For in-house counsel

Defence deals, for the legal team.

For general counsel and legal teams at primes, mid-tiers, defence technology companies and their investors: market terms, filed wording and the regulatory points that move a deal.

Randeep Bubbra | Lawyer | Making defence financeable

Four working tools built from filed documents: a financing checklist, a clause library quoted from SEC filings, a government money map and the M&A terms of nine US defence deals, alongside 75 M&A and stake deals on the register.

Where to start

01Financing checklistExport controls, clearances, FOCI, government contracts, ESG and enforcement.02Clause libraryFiled wording on receivables, classified information, FOCI, proxy agreements, debarment and export controls.03Defence M&A termsBreak fees, outside dates, divestiture limits and clearance covenants from nine merger agreements.04Government money mapWhere public money for defence comes from and the deals on file for each.05National security screeningCFIUS, the NSI Act and EU screening in defence M&A.06GlossaryThe terms used in defence finance, export credit and M&A, in plain English.

Latest M&A on file

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

All investments and M&A

Questions counsel ask

Where does the clause wording come from?

Every extract is quoted from a credit agreement, security agreement, proxy agreement or merger agreement filed on SEC EDGAR, links to the document, and is checked against it before it is published.

Are the tools free?

Each tool opens with a free preview. The full tool is free with a work email, along with the full guides and the register downloads.

Can I ask about a specific clause or deal?

Yes. Book 20 minutes with Randeep to talk through how a clause or term compares with the market.

Working on one of these deals? Book 20 minutes with Randeep to see how your terms compare with the market. General information, not legal advice.