Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

PwC: Aerospace, Defense M&A Deal Value Hit $24.2B in First Half of 2018

A new PwC report says the value of merger and acquisition deals in the global aerospace and defense industry reached $24.2 billion during the first half of 2018, a figure that reflects a 30 percent rise over the same period last year.

PwC said the number of M&A transactions in the A&D sector dropped by 17 percent to 187 deals in the first half of this year, which remains 4 percent higher than the 10-year deal volume average per year.

The report noted that the sector’s average M&A deal size was $315 million in the first two quarters of 2018, representing a 50 percent increase over the first half of 2017.

PwC said that figure can be attributed to General Dynamics’ (NYSE: GD) $9.7 billion acquisition of CSRA and the and the agreement Boeing (NYSE: BA) unveiled in May to buy aviation parts and services provider KLX for approximately $4.2 billion, including $1 billion in net debt.

“We believe the factors impacting commercial aerospace and defense, as well as the industry’s liquidity position, bode well for continued strength in deal making,” said Bob Long, U.S. aerospace and defense deals leader at PwC.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Financial Reports

Related Articles