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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 …

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Deborah Ricci Joins Veritas-Owned PwC Public Sector as CFO; Scott McIntyre Comments

Deborah Ricci, formerly chief financial officer of Constellis, has been appointed to the same role at PwC’s former public sector arm that New York-based private equity firm Veritas Capital acquired in May. She brings to her position 25 years of finance, accounting, contracts, information technology and human resources management experience …

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PwC, Leidos Vet Bettina Garcia Welsh Joins LMI as CFO

Bettina Garcia Welsh, formerly senior vice president and chief audit executive of Leidos (NYSE: LDOS), has joined LMI as chief financial officer at the Tysons, Va.-based nonprofit management consulting firm. The three-decade finance veteran will oversee LMI’s financial operations and support its growth strategy, risk management process and mergers and acquisitions activities. the company said Wednesday. …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Veritas Closes PwC Public Sector Purchase; Ramzi Musallam, Scott McIntyre Comment

New York City-based Veritas Capital has wrapped up its acquisition of PricewaterhouseCoopers‘ U.S. public sector arm that offers strategic advisory services to federal, state and local government agencies. The private equity firm will rename the acquired business once current rebranding efforts are completed, Veritas said Tuesday. “We are excited to start this next stage …

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PwC: Global Aerospace & Defense M&As Reached $15B in Q1 2018

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector hit $15 billion in the first quarter of fiscal 2018, reflecting a 28 percent increase over the previous quarter and a 19 percent rise from the same period last year. PwC reported that global …

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PwC-Microsoft Alliance to Advance New Cybersecurity Portfolio

TYSONS CORNER, VA, April 19, 2018 — PwC and Microsoft (Nasdaq: MSFT) have expanded their alliance to advance a new suite of cybersecurity services and tools that are geared to safeguard customers’ IT networks and data, ExecutiveBiz reported Wednesday. The product portfolio will cover enterprise security architecture, identity and access management, …

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Veritas Capital to Buy PwC’s US Public Sector Business

Veritas Capital has agreed to purchase the U.S. public sector business of PwC for an undisclosed sum. Veritas said Wednesday it will rename and run the business as an independent company once it finalizes the transaction and completes regulatory approvals and other customary closing conditions. The U.S. public sector business will …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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