Author: Mary-Louise Hoffman|| Date Published: July 8, 2021
Defense companies will likely continue to pursue mergers and acquisitions as geopolitical issues evolve, even though defense spending remains essential flat for the rest of 2021, according to PwC’s midyear outlook report.
The professional services firm reports the aerospace and defense industry saw record values and volumes of M&A activity during the first quarter of the year.
PwC also predicts that more aerospace and defense deals with special purpose acquisition companies could emerge in the near term,
John Potter, deals sector leader for PwC’s U.S. arm, noted in a video clip that the nature of capital, a commitment to purpose and talent, geopolitical and regulatory shifts, and innovation and transformation are the key pervasive elements in the current deal environment.
“Geopolitical tensions will continue to support defense dealmaking despite a flat budget, but we believe commercial activity will be the key driver over the remainder of the year as companies position themselves alongside a post-pandemic recovery,” said Bob Long, leader of PwC US A&D deals.
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