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M&A terms · Updated 28 Oct 2026

Defence M&A terms from the filed agreements

Defence deals carry risks most M&A does not: antitrust review of a small set of primes, foreign ownership rules for cleared businesses, and export licences that follow the technology. The merger agreements show how buyers and sellers priced those risks. This tool sets out the key terms of nine US defence deals from 2020 to 2025, each quoted from the agreement filed on SEC EDGAR and linked to the source.

Randeep Bubbra | Lawyer | Making defence financeable

The deals

SignedDeal
20 Dec 2020Lockheed Martin / Aerojet Rocketdyne
17 Dec 2022L3Harris / Aerojet Rocketdyne
4 Jan 2021Teledyne / FLIR Systems
18 Jan 2024Arcline / Kaman
21 Jun 2022Leonardo DRS / RADA
18 Nov 2024AeroVironment / BlueHalo
15 Aug 2024Lockheed Martin / Terran Orbital
20 Jan 2025Redwire / Edge Autonomy
5 Oct 2025Firefly Aerospace / SciTec
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The rest of this tool covers the deal-by-deal table, the filed wording for every term with a link to the agreement, and what the patterns mean for your next deal. It is free with a work email, along with the full guides and the register downloads.

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General information on public documents and law as at 28 Oct 2026, not legal advice on any transaction. Filed wording is quoted from the public document linked to it.