defence Vehicles | M&A | €1.6bn |
| 9 Mar 2026 | CACI acquisition of ARKA Group | M&A | US$2.6bn |
| 1 Mar 2026 | Rheinmetall acquisition of NVL (Naval Vessels Lürssen) | M&A | Not disclosed |
| 5 Feb 2026 | Karman acquisition of Seemann Composites and Materials Sciences | M&A | US$220m |
| 31 Dec 2025 | TransDigm acquisition of Stellant Systems | M&A Announced | US$960m |
| 30 Dec 2025 | Indra acquisition of 89.68% of Hispasat | M&A | €725m |
Who it is for
Built for the people who sign the documents
Every record links to the filing, release or regulator notice it comes from. No estimates dressed up as facts, and no secondary sources where a primary one exists.
- Treasurers and CFOs at primes, mid-tiers and defence technology companies
- Banks, private credit funds and export credit agencies building defence books
- In-house counsel who need market terms, precedents and the government money map
- Investors tracking consolidation, capital raising and the new defence technology names
InfraDefence Weekly
The week's defence financings and deals, with what they mean for borrowers, lenders and counsel. Free with a work email.