Aerospace, Defense & Space
Spring 2025
Unmanned Aerial Vehicle M&A Market Update
The strategic use of UAVs is transforming warfare, enabling live targeting capabilities in denied environments, low-cost precision strikes on high value targets, and reduced risk to friendly personnel on the battlefield. Military spending on UAVs is rising, with the U.S. alone investing $4.2B in UAV procurement and $5.9B for research, development, test, and evaluation (“RDT&E”) in FY25.

Trends Driving M&A for Aerospace, Defense & Space
Report Summary
The strategic use of UAVs is transforming warfare, enabling live targeting capabilities in denied environments, low-cost precision strikes on high value targets, and reduced risk to friendly personnel on the battlefield. Military spending on UAVs is rising, with the U.S. alone investing $4.2B in UAV procurement and $5.9B for research, development, test, and evaluation (“RDT&E”) in FY25.
Aerospace, Defense & Space M&A TRENDS
Key Highlights
- Trends in the Unmanned Aerial Vehicle (UAV) Sector
- Recent UAV Sector Transaction Activity
- Meridian Capital AD&S Investment Banking Overview