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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 2025 edition delves into the details and strategic drivers behind Warburg Pincus & Berkshire Partners acquisition of Triumph, an update on active A&D acquirer Anduril Industries, Inc., and a look into the latest information on the F-47 Next Generation Air Dominance (NGAD).
Executive Summary
There were 109 A&D deals announced in Q1 2025, which was an increase from the number of deals announced during Q4 2024.
Year-over-year quarterly transaction volume increased by 7.9% compared to the 101 deals announced during Q1 2024.
Average disclosed deal size during the quarter decreased to $639 million compared to $633 million during Q4 2024.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services and Software (25 deals)
- MRO & Logistics (17 deals)
- Machined & Cast Parts (15 deals)
- Defense Electronics (8 deals)
- Unmanned Vehicles (7 deals)
The top 3 segments in terms of disclosed transaction values were:
- Component & Subsystems ($3,382 million)
- MRO & Logistics ($2,073 million)
- Satellite, Satellite Services & Space Systems ($990 million)