Hello, Guest!
  • Friday, November 22, 2024

PwC: Aerospace, Defense M&A Deal Value Hit $93.8B in 2019

Jeff Brody

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $93.8B in 2019, reflecting a 62 percent increase from the previous year.

PwC said the global A&D sector recorded a total of 447 M&A transactions last year with an average deal size of $539.2M, showing a 68 percent rise from the prior year.

The professional services firm associated the increase in 2019 deal values with the proposed all-stock merger deal between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX).

"Strong defense spending and commercial air travel trends appear to be supporting confidence in deal making and we see that confidence continuing into Q1 2020 absent any major heightening in the recent Middle East tensions or other geopolitical developments,” said Bob Long, U.S. aerospace and defense deals leader at PwC.

The report noted that C4ISR and modernization in the defense area is one of the “bright spots” expected to manifest in 2020.

Video of the Day

Related Articles

Paul Shew Appointed Cubic Mission & Performance Solutions President Executive Moves

Paul Shew Appointed Cubic Mission & Performance Solutions President

Paul Shew, formerly a senior vice president at CAES, will officially assume his new role as president of Cubic’s mission and performance solutions segment on Jan. 9. He will report to Stevan Slijepcevic, president and CEO of Cubic, and oversee the strategic vision, product lines, growth initiatives and expansion efforts at CMPS, the company said

Former L3Harris CIO Omar Meguid Appointed BWXT SVP, Chief Digital Officer Executive Moves

Former L3Harris CIO Omar Meguid Appointed BWXT SVP, Chief Digital Officer

Omar Meguid, an information technology professional with 35 years of industry experience, has joined BWX Technologies (NYSE: BWXT) as senior vice president and chief digital officer. His appointment took effect at the start of 2023 and he will oversee BWXT’s digital platform, which supports business activities in North America and the U.K, the company said Tuesday.

Maria Lee to Succeed Greg Gardner as Lockheed Martin Investor Relations VP Executive Moves

Maria Lee to Succeed Greg Gardner as Lockheed Martin Investor Relations VP

Maria Ricciardone Lee, a corporate finance executive with two decades of industry experience, has been appointed to succeed Greg Gardner as vice president of investor relations at Lockheed Martin (NYSE: LMT). She will assume the position on Oct. 17 while Gardner will stay at Lockheed until he retires on Dec. 31 after a 37-year career,