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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 2025 edition delves into the details and strategic drivers behind Eaton's acquisition of Ultra Precision Control Systems (PCS), an update on active A&D acquirer Rocket Lab USA, and a look into the latest information on the Golden Dome for America.
Executive Summary
There were 115 A&D deals announced in Q2 2025, which was an increase from the number of deals announced during Q1 2025.
Year-over-year quarterly transaction volume increased by 25.0% compared to the 92 deals announced during Q2 2024.
Average disclosed deal size during the quarter increased to $964 million compared to $639 million during Q1 2025.
The most active segments in terms of number of M&A deals were:
- Machined & Cast Parts (17 deals)
- MRO & Logistics (16 deals)
- Components & Subsystems (13 deals)
- Government Services, IT Services and Software (13 deals)
- Cybersecurity, Intelligence Services and Homeland Defense (9 deals)
The top 3 segments in terms of disclosed transaction values were:
- Controls & Systems ($10,550 million)
- Government Services, IT Services and Software ($5,250 million)
- Defense Electronics ($5,151 million)