Guided Munitions & Smart Weapons
Manufacturers of precision-guided munitions and smart weapon systems.
Market snapshot
These figures describe Missiles, Munitions & Ordnance (5.1.9), the segment that Guided Munitions & Smart Weapons sits within — not Guided Munitions & Smart Weapons on its own.
- Market size
- ~$60B
- Growth
- ~7.6%CAGR (2017–22, nominal)
- Companies
- ~970
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 336414/336415/336419 (missiles) + 332992/332993/332994 (ammunition/ordnance) + 325920 (explosives).
Business model & economics
Revenue model
Defense procurement contracts for missiles and munitions
Key economics
- Recurring revenue
- High
- EBITDA margin
- Program-margin-driven
- Capex intensity
- High
multi-year procurement programs
Characteristics
- Among the fastest-growing defense segments.
- Ukraine support and stockpile replenishment drive demand.
- Multi-year capacity expansion the defining theme.
Geographic concentration
Missiles, munitions, and ordnance concentrate in the defense-aerospace centers — Colorado, California, Washington, and Florida — anchored by the major missile and space-defense programs.
U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 336414/336415/336419. Concentration shown by location quotient.
M&A deal context
Who’s acquiring
- Defense primes
- Munitions & ammunition specialists
- PE-backed defense suppliers
What’s driving deals
- Munitions-replenishment budget surge.
- Capacity-expansion investment.
- Consolidation around primes and specialists.
Find Guided Munitions & Smart Weapons acquisition targets
Search Acquisera’s index for companies classified under Guided Munitions & Smart Weapons (5.1.9.1) and build a targeted deal pipeline.
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