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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 2023 edition delves into the details and strategic drivers behind TransDigm’s acquisition of Calspan, an update on active A&D acquirer L3Harris (NYSE:LHX), and a look into the latest information on the Boeing E-7 Wedgetail program.
Executive Summary
There were 99 A&D deals announced in Q1 2023, which was an increase from the number of deals announced during Q4 2022.
Year-over-year quarterly transaction volume decreased by 18.2% compared to the 154 deals announced during Q1 2022.
Average disclosed deal size during the quarter decreased to $208 million compared to $815 million during Q4 2022.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (29 deals)
- Machined & Cast Parts (13 deals)
- MRO & Logistics (12 deals)
- Cybersecurity, Intelligence Services and Homeland Defense (10 deals)
- Defense Electronics (5 deals)
The top 3 segments in terms of disclosed transaction values were:
- Government Services, IT Services and Software ($1,595 million)
- Test & Measurement ($725 million)
- Defense Electronics ($250 million)