InfraDefenceThe capital behind defence.
Bank

TD Securities

28 defence financings on file (14 as co-manager, 14 as bookrunner), about US$23.9bn of deals led.

Borrowers and issuers: Lockheed Martin, L3Harris Technologies, General Dynamics, Booz Allen Hamilton, Leidos, Northrop Grumman, Huntington Ingalls Industries, Harris Corporation.

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
24 Jul 2025Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
28 May 2025Northrop Grumman US$1,000m senior notes (2 tranches)BondUS$1bn
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
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
31 Jul 2024L3Harris Technologies US$6,684m senior notes (8 tranches)BondUS$6.68bn
13 Mar 2024L3Harris Technologies US$750m senior notes (1 tranche)BondUS$750m
31 Jan 2024Northrop Grumman US$2,500m senior notes (3 tranches)BondUS$2.5bn
26 Jan 2024Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
3 Aug 2023Booz Allen Hamilton US$650m 5.950% senior notes due 2033BondUS$650m
31 Jul 2023L3Harris Technologies US$3,250m senior notes (3 tranches)BondUS$3.25bn
24 May 2023Lockheed Martin US$2,000m senior notes (3 tranches)BondUS$2bn
17 Feb 2023Leidos US$750m 5.750% notes due 2033BondUS$750m
7 Feb 2023Northrop Grumman US$2,000m senior notes (2 tranches)BondUS$2bn
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
13 Nov 2020L3Harris Technologies US$650m 1.800% notes due 2031BondUS$650m
18 May 2020Lockheed Martin US$1,150m senior notes (2 tranches)BondUS$1.15bn
25 Mar 2020General Dynamics US$4,000m senior notes (5 tranches)BondUS$4bn
13 Nov 2019L3Harris US$400m 2.900% notes due 2029BondUS$400m
25 May 2018Harris Corporation US$850m 4.400% notes due 2028BondUS$850m
10 May 2018General Dynamics US$7,500m senior notes (7 tranches)BondUS$7.5bn
17 Nov 2015Lockheed Martin US$7,000m senior notes (6 tranches)BondUS$7bn

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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