Share this
A&D Weekly News & Transactions - Week 52
Industry Headline News
A Jeju Air Boeing 737-800 crashed at Muan International Airport in South Korea on December 29, 2024, after attempting to land with its landing gear retracted
Dec. 29, 2024 - The aircraft, carrying 175 passengers and six crew, collided with a concrete wall, killing 179 people, while two crew members survived. Investigators recovered flight data and cockpit voice recorders, and the incident remains the deadliest aviation accident of 2024. (Aviation Week)
Dec. 29, 2024 - The aircraft, carrying 175 passengers and six crew, collided with a concrete wall, killing 179 people, while two crew members survived. Investigators recovered flight data and cockpit voice recorders, and the incident remains the deadliest aviation accident of 2024. (Aviation Week)
Turkish drone maker Baykar has acquired Italy's Piaggio Aerospace, a company under government-controlled administration since 2018, to revitalize its industrial prospects
Dec. 27, 2024 - Baykar's bid was chosen for its commitment to preserving jobs and expanding aircraft production, support, and engine manufacturing. Financial details of the deal were not disclosed. (Reuters)
Dec. 27, 2024 - Baykar's bid was chosen for its commitment to preserving jobs and expanding aircraft production, support, and engine manufacturing. Financial details of the deal were not disclosed. (Reuters)
China has unveiled two new advanced combat aircraft in test flights, as seen in Dec. 26 social media posts
Dec. 26, 2024 - One appears to be a stealthy, three-engine regional bomber with innovative design features like split rudders for yaw control, while the other is a traditional fighter possibly linked to sixth-generation development. These advancements showcase China's growing aerospace capabilities but remain unconfirmed by official sources. (Aviation Week)
Dec. 26, 2024 - One appears to be a stealthy, three-engine regional bomber with innovative design features like split rudders for yaw control, while the other is a traditional fighter possibly linked to sixth-generation development. These advancements showcase China's growing aerospace capabilities but remain unconfirmed by official sources. (Aviation Week)
The Defense Department’s ambitious plan to launch hundreds of smaller military satellites over the next decade has exposed significant vulnerabilities in the U.S. space industrial base
Dec. 26, 2024 - Efforts are underway to address these issues by diversifying suppliers, purchasing long-lead items early, and improving production efficiency, but delays in programs like the Space Development Agency’s Proliferated Warfighter Space Architecture highlight the challenges of scaling the industry to meet demand. Addressing these constraints will require coordinated efforts across government and industry to ensure resilience in space systems and meet future defense needs. (DefenseScoop)
Dec. 26, 2024 - Efforts are underway to address these issues by diversifying suppliers, purchasing long-lead items early, and improving production efficiency, but delays in programs like the Space Development Agency’s Proliferated Warfighter Space Architecture highlight the challenges of scaling the industry to meet demand. Addressing these constraints will require coordinated efforts across government and industry to ensure resilience in space systems and meet future defense needs. (DefenseScoop)
An Azerbaijan Airlines Embraer 190 crashed during an emergency landing near Aktau, Kazakhstan, killing 38 of the 67 people onboard
Dec. 25, 2024 - Flight data suggests possible flight control issues or external factors, with the aircraft showing erratic altitude changes before the crash. Azerbaijan Airlines has suspended specific routes pending investigation, while authorities are working to determine the cause of one of the worst E190 crashes to date. (Aviation Week)
Weekly Transaction Review
No. | Parties Involved | Transaction Metrics | Location | Segment | ||
Target [Parent] Acquirer [Parent] |
Price ($M) |
Price/ Revenue |
Price/ EBITDA |
Target | Target | |
1 | Paulo Products Group Aalberts |
- | - | - | Saint Louis, MO | Machined & Cast Parts |
2 | Piaggio Aerospace Baykar Technologies |
- | - | - | Villanova D'albenga, Italy |
Aerostructures |
3 | Sivaltech Trident Techlabs |
- | - | - | San Diego, CA | Defense Electronics |
4 | Air Works Adani Group |
$47.0 | - | - | Gurugram, India |
MRO & Logistics |
No. | Target Descriptions |
1 | Paulo Products Group offers heat treating, brazing, and metal finishing services to enhance the performance of metal components. The company serves the aerospace, automotive, and defense markets. |
2 | Piaggio Aerospace designs and manufactures turboprop aircraft and engines, specializing in the P.180 Avanti series for civil and defense markets. The company also provides MRO services supporting special mission applications. |
3 | Sivaltech offers semiconductor design, verification, and physical design services, focusing on ASIC, FPGA, and system-level solutions. The company delivers expertise in advanced node technologies and chip verification methodologies. The company serves defense and other critical markets including automotive, telecommunications, consumer electronics, and industrial. |
4 | Air Works provides maintenance, repair, and overhaul services for aircraft, focusing on operational efficiency and safety. The company offers line and base maintenance, modifications, and asset management solutions. The company serves commercial, defense, and general aviation markets. |
Selected Janes Capital Partners A&D Experience