Stout is pleased to present our Aerospace, Defense, and Government Services Industry Update for Q3 2025. We hope that you find this report helpful and that it serves as a valuable resource to you in staying up to date on the market. We look forward to staying in touch and encourage you to contact us directly if you would like to discuss our perspectives on current market trends or potential M&A opportunities, or to discuss our relevant advisory experience.

Overview for This Edition

• Macro Backdrop
• Industry News & Developments
• Public Markets Performance
• M&A Trends and Insights
• Q3 Transactions Recap
• Stout ADGS Sector Indices