Houlihan Lokey Advises Integration Innovation

Houlihan Lokey is pleased to announce that Integration Innovation Inc. (i3) has sold its hypersonics business to Lockheed Martin Corp. The transaction closed on November 25, 2020.

Headquartered in Huntsville, Alabama, i3 is a highly specialized provider of advanced engineering and technology solutions that enhance critical national security mission capabilities. The company provides a vast array of innovative engineering and production capabilities in high-priority domains, including hypersonics, C5ISR, cyber, electronic warfare, directed energy, missile defense, and unmanned systems. i3’s hypersonics business is a recognized expert in advancing and developing hypersonic weapons and supports many hypersonic strike and defense programs currently funded across the U.S. Department of Defense. In addition to its design, development, production, and integration capabilities, the company also provides highly specialized ground, launch, flight, and post-flight testing, evaluation, modeling, and simulation services.

Houlihan Lokey served as the exclusive financial advisor to i3. This transaction underscores the strong resilience of the defense and government industry and demonstrates the strong market for companies exhibiting differentiated capabilities in highly prioritized domains, solutions-oriented deliverables, and strategic customers and geographies.

Houlihan Lokey’s Aerospace, Defense & Government (ADG) practice within the global Industrials Group is the leading M&A advisor to aerospace, defense, and government services companies in the United States. Since the beginning of 2019, the ADG practice has closed more than 30 transactions worth more than $7 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey’s ADG practice is among the largest dedicated industry banking groups worldwide. In 2019, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv (formerly known as Thomson Reuters).


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