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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 2024 edition delves into the details and strategic drivers behind Honeywell's acquisition of CAES System Holdings LLC, an update on active A&D acquirer Curtiss-Wright, and a look into the latest information on the RTX's SM-3 Interceptor platform.
Executive Summary
There were 91 A&D deals announced in Q2 2024, which was an increase from the number of deals announced during Q1 2024.
Year-over-year quarterly transaction volume increased by 13.3% compared to the 105 deals announced during Q2 2023.
Average disclosed deal size during the quarter decreased to $3031 million compared to $3031 million during Q1 2024.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (22 deals)
- Machined & Cast Parts (12 deals)
- MRO & Logistics (11 deals)
- Defense Electronics (8 deals)
- Unmanned Vehicles (8 deals)
The top 3 segments in terms of disclosed transaction values were:
- Satellite, Satellite Services & Space Systems ($5,245 million)
- Defense Electronics ($2,223 million)
- Engineering and Project Management ($1,287 million)