InfraDefenceThe capital behind defence.
Bank

PNC

27 defence financings on file (16 as co-manager, 11 as bookrunner), about US$13.5bn of deals led.

Borrowers and issuers: Textron, Lockheed Martin, General Dynamics, Booz Allen Hamilton, Leidos, Huntington Ingalls Industries.

Financings

DateFinancingTypeAmount
30 Jul 2026Booz Allen Hamilton US$1,200m senior notes (2 tranches)BondUS$1.2bn
20 Feb 2026Leidos US$1,400m senior notes (2 tranches)BondUS$1.4bn
29 Oct 2025Textron US$500m senior notes (1 tranche)BondUS$500m
24 Jul 2025Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
30 Apr 2025General Dynamics US$750m 4.950% notes due 2035BondUS$750m
13 Mar 2025Booz Allen Hamilton US$650m 5.950% senior notes due 2035BondUS$650m
18 Feb 2025Leidos US$1,000m senior notes (2 tranches)BondUS$1bn
11 Feb 2025Textron US$500m senior notes (1 tranche)BondUS$500m
5 Dec 2024Lockheed Martin US$1,000m senior notes (2 tranches)BondUS$1bn
14 Nov 2024Huntington Ingalls Industries US$1,000m senior notes (2 tranches)BondUS$1bn
26 Jan 2024Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
8 Nov 2023Textron US$350m senior notes (1 tranche)BondUS$350m
3 Aug 2023Booz Allen Hamilton US$650m 5.950% senior notes due 2033BondUS$650m
24 May 2023Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
17 Feb 2023Leidos US$750m 5.750% notes due 2033BondUS$750m
20 Oct 2022Lockheed Martin US$4,000m senior notes (5 tranches)BondUS$4bn
22 Apr 2022Lockheed Martin US$2,300m senior notes (3 tranches)BondUS$2.3bn
5 May 2021General Dynamics US$1,500m senior notes (3 tranches)BondUS$1.5bn
4 Aug 2020Textron US$500m senior notes (1 tranche)BondUS$500m
25 Mar 2020General Dynamics US$4,000m senior notes (5 tranches)BondUS$4bn
11 Mar 2020Textron US$650m 3.0% notes due 2030BondUS$650m
1 May 2019Textron US$300m 3.900% notes due 2029BondUS$300m
10 May 2018General Dynamics US$7,500m senior notes (7 tranches)BondUS$7.5bn
8 Nov 2017Textron US$350m floating rate notes due 2020BondUS$350m
12 Sep 2017Textron US$300m 3.375% notes due 2028BondUS$300m
28 Feb 2017Textron US$350m 3.650% notes due 2027BondUS$350m
7 Mar 2016Textron US$350m 4.000% notes due 2026BondUS$350m

Roles come from the filings and announcements cited on each record. Volumes are full deal sizes, not this lender's share.

Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

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