Top 5 Aerospace & Defense Strategic Buyers - Last 3 Years

Top 5		Most Active A&D Strategic Buyers - Last 3 Years
Rank	Buyer	Headquarters	Employees	Market Cap ($M)	Total Deals	US	Int'l	Disclosed M&A TEV ($M)	Targets Acquired
1	HEICO	Hollywood, FL	9,000	$30,970	11	9	2	$2,150	Pioneer Industries Flight Microwave Pioneer Aerospace Accurate Metal Machining Exxelia Charter Engineering Sensor Systems Trad Sarl Saje Enterprises Wencor Group Cockpit & Legacy Displays Product Lines of Sunshine Avionics
T2	Airbus	Toulouse, France	134,000	$132,000	6	0	6	ND	Dsi Datensicherheit VAS Aero Services Composite Thermo-Compression Business of Tecalemit Aerospace Aerovel Airbus Oneweb Satellites INFODAS
T2	Safran	Paris, France	83,000	$79,000	6	0	6	$2,036	Orolia Syrlinks Actuation and Flight Control Business of Collins Aerospace Avionics Electrical Systems Business of Thales 3D Metal Forming Preligens
T2	TransDigm	Cleveland, OH	14,400	$55,960	6	3	3	$3,322	Dart Aerospace Astronautics Corporation of America's Electromechnical Indicator Product Line Calspan Electron Device Business of CPI SEI Industries, Raptor Scientific
5	Honeywell	Charlotte, NC	98,000	$134,000	4	2	2	$7,067	SCADAfence Global Access SolutionsBusiness of Carrier Global Civitanavi Systems Cobham Advanced Electronic Solutions