GCG’s Q3 2025 A&D Industry Update provides an overview of the latest trends in the sector, including recent equity market performance, valuation multiples, and transaction activity.

Select highlights include the following:

• Key headlines for the industry in Q3 include: Lockheed Martin’s record $9.8B PAC-3 MSE Patriot Missile award, Raytheon’s $5B Coyote interceptor contract, Boeing Defense labor strikes disrupting production, and a major executive order accelerating competition and regulatory reform in the commercial space sector.
• The A&D industry continued to show strong public market performance in Q3 2025, with all major sectors outperforming broader indices and benefiting from geopolitical demand, commercial aerospace recovery, and advancing defense technologies.
• There were 87 transactions in the quarter compared to 86 in Q2, including ADI/AAR, Trexon/Amphenol, Gables Engineering/HEICO, United Titanium/Riverspan, and Hanmar/Alpha Metalcraft Group.

See here for all Aerospace & Defense News and Updates

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