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Quarterly Report - Q1 2024
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 2024 edition delves into the details and strategic drivers behind Arcline's acquisition of Kaman, an update on active A&D acquirer VSE Corporation, and a look into the latest information on the Kratos' XQ-58 Valkyrie platform.
Executive Summary
There were 101 A&D deals announced in Q1 2024, which was an increase from the number of deals announced during Q4 2023.
Year-over-year quarterly transaction volume increased by 2.0% compared to the 99 deals announced during Q1 2023.
Average disclosed deal size during the quarter increased to $3031 million compared to $988 million during Q4 2023.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (29 deals)
- Machined & Cast Parts (16 deals)
- MRO & Logistics (12 deals)
- Defense Electronics (7 deals)
- Cybersecurity, Intelligence Services and Homeland Defense (5 deals)
The top 3 segments in terms of disclosed transaction values were:
- Government Services, IT Services, and Software ($53,919 million)
- Connectors ($2,025 million)
- Components & Subsystems ($1,911 million)