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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 Q3 2023 edition delves into the details and strategic drivers behind BAE Systems’ acquisition of Ball Aerospace, an update on active A&D acquirer Barnes Group (NYSE:B), and a look into the latest information on the Project Kuiper program.
Executive Summary
There were 97 A&D deals announced in Q3 2023, which was a decrease from the number of deals announced during Q2 2023.
Year-over-year quarterly transaction volume decreased by 4.0% compared to the 101 deals announced during Q3 2023.
Average disclosed deal size during the quarter increased to $857 million compared to $803 million during Q2 2023.
The most active segments in terms of number of M&A deals were:
- Government Services, IT Services, and Software (27 deals)
- Defense Electronics (13 deals)
- Cybersecurity, Intelligence Services and Homeland Defense (12 deals)
- Components & Subsystems (7 deals)
- Machined & Cast Parts (7 deals)
The top 3 segments in terms of disclosed transaction values were:
- Satellite, Satellite Services & Space Systems ($5,590 million)
- Cybersecurity, Intelligence Services and Homeland Defense ($3,800 million)
- Government Services, IT Services and Software ($3,296 million)