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Read the latest Aerospace & Defense Quarterly Report from Janes Capital Partners. The report provides topical coverage of the Aerospace & Defense industry, providing news briefs, developments of key platforms, analytics supporting M&A trends and an in-depth analysis of featured transactions and acquirers in the Aerospace & Defense industry. The Q1 2021 edition delves into the details and strategic drivers behind Teledyne’s acquisition of FLIR Systems and an update on active A&D acquirer CAE Inc. (TXS:CAE).
Executive Summary
There were 141 A&D deals announced in Q1 2021, which was an increase from the number of deals announced during Q4 2020.
Year-over-year quarterly transaction volume increased by 38.2% compared to the 102 deals announced during Q1 2020.
Average disclosed deal size during the quarter increased to $1,256 million compared to $463 million during Q4 2020.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (20 deals)
- Cybersecurity, Intelligence Services, and Homeland Defense (18 deals)
- Defense Electronics (18 deals)
- Components & Subsystems (14 deals)
- MRO & Logistics (12 deals)
The top 3 segments in terms of disclosed transaction values were:
- Government Services, IT Services, and Software ($13,522 million)
- Defense Electronics ($12,087 million)
- Sensors & C4ISR ($7,987 million)