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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 Q2 2023 edition delves into the details and strategic drivers behind HEICO’s acquisition of Wencor, an update on active A&D acquirer VSE Corporation (NASDAQ: VSEC), and a look into the latest information on the Boeing 787 Dreamliner program.
Executive Summary
There were 102 A&D deals announced in Q2 2023, which was an increase from the number of deals announced during Q1 2023.
Year-over-year quarterly transaction volume decreased by 19.0% compared to the 126 deals announced during Q2 2022.
Average disclosed deal size during the quarter increased to $914 million compared to $178 million during Q1 2023.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (20 deals)
- MRO & Logistics (15 deals)
- Machined & Cast Parts (13 deals)
- Cybersecurity, Intelligence Services and Homeland Defense (8 deals)
- Satellite, Satellite Services & Space Systems (8 deals)
The top 3 segments in terms of disclosed transaction values were:
- Test & Measurement ($8,100 million)
- Machined & Cast Parts ($6,550 million)
- Distribution ($2,174 million)